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SBI Overnight Fund Direct Plan Weekly Dividend Reinvestment

Debt

  

Overnight Fund

NAV

1031.723 + 0.0706

as on (08 Apr, 2020)

RETURNS

4.12 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.11 %

Benchmark

CRISIL Overnight Index TR INR

Asset Size

10149.27 Cr.

(As of 30 Apr, 2019)

Risk

Low

Objective

To provide the investors an opportunity to invest in overnight securities maturing on the next business day

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Fund manager

R. Arun

(since 01 Apr, 2012)

Exit load

N / A

Minimum sip

₹ 0

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Sector Allocation

About the Scheme Type

Overnight Fund

Overnight Funds is the least risky of all the debt mutual fund categories as they invest in overnight securities with a one day maturity period. While these funds are a great option for zero risk taking investors, they should also remember that in the process, even the returns will get compensated – lower maturity means lower returns. Given that these funds mature the next business day, any change, either in the interest rate by the RBI or the credit rating of the bond issuer, does not impact the price of the funds. Apart from low risk, focused funds can also act as an emergency fund.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

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Overview of SBI Funds Management Private Limited

With 30​ years of rich experience in fund management, we at SBI Mutual Fund, bring forward our expertise by consistently delivering value to our investors. SBI Mutual Fund has a strong and proud lineage tailing back to the State Bank of India (SBI) - India's largest bank. SBI Mutual Fund is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies.

SBI Mutual Fund’s vision -

“To be the most trusted and respected Asset Manager”, and we deliver value and nurture the trust of our vast and varied family of investors, with our network of over 222 acceptance points across India. Investors are our priority. SBI Mutual Fund’s mission is to establish Mutual Funds as a viable investment option to the masses in the country. While on our way towards achieving it, we, at SBI Mutual Fund, have developed innovative, need-specific products and educated the investors about the added benefits of investing in capital markets via Mutual Funds. Today, SBI Mutual Fund has been actively managing investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.