ITI Overnight Fund Direct Growth

ITI Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 08-12-2024

₹ 1270.68

Inception Returns

4.8%

/yr

About ITI Overnight Fund Direct Growth

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.

Key Parameters

  1. ITI Overnight Fund Direct Growth has ₹18 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

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.

Holdings

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

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 ITI Overnight Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
4 people have invested ₹ 2.1L in ITI Overnight Fund Direct Growth in the last three months

ITI Overnight Fund Direct Growth Overview

Expense ratio0.08%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹18 Cr
Inception Date24 October, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
17.48%
STCGSelling mutual fund 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 (08-Dec-24)

Period
ITI Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.2%
-
1Y
6.5%
-
3Y
5.8%
-
5Y
4.8%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 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
₹ 52.8 Cr
₹ 43.1 Cr
₹ 113.5 Cr
  • AUM of the fund stands at 52.8 Cr as of Oct'24
  • AUM increased by 9.8 Cr between Oct'24 and Sep'24
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Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹9.95K Cr
as on 31-Oct-2024
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com

Mutual Fund Insights

Insights icon
In the last 5 years, Mirae Asset Overnight Fund Direct Growth has given 4.97% 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 0.25%.
Insights icon
Over the last 1 month, this fund has experienced a 66.0% drop in AUM moving from 52.81 Cr to 17.93 Cr.
Insights icon
This fund expense ratio is slightly on the lower side within the category (overnight). Its expense ratio is 0.08% which is lower than the category average expense ratio of 0.12%.
Insights icon
In the last 3 years, Axis Overnight Fund Direct Growth has given 6% return, outperforming this fund by 0.21% per annum.

ITI 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 4.78% since inception which is more than its category average return of 3.99%
AUM size ₹18 Cr

AUM size ₹18 Cr

This fund has AUM of ₹18 Cr which is less than its category average of ₹ 2711 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 for ITI Overnight Fund Direct Growth

The current NAV of ITI Overnight Fund Direct Growth is ₹1270.68 as on 08-Dec-2024.
Existing (Absolute + CAGR) as on 08-Dec-2024.
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%
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 November 2024
₹18 Cr as on November 2024
Yield to Maturity is 6.69 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.
The Exit load of ITI Overnight Fund Direct Growth is 0%