Fund Performance
Lumpsum
SIP
4.67
as on 10 Dec 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,467 today.
NAV Performance
Fund Information
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₹ 1,244.451
as on 10 Dec 2023 -
Regular - Growth
-
-
-
₹ 5,000
-
₹ 1,375 Cr.
as on 31 Jul 2020 -
0.16%
-
18 Jan 2019
-
CRISIL 10 Year Gilt Index
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IDFC Mutual Fund
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Highlights of this fund
IDFC Overnight Fund is an Open-ended Debt Fund. The fund belongs to Overnight Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 18 Jan 2019. This fund is offered by one of the top AMC (Assets Management Company) IDFC Mutual Fund. You can also view here all other Debt funds offered by IDFC Mutual Fund.
Latest NAV of the fund is ₹ 1,244.451 as on 10 Dec 2023.
This fund has 4 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.16%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund Objective
The Fund seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
List of Fund Managers of IDFC Overnight Fund
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About Brijesh Shah
Mr. Brijesh Shah is Deputy Manager - Fund Management at IDFC Asset Management Company Limited. Mr. Shah has an experience of 10 years in Fixed Income market. He has been associated with IDFC AMC since August 2015 as part of Fixed Income team. Prior to that he was associated with IDBI Asset Management Ltd. - Dealing in Fixed income (Jan. 2013 to Aug. 2015). Prior to the same, he was associated with India Bulls Asset Management Ltd. - Dealing in Fixed income (Jun. 2011 to Dec. 2012). Prior to the same, he was associated with Mata Securities - Relationship Manager, Wholesale Debt Market (Jun. 2010 to Jun. 2011). Prior to that, he was associated with Twenty First Century - Relationship Manager, Wholesale Debt Market (Jan. 2009 to May 2010). He holds a Post Graduate Diploma in Finance.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Low Risk
Fund Return Comparison
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.15% | 0.58% | 1.71% | 3.41% | 6.76% | 5.65% | 4.82% | 4.66% | 5.96% | 6.81% | 6.31% | 5.64% | 4.86% | 5.26% |
| Category Average | 0.12% | 0.53% | 1.60% | 3.17% | 6.21% | 5.20% | 4.56% | 4.54% | 5.83% | 6.65% | 6.15% | 5.46% | 4.81% | 5.18% |
| IDFC Overnight Fund | 0.13%₹ 10,012 | 0.56%₹ 10,056 | 1.66%₹ 10,165 | 3.31%₹ 10,331 | 6.57%₹ 10,657 | 6.65%₹ 12,428 | 5.49%₹ 11,127 | 6.15%₹ 25,555 | 4.67%₹ 11,467 | 5.48%₹ 39,130 | - | - | - | - |
| BOI AXA Overnight Fund | 0.13%₹ 10,012 | 0.58%₹ 10,057 | 1.69%₹ 10,169 | 3.41%₹ 10,341 | 6.76%₹ 10,676 | 6.81%₹ 12,437 | 5.65%₹ 11,162 | 6.31%₹ 25,594 | 4.82%₹ 11,515 | 5.64%₹ 39,220 | - | - | - | - |
| Axis Overnight Fund | 0.12%₹ 10,012 | 0.54%₹ 10,054 | 1.67%₹ 10,167 | 3.34%₹ 10,334 | 6.66%₹ 10,665 | 6.72%₹ 12,432 | 5.57%₹ 11,144 | 6.23%₹ 25,574 | 4.75%₹ 11,493 | 5.56%₹ 39,174 | - | - | - | - |
| Canara Robeco Overnight Fund | 0.13%₹ 10,012 | 0.56%₹ 10,056 | 1.67%₹ 10,166 | 3.34%₹ 10,333 | 6.63%₹ 10,662 | 6.67%₹ 12,429 | 5.54%₹ 11,140 | 6.19%₹ 25,564 | 4.73%₹ 11,488 | 5.54%₹ 39,159 | - | - | - | - |
| Mirae Asset Overnight Fund | 0.13%₹ 10,012 | 0.55%₹ 10,054 | 1.71%₹ 10,170 | 3.34%₹ 10,333 | 6.63%₹ 10,663 | 6.68%₹ 12,429 | 5.53%₹ 11,136 | 6.19%₹ 25,564 | 4.73%₹ 11,486 | 5.53%₹ 39,155 | - | - | - | - |
| Baroda Overnight Fund | 0.12%₹ 10,012 | 0.57%₹ 10,056 | 1.67%₹ 10,167 | 3.34%₹ 10,334 | 6.64%₹ 10,663 | 6.69%₹ 12,430 | 5.53%₹ 11,137 | 6.19%₹ 25,565 | 4.73%₹ 11,485 | 5.53%₹ 39,156 | - | - | - | - |
Portfolio Holdings
Top Debt Instrument Type holdings of IDFC Overnight Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| CP | 9.39% | ₹ 249.96 Cr. |
| Others | 90.61% | - |
Top Debt Holdings of IDFC Overnight Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Reliance Jio Infocomm Ltd. | 9.39% | ₹ 249.96 Cr. |
| Others | 90.61% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 53.12% |
| Reverse Repo | 37.58% |
| Margin | 0.06% |
| Net Receivables | -0.15% |