1M
6M
1Y
All
| NAV: 24 Oct 2021 | ₹1,003.22 |
| Min. SIP amount | ₹500 |
| Rating | 2star |
| Fund size | ₹11.19 Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Debt Overnight
Absolute returns
| 3M | 6M | 1Y | All | |
|---|---|---|---|---|
| Fund returns | 0.8% | 1.6% | 3.0% | 6.9% |
| Category average | NA | NA | 3.0% | NA |
| Rank with in category | 28 | 28 | 28 | NA |
Understand termsinfo
Understand terms
Expense ratio
A 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.
Tax
A 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 load
A 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 duty
A 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
0.08%
31 Aug 2021 - 30 Sep 2021
0.08%
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
0.08%
31 Jan 2021 - 28 Feb 2021
0.08%
31 Dec 2020 - 31 Jan 2021
0.08%
30 Nov 2020 - 31 Dec 2020
0.08%
31 Oct 2020 - 30 Nov 2020
0.08%
30 Sep 2020 - 31 Oct 2020
0.08%
31 Aug 2020 - 30 Sep 2020
0.08%
31 Jul 2020 - 31 Aug 2020
0.08%
30 Jun 2020 - 31 Jul 2020
0.08%
31 May 2020 - 30 Jun 2020
0.08%
30 Apr 2020 - 31 May 2020
0.08%
31 Mar 2020 - 30 Apr 2020
0.08%
29 Feb 2020 - 31 Mar 2020
0.08%
31 Jan 2020 - 29 Feb 2020
0.08%
31 Dec 2019 - 31 Jan 2020
0.08%
30 Nov 2019 - 31 Dec 2019
0.08%
31 Oct 2019 - 30 Nov 2019
0.08%
Expense ratio, exit load and tax
Expense ratio: 0.08%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns 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 amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Vikrant Mehta
Jan 2021 - Present
View details
Education
Mr. Mehta is CFA and M.S.
Experience
Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, 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.
Also manages these schemes
George Heber Joseph
Oct 2019 - Present
View details
Education
Mr George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified CA from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.
Experience
Prior to joining ITI Asset Management Ltd., he has worked with ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad.
His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS – Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team.
He is known for his focus on extensive bottom-up research and stock-picking capabilities, has overseen fund managers activities and managed various research analysts during his tenure.
Also manages these schemes
Milan Mody
Oct 2019 - Present
View details
Education
Mr. Mody has done B.Com & MBA in Finance
Experience
Prior to joining ITI Mutual Fund he has worked with ZyFin Research Private Ltd, Sahara India Life Insurance Company Ltd, He was also associated with Darashaw and BRICS securities.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | NA |
| Date of Incorporation | NA |
|---|
ITI Overnight Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by NA. This scheme was made available to investors on 25 Oct 2021. George
ITI Overnight Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by NA. This scheme was made available to investors on 25 Oct 2021. George Heber Joseph is the Current Fund Manager of ITI Overnight Fund Direct IDCW Monthly fund. The fund currently has an Asset Under Management(AUM) of NA Cr and the Latest NAV as of 24 Oct 2021 is ₹1,003.22.
The ITI Overnight Fund Direct IDCW Monthly is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily
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.
...Read more
| Fund benchmark | CRISIL Overnight Index |
|---|
Fund house contact details
Address
NA
Phone
NA
Launch Date
NA
E-mail
NAWebsite
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,
Email
[email protected]Website
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ITI Overnight Fund Direct IDCW Monthly
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