Axis Overnight Fund Direct Growth
Axis Overnight Fund Direct Growth

Axis Overnight Fund Direct Growth

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Debt
Direct
Overnight

NAV: ₹ 1183.6 as on 22-03-2023

Fund Performance
zero opening, trading, fund transfer fee
73 people have invested ₹ 86.8L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Axis Overnight Fund Direct Growth has outperformed all funds in its category

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In the last 3 years, Mirae Asset Overnight Fund Direct Growth has given 3.95% return, outperforming Axis Overnight Fund Direct Growth by 0.05% per annum

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Over the last 6 months, Axis Overnight Fund Direct Growth has increased expense ratio by 25.0% moving from 0.04 to 0.05

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Axis Overnight Fund Direct Growth has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.05% which is lower than the category average expense ratio of 0.13%

Axis Overnight Fund Direct Growth Performance as on (22-Mar-23)

Return
1M
3M
6M
1Y
3Y
Axis Overnight Fund Direct Growth
0.5%
1.6%
3.1%
5.4%
3.9%
Overnight Index
-
-
-
-
-

About the Fund

Axis Overnight Fund Direct Growth is a debt fund. This fund was started on  6 March, 2019. The fund is managed by Aditya Pagaria, Sachin Jain. This fund is suitable to keep your money safe.

Key parameters

1) Axis Overnight Fund Direct Growth has a NAV of 1183.5948 as on 22-03-2023.

2) Axis Overnight Fund Direct Growth has 13637 Cr worth of assets under management (AUM) as on 31-01-2023 and is more than category average.

3) The fund has an expense ratio 0.05 %.

Axis Overnight Fund Direct Growth Overview

Expense ratio
Expense ratio
0.05%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹13637 Cr
Inception Date
Inception Date
6 March, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
764.75%

Fund Distribution as on (28-Feb-23)

  • Debt & Cash 100%

Sector Allocation

Feb'23

Jan'23

Dec'22

Cash Equivalent

100%

Top Holdings of Axis Overnight Fund Direct Growth as on (28-Feb-23)

  • Debt & Cash

Debt Holdings3
Holdings
Weight%
Holdings Trend
1M Change
Clearing Corporation Of India Ltd
Clearing Corporation Of India Ltd
99.02%
0%
182 DTB 02032023
182 DTB 02032023
0.8%
0%
364 Dtb 16032023
364 Dtb 16032023
0.56%
100%

Axis Overnight Fund Direct Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.49%
0.52%
0.52%
Overnight Index
0.41%
0.44%
0.49%
  • This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Overnight Index returns stands at 0.41% as on Feb'23
  • This fund outperformed Overnight Index by 0.08% in Feb'23

AUM Change

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 12.6K Cr
₹ 12.1K Cr
₹ 9.3K Cr
  • AUM of the fund stands at 12.6K Cr as of Feb'23
  • AUM increased by 470.1 Cr between Feb'23 and Jan'23

Axis Overnight Fund Direct Growth Fund Manager

Aditya Pagaria

Aditya Pagaria

Fund Manager of Axis Overnight Fund Direct Growth, since 30 May 2019
Sachin Jain

Sachin Jain

Fund Manager of Axis Overnight Fund Direct Growth, since 9 November 2021

Fund Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 4.26% since inception which is more than its category average return of 3.25%
AUM size ₹13637 Cr

AUM size ₹13637 Cr

This fund has AUM of ₹13637 Cr which is more than its category average of ₹ 3774 Cr
Expense Ratio 0.05%

Expense Ratio 0.05%

This fund has an expense ratio of 0.05% which is less than its category average expense ratio of 0.15%

Frequently Asked Questions

The current NAV of Axis Overnight Fund Direct Growth is 1183.17 as on 20-Mar-2023.
Existing (Absolute + CAGR)
Axis Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.49%
0.49%
6 Month Returns
3.05%
3.05%
1 Year Returns
5.38%
5.38%
3 Years Returns
12.15%
3.9%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.05 as on February 2023
12566 Cr as on February 2023
Aditya Pagaria,Sachin Jain are the fund managers of Axis Overnight Fund Direct Growth
The Exit load of Axis Overnight Fund Direct Growth is 0%

Mutual Fund execution provided by

BSE Star MF

Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.