Fund Details
Axis Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.06% |
| NAV | ₹1095.91 (23 Jun 2021) |
|---|---|
| Fund Started | 13 Mar 2019 |
| Fund Size | ₹6,878 Cr |
Returns
Comparison
1. Lower expense ratio - 0.06%
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
1. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Corporate Bond Repo | 11.0% |
Fund Managers
Axis Overnight Fund Direct Growth Details
Axis Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 13 Mar 2019. Aditya Pagaria is the Current Fund Manager of Axis Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹6,878 Cr and the Latest NAV as of 23 Jun 2021 is ₹1095.91.
The Axis Overnight Fund Direct Growth is rated Low risk. Minimum Lumpsum Investment is 500.
Investment Objective
The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
