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ITI Overnight Fund Direct Dividend Monthly+0.01%

3.02%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

ITI Overnight Fund Direct Dividend Monthly

RiskLow
Min SIP Amount₹500
Expense Ratio0.08%
NAV₹1001.33 (02 Mar 2021)
Fund Started28 Oct 2019
Fund Size14 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.0%
-
-
-0.1%
Category Average
3.0%
4.7%
5.2%
-
Rank Within Category
27
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Would have become
0
with 3.0% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.08%
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

Fund Managers

Vikrant Mehta
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George Heber Joseph
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Milan Mody
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ITI Overnight Fund Direct Dividend Monthly Details

ITI Overnight Fund Direct Dividend Monthly is a Debt Mutual Fund Scheme launched by ITI Mutual Fund. This scheme was made available to investors on 28 Oct 2019. George Heber Joseph is the Current Fund Manager of ITI Overnight Fund Direct Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹14 Cr and the Latest NAV as of 02 Mar 2021 is ₹1001.33.

The ITI Overnight Fund Direct Dividend Monthly is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.

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)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About ITI Mutual Fund

Address
Naman Midtown 'A' - Wing,21st Floor,Senapati Bapat Marg, Prabhadevi Mumbai 400013
Phone
1800-266-9603 / 022-66214999
Launch Date
07 Jan 2019
Website
NA
ITI Mutual Fund
Asset Management Company
Custodian
Deutsche 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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