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Axis Overnight Fund Direct Growth

Aggregate Rating: 5/5
Debt Overnight
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Overview

Axis Overnight Fund Direct Growth

Axis Mutual Fund

The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.

Investments in Axis Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.

Latest NAV

₹ 1355.8541

Fund Size (AUM)

₹6348.03 Cr

Risk

Low (Risk rating: 1/10)

Minimum Investment

Lumpsum: ₹ 500

SIP: ₹1000

Launch Date

15-Mar-2019

Expense Ratio

0.05%

Exit Load

Nil

Benchmark

NIFTY 1D Rate Index

Standard Deviation

0.23

History

Performance & Ratios

1-Year SIP Return

6.61%

3-Year SIP Return

6.65%

5-Year SIP Return

5.94%

Mean Return

-

Alpha

0.95

Beta

0.46

Sharpe Ratio

0.01

Sortino Ratio

0.01

Information Ratio

8.01

Returns
1Y 3Y 5Y All Time
Fund Returns 6.65% 6.38% 5.1% 4.22%
Category Average 6.48% 6.24% 4.97% N/A
Rank Within Category 3 2 3 N/A

Holdings (6)

Company Sector Instrument Assets
Reserve Bank of India Financial T-Bills 3.46%
Reserve Bank of India Financial T-Bills 1.81%
Reserve Bank of India Financial T-Bills 1.5%
Reserve Bank of India Financial T-Bills 1.26%
Reserve Bank of India Financial T-Bills 1.02%
Reserve Bank of India Financial T-Bills 0.94%

Holdings Analysis

Peer Comparison

Peer Comparison

Fund Name AUM (₹ Cr) 1Y Return (%) 3Y Return (%) Expense Ratio (%) Rating
Axis Overnight Fund Direct Growth 6348.03 6.65 6.38 0.05 N/A
Nippon India Overnight Fund Direct Growth 4738.29 6.64 6.36 0.08 N/A
Aditya Birla Sun Life Overnight Fund Direct Growth 5253.21 6.61 6.35 0.08 N/A
DSP Overnight Fund Direct Growth 1366.7 6.6 6.35 0.08 N/A
Quant Overnight Fund Direct Growth 139.18 6.68 N/A 0.16 N/A

SIP, STP & SWP Details

Systematic Investment Plan (SIP):

SIP Not Available for investment

Systematic Transfer Plan (STP):

Frequency: MONTHLY

Dates: 1, 7, 10, 15, 25

Min Amount: ₹ 1000

Min Installments: 6

Systematic Withdrawal Plan (SWP):

Frequency: MONTHLY

Dates: 1, 5, 10, 15, 25

Min Amount: ₹ 1000

Min Installments: 6

AMC Details

Asset Management Company

Axis Mutual Fund

Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017. Axis Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.

Axis mutual fund was established in October 2009 and since then it has made a mark in the mutual fund industry. Axis mutual fund claims that the reason for it to reach the peak of success is because of the three principles they follow strictly, which is, long-term wealth creation, customer's view and long-term relationship.

Axis Mutual Fund houses more than 50 schemes, it has over 20 lac investors investing with them and is present in over 90 cities.Their main motto is to take any fund decision keeping a customer centric approach in mind. The AMC commits to keep investors at the heart of every decision.

They also believe in leveraging the equity of the brand 'Axis' and aim at building a relationship with stakeholders. Axis wants its investors to think long-term when it comes to mutual fund investing and they want their investors to optimize their money through mutual funds.

Launch Date

2009-09-04T00:00:00.357Z

Total AUM

₹ 305435.43 Cr

Address

23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013

Phone

022-24255161

Website

http://www.axismf.com

Sub Type

Gilt

Sub Type Info

Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.

Tax Impact

Returns are taxed as per your Income Tax slab.

Stamp Duty

0.005% (from July 1st, 2020)

Fund Manager Details

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Axis Overnight Fund Direct Growth

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Frequently Asked Questions

How is the overall rating calculated?

The overall rating for Axis Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.

What are the top stocks of Axis Overnight Fund Direct Growth?

The top stocks held by Axis Overnight Fund Direct Growth include Reserve Bank of India, Reserve Bank of India, Reserve Bank of India.

Which industries does Axis Overnight Fund Direct Growth invest in?

Axis Overnight Fund Direct Growth primarily invests in the following industries: Financial.

Who are the fund managers of Axis Overnight Fund Direct Growth?

The fund managers of Axis Overnight Fund Direct Growth are Sachin Jain and Hardik Satra.

How many years has the fund manager been managing Axis Overnight Fund Direct Growth?

Sachin Jain: Calculating...
Hardik Satra: Calculating...

What is the minimum investment for Axis Overnight Fund Direct Growth?

The minimum investment for Axis Overnight Fund Direct Growth is ₹500 for lumpsum investments and ₹1000 for SIPs.

What are the average 1-year returns for Axis Overnight Fund Direct Growth?

Calculating...

What are the average 3-year returns for Axis Overnight Fund Direct Growth?

Calculating...

What is the expense ratio of Axis Overnight Fund Direct Growth, and how does it compare to its category?

The expense ratio of Axis Overnight Fund Direct Growth is 0.05%. The average expense ratio for similar funds in the Debt is Calculating....