Now you can earn reasonable returns on investments parked even for just one business day, at low risk and with high levels of liquidity.

ITI Overnight Fund

(An open ended debt scheme investing in overnight securities)
Investment Objective: The investment objective of the Scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Fund Manager:  Mr. George Heber Joseph and Mr. Milan Mody
Benchmark: CRISIL Overnight Index

Key Features

Highest liquidity

The fund provides highest liquidity within the fixed income mutual fund product segment with redemption on T+ 1

Efficient Risk Adjusted Performance

Positioned to deliver consistent and reasonable risk adjusted performance compared to traditional saving instruments

Lowest Risk fund

Carries effectively least interest rate/mark to market risk & lowest credit default risk

No Lock in period & No exit Load

Offers overnight liquidity without any exit load

Same day returns

Enables investors to earn same day returns since purchase takes place on previous day’s NAV

Investment Strategy

  • The Fund aims to deliver returns in line with overnight call/money market rates. The scheme predominantly will invest in following instruments with 1 day maturity (only an indicative list):
  • Tri-Party Repo (TREPS)
  • Money market instruments like Certificate of Deposits (CDs)
  • Commercial Paper (CPs) and Treasury Bills
  • Government Securities and Bonds with 1 Day residual maturity
Asset Allocation
Instruments Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum Low/Medium/High

Debt and Money Market Instruments maturing on or before the next Business Day (including Tri party Repo and equivalent)

100% 0% Low
Plans: Direct & Regular Plan

Options: Growth & Dividend

Frequency:

Dividend Reinvestment -Daily, Weekly, Fortnightly, Monthly
Annually Dividend Payout - Fortnightly, Monthly and Annually
Minimum application amount: Additional application amount: Rs. 5000/- and in multiples of Rs.1/- thereafter
Rs. 1000/- and in multiples of Rs.1/- thereafter
Load Structure Entry Load: NA      Exit Load: Nil
This product is suitable for investors who are seeking*
  • Regular income with low risk and high level of liquidity
  • Investment in money market and debt instruments with overnight maturity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
riskometer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Mutual Fund investments are subject to market risks, please read all scheme related documents carefully.