Widely used:
Analyst’s Choice
Value Research Rating
Analyst’s Choice
Riskometer
Low
₹131.6990 0.02%
As on 13-Aug-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Nippon India Overnight Fund - Direct Plan
|
|
|
Low
|
Please wait... |
0.08 |
|
 |
|
Low
|
Please wait... |
0.05 |
||
|
|
Low
|
Please wait... |
0.08 |
||
|
|
Low
|
Please wait... |
0.08 |
||
|
|
Low
|
Please wait... |
0.06 |
₹9,114 Cr
--
100
100
100
60
Investment Strategy
The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity.
Suitability
"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."
Capital Gains Taxation
Dividend Taxation
Nippon India Overnight Fund - Direct Plan is mandated to invest in bonds having a maturity of just one day.
Mutual funds can be bought directly from the website of the fund house. For instance, Nippon India Overnight Fund - Direct Plan fund can be purchased from the website of Nippon India Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Nippon India Overnight Fund - Direct Plan is ₹131.6990 as of 14-Aug-2024.
The AUM of Nippon India Overnight Fund - Direct Plan Fund is ₹9,114 Cr as of 31-Jul-2024
The riskometer level of Nippon India Overnight Fund - Direct Plan is Low. See More
| Company | Percentage of Portfolio |
|---|---|
|
Reserve Bank of India T-Bills 91-D 02/08/2024 |
1.26
|
|
Reserve Bank of India T-Bills 91-D 08/08/2024 |
1.26
|
|
Reserve Bank of India T-Bills 182-D 15/08/2024 |
1.15
|
|
Reserve Bank of India T-Bills 364-D 22/08/2024 |
1.09
|
|
Reserve Bank of India T-Bills 182-D 22/08/2024 |
0.60
|
As of 31-Jul-2024, Nippon India Overnight Fund - Direct Plan had invested 89.87% in Cash & Cash Eq. and 10.13% in Debt See More
Nippon India Overnight Fund - Direct Plan is 5 years 8 months old. It has delivered 4.99% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
6.84%
|
5.62%
|
4.83%
|
--
|
--
|
4.99%
|
No, There is no lock in period in Nippon India Overnight Fund - Direct Plan.
The expense ratio of Nippon India Overnight Fund - Direct Plan is 0.08.
Mutual Funds 
Nippon India Nippon India Overnight Fund - Direct Plan
