Debt
Direct
Overnight
NAV as on 08-12-2024
₹ 1270.68
Inception Returns
4.8%
/yr
ITI Overnight Fund Direct Growth is a debt fund. This fund was started on 24 October, 2019. The fund is managed by . This fund is suitable to keep your money safe.
ITI Overnight Fund Direct Growth has given a CAGR return of 4.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.51%, 5.79% and 4.78% respectively.
ITI Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are
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.
The investment objective of the Scheme is 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 or guarantee that the investment objective of the scheme would be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Overnight Fund Direct Growth has no lock in period.
Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹18 Cr |
Inception Date | 24 October, 2019 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 17.48% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low Risk |
as on (08-Dec-24)
as on (31-Dec-69)
ITI Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.51% | 0.51% |
6 Month Returns | 3.17% | 3.17% |
1 Year Returns | 6.51% | 6.51% |
3 Years Returns | 18.4% | 5.79% |
5 Years Returns | 26.29% | 4.78% |