IDFC Overnight Fund Direct Growth+0.01%

3.72%
1 Year Return
Debt
Overnight
3.0star
6M
1Y
All

Fund Details

IDFC Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹1000
Expense Ratio0.09%
NAV1084.17 (27 Oct 2020)
Fund Started17 Jan 2019
Fund Size2,675 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDFC Overnight Fund Direct Growth
3.7%
NA
NA
4.7%
Category Average
3.7%
5.0%
5.5%
-
Rank within category
19
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 3.7% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.09%
    2. Exit load is zero
    Cons
    1. Age is less than 3 years
    2. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Jio Infocomm Ltd.CommunicationCP9.4%

    Fund Managers

    addHarshal Joshi
    Education
    Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
    Experience
    Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.
    Funds Managed
    addBrijesh Shah
    Education
    Mr. Shah is a Post Graduate Diploma in Finance.
    Experience
    Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
    Funds Managed

    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 ₹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.

    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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    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
    Website
    NA
    IDFC Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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