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Current & Historical NAV / Dividend
Methodology for calculating subscription and redemption price of units.
- Subscription / Switch-in (from other schemes/plans of the Mutual Fund) (This is the price investor need to pay for purchase/switch-in)
If the applicable NAV is Rs. 10/- and since there will be no entry load, then the purchase price will be Rs. 10/- - Redemption / Switch - out (to other schemes/plans of the Mutual Fund)(This is the price investor will receive at the time of redemption/ switch-out)
If the applicable NAV is Rs. 10/- and exit load is 0.5% then sale price will be 10 - (10 * 0.5%) = 10 - 0.05 = Rs. 9.95/-
Declaration
The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Aditya Birla Sun Life Mutual Fund / Aditya Birla Sun Life AMC Limited (ABSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of ABSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.
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 - 1120.979 (as on 30-Jul-2021)
- Inception Date - Nov 01, 2018
Fund Performance
Fund Management
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Mr. Kaustubh Gupta
Total Experience : 17 years
View Full ProfileKaustubh Gupta is the Co-Head of Fixed Income at Aditya Birla Sun Life AMC Limited (ABSLAMC). Kaustubh brings with him 17 years of extensive investment experience having worked in various capacity of treasury finance, liquidity management and fund management. As Co-Head, Kaustubh leads the overall fixed income portfolio 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.
Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
Check your investment performance
Use this tool by entering any amount you would have invested to calculate how much it would be worth today.
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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
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XIRR
5.10%
Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
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Benchmark XIRR
8%
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
Fund Summary
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.
Disclaimer
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.
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