Home Loans
Personal Loans
SME Loans
Business Loans - Udyog Plus 
Loan Against Securites
Loan Against Property
Mutual Fund
Stock and Securities
Wealth
Portfolio Management Services
Pension Funds
Life Insurance
Health Insurance
Wellness Solutions
Pay Bills
Pay for anything
Pay Anyone
Pay on Call
Payment Lounge
Credit Cards
1800-270-7000-
Our Products
-
Self Care
- Downloads
- Learnings
- About Us
-
More
-
Shareholders
-
Shareholders
-
Updates
-
-
Wealth Calculator
-
Shareholders
ABC Solution 
Loans
Insurance
AppStore
PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Debt
Overnight Fund
An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.
Fund Overview
Aditya Birla Sun Life Overnight Fund is an open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.
Investment Objective
The objective of the scheme is to generate reasonable income through investments in debt securities, Money Market Instruments & Tri-party Repo having maturity of 1 day.
The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Why one can invest:
-
- If you are looking for better returns for near-term investing than what traditional saving instruments offer
-
- If you are looking to maintain relatively high safety and relatively high liquidity of your investment
-
- If you are looking for suitable investment option for very short term (few days up to 1 year)
-
- If you are also looking to invest in low-risk debt/money market instruments such as Tri-party repos/reverse repos with investments starting from Rs.5000
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
Very short – from a few days to up to 1 year
Annualized Benchmark Returns
Min Investment
Entry load
NIL
Exit load
NIL
Total Expense Ratio (TER)
Sharp Ratio
Beta Ratio
Other Parameters
Standard Deviation
Modified Duration
-
Yield to Maturity
-
Portfolio Turnover:
-
Average Maturity
-
Macaulay Duration
-
Net Equity Exposure
-
Fund Managers
Mr. Kaustubh Gupta
Riskometer
(An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.)
This product is suitable for investors who are seeking
-
Reasonable returns with high levels of safety and convenience of liquidity over short term
-
Investment in debt and Money Market Instruments up to 1 day.
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Dividend History
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Investment Performance
IDCW Plan of this scheme has distributed income to its investors out of its earnings, from time to time. The details of the same is tabulated:| Declared on date | IDCW Yield (Regular Plan) | IDCW Per Unit | Cum IDCW NAV |
|---|
Fund Summary
- Sometimes you might have some extra money that you don't need right away, but you know you'll need it soon, maybe in a few months or even just a few days or weeks.
- In these situations, you want to make sure that the money is safe and easy to access when you need it.
- Traditional saving instruments have been a popular option for storing such funds in the short term, but they tend to give low returns.
- Another option for investing very short-term funds could be an overnight fund, which is a type of short-term debt fund that can provide reasonable returns at the overnight/repo rate while maintaining relative safety and liquidity.
- Aditya Birla Sun Life Overnight Fund is one such open-ended debt fund. It invests in debt and money market instruments with maturity of just one day. These instruments typically comprise of Tri-party repo/reverse repo. This short duration keeps interest and credit risk low while maintaining liquidity. At the same it offers reasonable short term returns close to the repo rate.
- The fund is suited for a very short-term investing period (up to 1 year)
- Click Here to Understand What are Debt Funds?
Click here to view the Instructions for Instant Access Facility
Fund Discipline
- The Scheme invests up to 100% of its net assets into debt securities and money market instruments with maturity up to 1 day only and Tri-party Repo.
- The scheme intends to invest in repo /reverse repo in corporate debt securities, as per prevailing regulatory norms
- The scheme intends to hold short-term securities to minimize price volatility.
- Individual instruments are selected based on yield, liquidity, credit risk of issuer, exposure to issuer, etc.
Value Added Products
Salient features of CATP:
- Capital Appreciation Transfer Plan (CATP) is a modified version of STP. It allows investors to periodically transfer the capital appreciation earned by investment/s in other open-ended schemes of Aditya Birla, into this fund
- CATP is offered at monthly or quarterly intervals
Salient features of STP:
- Systematic Transfer Plan (STP) allows investors to periodically transfer pre-determined amounts from any open-ended scheme of Aditya Birla Sun Life Mutual Fund into Aditya Birla Sun Life Overnight Fund
- STP facility can be daily, weekly, monthly or quarterly
Salient features of SWP:
- Systematic Withdrawal Plan (SWP) allows investors to periodically withdraw fixed sums of money from the fund. This can take the form of withdrawal of fixed, pre-determined amounts or capital appreciation amount.
- Its primary objective is to meet the regular income needs of investors.
Tax Applicability
Investment held for less than 36 months
Short Term Capital Gain Tax would be applicable. Any gains/profits would be added to income of the investor taxed at applicable slab rates (plus applicable surcharge and cess).
Investment held for more than 36 months
Long Term Capital Gain Tax would be applicable. Gains/profits would be taxed at 20% (plus applicable surcharge and cess) after indexation benefit.
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Forms & Downloads
Investors also viewed
Don’t know where to start? Start here!
Frequently Asked Questions
There are two ways in which you can invest in this fund.
o Via Direct Plan - involves purchasing units of the fund directly from Aditya Birla Sun Life Mutual Fund
o Via Regular Plan – involves investing through a distributor or broker of your choice
Both these plans have a common portfolio but separate NAVs. This is because they both apply different expense ratios. Your choice of plan thus directly impacts the returns from your investment.
Investments made in the direct plan of this fund can be easily redeemed online. This can be done either through the mobile app of Aditya Birla Sun Life Mutual fund or from its desktop-based webpage. Redemption can be made basis a specified amount or basis a specified number of units you wish to redeem.
As Aditya Birla Sun Life Overnight Fund is meant for a very short-term investing duration, it does not offer SIP route of investing which is preferred for longer investing durations. Investors can certainly invest through the lump-sum investment route in this fund. Other investing facilities such as STP and SWP are also available.
Download our mobile app
- Returns Calculator