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):
9.07
AAUM (in Rs. Cr):
27.23

Average Maturity:
1 Day
Macaulay Duration:
1 Day
Modified Duration:
1 Day
Yield to Maturity:
6.76%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,180.1493
1,185.0070
Daily IDCW
1,001.0000
NA
Weekly IDCW
1,001.0000
NA
Fortnightly IDCW
1,001.8653
NA
Monthly IDCW
1,001.0714
1,001.8347
Annual IDCW
1,106.6186
1,178.1461

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
842.00
92.88
Net Current Assets
NA
64.56
7.12
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
6.0%
6.8%
7.8%
10,011
10,013
10,015
Last 15 days
6.2%
6.8%
8.0%
10,026
10,028
10,033
Last 30 days
6.3%
6.8%
7.0%
10,052
10,056
10,058
Last 3 months
6.3%
6.7%
6.4%
10,160
10,169
10,161
Last 6 months
6.3%
6.7%
6.7%
10,316
10,336
10,337
Last 1 Year
6.3%
6.6%
7.0%
10,625
10,662
10,701
Last 3 Years
4.4%
4.7%
4.6%
11,381
11,480
11,453
Since Inception
4.2%
4.5%
5.0%
11,801
11,919
12,181
Direct - Growth
Last 7 days
6.1%
6.8%
7.8%
10,012
10,013
10,015
Last 15 days
6.3%
6.8%
8.0%
10,026
10,028
10,033
Last 30 days
6.4%
6.8%
7.0%
10,053
10,056
10,058
Last 3 months
6.4%
6.7%
6.4%
10,162
10,169
10,161
Last 6 months
6.4%
6.7%
6.7%
10,322
10,336
10,337
Last 1 Year
6.4%
6.6%
7.0%
10,636
10,662
10,701
Last 3 Years
4.5%
4.7%
4.6%
11,416
11,480
11,453
Since Inception
4.3%
4.5%
5.0%
11,850
11,919
12,181

Past performance may or may not be sustained in future. 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 from (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.

Record Date
Plan(s) Option(s)
Individuals/ HUF (IDCW)
(Rs per unit)
Others (IDCW)
(Rs per unit)
Cum-IDCW NAV
(Rs per unit)
25-Aug-23
Regular Plan - Monthly IDCW Option
4.7143
4.7143
1005.7143
25-Aug-23
Direct Plan - Monthly IDCW Option
5.3629
5.3629
1006.3629
25-Sep-23
Regular Plan - Monthly IDCW Option
14.0000
14.0000
1015.0000
25-Sep-23
Direct Plan - Monthly IDCW Option
5.5060
5.5060
1006.5060
25-Oct-23
Regular Plan - Monthly IDCW Option
8.6429
8.6429
1009.6429
25-Oct-23
Direct Plan - Monthly IDCW Option
5.3817
5.3817
1006.3817

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; CD - Certificate of Deposit; CP - Commercial Papers;
Data is as of October 31, 2023 unless otherwise specified.

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