January 31, 2024
mayank
Bajaj Finserv Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,038.6703
Weekly NAV IDCW: Rs 1,033.3316
Monthly NAV IDCW: Rs 1,036.0236
Fortnightly NAV IDCW: Rs 1,033.3085
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 low risk and high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
Fund Manager:
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
2) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| 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 Bajaj Finserv Overnight Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 06-Jul-23 |
| Return Since Launch | 3.87% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 305 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.08% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bajaj Finserv Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj Finserv Overnight Dir | 0.55 | 0.02 | 0.57 | 1.70 | 3.40 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.37 | 0.05 | 0.37 | 1.16 | 2.19 | — | — | — | — | — |
| Debt: Overnight | 0.55 | 0.02 | 0.57 | 1.70 | 3.40 | — | — | — | — | — |
| Rank within category | 6 | 20 | 13 | 15 | 18 | — | — | — | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 34 | 32 | 27 | 9 | 2 | 2 |
Peer Comparison of Bajaj Finserv 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 | |
| Bajaj Finserv Overnight Dir | Unrated | — | — | — | 0.08 | 305 | 3.87 | — | 6M |
| Axis Overnight Dir | 5 star | 6.78 | 4.99 | — | 0.05 | 8,564 | 4.72 | — | 4Y 10M |
| ABSL Overnight Dir | 4 star | 6.76 | 4.97 | 4.74 | 0.08 | 8,190 | 4.83 | — | 5Y 2M |
| Nippon Ind Overnight Dir | 4 star | 6.77 | 4.97 | 4.76 | 0.08 | 6,669 | 4.81 | — | 5Y 1M |
| Kotak Overnight Dir | 4 star | 6.76 | 4.96 | 4.73 | 0.08 | 5,946 | 4.74 | — | 5Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 3 |
| Macaulay Duration (yrs) | 0.01 | — |
| Average Maturity (yrs) | 0.01 | — |
| Yield to Maturity (%) | 6.76 | 6.83 |
| Avg Credit Rating | — |
How to Invest in Bajaj Finserv Overnight Fund?
Chanakya’s Mutual Fund Guidance For Bajaj Finserv Overnight Fund
Apply Online: https://invest.bajajamc.com/mutual-fund/pan-entry or https://www.bajajamc.com/#bfl-explore-mutualfund
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