February 10, 2025
mayank
Helios Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,087.8513
NAV IDCW Daily: Rs 1,000.0000
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 seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo.
Fund Manager:
1) Alok Bahl
Education: Mr. Bahl has done B.Com, PG Diploma in Financial Management and PG Certificate in Business Management from XLRI Jamshedpur
Experience: He has over 32 years of work experience in the areas of investment. He has been a part of Helios Group since its inception in 2005. Prior to joining Helios Group, he has worked in India with various sell side firms in sales for over 14 years.
2) Utssav Modi
Education: Mr. Modi has done B.Com and CFA
Experience: Prior to joining Helios AMC, he was with Groww Mutual Fund, Phronesis Capital Ltd, Almondz Global Securities Co. Ltd., A. K. Capital, LKP Securities Ltd. and Karvy Stock Broking Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Helios Overnight Fund
| Fund House | Helios Mutual Fund |
| Launch Date | 25-Oct-2023 |
| Return Since Launch | 6.72% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 146 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.13% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Helios Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Helios Overnight Dir | 0.67 | 0.02 | 0.54 | 1.64 | 3.26 | 6.62 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.03 | 0.50 | 1.17 | 2.39 | 4.89 | — | — | — | — |
| Debt: Overnight | 0.68 | 0.02 | 0.55 | 1.64 | 3.28 | 6.68 | — | — | — | — |
| Rank within category | 30 | 29 | 31 | 23 | 29 | 30 | — | — | — | — |
| Number of funds in category | 34 | 34 | 34 | 34 | 34 | 34 | 28 | 27 | 2 | 2 |
Peer Comparison of Helios 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 | |
| Helios Overnight Dir | Unrated | 6.62 | — | — | 0.13 | 146 | 6.72 | — | 1Y 3M |
| Axis Overnight Dir | 5 star | 6.74 | 6.18 | 4.99 | 0.05 | 8,869 | 5.07 | — | 5Y 10M |
| Nippon India Overnight Dir | 4 star | 6.72 | 6.17 | 4.99 | 0.08 | 6,970 | 5.12 | — | 6Y 1M |
| Tata Overnight Dir | 4 star | 6.73 | 6.15 | 4.97 | 0.06 | 3,299 | 5.05 | — | 5Y 10M |
| HSBC Overnight Dir | 4 star | 6.71 | 6.15 | 4.98 | 0.06 | 3,087 | 5.01 | — | 5Y 8M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 4 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 6.67 | 6.65 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Helios Overnight Fund
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