Axis Overnight Fund - Regular Plan - Growth Option
Fund House: Axis Mutual Fund| Category: Debt: Overnight |
| Launch Date: 01-03-2019 |
| Asset Class: Fixed Income |
| Benchmark: NIFTY 1D Rate TRI |
| TER: 0.11% As on (30-06-2024) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 9,094.62 Cr As on (30-06-2024) |
| Turn over: - | Exit Load: Nil |
1287.1713
0.22 (0.0171%)
4.83%
Benchmark: 6.36%
PERFORMANCE
Returns Type:
of :
Start :
End :
Period:
This Scheme
-
vs
Nifty 1D Rate Index
-
Gold
-
PPF
-
Returns Type:
of :
Period:
Start :
Period:
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months
Investment Objective
The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 0.43 |
| Sharpe Ratio | -0.31 |
| Alpha | 1.47 |
| Beta | 0.8 |
| Yield to Maturity | 6.69 |
| Average Maturity | 0.01 |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| Axis Overnight Fund - Regular Plan - Growth Option | 01-03-2019 | 6.8 | 6.47 | 5.49 | 4.77 | - |
| Quant Overnight Fund - Growth Option - Regular Plan | 05-12-2022 | 7.2 | - | - | - | - |
| BANK OF INDIA Overnight Fund Regular Plan Growth | 05-01-2020 | 6.87 | 6.55 | 5.57 | - | - |
| Invesco India Overnight Fund - Regular Plan - Growth | 01-01-2020 | 6.78 | 6.44 | 5.45 | - | - |
| UTI - Overnight Fund - Regular Plan - Growth Option | 09-12-2003 | 6.77 | 6.45 | 5.46 | 4.74 | 5.88 |
| Bajaj Finserv Overnight Fund - Regular Plan - Growth | 05-07-2023 | 6.75 | - | - | - | - |
| Mirae Asset Overnight Fund Regular Plan Growth | 15-10-2019 | 6.75 | 6.42 | 5.45 | - | - |
| ICICI Prudential Overnight Fund - Growth | 05-11-2018 | 6.75 | 6.4 | 5.42 | 4.69 | - |
| Nippon India Overnight Fund - Regular Plan - Growth Option | 03-12-2018 | 6.74 | 6.41 | 5.43 | 4.72 | - |
| DSP Overnight Fund - Regular Plan - Growth | 05-01-2019 | 6.74 | 6.42 | 5.44 | 4.76 | - |
Scheme Characteristics
Investment in overnight securities having maturity of 1 day.
Riskometer
PORTFOLIO
Market Cap Distribution
Others
100.0%
