March 12, 2024
mayank
Helios Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,025.9407
NAV IDCW Daily: Rs 1,000.1133
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 seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo.
Fund Manager:
1) Alok Bahl
2) Utssav Modi
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Helios Mutual Fund |
| Launch Date | 25-Oct-23 |
| Return Since Launch | 2.59% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 84 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.10% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Helios Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Helios Overnight Dir | 1.28 | 0.02 | 0.52 | 1.65 | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.91 | 0.01 | 0.38 | 1.23 | — | — | — | — | — | — |
| Debt: Overnight | 1.29 | 0.02 | 0.52 | 1.66 | — | — | — | — | — | — |
| Rank within category | 27 | 16 | 23 | 24 | — | — | — | — | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 34 | 32 | 27 | 9 | 2 | 2 |
Peer Comparison of Helios 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 | |
| Helios Overnight Dir | Unrated | — | — | — | 0.10 | 84 | 2.59 | — | 4M |
| Axis Overnight Dir | 5 star | 6.83 | 5.13 | — | 0.05 | 10,499 | 4.77 | — | 4Y 11M |
| Kotak Overnight Dir | 4 star | 6.79 | 5.10 | 4.74 | 0.08 | 7,189 | 4.79 | — | 5Y 1M |
| ABSL Overnight Dir | 4 star | 6.80 | 5.11 | 4.75 | 0.08 | 6,474 | 4.87 | — | 5Y 4M |
| Nippon India Overnight Dir | 4 star | 6.82 | 5.11 | 4.77 | 0.08 | 5,745 | 4.85 | — | 5Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 3 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 6.73 | 6.75 |
| Avg Credit Rating | Cash | — |
How to Invest in Helios Overnight Fund?
Chanakya’s Mutual Fund Guidance For Helios Overnight Fund
Apply Online: https://www.heliosmf.in/
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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https://www.youtube.com/c/ChanakyaNiPothi
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https://t.me/chanakyaMFGuidance
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