Bandhan Overnight Fund§ Liquidity Bucket
An Open-ended Debt Scheme investing in overnight securities with Relatively Low interest rate riskand
Relatively Low Credit Risk
Bandhan Overnight Fund§
An Open-ended Debt Scheme investing in overnight securities with Relatively Low interest rate riskand
Relatively Low Credit Risk
31st December 2023
|
|
|
|
|
|
Category: Overnight
: ₹ 2,277.11 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.
: ₹ 1,461.51 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.
:
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. Sreejith Balasubramanian will be managing overseas investment portion of the scheme.
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. | 0.10% |
| Modified Duration
Modified duration is the price sensitivity and the percentage change in price for a unit change in yield | 2 Days |
| Average Maturity | 2 Days |
| Macaulay Duration | 2 Days |
| 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. | 6.80% |
| Total Expense Ratio | |
| Regular | 0.15% |
| Direct | 0.05% |
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 December 31, 2023
| Plan | Option | Freq | NAV |
| Regular Plan | Growth | - | 1249.1910 |
| Regular Plan | IDCW@ | Daily | 1000.0030 |
| Regular Plan | IDCW@ | Weekly | 1001.2969 |
| Regular Plan | IDCW@ | Monthly | 1000.5566 |
| Regular Plan | IDCW@ | Periodic | 1143.0084 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
| Name | Rating | % of NAV |
| Clearing Corporation of India Ltd | 68.42% | |
| REPO Total | 68.42% | |
| 364 Days Tbill (MD 11/01/2024) | SOV | 3.41% |
| 91 Days Tbill (MD 18/01/2024) | SOV | 1.71% |
| Treasury Bill Total | 5.12% | |
| Clearing Corporation of India Ltd | 26.50% | |
| TRI Party Repo Total | 26.50% | |
| Net Current Asset | -0.04% | |
| 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 31/12/2023. 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.
