Indiabulls Overnight Fund Direct Growth+0.01%

4
0.00%
1 Year Return
Debt
Overnight
6M
All

Fund Details

Indiabulls Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹500
Expense Ratio0.10%
NAV1043.95 (02 Jul 2020)
Fund Started11 Jul 2019
Fund Size220 Cr

Comparison

Data not available
Pros
1. Lower expense ratio - 0.1%
2. Exit load is zero
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
3. Risk-adjusted returns are lower compared to the category

Fund Managers

addVikrant Mehta
Education
Mr. Mehta is CFA and M.S.
Experience
Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
Funds Managed
addMalay Shah
Education
Mr. Shah is a B.Com and MMS.
Experience
Prior to joining Indiabulls Mutual Fund, he has worked as Head- Fixed Income with Essel Mutual Fund.and as Senior Dealer - Fixed Income Group with Derivium Capital.
Funds Managed
addKaran Singh
Education
Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA - Level 1
Experience
Prior to joining IndiaBulls Mutual Fund he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.
Funds Managed

Indiabulls Overnight Fund Direct Growth Details

Indiabulls Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Indiabulls Mutual Fund. This scheme was made available to investors on 11 Jul 2019. Karan Singh is the Current Fund Manager of Indiabulls Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹220 Cr and the Latest NAV as of 02 Jul 2020 is ₹1043.95.

The Indiabulls Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

Investment Objective

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

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)

₹500
Min for First Investment
₹500
Min for Second Investment
Nil
Exit Load

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About Indiabulls Mutual Fund

Address
11th Floor, Indiabulls Finance Centre Tower-1, Senapati Bapat Marg, Elphinstone (West) Mumbai - 400013.
Phone
022-61891300
Launch Date
24 Mar 2011
Indiabulls Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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