Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl

Debt
Direct
Overnight
Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl

About the Fund

Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl 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 Weekly Payout Inc Dist cum Cap Wdrl has ₹32 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 Weekly Payout Inc Dist cum Cap Wdrl has given a CAGR return of -0.09% since inception.

Holdings

Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 182 DTB 25072024

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 Weekly Payout Inc Dist cum Cap Wdrl

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 Weekly Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.08%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹32 Cr
Inception Date8 July, 2019
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
373.82%
Risk
Risk meter
pointer
Low Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
99.6%
Government
0.4%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
182 DTB 25072024
182 DTB 25072024
1.56%
0%

Kaustubh Sule
Kaustubh Sule
Fund Manager of Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl, since 11 May 2023

Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
AUM size ₹32 Cr

AUM size ₹32 Cr

This fund has AUM of ₹32 Cr which is less than its category average of ₹ 2659 Cr
Expense Ratio 0.08%

Expense Ratio 0.08%

This fund has an expense ratio of 0.08% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl is ₹1001.61 as on 12-Mar-2024.
Existing (Absolute + CAGR) as on 12-Mar-2024.
Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-0.03%
-0.03%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.08% as on June 2024
₹32 Cr as on June 2024
Yield to Maturity is 6.89 as on June 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 as on June 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 Weekly Payout Inc Dist cum Cap Wdrl
The Exit load of Groww Overnight Fund Direct Weekly Payout Inc Dist cum Cap Wdrl is 0%