Groww Overnight Fund Direct Growth

Groww Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 01-12-2024

₹ 1289.69

Inception Returns

4.8%

/yr

About Groww Overnight Fund Direct Growth

Groww Overnight Fund Direct Growth is a debt fund. This fund was started on 8 July, 2019. The fund is managed by Kaustubh Sule. This fund is suitable to keep your money safe.

Key Parameters

  1. Groww Overnight Fund Direct Growth has ₹13 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

Groww Overnight Fund Direct Growth has given a CAGR return of 4.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.70%, 5.78% and 4.78% respectively.

Holdings

Groww Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 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 Groww Overnight Fund Direct Growth

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
51 people have invested ₹ 83.5K in Groww Overnight Fund Direct Growth in the last three months

Groww Overnight Fund Direct Growth Overview

Expense ratio0.14%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹13 Cr
Inception Date8 July, 2019
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
27.49%
STCGSelling 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 (01-Dec-24)

Period
Groww Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.3%
-
1Y
6.7%
-
3Y
5.8%
-
5Y
4.8%
-

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
₹ 20.2 Cr
₹ 24.2 Cr
₹ 31.9 Cr
  • AUM of the fund stands at 20.2 Cr as of Oct'24
  • AUM decreased by 4 Cr between Oct'24 and Sep'24
  • Debt & Cash

Holdings
Weight%
1M Change
91 DTB 28112024
91 DTB 28112024
2.29%
0%
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Kaustubh Sule
Kaustubh Sule
Fund Manager of Groww Overnight Fund Direct Growth, since 11 May 2023
Fund House
Groww Asset Management Ltd.
Total Schemes
Total AUM
₹1.85K Cr
as on 31-Oct-2024
Address
Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra
Phone
8050180222
Website
support@growwmf.in

Mutual Fund Insights

Insights icon
In the last 3 years, Axis Overnight Fund Direct Growth has given 5.98% return, outperforming this fund by 0.19% per annum.
Insights icon
In the last 1 year, Axis Overnight Fund Direct Growth has given 6.76% return, outperforming this fund by 0.07%.
Insights icon
Over the last 1 month, this fund has experienced a 59.5% drop in AUM moving from 32.21 Cr to 13.06 Cr.
Insights icon
In the last 5 years, Mirae Asset Overnight Fund Direct Growth has given 4.96% return, outperforming this fund by 0.19% per annum.

Groww 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 4.82% since inception which is more than its category average return of 3.97%
AUM size ₹13 Cr

AUM size ₹13 Cr

This fund has AUM of ₹13 Cr which is less than its category average of ₹ 2689 Cr
Expense Ratio 0.14%

Expense Ratio 0.14%

This fund has an expense ratio of 0.14% which is more than its category average expense ratio of 0.14%

Frequently Asked Questions for Groww Overnight Fund Direct Growth

The current NAV of Groww Overnight Fund Direct Growth is ₹1289.69 as on 01-Dec-2024.
Existing (Absolute + CAGR) as on 01-Dec-2024.
Groww Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.54%
0.54%
6 Month Returns
3.27%
3.27%
1 Year Returns
6.7%
6.7%
3 Years Returns
18.38%
5.78%
5 Years Returns
26.27%
4.78%
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.
0.14% as on November 2024
₹13 Cr as on November 2024
Yield to Maturity is 6.4 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
Kaustubh Sule is the fund manager of Groww Overnight Fund Direct Growth
The Exit load of Groww Overnight Fund Direct Growth is 0%