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Fund Overview

Fund Size

Fund Size

₹32 Cr

Expense Ratio

Expense Ratio

0.08%

ISIN

ISIN

INF666M01GL8

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

08 Jul 2019

About this fund

Groww Overnight Fund Direct Growth is a Overnight mutual fund schemes offered by Groww Mutual Fund. This fund has been in existence for 5 years and 12 days, having been launched on 08-Jul-19.
As of 19-Jul-24, it has a Net Asset Value (NAV) of ₹1259.76, Assets Under Management (AUM) of 31.89 Crores, and an expense ratio of 0.08%.
  • Groww Overnight Fund Direct Growth has given a CAGR return of 4.70% 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 Groww 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

+6.78%

(Cat Avg.)

3 Years

+5.36%

(Cat Avg.)

5 Years

+4.68%

(Cat Avg.)

Since Inception

+4.70%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Others31.89 Cr100.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Reverse Repo 01-Jul-24Cash - Repurchase Agreement30.81 Cr96.62%
182 DTB 25072024Bond - Gov't/Treasury0.5 Cr1.56%
CcilCash - Repurchase Agreement0.41 Cr1.29%
India (Republic of)Bond - Short-term Government Bills0.14 Cr0.44%
Net Receivable/PayableCash0.03 Cr0.10%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - Repurchase Agreement31.22 Cr97.90%
Bond - Gov't/Treasury0.5 Cr1.56%
Bond - Short-term Government Bills0.14 Cr0.44%
Cash0.03 Cr0.10%

Risk & Performance Ratios

Standard Deviation

This fund

0.41%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

-5.62

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Kaustubh Sule

Kaustubh Sule

Since May 2023

Additional Scheme Detailsas of 30th June 2024

ISIN
INF666M01GL8
Expense Ratio
0.08%
Exit Load
No Charges
Fund Size
₹32 Cr
Age
08 Jul 2019
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
CRISIL Liquid Overnight TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
Axis Overnight Fund Regular Growth

Low Risk

0.1%0.0%₹7224.51 Cr6.8%
Axis Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹7224.51 Cr6.8%
Groww Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹31.89 Cr6.8%
Groww Overnight Fund Regular Growth

Low Risk

0.2%0.0%₹31.89 Cr6.7%
Tata Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹4581.43 Cr6.8%
Tata Overnight Fund Regular Growth

Low Risk

0.2%0.0%₹4581.43 Cr6.7%
Nippon India Overnight Fund Regular Growth

Low Risk

0.2%0.0%₹7558.67 Cr6.7%
Nippon India Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹7558.67 Cr6.8%
Sundaram Overnight Fund Regular Growth

Low Risk

0.2%0.0%₹791.97 Cr6.7%
Sundaram Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹791.97 Cr6.8%

About the AMC

Total AUM

₹697 Cr

Address

Jupiter Mills Compound Senapati Bapat Marg, Mumbai, 400013

Other Funds by Groww Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Groww Nifty Total Market Index Fund Direct Growth

Very High Risk

0.3%0.0%₹175.22 Cr-
Groww FMP Series VI (Plan 2) 1135 Days Direct Growth

Moderate Risk

----
Groww Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹38.88 Cr7.4%
Groww Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹126.91 Cr35.4%
Groww Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹197.99 Cr7.4%
Groww Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹2.49 Cr5.8%
Groww ELSS Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹48.68 Cr38.1%
Groww Dynamic Bond Fund Direct Growth

Moderate Risk

0.5%0.0%₹38.52 Cr6.9%
Groww Aggressive Hybrid Fund Direct Growth

Very High Risk

0.8%1.0%₹43.84 Cr29.4%
Groww Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹31.89 Cr6.8%
Groww Value Fund Direct Growth

Very High Risk

0.9%1.0%₹24.57 Cr40.6%
Groww Multi Cap Fund Direct Growth

Moderately High risk

-0.0%--

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of Groww Overnight Fund Direct Growth, as of 19-Jul-2024, is ₹1259.76.
The fund has generated 6.78% over the last 1 year and 5.36% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
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.
The fund managers responsible for Groww Overnight Fund Direct Growth are:-
  1. Kaustubh Sule