Data as on 31st May 2024


  • Fund Type : An open ended debt scheme investing in overnight securities. A Relatively Low Interest Rate Risk and A Relatively Low Credit Risk.
    Entry Load : NA
    Date of Allotment : January 28, 2020
    Features : Liquity SIP SWP STP
  • Benchmark :
    CRISIL Liquid Overnight Index
    Exit Load :

Investment Objective

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns.

Fund Manager

  • Mr. Mithraem Bharucha

    BMS and MBA

    Alok singh
    See detail

Fund Highlights

Advantages of an Overnight Fund:

  • High Liquidity: Fund stands to provides highest liquidity within the Fixed Income mutual Fund Product segment with redemption on T+1 basis
  • No Lock in Period and No Exit Load: It offers overnight liquidity without any exit load
  • Lowest Risk Fund: This Fund category has lowest mark to market risk and lowest credit default risk
  • Stable returns: Fund is positioned to deliver consistent returns compared to other Fixed Income instruments
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  • Click here for SID


Scheme Riskometer:

The above Riskometer is based on the portfolio as on May, 2024.

This product is suitable for investors who are seeking*:

  • Income over short term with low risk and high liquidity
  • Investments in overnight securities having residual maturity of 1 business day.

Benchmark Riskometer: CRISIL Liquid Overnight Index:

Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI as on October 31, 2021.

Potential Risk Class Matrix
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest rate Risk
Relatively Low (Class I) A-I
Moderate (Class II)
Relatively High (Class III)

Note: Annualized data for returns and Standard deviation as of Jan 16, 2019

  • Scheme
  • Benchmark

Fund Performance

Performance(Regular Plan – Growth)

Period Scheme Benchmark
1 yr 6.9 % 6.9 %
3 yrs 5.4 % 5.4 %

IDCW History (Regular Plan - Annual Dividend)

Record Date IDCW (`/Unit)
30-June-2021 2.90651261
30-June-2021 2.9065
29-July-2021 2.45378151
29-July-2021 2.45378151