April 14, 2025
mayank
Axis Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,354.1293
Weekly NAV IDCW: Rs 1,001.6737
NAV IDCW Monthly: Rs 1,004.1913
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 provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Fund Manager:
1) Hardik Satra
Education: Mr. Satra is a MBA (Financial Planning and Services)
Experience: Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.
2) Sachin Jain
Education: Mr. Jain is a B.Tech, AGMP (Management)
Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Overnight Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 15-Mar-19 |
| Return Since Launch | 5.11% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 6,348 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.05% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | High |
Trailing Returns (%) of Axis Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Overnight Dir | 1.79 | 0.02 | 0.55 | 1.59 | 3.26 | 6.67 | 6.36 | 5.08 | — | — |
| CCIL T Bill Liquidity Weight | 1.56 | 0.08 | 0.63 | 1.41 | 2.45 | 5.02 | 4.23 | 3.45 | — | — |
| Debt: Overnight | 1.76 | 0.02 | 0.53 | 1.56 | 3.22 | 6.59 | 6.30 | 5.04 | — | — |
| Rank within category | 2 | 9 | 2 | 2 | 2 | 3 | 2 | 3 | — | — |
| Number of funds in category | 34 | 35 | 34 | 34 | 34 | 34 | 28 | 27 | 2 | 2 |
Peer Comparison of Axis 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 | |
| Axis Overnight Dir | 5 star | 6.67 | 6.36 | 5.08 | 0.05 | 6,348 | 5.11 | — | 6Y |
| ABSL Overnight Dir | 4 star | 6.63 | 6.33 | 5.06 | 0.05 | 5,253 | 5.17 | — | 6Y 5M |
| Nippon India Overnight Dir | 4 star | 6.65 | 6.34 | 5.07 | 0.08 | 4,738 | 5.16 | — | 6Y 3M |
| Kotak Overnight Dir | 4 star | 6.63 | 6.33 | 5.05 | 0.08 | 3,499 | 5.11 | — | 6Y 2M |
| HSBC Overnight Dir | 4 star | 6.63 | 6.33 | 5.06 | 0.06 | 2,086 | 5.06 | — | 5Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 6 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 6.30 | 6.92 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Axis Overnight Fund
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