July 23, 2024
mayank
Navi Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.6542
Weekly NAVIDCW: Rs 10.0042
Monthly NAV IDCW: Rs 10.0527
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 by investing in debt and money market instruments with overnight securities having maturity of 1 day.
Fund Manager:
1) Tanmay Sethi
Education: Mr. Sethi has done B.Com and CA
Experience: Prior to joining Navi Mutual Fund, he has worked with HDFC Mutual Fund
Investment Details
| Min. Investment (Rs) | 10 |
| Min. Addl Investment (Rs) | 10 |
| Min. SIP Investment (Rs) | 10 |
| Min. Withdrawal (Rs) | 10 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Navi Overnight Fund
| Fund House | Navi Mutual Fund |
| Launch Date | 17-Jul-23 |
| Return Since Launch | 6.43% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 12 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.05% |
| (As on 30-Jun-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Navi Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Navi Overnight Dir | 3.44 | 0.02 | 0.52 | 1.44 | 3.04 | 6.40 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 2.62 | 0.00 | 0.41 | 1.24 | 2.34 | 4.55 | — | — | — | — |
| Debt: Overnight | 3.71 | 0.02 | 0.53 | 1.62 | 3.29 | 6.80 | — | — | — | — |
| Rank within category | 35 | 35 | 33 | 35 | 35 | 34 | — | — | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 35 | 34 | 27 | 18 | 2 | 2 |
Peer Comparison of Navi 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 | |
| Navi Overnight Dir | Unrated | 6.40 | — | — | 0.05 | 12 | 6.43 | — | 1Y |
| ABSL Overnight Dir | 4 star | 6.82 | 5.54 | 4.80 | 0.08 | 7,918 | 4.99 | — | 5Y 8M |
| Nippon India Overnight Dir | 4 star | 6.83 | 5.55 | 4.82 | 0.08 | 7,559 | 4.97 | — | 5Y 7M |
| Axis Overnight Dir | 5 star | 6.84 | 5.56 | 4.82 | 0.05 | 7,225 | 4.90 | — | 5Y 4M |
| Kotak Overnight Dir | 4 star | 6.80 | 5.53 | 4.79 | 0.08 | 5,778 | 4.91 | — | 5Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 3 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Navi Overnight Fund
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