|Min SIP Amount||₹500|
|NAV||₹1079.17 (17 Jan 2021)|
|Fund Started||26 Mar 2019|
|Fund Size||₹1,786 Cr|
Tata Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 26 Mar 2019. Amit Somani is the Current Fund Manager of Tata Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,786 Cr and the Latest NAV as of 17 Jan 2021 is ₹1079.17.
The Tata Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.