Bandhan Overnight Fund - Direct Plan
Bandhan Overnight Fund - Direct Plan
An open-ended Debt Scheme investing in overnight securities. A scheme with relatively low interest rate risk and relatively low credit risk.
The fund aims to Invests in overnight securities / 1 Business day residual maturity (Min. recommended investment horizon- 1 day)
- Min Investment 1,000
- Min SIP Amount 100
- Exit Load
Nil
Scheme is suitable for building emergency corpus or for temporary parking of surplus (minimum recommended investment horizon 1 day)
Tier 1 Benchmark : Nifty 1D Rate IndexAlternate Benchmark : CRISIL 1 Year T-Bill Index
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Performance as on 31st October 2023
| Scheme Names | CAGR Returns (%) | Current value of Investment of 10,000 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 year | 3 year | 5 year | 10 year | 18/01/2019 Since inception | 1 year | 3 year | 5 year | 10 year | 18/01/2019 Since inception | |
| Bandhan Overnight Fund - Regular Plan - Growth | 6.45 | 4.52 | N.A. | N.A. | 4.52 | 10,645 | 11,417 | N.A. | N.A. | 12,355 |
| 6.62 | 4.70 | 4.77 | 5.87 | 4.69 | 10,662 | 11,479 | 12,627 | 17,690 | 12,454 | |
| ^ Tier 1 Benchmark | ^^ Alternate Benchmark | ^^^ Tier 2 Benchmark | ||||||||||
This fund is managed by Mr. Brijesh Shah (w.e.f 01/02/2019)
View fund performance of other funds managed by Mr. Brijesh Shah
Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Taxation:
For taxation, please refer the link : https://bit.ly/3spfzbo
Bandhan Overnight Fund
(Scheme Risk-o-meter)
Nifty 1D Rate Index
(Tier 1 Benchmark Risk-o-meter)
This product is suitable for investors who are seeking* :
- To generate short term optimal returns in line with overnight rates and high liquidity
- To invest in money market and debt instruments, with maturity of 1 day