SBI Overnight Fund Direct Dividend daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. R Arun is the Current Fund Manager of SBI Overnight Fund Direct Dividend daily.The fund currently has an Asset Under Management(AUM) of ₹1,680 Cr and the Latest NAV as of 16 Oct 2019 is ₹1009.91.
The SBI Overnight Fund Direct Dividend daily is rated Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
To mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments.
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)
Min for First Investment
Min for Second Investment