| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.07% |
| NAV | ₹1074.13 (27 Oct 2020) |
|---|---|
| Fund Started | 13 Mar 2019 |
| Fund Size | ₹5,347 Cr |
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 ₹5,347 Cr and the Latest NAV as of 27 Oct 2020 is ₹1074.13.
The Axis Overnight Fund Direct Growth is rated Low risk. Minimum Lumpsum Investment is 500.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.