Debt
Direct
Overnight
NAV as on 06-09-2024
₹ 4006.47
Inception Returns
6.2%
/yr
SBI Overnight Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by R. Arun. This fund is suitable to keep your money safe.
SBI Overnight Fund Direct Growth has given a CAGR return of 6.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.77%, 5.65% and 4.80% respectively.
SBI Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 182 DTB 22082024, 182 DTB 29082024
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 provide the investors an opportunity to invest in overnight securities maturing on the next business day
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 2000.00. SBI Overnight Fund Direct Growth has no lock in period.
Expense ratio | 0.07% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹16969 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹2000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 19.7% |
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)
Top Sector in July was Government
SBI Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 3.31% | 3.31% |
1 Year Returns | 6.77% | 6.77% |
3 Years Returns | 17.92% | 5.65% |
5 Years Returns | 26.44% | 4.8% |
AAA | 100 |