3 Year return

5.43%
Launched on March 2019 (5 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹3907.6 Cr.

Expense Ratio

0.06% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2

Ratings by other agencies

3
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

Tata Mutual Fund Managers

AS

Amit Somani

Fund Manager since Jan 2023

View Details

Fund House Details

Tata Mutual Fund

Tata Mutual Fund Asset management company

AUM ₹147,271.50 Cr.
No. of Schemes 162
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Tata Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Growth

14.52%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Payout of IDCW Payout

14.52%
6.42%

About TATA Overnight Fund Direct Plan Growth

The TATA Overnight Fund Direct Plan Growth is an overnight fund managed by TATA Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. Overnight funds invest in debt securities that mature on the next day. These funds offer a very low risk of capital loss and are suitable for investors who are looking for preservation of capital. The TATA Overnight Fund Direct Plan Growth invests in a diversified portfolio of overnight debt securities. The fund aims to generate income by investing in these securities.

Investment Objectives of the Scheme

The investment objective of the TATA Overnight Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of overnight debt securities. The fund will invest at least 99% of its assets in overnight debt securities.

Key Features of The Fund

5-year return 4.79%
Expense Ratio 0.06%
Fund Manager Amit Somani
Fund Size ₹3907.6 Cr
Risk Profile Low

Is This Scheme Right for Me?

The TATA Overnight Fund Direct Plan Growth is a good option for investors who are looking for preservation of capital. The fund offers a very low risk of capital loss and is suitable for investors who need to access their money in the very short term. However, the fund is not suitable for investors who are looking for high returns. The fund's investment objective is to generate income, which means that you may not see significant returns in the short term.

AMC Contact Details

Name Tata Mutual Fund
Launch Date March 1994
Addresss Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai – 400 001 Maharashtra
Contact (022) 6282 7777
Email service@tataamc.com
Website https://www.tatamutualfund.com/

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

Invest With Confidence, Choose the Right SIP

Assess your risk tolerance through a straightforward questionnaire and craft a SIP plan that aligns perfectly with your financial aspirations. With a clear understanding of your risk appetite, you can make informed investment choices tailored to your unique circumstances. By striking the right balance, you'll pave the way for long-term financial stability and success. Use our SIP return calculator for aid.

FAQs

What is today's NAV of TATA 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 TATA Overnight Fund Jun 22 2024 is 1282.1115

What is the AUM of TATA 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 TATA Overnight Fund is 3907.6 crore.

What is the expense ratio of TATA 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 TATA Overnight Fund is 0.06%

What are the returns of TATA Overnight Fund since inception?

The TATA Overnight Fund was launched on Mar 25 2019. The fund has delivered a CAGR of 4.85 since inception.

What is the minimum SIP amount to invest in TATA 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 TATA Overnight Fund is 500.

How do I invest in TATA 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 TATA 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 TATA 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 TATA 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.