Fund Features
An open ended debt scheme investing in overnight securities.
The investment objective of the Scheme is to generate regular returns in line with the overnight rates.
November 27, 2006
Mr. Jalpan Shah and Mr. Shriram Ramanathan
CRISIL Overnight Index
Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)
0.19% (As on 30th June 2020)
0.09% (As on 30th June 2020)
The above ratio includes 5 bps of additional expenses.
Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and GST on investment management fees are also being charged.
NIL
NIL
If the AMC introduces an Exit Load, a switch-out or a withdrawal under SWP or transfer under STP may also attract the applicable Exit Load like any Redemption.
No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.
No Exit Load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any
Growth and Dividend: Rs. 10,000 per application and in multiples of Re. 1 thereafter.
In case of Daily Dividend Option: Rs. 1,00,000 and in multiples of Re. 1 thereafter
Rs. 1,000 per application and thereafter in multiples of Re.1
Rs. 1,000 or 100 units
Asset Allocation
Instruments |
Indicative Allocation (% of net assets) | Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | ||
Overnight securities having maturity of 1 day* |
100% | 0% |
Low |
*instruments with residual maturity not greater than 1 business day, including money market instruments^, CBLO/ reverse repo, debt instruments^^,including floating rate instruments, with overnight maturity
^Money Market Instruments would include certificate of deposits, commercial papers, T-bills, repo, reverse repos and CBLO, bill rediscounting, bills of exchange / promissory notes and Standby Letter of Credit (SBLC) backed commercial papers or such other securities as specified by SEBI and RBI from time to time.
^^Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings, municipal corporations, body corporates, central government securities, state development loans and UDAY bonds, recapitalization bonds, municipal bonds and G-Sec repos and any other instruments as permitted by regulators from time to time.
Risk Factor
This product is suitable for investors who are seeking*
Reasonable returns with lower volatility and higher liquidity over short term
Investment in debt and money market instruments with overnight maturity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.