Axis Overnight Fund - Growth - Direct Plan

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  • Net Change on 26-10-2020

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Fund Overview Growth | Direct Plan

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  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

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  • 52 Week High Nav Date

Fund Objective

The investment objective of the Scheme is 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.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
NIFTY 1 Year T-Bill Index N/A N/A N/A N/A N/A N/A
Nifty 1D Rate Index 0.27 0.81 3.79 N/A N/A 5.20

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
HDFC Overnight Fund - Growth Option - Direct Plan Dec 31, 2012 3.70 5.24 5.66 0.10 19,566.05
SBI OVERNIGHT FUND - DIRECT PLAN - GROWTH Jan 01, 2013 3.73 5.28 5.77 0.11 12,932.06
UTI - Overnight Fund - Direct Plan - Growth Option Jan 01, 2013 3.78 4.98 5.98 0.06 7,024.39
L&T Overnight Fund - Direct Plan - Growth Option Jan 01, 2013 3.77 5.35 5.96 0.10 1,512.71

Fund Holdings as on 30-September-2020

  • Clearing Corporation of India Ltd

  • Corporate Bond Repo

  • Net Receivables / (Payables)

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  • Miscellaneous

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Fund Manager

  • Cash

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About Axis Overnight Fund

Scheme Analysis

Axis Overnight Fund is a Debt - Overnight Fund fund and belongs to Axis Mutual Fund. It was launched on 15-Mar-2019 and currently has an AUM of ₹5,347.45 crore. Axis Overnight Fund is benchmarked against NIFTY 1 Year T-Bill Index as primary index and Nifty 1D Rate Index as secondary index.

The NAV of Axis Overnight Fund ended up ₹0.09(0.01%)yesterday to ₹1074.0437.

Among its top 3 holdings the fund has exposure to Clearing Corporation of India Ltd, Corporate Bond Repo and Net Receivables / (Payables)

The Axis Overnight Fund is managed by Aditya Pagaria .

Fund House Contact

Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025

022-43255161
022-43255199
www.axismf.com