Fund Details
Indiabulls Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.10% |
| NAV | ₹1061.11 (20 Jan 2021) |
|---|---|
| Fund Started | 11 Jul 2019 |
| Fund Size | ₹104 Cr |
Returns
Comparison
1. Lower expense ratio - 0.1%
2. Exit load is zero
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
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 ₹104 Cr and the Latest NAV as of 20 Jan 2021 is ₹1061.11.
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.
