Bandhan Overnight Fund Direct Growth

Bandhan Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 10-12-2024

₹ 1335.49

Inception Returns

5%

/yr

About Bandhan Overnight Fund Direct Growth

Bandhan Overnight Fund Direct Growth is a debt fund. This fund was started on 19 January, 2019. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Bandhan Overnight Fund Direct Growth has ₹1146 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Bandhan Overnight Fund Direct Growth has given a CAGR return of 5.03% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.73%, 5.97% and 4.90% respectively.

Holdings

Bandhan Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 364 DTB 21112024, 182 DTB 12122024, 182 DTB 28112024

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 Bandhan Overnight Fund Direct Growth

The Fund seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Overnight Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
16 people have invested ₹ 15.7L in Bandhan Overnight Fund Direct Growth in the last three months

Bandhan Overnight Fund Direct Growth Overview

Expense ratio0.05%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹1146 Cr
Inception Date19 January, 2019
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
9215.43%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low Risk

Trailing Returns

as on (10-Dec-24)

Period
Bandhan Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.3%
-
1Y
6.7%
-
3Y
6%
-
5Y
4.9%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1K Cr
₹ 1K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top Sector in October was Government

Sep'24
Government
4%
  • Debt & Cash

Holdings
Weight%
1M Change
364 DTB 21112024
364 DTB 21112024
2.77%
0%
182 DTB 12122024
182 DTB 12122024
2.3%
0%
182 DTB 28112024
182 DTB 28112024
1.38%
0%
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Fund House
Bandhan Asset Management Company Limited
Total AUM
₹1.6L Cr
as on 31-Oct-2024
Address
Bandhan Asset Management Company Limited,6th Floor, 841, One World Center,Jupiter Mill, Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
022-66289999
Website
investormf@bandhanamc.com

Mutual Fund Insights

Insights icon
This fund 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 0.12%.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 16.7% moving from 0.06 to 0.05.
Insights icon
Over the last 3 months, this fund has experienced a 34.5% drop in AUM moving from 1.75K Cr to 1.14K Cr.
Insights icon
In the last 1 year, Axis Overnight Fund Direct Growth has given 6.76% return, outperforming this fund by 0.03%.
Insights icon
In the last 5 years, Mirae Asset Overnight Fund Direct Growth has given 4.97% return, outperforming this fund by 0.07% per annum.
Insights icon
In the last 3 years, Axis Overnight Fund Direct Growth has given 6% return, outperforming this fund by 0.03% per annum.

Bandhan Overnight Fund Direct Growth 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 5.03% since inception which is more than its category average return of 3.99%
AUM size ₹1146 Cr

AUM size ₹1146 Cr

This fund has AUM of ₹1146 Cr which is less than its category average of ₹ 2706 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 for Bandhan Overnight Fund Direct Growth

The current NAV of Bandhan Overnight Fund Direct Growth is ₹1335.49 as on 10-Dec-2024.
Existing (Absolute + CAGR) as on 10-Dec-2024.
Bandhan Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
3.26%
3.26%
1 Year Returns
6.73%
6.73%
3 Years Returns
19%
5.97%
5 Years Returns
27.02%
4.9%
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 November 2024
₹1146 Cr as on November 2024
Yield to Maturity is 6.34 as on November 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 November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
The Exit load of Bandhan Overnight Fund Direct Growth is 0%