3 Year return

5.43%
Launched on March 2019 (5 years)

Investment Details

₹1000

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹9383.44 Cr.

Expense Ratio

0.05% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
5

Ratings by other agencies

4
0
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Axis Mutual Fund Managers

AP

Aditya Pagaria

Fund Manager since Mar 2019

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 248
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Overnight Fund Direct Plan Growth

Axis Overnight Fund Direct Plan Growth is managed by Axis Asset Management Company (AMC), a well-known name in the mutual fund industry. This fund falls under the category of debt funds.

Investment Objectives of the Scheme

The Axis Overnight Fund Direct Plan Growth fund aims to provide reasonable returns with very low interest rate risk and high liquidity. The fund invests primarily in overnight securities, which are short-term debt instruments that mature in 1 business day. This gives the fund a high level of liquidity, which means that investors can easily redeem their investments without incurring any losses.

Key Features of The Fund

5-year return 4.81%
Expense Ratio 0.05%
Fund Manager Aditya Pagaria
Fund Size ₹9383.44 Cr
Risk Profile Low

Is This Scheme Right for Me?

The Axis Overnight Fund Direct Plan Growth fund is suitable for investors who are looking for a safe and liquid investment option with low risk. The fund is also suitable for investors who need to park their money for a short period of time, such as before making a big purchase or investment. Here are some additional factors to consider before investing in the Axis Overnight Fund Direct Plan Growth fund: The fund has a low expense ratio of 0.15%. This means that a small portion of your investment will be used to pay the fund's expenses. The fund has a low volatility. This means that the value of your investment is less likely to go up and down significantly in the short term. The fund has a diversified portfolio. This means that the fund's assets are invested in a variety of securities, which can help to reduce the risk of the fund. Overall, the Axis Overnight Fund Direct Plan Growth fund is a low-risk, low-return fund that is suitable for investors who are looking for a safe and liquid investment option.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Axis Overnight Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Overnight Fund Jun 12 2024 is 1283.2115

What is the AUM of Axis Overnight Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Overnight Fund is 9383.44 crore.

What is the expense ratio of Axis Overnight Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Overnight Fund is 0.05%

What are the returns of Axis Overnight Fund since inception?

The Axis Overnight Fund was launched on Mar 07 2019. The fund has delivered a CAGR of 4.86 since inception.

What is the minimum SIP amount to invest in Axis Overnight Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Overnight Fund is 1000.

How do I invest in Axis Overnight Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Overnight Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Overnight Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Overnight Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.