Name: IDFC Overnight Fund Direct Growth
Brand: IDFC Mutual Fund
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IDFC Overnight Fund Direct Growth
Debt
Overnight
Low Risk
0.26%
1M return
+0.01% 1D
1M
6M
1Y
All
 NAV: 24 Oct 2021₹1,117.44
Min. SIP amount₹1,000
Rating2star
Fund size₹1,324.80 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Overnight
Absolute returns
3M6M1YAll
Fund returns0.8%1.6%3.1%11.7%
Category averageNANA3.0%NA
Rank with in category172022NA
Understand termsinfo
Holdings (1)NameSectorInstrumentAssets
Reliance Jio Infocomm Ltd.
CommunicationCP9.4%
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Overnight
thumb_up_altPros
Exit load is zero
Lower expense ratio: 0.09%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_altCons
Low rating: 2
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.09%
31 Aug 2021 - 30 Sep 2021
0.09%
31 Jul 2021 - 31 Aug 2021
0.08%
30 Jun 2021 - 31 Jul 2021
0.08%
31 May 2021 - 30 Jun 2021
0.08%
30 Apr 2021 - 31 May 2021
0.08%
31 Mar 2021 - 30 Apr 2021
0.08%
28 Feb 2021 - 31 Mar 2021
0.09%
31 Jan 2021 - 28 Feb 2021
0.09%
31 Dec 2020 - 31 Jan 2021
0.09%
30 Nov 2020 - 31 Dec 2020
0.09%
31 Oct 2020 - 30 Nov 2020
0.09%
30 Sep 2020 - 31 Oct 2020
0.07%
31 Aug 2020 - 30 Sep 2020
0.08%
31 Jul 2020 - 31 Aug 2020
0.07%
30 Jun 2020 - 31 Jul 2020
0.07%
31 May 2020 - 30 Jun 2020
0.06%
30 Apr 2020 - 31 May 2020
0.06%
31 Mar 2020 - 30 Apr 2020
0.07%
29 Feb 2020 - 31 Mar 2020
0.06%
31 Jan 2020 - 29 Feb 2020
0.06%
31 Dec 2019 - 31 Jan 2020
0.06%
30 Nov 2019 - 31 Dec 2019
0.06%
31 Oct 2019 - 30 Nov 2019
0.06%
30 Sep 2019 - 31 Oct 2019
0.06%
31 Aug 2019 - 30 Sep 2019
0.06%
31 Jul 2019 - 31 Aug 2019
0.06%
30 Jun 2019 - 31 Jul 2019
0.06%
31 May 2019 - 30 Jun 2019
0.10%
30 Apr 2019 - 31 May 2019
0.10%
31 Mar 2019 - 30 Apr 2019
0.10%
28 Feb 2019 - 31 Mar 2019
0.10%
31 Jan 2019 - 28 Feb 2019
0.10%
Expense ratio, exit load and taxExpense ratio: 0.09%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementHarshal Joshi
Jan 2019 - Present
View details
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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.
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Brijesh Shah
Feb 2019 - Present
View details
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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.
Also manages these schemes
IDFC Money Manager Fund Regular IDCW Daily
IDFC Money Manager Fund Regular IDCW Weekly
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IDFC Money Manager Fund Regular IDCW Monthly
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IDFC Money Manager Fund Direct IDCW Weekly
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IDFC Overnight Fund Direct Growth
Fund house & investment objective
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IDFC Mutual Fund
Rank (total assets)#9 in India
Total AUM1,20,172.24 Cr
Date of Incorporation13 Mar 2000
IDFC Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 13 Mar 2
IDFC Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 13 Mar 2000. Brijesh Shah is the Current Fund Manager of IDFC Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,20,172 Cr and the Latest NAV as of 24 Oct 2021 is ₹1,117.44.
The IDFC Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. ...Read more
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.
The scheme seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
Fund benchmarkNIFTY 1D Rate Index
descriptionScheme Information Document(SID)
Fund house contact details
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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
NA
IDFC 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
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IDFC Overnight Fund Direct Growth
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	3M	6M	1Y	All
Fund returns	0.8%	1.6%	3.1%	11.7%
Category average	NA	NA	3.0%	NA
Rank with in category	17	20	22	NA
Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000
Rating	2
Fund size	₹1,324.80 Cr