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{
"debt": "Debt/Cash 100%",
"equity": "Equity 0%",
"ONRGG": {
"nav": "10000",
"date": "30-11-2024",
"since": {
"bajajflexi": "6.69",
"bajajsmall": "6.77",
"bajajnifty": "7.27"
},
"6_month_ago": {
"bajajflexi": "6.66",
"bajajsmall": "6.74",
"bajajnifty": "7.56"
}
},
"ONDGG": {
"nav": "10001",
"date": "30-11-2024",
"since": {
"bajajflexi": "6.74",
"bajajsmall": "6.77",
"bajajnifty": "7.27"
},
"6_month_ago": {
"bajajflexi": "6.71",
"bajajsmall": "6.74",
"bajajnifty": "7.56"
}
}
}

Fund Card

Bajaj Finserv Overnight Fund

Debt
 
Regular Growth
Direct Growth
NAV Risk Type
₹13.1234
as on 20-09-2024
Low
For -
 
Since Inception
1 Year
As on 30-09-2024
Bajaj Finserv Overnight Fund
26.48%
 
CRISIL Liquid Overnight Index
15.83%
 
CRISIL 1 Year T-Bill Index
15.83%
 
Invest Now
Summary Note
 
notifier-imgThis is a debt fund with CRISIL Liquid Overnight Index as its benchmark. The risk level for this fund is categorized as Low Risk.
Summary Dynamic Card

Total AUM

₹233.31 crores

as on 30-11-2024

Benchmark

CRISIL Liquid Overnight Index

Min. SIP Amount

₹1000

Inception Date

05-07-2023

Benefits
 

Benefits

Relatively stable returns

Overnight funds offer relatively stable returns to investors that may be marginally higher than the returns provided by a savings account.

Insta redemption

Bajaj Finserv Overnight Fund offers insta redemption, where up to Rs.50,000 or 90% of your balance, whichever is lesser, can be redeemed instantly.

Suitability for short-term goals

Overnight funds may be suitable for short-term financial goals like parking surplus funds or meeting short-term financial obligations.

Summary Investment Philosophy

Investment Objective

The scheme aims to provide reasonable returns commensurate with low risk and high level of liquidity through investments made primarily in overnight securities having maturity of 1 business day.
However, there is no assurance that the investment objective of the Scheme will be achieved.

Portfolio
 

Asset Allocation Pattern

Instruments - Debt (Including floating rate debt instruments) and money market instruments Indicative allocations - Maximum=100%, Minimum= 0%.
Risk profile - Low to moderate

Portfolio - Current Allocation

Top Holding
Top Holding
Top Holdings
No Data to Display
 
 
 
 
 
 
 
 
 
 
 
Allocation by Market Cap
No Data to Display
 
 
 
 
 
 
 
 
 
 
 
Top Sectors
No Data to Display
 
 
 
 
 
 
 
 
 
 
 
 
 
As on 30-11-2024
Top Holdings
Reverse Repo / TREPS
95.77%
6.80% GOI (MD15/12/2060)-Strips (C)-(MD15/12/2024)
2.14%
GOI Strips (MD 12/12/2024 )
2.14%
Cash & Cash Equivalent
-0.05%
 
 
 
 
Credit rating profile
Sovereign
4.28%
Reverse Repo / TREPS & Net Current Assets
95.72%
 
 
 
 
 
 
Instrument break-up
Reverse Repo / TREPS
95.77%
GOISTRPS
4.28%
Cash & Cash Equivalent
-0.05%
 
 
 
 
See All Holdings
As on 30-11-2024
Historical Returns

Historical Returns (as per SEBI format) As on 30-11-2024

Tenors CAGR Current value of ₹10,000 Invested
Since Inception 1Y Since Inception 1Y
Bajaj Finserv Overnight Fund 6.69% 6.66% 10,955 10,668
CRISIL Liquid Overnight Index 6.77% 6.74% 10,967 10,676
CRISIL 1 Year T-Bill Index 7.27% 7.56% 11,039 10,758

Disclaimer: Past performance may or may not be sustained in future.
Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Performance is provided for Regular Plan - Growth Option. Inception Date: 5th July 2023 Period for which scheme's performance has been provided is computed basis last day of the previous month preceding the date of this material.
Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized.

Key Ratios

Portfolio Parameters As on 30-11-2024

 YTM
Key Icon
 6.70%
 Average Maturity
Key Icon
 1 Day
 Macaulay Duration
Key Icon
 1 Day
 Modified Duration
Key Icon
 1 Day

YTM details should not be construed as indicative returns and the securities bought by the Fund may or may not be held till the respective maturities.

Who Should Invest/Fund Manager

Who Should Invest?

  • Institutions that want to park surplus funds overnight
  • Investors with idle cash looking to generate returns over and above current account
Fund Manager

Fund Managers

Nimesh Chandan
Chief Investment Officer
View in detail
Siddharth Chaudhary
Senior Fund Manager - Fixed Income
View in detail
Scheme Fund Details
 

Fund Details

Type of Scheme

An open ended debt scheme investing in overnight securities with relatively low interest rate risk and relatively low credit risk.

Minimum Investment

Minimum Application Amount

  • Fresh Purchase (Incl. Switch-in): Minimum of Rs. 100/- and in multiples of Re. 1/- thereafter.
Load Structure

Load Structure/Lock-In Period


Entry load - Not applicable

Exit load - Nil
Options

Options/Sub-Option

  • Growth option
  • Income Distribution cum Capital Withdrawal (IDCW) option

    IDCW option will offer the following sub-options:
  • Payout of IDCW sub-option
  • Reinvestment of IDCW sub-option
  • Transfer of IDCW sub-option
Product Label and Riskometer

Potential Risk Class (PRC)

  • The PRC matrix identifies the highest amount of potential risk that a debt mutual fund can assume.
  • This regulation was implemented by SEBI on December 1, 2021, making it essential for fund houses to categorize all new and existing schemes under a potential risk class (PRC) matrix.

Product Label and Riskometer

This product is suitable for investors who are seeking*:

  • Regular income over short term that may be in line with the overnight call rates.
  • Investment in money market and debt instruments with overnight maturity.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Scheme Documents
 

Documents

Presentation Download icon
Application Form Download icon
Scheme Information Document (SID) Download icon
Key Information Document (KIM) Download icon
Statement of Additional Information (SAI) Download icon
Overview

Bajaj Finserv Overnight Fund Overview

Bajaj Finserv Overnight Fund is an open-ended scheme investing in debt, money market instruments and cash and cash equivalents with a maturity of one day. The very short maturity of the underlying securities can mitigate the interest and credit rate risk of the fund while providing high liquidity.
Bajaj Finserv Overnight Fund can be a suitable option for investors seeking regular income over the short term that may be in line with the overnight call rates. It can also suit investors with idle cash who want an avenue that can potentially offer better returns than a current account, or corporates who want to park surplus funds overnight. Investors looking for a short-term and liquid investment avenue with the potential to offer reasonable returns at relatively low risk can consider investing in Bajaj Finserv Overnight Fund.

Investments for Bajaj Finserv Overnight Fund start at Rs. 100.

FAQ
 

Frequently Asked Questions

Bajaj Finserv Overnight Fund aims to generate income by investing in debt, money market instruments, and cash and cash equivalent with overnight maturity. Since the securities in these funds mature the next day, these funds are not exposed to the kind of interest rate risk or default risk like the rest of the debt funds. Investing in Bajaj Finserv Overnight Fund can help meet the needs of the investors who want to deploy their funds for a very short period.

Easy access to funds, suitability for short-term goals, relatively stable returns, high liquidity, and comparatively low risk are some of the benefits of investing in Bajaj Finserv Overnight Fund.

Bajaj Finserv Overnight Fund can be a suitable option for investors who are seeking regular income over short term that may be in line with the overnight call rates. Also, investors who are looking to invest in money market and debt instruments with overnight maturity can consider investing in this scheme. Investors should consult their financial advisor in case of any queries.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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