January 29, 2024
mayank
Aditya Birla (ABSL) Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,280.4025
NAV IDCW Weekly: Rs 1,001.6890
Monthly NAV IDCW: Rs 1,005.5238
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 reasonable income through investments in debt securities, Money Market Instruments & CBLO/Tri-party Repo having maturity of 1 day.
Fund Manager:
1) Kaustubh Gupta
Education: Mr. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Overnight Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Nov-18 |
| Return Since Launch | 4.82% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 8,190 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.08% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of Aditya Birla Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Overnight Dir | 0.46 | 0.02 | 0.57 | 1.70 | 3.40 | 6.75 | 4.95 | 4.74 | — | — |
| CCIL T Bill Liquidity Weight | 0.33 | 0.05 | 0.41 | 1.23 | 2.22 | 4.50 | 3.10 | 3.28 | — | — |
| Debt: Overnight | 0.46 | 0.02 | 0.57 | 1.70 | 3.40 | 6.73 | 4.93 | 4.73 | — | — |
| Rank within category | 21 | 18 | 19 | 19 | 16 | 9 | 8 | 3 | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 34 | 32 | 27 | 9 | 2 | 2 |
Peer Comparison of Aditya Birla (ABSL) 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 | |
| ABSL Overnight Dir | 4 star | 6.75 | 4.95 | 4.74 | 0.08 | 8,190 | 4.82 | — | 5Y 2M |
| Axis Overnight Dir | 5 star | 6.77 | 4.97 | — | 0.05 | 8,564 | 4.72 | — | 4Y 10M |
| Nippon Ind Overnight Dir | 4 star | 6.77 | 4.96 | 4.76 | 0.08 | 6,669 | 4.80 | — | 5Y 1M |
| Kotak Overnight Dir | 4 star | 6.76 | 4.95 | 4.72 | 0.08 | 5,946 | 4.74 | — | 5Y |
| DSP Overnight Dir | 4 star | 6.76 | 4.95 | 4.79 | 0.06 | 2,796 | 4.81 | — | 5Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 3 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 6.83 | 6.83 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Aditya Birla Overnight Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Overnight Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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