|Min SIP Amount||₹100|
|NAV||₹100.06 (13 May 2021)|
|Fund Started||17 Dec 2018|
|Fund Size||₹6,370 Cr|
Nippon India Overnight Fund Direct IDCW Weekly is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 17 Dec 2018. Anju Chhajer is the Current Fund Manager of Nippon India Overnight Fund Direct IDCW Weekly fund.The fund currently has an Asset Under Management(AUM) of ₹6,370 Cr and the Latest NAV as of 13 May 2021 is ₹100.06.
The Nippon India Overnight Fund Direct IDCW Weekly is rated Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000.
The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.