1M
6M
1Y
3Y
All
| NAV: 24 Jan 2022 | ₹113.41 |
| Min. SIP amount | ₹100 |
| Rating | 3 |
| Fund size | ₹6,704.58Cr |
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
Annualised returns
Absolute returns
| 6M | 1Y | 3Y | All | |
|---|---|---|---|---|
| Fund returns | NA | 3.2% | 4.0% | 4.1% |
| Category average | NA | 3.0% | 4.4% | NA |
| Rank with in category | NA | 17 | 2 | NA |
Understand terms
Disclaimer
This content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Overnight
Pros
1Y annualised returns higher than category average by 0.19%
Exit load is zero
Lower expense ratio: 0.07%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Cons
3Y annualised returns lower than category average by 0.35%
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
31 Dec 2021 - Present
0.07%
30 Nov 2021 - 31 Dec 2021
0.07%
31 Oct 2021 - 30 Nov 2021
0.07%
30 Sep 2021 - 31 Oct 2021
0.10%
31 Aug 2021 - 30 Sep 2021
0.10%
31 Jul 2021 - 31 Aug 2021
0.10%
30 Jun 2021 - 31 Jul 2021
0.10%
31 May 2021 - 30 Jun 2021
0.10%
30 Apr 2021 - 31 May 2021
0.10%
31 Mar 2021 - 30 Apr 2021
0.10%
28 Feb 2021 - 31 Mar 2021
0.10%
31 Jan 2021 - 28 Feb 2021
0.10%
31 Dec 2020 - 31 Jan 2021
0.10%
30 Nov 2020 - 31 Dec 2020
0.10%
31 Oct 2020 - 30 Nov 2020
0.10%
30 Sep 2020 - 31 Oct 2020
0.10%
31 Aug 2020 - 30 Sep 2020
0.10%
31 Jul 2020 - 31 Aug 2020
0.07%
30 Jun 2020 - 31 Jul 2020
0.07%
31 May 2020 - 30 Jun 2020
0.07%
30 Apr 2020 - 31 May 2020
0.07%
31 Mar 2020 - 30 Apr 2020
0.07%
29 Feb 2020 - 31 Mar 2020
0.07%
31 Jan 2020 - 29 Feb 2020
0.07%
31 Dec 2019 - 31 Jan 2020
0.08%
30 Nov 2019 - 31 Dec 2019
0.08%
31 Oct 2019 - 30 Nov 2019
0.08%
30 Sep 2019 - 31 Oct 2019
0.08%
31 Aug 2019 - 30 Sep 2019
0.08%
31 Jul 2019 - 31 Aug 2019
0.08%
30 Jun 2019 - 31 Jul 2019
0.08%
31 May 2019 - 30 Jun 2019
0.08%
30 Apr 2019 - 31 May 2019
0.08%
31 Mar 2019 - 30 Apr 2019
0.08%
28 Feb 2019 - 31 Mar 2019
0.08%
31 Jan 2019 - 28 Feb 2019
0.08%
31 Dec 2018 - 31 Jan 2019
0.08%
Expense ratio, exit load and tax
Expense ratio: 0.07%
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 terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
Fund management
Anju Chhajer
Dec 2018 - Present
View details
Education
Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | NA |
| Date of Incorporation | NA |
|---|
Nippon India Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by NA. This scheme was made available to investors on 25 Jan
Nippon India Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by NA. This scheme was made available to investors on 25 Jan 2022. Anju Chhajer is the Current Fund Manager of Nippon India Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of NA Cr and the Latest NAV as of 24 Jan 2022 is ₹113.41.
The Nippon India Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturit
The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity.
...Read more
| Fund benchmark | CRISIL Overnight Index |
|---|
Fund house contact details
Address
NA
Phone
NA
Launch Date
NA
E-mail
NAWebsite
NA
Nippon India 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
www.karvymfs.comCompare funds
Nippon India Overnight Fund Direct Growth
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FAQs
How to Invest in Nippon India Overnight Fund Direct Growth
You can easily invest in Nippon India Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:
- Log on to your Groww account
- Search for Nippon India Overnight Fund Direct Growth from the search box
- In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
- Once you are done with that, you can start investing in Nippon India Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does Nippon India Overnight Fund Direct Growth provide?
The Nippon India Overnight Fund Direct Growth has been there from 18 Dec 2018 and the average annual returns provided by this
fund is 3.22% since its inception.
How much expense ratio is charged by Nippon India Overnight Fund Direct Growth?
The term Expense Ratio used for Nippon India Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.
The Expense Ratio of Nippon India Overnight Fund Direct Growth is 0.07% as of 25 Jan 2022...
The Expense Ratio of Nippon India Overnight Fund Direct Growth is 0.07% as of 25 Jan 2022...
What is the AUM of Nippon India Overnight Fund Direct Growth?
The AUM, short for Assets Under Management of Nippon India Overnight Fund Direct Growth is ₹6,704.58Cr as of 25 Jan 2022.
How to Redeem Nippon India Overnight Fund Direct Growth?
If you want to sell your Nippon India Overnight Fund Direct Growth holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of Nippon India Overnight Fund Direct Growth?
What is the NAV of Nippon India Overnight Fund Direct Growth?
The NAV of Nippon India Overnight Fund Direct Growth is ₹113.41 as of 24 Jan 2022.
What is the PE and PB ratio of Nippon India Overnight Fund Direct Growth?
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