Bandhan Overnight Fund§ Liquidity Bucket

An open-ended Debt Scheme investing in overnight securities. A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

31st July 2023

Bandhan Overnight Fund§

An open-ended Debt Scheme investing in overnight securities. A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

Liquidity Bucket
31st July 2023

About the Fund:The fund aims to generate short term optimal returns in line with overnight rates.
Category: Overnight
Monthly Avg AUM : ₹ 1,152.68 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 1,159.76 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 18 January 2019
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Brijesh Shah (w.e.f. 1st February 2019)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

0.15%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

1 Day
Average Maturity 1 Day
Macaulay Duration 1 Day
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

6.40%
Total Expense Ratio
Regular0.16%
Direct0.06%
Benchmark: Nifty 1D Rate Index
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Growth, IDCW@ - Daily (Reinvestment), Weekly (Reinvestment), Monthly IDCW@ & Periodic (Reinvestment, Payout and Sweep facility).
Exit Load: Nil
NAV (₹) as on July 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 1215.4069
Regular Plan IDCW@ Daily 1000.0030
Regular Plan IDCW@ Weekly 1001.4543
Regular Plan IDCW@ Monthly 1000.5269
Regular Plan IDCW@ Periodic 1112.0801
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


Name Rating % of NAV
91 Days Tbill (MD 24/08/2023) SOV 2.15%
Treasury Bill Total 2.15%
Clearing Corporation of India Ltd 97.16%
TRI Party Repo Total 97.16%
Net Current Asset 0.69%
Grand Total 100.00%




The scheme has been in existence for more than 1 year but less than 5 years.
Performance based on NAV as on 31/07/2023. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.
*Inception Date of Regular Plan - Growth Jan 18, 2019.



Scheme risk-o-meter

Investors understand that their principal will be at Low risk

This product is suitable for investors who are seeking*

  • To generate short term optimal returns in line with overnight rates and high liquidity.
  • To invest in money market and debt instruments, with maturity of 1 day.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Benchmark risk-o-meter

Nifty 1D Rate Index



§With effect from 13th March 2023, the name of "IDFC Overnight Fund" has changed to "Bandhan Overnight Fund".
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2021/683 dated December 10, 2021 ("the Circular"), SEBI has notified that with respect to the margin or collateral requirement for execution of certain transactions, overnight funds can deploy not exceeding 5% of the net assets of the scheme in Government Securities and/or Treasury bills with a residual maturity of upto 30 days for the purpose of placing the same as margin and collateral for certain transactions.