May 6, 2025
mayank
DSP Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,375.4634
Daily NAV IDCW: Rs 1,000.0099
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) Karan Mundhra
Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)
Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
2) Shalini Vasanta
Education: Mr. Vasanta has done BA and MBA (Finance)
Experience: Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst
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 of DSP Overnight Fund
| Fund House | DSP Mutual Fund |
| Launch Date | 09-Jan-19 |
| Return Since Launch | 5.17% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 1,367 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.08% |
| (As on 31-Mar-2025) | |
| 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 | 2.16 | 0.02 | 0.48 | 1.50 | 3.18 | 6.57 | 6.38 | 5.10 | — | — |
| CCIL T Bill Liquidity Weight | 1.92 | 0.02 | 0.47 | 1.36 | 2.55 | 5.12 | 4.35 | 3.45 | — | — |
| Debt: Overnight | 2.14 | 0.02 | 0.48 | 1.49 | 3.16 | 6.55 | 6.35 | 5.08 | — | — |
| Rank within category | 17 | 20 | 17 | 19 | 17 | 16 | 6 | 7 | — | — |
| Number of funds in category | 34 | 35 | 34 | 34 | 34 | 34 | 28 | 27 | 3 | 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 | 6.57 | 6.38 | 5.10 | 0.08 | 1,248 | 5.17 | — | 6Y 3M |
| Axis Overnight Dir | 5 star | 6.62 | 6.41 | 5.12 | 0.05 | 6,348 | 5.12 | — | 6Y 1M |
| ABSL Overnight Dir | 4 star | 6.58 | 6.38 | 5.10 | 0.05 | 5,253 | 5.17 | — | 6Y 6M |
| Nippon India Overnight Dir | 4 star | 6.61 | 6.39 | 5.11 | 0.08 | 4,738 | 5.17 | — | 6Y 4M |
| Kotak Overnight Dir | 4 star | 6.58 | 6.38 | 5.09 | 0.08 | 3,499 | 5.12 | — | 6Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 4 |
| Macaulay Duration (yrs) | — | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 7.07 | 6.94 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For DSP Overnight Fund
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