Nippon India Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV as on 20-10-2024
₹ 133.3
Inception Returns
5%
/yr
About Nippon India Overnight Fund Direct Growth
Nippon India Overnight Fund Direct Growth is a debt fund. This fund was started on 18 December, 2018. The fund is managed by Siddharth Deb, Anju Chhajer. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Overnight Fund Direct Growth has ₹8538 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Nippon India Overnight Fund Direct Growth has given a CAGR return of 5.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.79%, 5.84% and 4.89% respectively.
Holdings
Nippon India Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 18102024, 182 DTB 07112024, 091 D Tbill Mat - 18/10/24, 91 DTB 07112024, 182 DTB 18102024
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 Nippon India Overnight Fund Direct Growth
To generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Overnight Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Overnight Fund Direct Growth Overview
| Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹8538 Cr |
| Inception Date | 18 December, 2018 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 552.09% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low Risk |
Trailing Returns
as on (20-Oct-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 8K Cr as of Sep'24
- AUM decreased by 448.9 Cr between Sep'24 and Aug'24
Top Sector in September was Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 182 DTB 18102024 | 1.17% | 100% | |
182 DTB 07112024 | 1.05% | 0% | |
091 D Tbill Mat - 18/10/24 | 0.88% | 0% | |
91 DTB 07112024 | 0.82% | 0% | |
191 DTB 24102024 | 0.7% | 0% |
Mutual Fund Insights
Nippon India Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.08%
Frequently Asked Questions for Nippon India Overnight Fund Direct Growth
Nippon India Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.52% | 0.52% |
6 Month Returns | 3.29% | 3.29% |
1 Year Returns | 6.79% | 6.79% |
3 Years Returns | 18.57% | 5.84% |
5 Years Returns | 26.97% | 4.89% |
- 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.
AAA | 100 |