Tata Overnight Fund Direct Growth

Tata Overnight Fund Direct Growth

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Debt
Direct
Overnight
NAV: ₹ 1266.17 as on 13-04-2024
Fund Performance
zero opening, trading, fund transfer fee
24 people have invested ₹ 14.5L in Tata Overnight Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 5 years, Sundaram Overnight Fund Direct Growth has given 4.86% return, outperforming this fund by 0.09% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 33.3% moving from 0.09 to 0.06.
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In the last 1 year, Axis Overnight Fund Direct Growth has given 6.83% return, outperforming this fund by 0.01%.
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Over the last 1 month, this fund has experienced a 26.0% growth in AUM moving from 2.88K Cr to 3.63K Cr.
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This fund has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.06% which is lower than the category average expense ratio of 0.12%.
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In the last 3 years, HSBC Overnight Fund Direct Growth has given 5.25% return, outperforming this fund by 0.03% per annum.

About the Tata Overnight Fund Direct Growth

Tata Overnight Fund Direct Growth is a debt fund. This fund was started on 27 March, 2019. The fund is managed by Amit Somani. This fund is suitable to keep your money safe.

Key Parameters

  1. Tata Overnight Fund Direct Growth has ₹3634 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.1.

Tata Overnight Fund Direct Growth Overview

Expense ratio
Expense ratio
0.06%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹3634 Cr
Inception Date
Inception Date
27 March, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Tata Overnight Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Feb'24

Jan'24

Dec'23

Cash Equivalent
100%

Top Holdings of Tata Overnight Fund Direct Growth as on (31-Mar-24)

  • Debt & Cash

Debt Holdings3
Holdings
Weight%
1M Change
364 DTB 29032024
364 DTB 29032024
1.37%
0%
91 DTB 11042024
91 DTB 11042024
1.1%
0%
182 DTB 11042024
182 DTB 11042024
0.55%
0%

Tata Overnight Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 2.9K Cr
₹ 4.5K Cr
₹ 3.4K Cr
  • AUM of the fund stands at 2.9K Cr as of Feb'24
  • AUM decreased by 1.7K Cr between Feb'24 and Jan'24
Fund Portfolio Changes

Tata Overnight Fund Direct Growth Fund Manager

Amit Somani
Amit Somani
Fund Manager of Tata Overnight Fund Direct Growth, since 27 March 2019

Tata Overnight Fund Direct Growth 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 4.79% since inception which is more than its category average return of 3.65%
AUM size ₹3634 Cr

AUM size ₹3634 Cr

This fund has AUM of ₹3634 Cr which is more than its category average of ₹ 2857 Cr
Expense Ratio 0.06%

Expense Ratio 0.06%

This fund has an expense ratio of 0.06% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of Tata Overnight Fund Direct Growth is ₹1266.17 as on 13-Apr-2024.
Existing (Absolute + CAGR) as on 13-Apr-2024.
Tata Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.57%
0.57%
6 Month Returns
3.4%
3.4%
1 Year Returns
6.82%
6.82%
3 Years Returns
16.47%
5.21%
5 Years Returns
26.24%
4.77%
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.
0.06% as on March 2024
₹3634 Cr as on March 2024
Yield to Maturity is 6.46 as on March 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 March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Amit Somani is the fund manager of Tata Overnight Fund Direct Growth
The Exit load of Tata Overnight Fund Direct Growth is 0%