DSP Overnight Fund Direct Growth

DSP Overnight Fund Direct Growth

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Debt
Direct
Overnight
NAV: ₹ 1274.1 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
30 people have invested ₹ 5.1L in DSP Overnight Fund Direct Growth in the last three months

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.06% which is lower than the category average expense ratio of 0.12%.
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Over the last 1 month, this fund has experienced a 33.4% growth in AUM moving from 2.98K Cr to 3.98K Cr.
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In the last 1 year, Axis Overnight Fund Direct Growth has given 6.8% return, outperforming this fund by 0%.
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In the last 5 years, this fund has outperformed all funds in its category.
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Over the last 1 year, this fund has decreased expense ratio by 14.3% moving from 0.07 to 0.06.
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In the last 3 years, Mirae Asset Overnight Fund Direct Growth has given 5.08% return, outperforming this fund by 0.03% per annum.

About the DSP Overnight Fund Direct Growth

DSP Overnight Fund Direct Growth is a debt fund. This fund was started on 9 January, 2019. The fund is managed by Kedar Karnik. This fund is suitable to keep your money safe.

Key Parameters

  1. DSP Overnight Fund Direct Growth has ₹3988 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.

DSP Overnight Fund Direct Growth Overview

Expense ratio
Expense ratio
0.06%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹3988 Cr
Inception Date
Inception Date
9 January, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
59.65%

DSP Overnight Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Cash Equivalent
100%

Top Holdings of DSP Overnight Fund Direct Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings3
Holdings
Weight%
1M Change
364 DTB 07032024
364 DTB 07032024
3%
0%
182 DTB 29022024
182 DTB 29022024
0.63%
0%
91 DTB 22022024
91 DTB 22022024
0.38%
0%

DSP Overnight Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 3.6K Cr
₹ 2.8K Cr
₹ 3K Cr
  • AUM of the fund stands at 3.6K Cr as of Jan'24
  • AUM increased by 796.1 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

DSP Overnight Fund Direct Growth Fund Manager

Kedar Karnik
Kedar Karnik
Fund Manager of DSP Overnight Fund Direct Growth, since 9 January 2019

DSP Overnight Fund Direct Growth Highlights

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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 4.84% since inception which is more than its category average return of 3.62%
AUM size ₹3988 Cr

AUM size ₹3988 Cr

This fund has AUM of ₹3988 Cr which is more than its category average of ₹ 3074 Cr
Expense Ratio 0.06%

Expense Ratio 0.06%

This fund has an expense ratio of 0.06% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of DSP Overnight Fund Direct Growth is ₹1274.06 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
DSP Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.56%
0.56%
6 Month Returns
3.42%
3.42%
1 Year Returns
6.79%
6.79%
3 Years Returns
15.93%
5.05%
5 Years Returns
26.38%
4.79%
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.
0.06% as on January 2024
₹3988 Cr as on January 2024
Yield to Maturity is 6.79 as on January 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.
AAA
100
Kedar Karnik is the fund manager of DSP Overnight Fund Direct Growth
The Exit load of DSP Overnight Fund Direct Growth is 0%