Axis Overnight Fund Direct Weekly Reinvst of Inc Dis cum Cap Wdrl

Axis Overnight Fund Direct Weekly Reinvst of Inc Dis cum Cap Wdrl is a debt fund. This fund was started on 30 May, 2019. The fund is managed by Sachin Jain. This fund is suitable to keep your money safe.

1. Axis Overnight Fund Direct Weekly Reinvst of Inc Dis cum Cap Wdrl has ₹9113 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Axis Overnight Fund Direct Weekly Reinvst of Inc Dis cum Cap Wdrl has given a CAGR return of 4.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.61%, 6.42% and 5.12% respectively.

Axis Overnight Fund Direct Weekly Reinvst of Inc Dis cum Cap Wdrl has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 15052025, 364 DTB 23052025, 364 Days Tbill 2025, 91 Days Tbill Red 08-05-2025, 364 Days Tbill (Md 08/05/2025)

As it is a overnight mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Axis Overnight Fund Direct Weekly Reinvst of Inc Dis cum Cap Wdrl has no lock in period.