ITI Overnight Fund

(An open ended debt scheme investing in overnight securities Relatively Low interest rate risk and relatively Low credit risk.)

CATEGORY OF SCHEME Overnight Fund
INVESTMENT OBJECTIVE The investment objective of the Scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Inception Date (Date of Allotment): 25-Oct-19
Benchmark: CRISIL Liquid Overnight Index
Minimum Application Amount: Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Load Structure: Entry Load: Nil
Exit Load: Nil
Total Expense Ratio (TER):

Including Additional Expenses and Goods and Service Tax on Management Fees
Regular Plan: 0.18% Direct Plan: 0.08%
Fund Manager Mr. Vikrant Mehta (Since 18-Jan-21) Total Experience: 28 years

AUM (in Rs. Cr):
23.89
AAUM (in Rs. Cr):
35.99

Average Maturity:
3 Days
Macaulay Duration:
3 Days
Modified Duration:
3 Days
Yield to Maturity:
6.63%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,224.2132
1,229.9672
Daily IDCW
1,001.0000
NA
Weekly IDCW
1,001.5039
NA
Fortnightly IDCW
1,001.5149
NA
Monthly IDCW
1,001.0714
1,001.5139
Annual IDCW
1,147.9458
NA

Name of Instrument
Ratings
Market Value
(Rs. Lakhs)
% to NAV
Debt Instrument
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
2313.15
96.81
Net Current Assets
NA
76.27
3.19
Total Net Assets
100.00

Value of Investment of 10,000
Period
Fund Returns (%)
Benchmark Returns (%)
Additional Benchmark
Returns (%)
Fund
()
Benchmark ()
Additional Benchmark ()
Regular - Growth
Last 7 days
6.1%
6.5%
7.5%
10,012
10,013
10,014
Last 15 days
6.1%
6.6%
7.8%
10,025
10,027
10,032
Last 30 days
6.1%
6.6%
7.3%
10,051
10,056
10,062
Last 3 months
6.2%
6.6%
7.4%
10,157
10,167
10,187
Last 6 months
6.4%
6.7%
7.2%
10,320
10,338
10,363
Last 1 Year
6.5%
6.8%
7.1%
10,647
10,686
10,710
Last 3 Years
5.1%
5.4%
5.4%
11,612
11,720
11,696
Since Inception
4.5%
4.8%
5.3%
12,242
12,391
12,699
Direct - Growth
Last 7 days
6.2%
6.5%
7.5%
10,012
10,013
10,014
Last 15 days
6.2%
6.6%
7.8%
10,026
10,027
10,032
Last 30 days
6.2%
6.6%
7.3%
10,052
10,056
10,062
Last 3 months
6.3%
6.6%
7.4%
10,160
10,167
10,187
Last 6 months
6.5%
6.7%
7.2%
10,325
10,338
10,363
Last 1 Year
6.6%
6.8%
7.1%
10,657
10,686
10,710
Last 3 Years
5.2%
5.4%
5.4%
11,648
11,720
11,696
Since Inception
4.6%
4.8%
5.3%
12,300
12,391
12,699

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: CRISIL Liquid Overnight Index Additional Benchmark: CRISIL 1 Year T-Bill Index. Fund Manager: Mr. Vikrant Mehta (Managing since January 18, 2021). Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized. Inception date of the scheme (25-Oct-19) Face Value per unit: Rs. 1000. ITI Overnight Fund NAV as on May 31, 2024: Rs. 1217.9529 (Regular Growth Option), Rs. 1223.5737 (Direct Growth Option)

Record Date
Plan(s) Option(s)
Individuals/ HUF (IDCW)
(Rs per unit)
Others (IDCW)
(Rs per unit)
Cum-IDCW NAV
(Rs per unit)
26-Mar-24
Regular Plan - Monthly IDCW Option
5.7857
5.7857
1006.7857
26-Mar-24
Direct Plan - Monthly IDCW Option
5.1207
5.1207
1006.1207
25-Apr-24
Regular Plan - Monthly IDCW Option
2.5714
2.5714
1003.5714
25-Apr-24
Direct Plan - Monthly IDCW Option
5.2505
5.2505
1006.2505
27-May-24
Regular Plan - Monthly IDCW Option
4.0000
4.0000
1005.0000
27-May-24
Direct Plan - Monthly IDCW Option
5.4412
5.4412
1006.4412

Pursuant to payment of IDCW, the NAV of the IDCW Option (s) of the Scheme/Plan (s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of IDCW, visit www.itiamc.com.

THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^

  • Regular income with low risk and high level of liquidity
  • Investment in money market and debt instruments with overnight maturity

^Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer of the Scheme
Riskometer of the Primary Benchmark
CRISIL Liquid Overnight Index

Face Value per Unit: Rs. 1000 unless otherwise specified
Data is as of May 31, 2024 unless otherwise specified.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully