DSP Overnight Fund Direct Weekly Payout of Income Distribution cum capital withdrawal option

DSP Overnight Fund Direct Weekly Payout of Income Distribution cum capital withdrawal option is a debt fund. This fund was started on 9 January, 2019. The fund is managed by Karan Mundhra. This fund is suitable to keep your money safe.

1. DSP Overnight Fund Direct Weekly Payout of Income Distribution cum capital withdrawal option has ₹1917 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

DSP Overnight Fund Direct Weekly Payout of Income Distribution cum capital withdrawal option has given a CAGR return of 3.96% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 5.78% and 4.05% respectively.

DSP Overnight Fund Direct Weekly Payout of Income Distribution cum capital withdrawal option has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 10072025, 182 DTB 03/07/2025, 182 DTB 19062025

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 primary objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Overnight Fund Direct Weekly Payout of Income Distribution cum capital withdrawal option has no lock in period.