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ITI Overnight Fund Direct Growth

Debt
Overnight
Low Risk
3.04%
1Y return
+0.01% 1D
1M
6M
1Y
All
NAV: 01 Aug 2021₹1,061.59
Min. SIP Amount₹500
Rating2star
Fund Size₹15.33 Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become 0 (0.00%)

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.0%NANA3.4%
Category average3.0%4.4%4.9%NA
Rank with in category29NANANA
Understand termsinfo

Pros and cons

Category: Debt Overnight

Pros

  • Lower expense ratio - 0.08%
  • Exit load is zero

Cons

  • Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
  • Age is less than 3 years

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

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹500

Fund management

Vikrant Mehta
Jan 2021 - Present
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George Heber Joseph
Oct 2019 - Present
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Milan Mody
Oct 2019 - Present
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Fund house & investment objective

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Fund house contact details

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