Debt
Direct
Overnight
NAV as on 07-09-2024
₹ 3371.65
Inception Returns
6.3%
/yr
UTI Overnight Fund Direct Growth is a debt fund. This fund was started on 14 January, 2013. The fund is managed by Amit Sharma. This fund is suitable to keep your money safe.
UTI Overnight Fund Direct Growth has given a CAGR return of 6.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.82%, 5.68% and 4.84% respectively.
UTI Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are 91 DTB 05092024
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.
The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of overnight securities having a maturity of one day. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. UTI Overnight Fund Direct Growth has no lock in period.
Expense ratio | 0.05% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹3097 Cr |
Inception Date | 14 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 1.48% |
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 (07-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Financial Services, Government
UTI Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 3.33% | 3.33% |
1 Year Returns | 6.82% | 6.82% |
3 Years Returns | 18.04% | 5.68% |
5 Years Returns | 26.63% | 4.84% |
AAA | 100 |