6M
1Y
All
Fund Details
IDFC Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.08% |
| NAV | ₹1108.70 (23 Jul 2021) |
|---|---|
| Fund Started | 17 Jan 2019 |
| Fund Size | ₹1,506 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
3.1%
-
-
4.4%
Category Average
3.0%
4.4%
4.9%
-
Rank Within Category
18
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount₹1,000
Amount Per Month₹5,000
Would have become
₹0
with 3.1% returns per annum
Comparison
Data not available
Pros
1. Lower expense ratio - 0.08%
2. Exit load is zero
Cons
1. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Jio Infocomm Ltd. | Communication | CP | 9.4% |
Fund Managers
Harshal Joshi
Brijesh Shah
IDFC Overnight Fund Direct Growth Details
IDFC Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 17 Jan 2019. Brijesh Shah is the Current Fund Manager of IDFC Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,506 Cr and the Latest NAV as of 23 Jul 2021 is ₹1108.70.
The IDFC Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load
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IDFC Overnight Fund Direct Growth
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About IDFC Mutual Fund
Address
OneIndiaBulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013
Phone
022-66289999
Launch Date
13 Mar 2000
E-mail
[email protected]Website
NAIDFC Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
www.camsonline.com