SBI Overnight Fund Regular Dividend Weekly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 01 Oct 2002. R Arun is the Current Fund Manager of SBI Overnight Fund Regular Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹2,115 Cr and the Latest NAV as of 21 Aug 2019 is ₹1031.8.
The SBI Overnight Fund Regular Dividend Weekly is rated Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments.
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