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Fund Overview

Fund Size

Fund Size

₹245 Cr

Expense Ratio

Expense Ratio

0.08%

ISIN

ISIN

INF192K01MB8

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

03 Dec 2019

About this fund

This fund has been in existence for 5 years and 4 days, having been launched on 03-Dec-19.
As of 06-Dec-24, it has a Net Asset Value (NAV) of ₹1270.38, Assets Under Management (AUM) of 245.04 Crores, and an expense ratio of 0.08%.
  • JM Overnight Fund Direct Growth has given a CAGR return of 4.89% 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 JM Overnight Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹1000.

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

+6.66%

(Cat Avg.)

3 Years

+5.92%

(Cat Avg.)

5 Years

+4.89%

(Cat Avg.)

Since Inception

+4.89%

(Cat Avg.)

Portfolio Summaryas of 15th November 2024

Others245.04 Cr100.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Treps-Triparty RepoCash - Repurchase Agreement137.62 Cr99.61%
Net Current AssetsCash0.55 Cr0.39%

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - Repurchase Agreement137.62 Cr99.61%
Cash0.55 Cr0.39%

Risk & Performance Ratios

Standard Deviation

This fund

0.34%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

-7.03

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

GW

Gurvinder Wasan

Since April 2024

NK

Naghma Khoja

Since April 2022

RF

Ruchi Fozdar

Since April 2024

Additional Scheme Detailsas of 15th November 2024

ISIN
INF192K01MB8
Expense Ratio
0.08%
Exit Load
No Charges
Fund Size
₹245 Cr
Age
5 years
Lumpsum Minimum
₹1,000
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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Fund nameExpense RatioExit LoadFund size
1Y
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0.1%0.0%₹9262.94 Cr6.7%
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0.1%0.0%₹9262.94 Cr6.8%
Groww Overnight Fund Direct Growth

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0.1%0.0%₹13.06 Cr6.7%
Groww Overnight Fund Regular Growth

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0.2%0.0%₹13.06 Cr6.6%
Tata Overnight Fund Direct Growth

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0.1%0.0%₹4600.33 Cr6.8%
Tata Overnight Fund Regular Growth

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0.2%0.0%₹4600.33 Cr6.6%
Nippon India Overnight Fund Regular Growth

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0.2%0.0%₹8439.04 Cr6.7%
Nippon India Overnight Fund Direct Growth

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0.1%0.0%₹8439.04 Cr6.7%
Sundaram Overnight Fund Regular Growth

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0.2%0.0%₹1019.06 Cr6.6%
Sundaram Overnight Fund Direct Growth

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0.1%0.0%₹1019.06 Cr6.7%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of JM Overnight Fund Direct Growth, as of 06-Dec-2024, is ₹1270.38.
The fund has generated 6.66% over the last 1 year and 5.92% 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 JM Overnight Fund Direct Growth are:-
  1. Gurvinder Wasan
  2. Naghma Khoja
  3. Ruchi Fozdar