Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl

Debt
Direct
Overnight
Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl

About the Fund

Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl 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 Monthly Pyt of Inc Dis cum Cap Wdrl has ₹9383 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.

Returns

Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl has given a CAGR return of 4.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.65%, 5.06% and 4.33% respectively.

Holdings

Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 182 DTB 06062024

Taxation

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl

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 and lockin period

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

Fund Performance

Fund Overview

Expense ratio0.05%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹9383 Cr
Inception Date6 March, 2019
Min Lumpsum/SIP₹5000/--
Exit Load0%
Lock InNo Lock-in
TurnOver
259.73%
Risk
Risk meter
pointer
Low Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
95.3%
Government
4.7%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
182 DTB 06062024
182 DTB 06062024
1.44%
0%

Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl, since 15 March 2019
Sachin Jain
Sachin Jain
Fund Manager of Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl, since 9 November 2021

Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl 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 4.25% since inception which is more than its category average return of 3.66%
AUM size ₹9383 Cr

AUM size ₹9383 Cr

This fund has AUM of ₹9383 Cr which is more than its category average of ₹ 2660 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 0.13%

Frequently Asked Questions

The current NAV of Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl is ₹1004.58 as on 17-Jun-2024.
Existing (Absolute + CAGR) as on 17-Jun-2024.
Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-0.02%
-0.02%
6 Month Returns
2.21%
2.21%
1 Year Returns
5.65%
5.65%
3 Years Returns
15.95%
5.06%
5 Years Returns
23.61%
4.33%
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 May 2024
₹9383 Cr as on May 2024
Yield to Maturity is 6.69 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.01 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Aditya Pagaria, Sachin Jain are the fund managers of Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl
The Exit load of Axis Overnight Fund Direct Monthly Pyt of Inc Dis cum Cap Wdrl is 0%