March 18, 2024
mayank
DSP Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,279.2757
Daily NAV IDCW: Rs 1,000.0051
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 returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
Fund Manager:
1) Kedar Karnik
Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.
Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| 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
| Fund House | DSP Mutual Fund |
| Launch Date | 09-Jan-19 |
| Return Since Launch | 4.86% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 2,902 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.06% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of DSP Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Overnight Dir | 1.36 | 0.02 | 0.52 | 1.66 | 3.38 | 6.82 | 5.12 | 4.80 | — | — |
| CCIL T Bill Liquidity Weight | 0.98 | 0.03 | 0.40 | 1.15 | 2.27 | 4.77 | 3.23 | 3.28 | — | — |
| Debt: Overnight | 1.36 | 0.02 | 0.52 | 1.66 | 3.37 | 6.79 | 5.10 | 4.74 | — | — |
| Rank within category | 9 | 25 | 17 | 9 | 7 | 4 | 8 | 1 | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 34 | 32 | 27 | 9 | 2 | 2 |
Peer Comparison of DSP 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 | |
| DSP Overnight Dir | 4 star | 6.82 | 5.12 | 4.80 | 0.06 | 2,902 | 4.86 | — | 5Y 2M |
| Axis Overnight Dir | 5 star | 6.83 | 5.14 | — | 0.05 | 10,499 | 4.77 | — | 5Y |
| Kotak Overnight Dir | 4 star | 6.81 | 5.11 | 4.74 | 0.08 | 7,189 | 4.79 | — | 5Y 2M |
| ABSL Overnight Dir | 4 star | 6.81 | 5.12 | 4.75 | 0.08 | 6,474 | 4.87 | — | 5Y 4M |
| Nippon India Overnight Dir | 4 star | 6.82 | 5.13 | 4.77 | 0.08 | 5,745 | 4.85 | — | 5Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 3 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | 6.71 | 6.68 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in DSP Overnight Fund?
Chanakya’s Mutual Fund Guidance For DSP Overnight Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
>> 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
Quicklinks
https://sahifund.com/aditya-birla-sun-life-overnight-fund/