April 22, 2025
RA Jainee
Bandhan Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,366.4152
Weekly NAV IDCW: Rs 1,000.6514
Monthly NAV IDCW: Rs 1,004.7298
NAV IDCW: Rs 1,244.9996
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 offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
Fund Manager:
1) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (RS) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (RS) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Overnight Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 18-Jan-19 |
| Return Since Launch | 5.11% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 667 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.05% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
| Return Grade | Average |
Trailing Returns (%) of Bandhan Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Overnight Dir | 1.93 | 0.02 | 0.52 | 1.55 | 3.21 | 6.61 | 6.34 | 5.06 | — | — |
| CCIL T Bill Liquidity Weight | 1.75 | 0.10 | 0.75 | 1.44 | 2.54 | 5.17 | 4.28 | 3.45 | — | — |
| Debt: Overnight | 1.92 | 0.02 | 0.52 | 1.54 | 3.20 | 6.58 | 6.32 | 5.06 | — | — |
| Rank within category | 15 | 12 | 18 | 16 | 18 | 14 | 12 | 15 | — | — |
| Number of funds in category | 34 | 35 | 34 | 34 | 34 | 34 | 28 | 27 | 2 | 2 |
Peer Comparison of Bandhan 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 | |
| Bandhan Overnight Dir | 4 star | 6.61 | 6.34 | 5.06 | 0.05 | 667 | 5.11 | — | 6Y 3M |
| Axis Overnight Dir | 5 star | 6.65 | 6.38 | 5.10 | 0.05 | 6,348 | 5.11 | — | 6Y 1M |
| ABSL Overnight Dir | 4 star | 6.61 | 6.35 | 5.07 | 0.05 | 5,253 | 5.17 | — | 6Y 5M |
| Nippon India Overnight Dir | 4 star | 6.64 | 6.36 | 5.09 | 0.08 | 4,738 | 5.16 | — | 6Y 4M |
| Kotak Overnight Dir | 4 star | 6.61 | 6.35 | 5.07 | 0.08 | 3,499 | 5.11 | — | 6Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | — | 0.07 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Bandhan Overnight Fund
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