December 15, 2022
mayank
WhiteOak Capital Overnight Fund
NAV Growth: Rs 1,130.5820
NAV IDCW Monthly: Rs 1,006.7806
NAV IDCW Fortnightly: Rs 1,007.9451
NAV IDCW Daily: Rs 1,000.3979
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 in overnight securities having maturity of 1 business day.
Fund Manager:
1) Piyush Baranwal
Education: Mr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.
Experience: Prior to joining YES Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | WhiteOak Capital Mutual Fund |
| Launch Date | 23-Aug-19 |
| Return Since Launch | 3.77% |
| Benchmark | CRISIL Overnight Fund AI Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 14 Cr |
| (As on 30-Nov-2022) | |
| Expense Ratio | 0.22% |
| (As on 30-Nov-2022) | |
| Risk Grade | — |
| Return Grade | Low |
WhiteOak Capital Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| WhiteOak Capital Overnight Dir | 4.31 | 0.02 | 0.47 | 1.48 | 2.71 | 4.47 | 3.62 | — | — | — |
| CCIL T Bill Liquidity Weight | 2.34 | 0.02 | 0.37 | 0.85 | 1.60 | 2.46 | 2.55 | — | — | — |
| Debt: Overnight | 4.39 | 0.02 | 0.48 | 1.45 | 2.71 | 4.56 | 3.73 | — | — | — |
| Rank within category | 26 | 31 | 30 | 1 | 17 | 27 | 26 | — | — | — |
| Number of funds in category | 28 | 33 | 32 | 31 | 29 | 28 | 26 | 2 | 2 | 0 |
WhiteOak Capital Overnight Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| WhiteOak Capital Overnight Dir | 1 star | 4.47 | 3.62 | — | 0.22 | 14 | 3.77 | — | 3yrs 3mo |
| ABSL Overnight Dir | 4 star | 4.57 | 3.74 | — | 0.08 | 10,684 | 4.32 | — | 4yrs 1mo |
| Nippon Ind Overnight Dir | 4 star | 4.59 | 3.76 | — | 0.07 | 9,853 | 4.27 | — | 3yrs 12mo |
| Axis Overnight Dir | 4 star | 4.60 | 3.76 | — | 0.05 | 8,902 | 4.12 | — | 3yrs 9mo |
| HSBC Overnight Dir | 5 star | 4.60 | 3.79 | — | 0.11 | 4,592 | 4.03 | — | 3yrs 6mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 2 |
| Modified Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | — | 5.68 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For WhiteOak Capital Overnight Fund
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