|Min SIP Amount||₹1000|
|NAV||₹1084.17 (27 Oct 2020)|
|Fund Started||17 Jan 2019|
|Fund Size||₹2,675 Cr|
|Reliance Jio Infocomm Ltd.||Communication||CP||9.4%|
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 ₹2,675 Cr and the Latest NAV as of 27 Oct 2020 is ₹1084.17.
The IDFC Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The scheme seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.