ITI Overnight Fund Direct Growth+0.01%

3.69%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

ITI Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹500
Expense Ratio0.08%
NAV1037.82 (29 Oct 2020)
Fund Started28 Oct 2019
Fund Size15 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ITI Overnight Fund Direct Growth
3.7%
NA
NA
3.7%
Category Average
3.6%
5.0%
5.5%
-
Rank within category
22
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 3.7% annual returns

    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
    3. Risk-adjusted returns are lower compared to the category

    Fund Managers

    addGeorge Heber Joseph
    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.
    Funds Managed
    addMilan Mody
    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.
    Funds Managed

    ITI Overnight Fund Direct Growth Details

    ITI Overnight Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹15 Cr and the Latest NAV as of 29 Oct 2020 is ₹1037.82.

    The ITI Overnight Fund Direct Growth 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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