Debt
Direct
Overnight
NAV as on 06-09-2024
₹ 10.73
Inception Returns
6.3%
/yr
Navi Overnight Fund Direct Growth is a debt fund. This fund was started on 18 July, 2023. The fund is managed by . This fund is suitable to keep your money safe.
Navi Overnight Fund Direct Growth has given a CAGR return of 6.35% since inception. Over the last 1 year the fund has given a CAGR return of 6.37%.
Navi Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
To generate returns by investing in debt and money market instruments with overnight securities having maturity of 1 day. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Minimum investment for lump sum payment is INR 10.00 and for SIP is INR 10.00. Navi Overnight Fund Direct Growth has no lock in period.
Expense ratio | 0.05% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹10 Cr |
Inception Date | 18 July, 2023 |
Min Lumpsum/SIP | ₹10/₹10 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 0% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Navi Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.48% | 0.48% |
6 Month Returns | 3% | 3% |
1 Year Returns | 6.37% | 6.37% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |