Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Overnight Fund | Overnight Fund - ABSLMF

Aditya Birla Sun Life Overnight Funds

(An open ended debt scheme investing in overnight securities)

Class: Debt
Category: Overnight

Investment Objective

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.

This product is suitable for investors who are seeking

  • Investments that offer reasonable returns, high level of safety and convenience of liquidity over short-term.
  • Investments in high-quality debt and money market instruments

Fund Details

  • Fund Type - Open-Ended
  • Class - Debt
  • Category - Overnight
  • Min Investment - Rs. 5000/-
  • Fund Manager - Mr. Kaustubh Gupta
  • Latest NAV - 1098.228 (as on 23-Nov-2020)
  • Inception Date - Nov 01, 2018
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Fund Performance

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Mr. Kaustubh Gupta

    Total Experience : 14 years

    View Full Profile
    Kaustubh Gupta is a Senior Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC). Kaustubh brings with him 14 years of extensive investment experience having worked in various capacity of treasury finance, liquidity management and now fund management.

    Prior to joining ABSLAMC in 2009, Kaustubh worked with ICICI Bank for 5 year in the Asset Liability Management team.

    Kaustubh is a Chartered Account and CFA (Level 2) by qualification.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
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Your Investment Summary

  • Investment AmountRs 5000
  • Initial units per month 29.5
  • Current valueRs 50,000
  • Current NAV value 260
  • Current Units 30
  • XIRR

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

    5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

    8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.10.2020)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
NIL
-In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 01, 2009.

Highlights

  • Reasonable Returns
  • High Levels of Safety

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Investment Strategy

The scheme seeks to generate reasonable income through investments in debt securities, Money Market Instruments & CBLO/Tri-party Repo having maturity of 1 day.

Aditya Birla Sun Life Overnight Fund

(An open ended debt scheme investing in overnight securities)

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.

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

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  • KIM - Aditya Birla Sun Life Overnight Fund
  • SID - Aditya Birla Sun Life Overnight Fund

Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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