Fund Details
IDFC Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.09% |
| NAV | ₹1092.16 (27 Jan 2021) |
|---|---|
| Fund Started | 17 Jan 2019 |
| Fund Size | ₹1,501 Cr |
Returns
Comparison
1. Lower expense ratio - 0.09%
2. Exit load is zero
1. Age is less than 3 years
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Jio Infocomm Ltd. | Communication | CP | 9.4% |
Fund Managers
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 ₹1,501 Cr and the Latest NAV as of 27 Jan 2021 is ₹1092.16.
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.
