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#9
of 14 funds
Consistency of returns
Protection from volatility
Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 3 Months .
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: This fund has no exit load.
VRO rating | 4 |
Expense ratio | 0.06% as on Apr 30, 2024 |
Exit load | 0% |
AUM (Fund size) | ₹3,182 Crs |
Lock-in | No Lockin |
Age | 5 yrs 1 m since Mar 25, 2019 |
Benchmark | CRISIL Liquid Overnight AI |
Min. investment | SIP ₹1000 & Lump. ₹5000 |
Risk | Low |
Tax on your gains | Profits are added to your income and taxed as per your slab rate |
Period | This fund | Category average |
---|---|---|
1 month | 0.52% | 0.5188888888888886% |
3 months | 1.61% | 1.6088888888888886% |
6 months | 3.34% | 3.334444444444444% |
1 year | 6.79% | 6.788518518518517% |
3 years | 5.31% | 5.3104000000000005% |
5 years | 4.77% | 4.761333333333335% |
Large Cap 0.0%
Mid Cap 0.0%
Small Cap 0.0%
Other Cap 0.0%
Bifurcation by Holding is not available for this fund
Bifurcation by Sector is not available for this fund
Cash & Call Money 97.66%
SOV 2.34%
Reserve Bank of India 2.34%
Repo 97.8%
Treasury Bills 2.34%
Others 97.8%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
Baroda BNP Paribas Overnight Fund | #1 | ₹674 Crs | 5 yrs | 0.09% |
Axis Overnight Fund | #2 | ₹8,611 Crs | 5 yrs 2 m | 0.05% |
UTI Overnight Fund | #3 | ₹6,229 Crs | 11 yrs 4 m | 0.05% |
Aditya Birla Sun Life Overnight Fund | #4 | ₹6,890 Crs | 5 yrs 6 m | 0.04% |
Nippon India Overnight Fund | #5 | ₹6,457 Crs | 5 yrs 4 m | 0.08% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
Baroda BNP Paribas Overnight Fund | 0.52% | 3.32% | 6.78% | 5.31% | 4.78% | 2.4% |
Axis Overnight Fund | 0.52% | 3.34% | 6.8% | 5.34% | 4.79% | 2.47% |
UTI Overnight Fund | 0.52% | 3.33% | 6.78% | 5.31% | 4.77% | 6.0% |
Aditya Birla Sun Life Overnight Fund | 0.52% | 3.33% | 6.78% | 5.32% | 4.77% | 2.7% |
Nippon India Overnight Fund | 0.52% | 3.34% | 6.79% | 5.33% | 4.79% | 2.62% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
Baroda BNP Paribas Overnight Fund | 0.43 | 0.81 | -0.24 | -0.64 |
Axis Overnight Fund | 0.43 | 0.81 | -0.17 | -0.46 |
UTI Overnight Fund | 0.43 | 0.81 | -0.24 | -0.65 |
Aditya Birla Sun Life Overnight Fund | 0.43 | 0.81 | -0.21 | -0.48 |
Nippon India Overnight Fund | 0.43 | 0.81 | -0.19 | -0.52 |
Alpha | 1.52 vs. 1.7901286 Underperformed at beating benchmark |
Sharpe | -0.23 vs. 1.5348796 Poor risk-adjusted returns |
Beta | 0.81 vs. 0.018396582 More sensitive to market's ups & downs |
Standard deviation | 0.43 vs. 0.33105758 More volatile performance |
Fund AUM | ₹3,182 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
No. of schemes | 53 view all schemes |
Total AUM | ₹1,47,272 Crs as on Mar 31, 2024 |
Address | 9th Floor, Mafatlal Centre, Nariman Point, Mumbai, 400021 |
service@tataamc.com | |
Phone | 1800-209-0101 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 3Y |
---|---|---|---|---|
Tata Money Market Fund | #6 | ₹17,288 Crs | 7.77% | 6.1% |
Tata Ultra Short Term Fund | #7 | ₹2,712 Crs | 7.57% | 5.92% |
Tata Gilt Securities Fund | #15 | ₹764 Crs | 6.98% | 5.82% |
Tata Treasury Advantage Fund | #18 | ₹2,350 Crs | 7.32% | 5.68% |
Tata Floating Rate Fund | N.A. | ₹220 Crs | 7.37% | N.A. |
Tata Liquid Fund | #20 | ₹17,257 Crs | 7.33% | 5.65% |
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Tata Overnight Fund is a 5 yrs 1 m old fund and has delivered average annual returns of 4.81% since inception.
1-Year | 3-Year | 5-Year | Since Inception |
---|---|---|---|
6.79% | 5.31% | 4.77% | 4.81% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Tata Overnight Fund for May 15, 2024 is 1273.4136.
Tata Overnight Fund has an ET Money Rank of #9 of 14 and a consistency rating of 3.0.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ET Money, Investing in Tata Overnight Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Tata Overnight Fund is 0.06%. .
Redeeming your investments in Tata Overnight Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Tata Overnight Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Tata Overnight Fund is ₹3,182 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Tata Overnight Fund allocation by credit quality is given below
Credit Quality | Percentage of Portfolio |
Cash & Call Money | 97.66% |
SOV | 2.34% |
The top 3 debt holdings of Tata Overnight Fund are as follows
Holding Name | Percentage of Portfolio |
Reserve Bank of India | 2.34% |
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