ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Overnight
ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl

About the Fund

ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl 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 Monthly Reinvestment Inc Dist cum Cap Wdrl has ₹24 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 Monthly Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 4.09% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 4.94% and 4.83% respectively.

Holdings

ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl 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 Monthly Reinvestment Inc Dist cum Cap Wdrl

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 Monthly Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.08%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹24 Cr
Inception Date24 October, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
17.48%
Risk
Risk meter
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Low Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69

Vikrant Mehta
Vikrant Mehta
Fund Manager of ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl, since 18 January 2021

ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
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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 4.09% since inception which is more than its category average return of 3.89%
AUM size ₹24 Cr

AUM size ₹24 Cr

This fund has AUM of ₹24 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 ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl is ₹1004.85 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.02%
0.02%
6 Month Returns
1.6%
1.6%
1 Year Returns
4.94%
4.94%
3 Years Returns
15.19%
4.83%
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
₹24 Cr as on June 2024
Yield to Maturity is 6.7 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.
Vikrant Mehta is the fund manager of ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ITI Overnight Fund Direct Monthly Reinvestment Inc Dist cum Cap Wdrl is 0%