UTI Overnight Fund Direct Growth

UTI Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 06-10-2024

₹ 3388.98

Inception Returns

6.3%

/yr

About the Fund

UTI Overnight Fund Direct Growth is a debt fund. This fund was started on 14 January, 2013. The fund is managed by Amit Sharma. This fund is suitable to keep your money safe.

Key Parameters

  1. UTI Overnight Fund Direct Growth has ₹4313 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.

Returns

UTI Overnight Fund Direct Growth has given a CAGR return of 6.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.80%, 5.78% and 4.86% respectively.

Holdings

UTI Overnight Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government. 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 UTI Overnight Fund Direct Growth

The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of overnight securities having a maturity of one day. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. UTI Overnight Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
90 people have invested ₹ 37.1L in UTI Overnight Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.06%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹4313 Cr
Inception Date14 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
1.48%
STCGSelling 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 (06-Oct-24)

Period
UTI Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.3%
-
1Y
6.8%
-
3Y
5.8%
-
5Y
4.9%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 3.1K Cr
₹ 3.8K Cr
₹ 3.9K Cr
  • AUM of the fund stands at 3.1K Cr as of Aug'24
  • AUM decreased by 674.3 Cr between Aug'24 and Jul'24

Top Sector in August was Financial Services

Aug'24
Financial Services
100%
Jul'24
Financial Services
100%
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Amit Sharma
Amit Sharma
Fund Manager of UTI Overnight Fund Direct Growth, since 3 May 2018
Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.29L Cr
as on 31-Aug-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in

Mutual Fund Insights

Insights icon
In the last 1 year, Axis Overnight Fund Direct Growth has given 6.82% return, outperforming this fund by 0.02%.
Insights icon
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%.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 20.0% moving from 0.05 to 0.06.
Insights icon
In the last 5 years, PGIM India Overnight Fund Direct Growth has given 4.9% return, outperforming this fund by 0.04% per annum.
Insights icon
In the last 3 years, Axis Overnight Fund Direct Growth has given 5.81% return, outperforming this fund by 0.03% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 27.4% drop in AUM moving from 5.94K Cr to 4.31K Cr.

UTI 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 6.27% since inception which is more than its category average return of 3.91%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 2630 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 UTI Overnight Fund Direct Growth is ₹3388.98 as on 06-Oct-2024.
Existing (Absolute + CAGR) as on 06-Oct-2024.
UTI Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
3.29%
3.29%
1 Year Returns
6.8%
6.8%
3 Years Returns
18.35%
5.78%
5 Years Returns
26.76%
4.86%
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 September 2024
₹4313 Cr as on September 2024
Yield to Maturity is 6.43 as on September 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 September 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Amit Sharma is the fund manager of UTI Overnight Fund Direct Growth
The Exit load of UTI Overnight Fund Direct Growth is 0%