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Fund Overview

Fund Size

Fund Size

₹176 Cr

Expense Ratio

Expense Ratio

0.05%

ISIN

ISIN

INF0J8L01081

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Aug 2022

About this fund

NJ Overnight Fund Direct Growth is a Overnight mutual fund schemes offered by NJ Mutual Fund. This fund has been in existence for 1 years, 11 months and 11 days, having been launched on 01-Aug-22.
As of 11-Jul-24, it has a Net Asset Value (NAV) of ₹1130.03, Assets Under Management (AUM) of 176.15 Crores, and an expense ratio of 0.05%.
  • NJ Overnight Fund Direct Growth has given a CAGR return of 6.49% 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 NJ Overnight Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

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

+6.75%

(Cat Avg.)

Since Inception

+6.49%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Others176.15 Cr100.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Clearing Corporation Of India LtdCash - Repurchase Agreement173.2 Cr98.83%
Net Receivables / (Payables)Cash2.05 Cr1.17%

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - Repurchase Agreement173.2 Cr98.83%
Cash2.05 Cr1.17%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

VS

Viral Shah

Since October 2022

DP

Dhaval Patel

Since March 2023

Additional Scheme Detailsas of 30th June 2024

ISIN
INF0J8L01081
Expense Ratio
0.05%
Exit Load
No Charges
Fund Size
₹176 Cr
Age
01 Aug 2022
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 1D Rate 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%₹2762.53 Cr6.8%
Tata Overnight Fund Regular Growth

Low Risk

0.2%0.0%₹2762.53 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%₹1040.15 Cr6.7%
Sundaram Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹1040.15 Cr6.8%

About the AMC

Total AUM

₹5,898 Cr

Address

Unit No. 101A, 1st Floor, Mumbai, 400051

Other Funds by NJ Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
NJ Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹1249.88 Cr-
NJ Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹176.15 Cr6.8%
NJ Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹413.71 Cr8.0%
NJ Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹3860.71 Cr33.1%
NJ ELSS Tax Saver Scheme Direct Growth

Very High Risk

0.5%0.0%₹197.31 Cr51.6%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of NJ Overnight Fund Direct Growth, as of 11-Jul-2024, is ₹1130.03.
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 NJ Overnight Fund Direct Growth are:-
  1. Viral Shah
  2. Dhaval Patel