Axis Overnight Fund Direct Growth

Fund Overview

Fund Size

₹8,611 Cr

Expense Ratio

0.05%

ISIN

INF846K01N65

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

06 Mar 2019

About this fund

Axis Overnight Fund Direct Growth is a Overnight mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 5 years, 2 months and 12 days, having been launched on 06-Mar-19.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹1277.25, Assets Under Management (AUM) of 8611.00 Crores, and an expense ratio of 0.05%.

Axis Overnight Fund Direct Growth has given a CAGR return of 4.82% since inception.
The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents.
You can start investing in Axis Overnight Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.82%

— (Cat Avg.)

3 Years

+5.35%

— (Cat Avg.)

5 Years

+4.79%

— (Cat Avg.)

Since Inception

+4.82%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Others

₹8,611 Cr

100.00%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹8,104.54 Cr	94.12%
182 DTB 23052024	Bond - Gov't/Treasury	₹149.41 Cr	1.74%
182 DTB 09052024	Bond - Gov't/Treasury	₹99.85 Cr	1.16%
India (Republic of)	Bond - Short-term Government Bills	₹99.72 Cr	1.16%
364 DTB 23052024	Bond - Gov't/Treasury	₹74.71 Cr	0.87%
91 DTB 02052024	Bond - Gov't/Treasury	₹49.99 Cr	0.58%
182 DTB 02052024	Bond - Gov't/Treasury	₹25 Cr	0.29%
Net Receivables / (Payables)	Cash	₹7.77 Cr	0.09%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - Repurchase Agreement	₹8,104.54 Cr	94.12%
Bond - Gov't/Treasury	₹398.96 Cr	4.63%
Bond - Short-term Government Bills	₹99.72 Cr	1.16%
Cash	₹7.77 Cr	0.09%

Risk & Performance Ratios

Standard Deviation

This fund

0.43%

Cat. avg.

Lower the better

Sharpe Ratio

This fund

-15.41

Cat. avg.

Higher the better

Sortino Ratio

This fund

Cat. avg.

Higher the better

Fund Managers

Aditya Pagaria

Since March 2019

Sachin Jain

Since November 2021

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF846K01N65		Expense Ratio	0.05%		Exit Load	No Charges		Fund Size	₹8,611 Cr		Age	06 Mar 2019		Lumpsum Minimum	₹500		Fund Status	Open Ended Investment Company		Benchmark	Nifty 1D Rate Index

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Overnight Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Overnight Fund Regular Growth Low Risk	0.1%	0.0%	₹8611.00 Cr	6.8%
Axis Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹8611.00 Cr	6.8%
Groww Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹28.28 Cr	6.7%
Groww Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹28.28 Cr	6.6%
Tata Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3181.71 Cr	6.8%
Tata Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹3181.71 Cr	6.7%
Nippon India Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹6456.54 Cr	6.7%
Nippon India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹6456.54 Cr	6.8%
Sundaram Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹772.43 Cr	6.7%
Sundaram Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹772.43 Cr	6.8%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹2,79,542 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹96.79 Cr	-
Axis India Manufacturing Fund Direct Growth Very High Risk	0.4%	1.0%	₹4683.25 Cr	-
Axis Fixed Term Plan Series 118 100 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 113 1228 Days Direct Growth Low to Moderate Risk	-	0.0%	-	6.9%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 105 1128 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 112 1143 Days Direct Growth Low to Moderate Risk	-	0.0%	-	6.7%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹77.96 Cr	6.9%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13655.95 Cr	6.7%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	1.0%	1.0%	₹880.21 Cr	26.3%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹293.15 Cr	72.5%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	33.3%
Axis Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹8551.93 Cr	7.6%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹1588.78 Cr	21.0%
Axis Special Situations Fund Direct Growth Very High Risk	1.2%	1.0%	₹1216.85 Cr	35.9%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5336.26 Cr	7.3%
Axis ESG Equity Fund Direct Growth Very High Risk	1.2%	1.0%	₹1362.05 Cr	29.4%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹4177.79 Cr	8.3%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹146.76 Cr	4.4%
Axis Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹531.98 Cr	50.7%
Axis All Seasons Debt Fund of Funds Direct Growth Moderately High risk	0.2%	1.0%	₹172.61 Cr	7.1%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹328.09 Cr	7.8%
Axis Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹33351.61 Cr	28.6%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1713.46 Cr	6.4%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹482.60 Cr	20.0%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹13893.00 Cr	26.7%
Axis Regular Saver Fund Direct Growth Very High Risk	0.8%	1.0%	₹336.50 Cr	10.0%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1970.65 Cr	7.6%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹35641.94 Cr	31.8%
Axis Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹7944.42 Cr	7.1%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹32647.93 Cr	7.4%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.3%	1.0%	₹1202.42 Cr	21.1%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹26636.78 Cr	45.2%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5464.57 Cr	7.5%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.1%	1.0%	₹907.89 Cr	18.7%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	1.0%	₹2123.94 Cr	26.9%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹280.68 Cr	56.8%
Axis Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹105.45 Cr	-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹34.01 Cr	6.6%
Axis Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹460.54 Cr	7.6%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4651.04 Cr	7.6%
Axis Multicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	50.4%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹68.60 Cr	6.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹291.83 Cr	6.6%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.1%	0.0%	₹37.60 Cr	18.8%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹165.80 Cr	64.7%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹541.26 Cr	7.0%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹249.29 Cr	6.8%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹449.43 Cr	24.6%

Risk Level

Your principal amount will be at Low Risk

Still got questions?
We're here to help.

What is the current NAV of Axis Overnight Fund Direct Growth?

The NAV of Axis Overnight Fund Direct Growth, as of 17-May-2024, is ₹1277.25.

What are the returns of Axis Overnight Fund Direct Growth?

The fund has generated 6.82% over the last 1 year and 5.35% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Axis Overnight Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 100.00% in cash and cash equivalents.

Who manages the Axis Overnight Fund Direct Growth?

The fund managers responsible for Axis Overnight Fund Direct Growth are:-

Aditya Pagaria
Sachin Jain

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Axis Overnight Fund Direct Growth

Fund Overview