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Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Overnight Fund Direct Growth

Nippon India Overnight Fund Direct Growth

Debt
Overnight
Low Risk
4.05%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
All
NAV: 24 Jan 2022₹113.41
Min. SIP amount₹100
Rating3
Fund size₹6,704.58Cr

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA3.2%4.0%4.1%
Category averageNA3.0%4.4%NA
Rank with in categoryNA172NA
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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%

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

Fund house & investment objective

Fund house contact details

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