ITI Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV: ₹ 1154.1 as on 31-05-2023
Fund Performance
Fund Insights
In the last 1 year, Axis Overnight Fund Direct Growth has given 5.97% return, outperforming ITI Overnight Fund Direct Growth by 0.22%
In the last 3 years, Mirae Asset Overnight Fund Direct Growth has given 4.18% return, outperforming ITI Overnight Fund Direct Growth by 0.15% per annum
ITI Overnight Fund Direct Growth has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.08% which is lower than the category average expense ratio of 0.13%
Over the last 1 month, ITI Overnight Fund Direct Growth has experienced a 51.0% drop in AUM moving from 76.86 Cr to 37.65 Cr
About the Fund
ITI Overnight Fund Direct Growth is a debt fund. This fund was started on 24 October, 2019. The fund is managed by Vikrant Mehta. This fund is suitable to keep your money safe.
Key parameters
1) ITI Overnight Fund Direct Growth has a NAV of ₹1154.0916 as on 31-05-2023.
2) ITI Overnight Fund Direct Growth has ₹38 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
3) The fund has an expense ratio 0.08 %.
ITI Overnight Fund Direct Growth Overview
 | 0.08% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹38 Cr |
 | 24 October, 2019 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 0% |
Fund Distribution as on (30-Apr-23)
Sector Allocation
Cash Equivalent
100%
Top Holdings of ITI Overnight Fund Direct Growth as on (31-May-23)
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Net Receivables / (Payables) | 0.57% | 0% |
ITI Overnight Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.47% whereas the fund’s underlying benchmark Overnight Index returns stands at 0.41% as on Apr'23
- This fund outperformed Overnight Index by 0.06% in Apr'23
AUM Change
- AUM of the fund stands at 76.9 Cr as of Apr'23
- AUM increased by 62 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
ITI Overnight Fund Direct Growth Fund Manager
Vikrant Mehta
Fund Manager of ITI Overnight Fund Direct Growth, since 18 January 2021
Top funds managed
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 4.06% since inception which is more than its category average return of 3.4%
AUM size ₹38 Cr
This fund has AUM of ₹38 Cr which is less than its category average of ₹ 3560 Cr
Expense Ratio 0.08%
This fund has an expense ratio of 0.08% which is less than its category average expense ratio of 0.14%
Frequently Asked Questions
The current NAV of ITI Overnight Fund Direct Growth is ₹1154.09 as on 31-May-2023.
Existing (Absolute + CAGR) as on 31-May-2023.
ITI Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.52% | 0.52% |
6 Month Returns | 3.1% | 3.1% |
1 Year Returns | 5.76% | 5.76% |
3 Years Returns | 12.58% | 4.03% |
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 May 2023
₹38 Cr as on May 2023
Yield to Maturity is 6.77 as on May 2023. 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 May 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
Vikrant Mehta is the fund manager of ITI Overnight Fund Direct Growth
The Exit load of ITI Overnight Fund Direct Growth is 0%