February 22, 2024
mayank
Canara Robeco Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,229.6461
NAV IDCW Daily: Rs 1,001.0012
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities.
Fund Manager:
1) Suman Prasad
Education: Ms. Prasad is B.Sc and PGDMS.
Experience: She has been associated with Canara Robeco since 1996.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 24-Jul-19 |
| Return Since Launch | 4.61% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 151 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.10% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of Canara Robeco Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Overnight Dir | 0.94 | 0.02 | 0.55 | 1.67 | 3.38 | 6.69 | 5.00 | — | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.02 | 0.36 | 1.17 | 2.35 | 4.61 | 3.12 | — | — | — |
| Debt: Overnight | 0.95 | 0.02 | 0.57 | 1.69 | 3.41 | 6.76 | 5.02 | — | — | — |
| Rank within category | 33 | 28 | 33 | 32 | 31 | 30 | 23 | — | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 34 | 32 | 27 | 9 | 2 | 2 |
Peer Comparison of Canara Robeco Overnight Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Canara Robeco Overnight Dir | 2 star | 6.69 | 6.69 | — | 0.10 | 151 | 4.61 | — | 4Y 6M |
| Nippon India Overnight Dir | 4 star | 6.79 | 6.79 | 4.76 | 0.08 | 10,780 | 4.83 | — | 5Y 2M |
| Axis Overnight Dir | 5 star | 6.80 | 6.80 | — | 0.05 | 10,433 | 4.75 | — | 4Y 11M |
| ABSL Overnight Dir | 4 star | 6.78 | 6.78 | 4.75 | 0.08 | 8,689 | 4.85 | — | 5Y 3M |
| Kotak Overnight Dir | 4 star | 6.78 | 6.78 | 4.73 | 0.08 | 8,387 | 4.77 | — | 5Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 3 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 6.71 | 6.75 |
| Avg Credit Rating | Cash | — |
How to Invest in Canara Robeco Overnight Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Overnight Fund
Apply Online: https://www.canararobeco.com/product/productlist
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