Bandhan Overnight Fund - Direct (IDCW-M)


Overnight Fund
  • NAV 1004.43 (0.02%)
  • Fund Size (Cr) ₹1196.63
  • Expense Ratio 0.05
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹1000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹100
  • Minimum Withdrawal ₹500
  • Exit Load 0%
  • Return Since Launch 4.07%

Basic Details

Scheme Manager
Brijesh Shah
Bench Mark
Nifty 1D Rate Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 12-Jul-24
  • 10012.27
  • 0.12%
  • -
  • 0.08%
  • 27/275
  • 1 Month
  • 19-Jun-24
  • 10053.40
  • 0.53%
  • -
  • 0.46%
  • 45/275
  • 3 Month
  • 19-Apr-24
  • 10164.67
  • 1.65%
  • -
  • 1.42%
  • 32/275
  • 6 Month
  • 19-Jan-24
  • 10328.99
  • 3.29%
  • -
  • 2.92%
  • 104/273
  • 1 Year
  • 19-Jul-23
  • 10679.93
  • 6.80%
  • 6.80%
  • 6.09%
  • 87/265
  • 3 Year
  • 19-Jul-21
  • 11747.97
  • 17.48%
  • 5.52%
  • 5.39%
  • 48/179
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 18-Jan-19
  • 12454.32
  • 24.54%
  • 4.07%
  • 5.87%
  • 235/275

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Aug-23
  • 120000
  • 149454.59
  • 24.55%
  • 24.55%
  • 3 Year
  • 01-Aug-21
  • 360000
  • 448415.00
  • 24.56%
  • 7.60%
  • 5 Year
  • 14-Nov-19
  • 570000
  • 709982.94
  • 24.56%
  • 4.49%
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    0.12%
  • Beta
    1.00%
  • Sharpe Ratio
    -3.63%
  • Treynor’s Ratio
    12.99%
  • Jension’s Alpha
    -0.07%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • TBILL-91D
  • 2.19%
  • 3500000
  • 34.98
  • T Bills
  • T Bills
  • TBILL-91D
  • 2.18%
  • 3500000
  • 34.89
  • T Bills
  • T Bills
  • TBILL-91D
  • 0.31%
  • 500000
  • 4.98
  • T Bills
  • T Bills
  • Reverse Repo
  • 62.56%
  • 0
  • 999.99
  • Reverse Repo
  • Debt Others
  • TREPS
  • 33.21%
  • 0
  • 530.84
  • Reverse Repo
  • Debt Others
  • Net CA & Others
  • -0.69%
  • 0
  • -11.14
  • Net CA & Others
  • Debt Others
  • C C I
  • 0.24%
  • 0
  • 3.82
  • Cash & Cash Equivalent
  • Debt Others

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Bandhan Overnight Fund - Direct (IDCW-M)
  • Stars
  • 1196.63
  • 0.53%
  • 1.65%
  • 3.29%
  • 6.80%
  • 5.52%
  • PGIM India Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 78.35
  • 0.44%
  • 1.45%
  • 3.13%
  • 10.58%
  • 6.81%
  • Shriram Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 268.12
  • 0.48%
  • 1.47%
  • 3.09%
  • 10.48%
  • -
  • Invesco India Overnight Fund - Dir (IDCW-D) RI
  • Stars
  • 374.59
  • 0.66%
  • 2.10%
  • 4.29%
  • 8.89%
  • 6.41%
  • Bandhan Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 1196.63
  • 0.63%
  • 2.02%
  • 4.18%
  • 8.50%
  • 6.96%
  • Nippon India Overnight Fund - Direct (IDCW-W)RI
  • Stars
  • 7558.67
  • 0.41%
  • 1.64%
  • 5.15%
  • 8.44%
  • 6.11%

News

  • Bandhan MF Announces Income Distribution cum Capital Withdrawal (IDCW) under Two schemes Bandhan Mutual Fund has announced 27 June 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

    Bandhan Balanced Advantage Fund:

    Regular Plan ? IDCW: 0.224

    Direct Plan ? IDCW: 0.253

    Bandhan Hybrid Equity Fund:

    Regular Plan ? IDCW: 0.277

    Direct Plan ? IDCW: 0.308

    Powered by Capital Market - Live News

  • Bandhan MF Announces change in fund managers under its schemes Bandhan Mutual Fund has announced the following change in the fund managers of certain schemes of the fund, with effect from 10 June 2024

    Change in Fund Management Responsibilities:

    Name of the Scheme Current Fund Manager(s) Proposed Fund Manager(s)
    Bandhan US Treasury Bond 0-1 year Fund of Fund Mr. Sreejith Balasubramanian
    (Overseas portion)
    Mr. Brijesh Shah (Debt portion)
    Mr. Brijesh Shah (Overseas portion)
    Bandhan Regular Savings Fund Mr. Sumit Agrawal (Equity)
    Mr. Viraj Kulkarni (Equity)
    Mr. Harshal Joshi (Debt)
    Mr. Viraj Kulkarni (Equity)
    Mr. Harshal Joshi (Debt)

    Powered by Capital Market - Live News

  • Bandhan MF Announces change in fund managers under its schemes Bandhan Mutual Fund has announced the following change in the fund managers of certain schemes of the fund, with effect from 07 June 2024

    Change in Fund Management Responsibilities:

    Name of the Scheme Current Fund Manager(s) Proposed Fund Manager(s)
    Bandhan Balanced Advantage Fund Mr. Manish Gunwani (Equity)
    Mr. Sumit Agarwal (Equity)
    Mr. Vishal Biraia (Equity)
    Mr. Brijesh Shah (Debt)
    Mr. Manish Gunwani (Equity)
    Mr. Prateek Poddar (Equity)
    Mr. Brijesh Shah (Debt)
    Bandhan Financial Services Fund Mr. Sumit Agrawal (Equity)
    Mr. Manish Gunwani (Equity)
    Mr. Harshal Joshi (Debt)
    Mr. Sumit Agrawal (Equity)
    Mr. Harshvardhan Agarwal (Equity)
    Mr. Harshal Joshi (Debt)
    Bandhan Hybrid Equity Fund Mr. Manish Gunwani (Equity)
    Mr. Viraj Kulkarni (Equity
    Mr. Harshal Joshi (Debt)
    Mr. Prateek Poddar (Equity)
    Mr. Harshal Joshi (Debt)
    Bandhan Innovation Fund Mr. Manish Gunwani (Equity)
    Mr. Brijesh Shah (Debt)
    Mr. Manish Gunwani (Equity)
    Mr. Prateek Poddar (Equity)
    Mr. Brijesh Shah (Debt)
    Bandhan US Equity Fund of Fund Ms. Ritika Behera Ms. Ritika Behera
    Mr. Gaurav Satra

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 16-Jan-2019
  • Total AUM (Cr) ₹1598.37

Bandhan Overnight Fund - Direct (IDCW-M) is an Overnight Fund-oriented fund from the renowned AMC, Bandhan Mutual Fund. Launched in Jan 2019, this fund is managed by Brijesh Shah. With assets under management (AUM) worth ₹1598.37 (Cr), as of 22-Jul-2024, Bandhan Overnight Fund - Direct (IDCW-M) is categorized as a Overnight Fund within its segment. The fund has generated a return of 4.07% since its launch.
The current NAV of Bandhan Overnight Fund - Direct (IDCW-M) is ₹1004.43, as on 22-Jul-2024. The fund’s benchmark index is Nifty 1D Rate Index. You can invest in Bandhan Overnight Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹1000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 5.52% and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 100.45% in Debt and -0.45% in cash and cash equivalents

FAQs on Bandhan Overnight Fund - Direct (IDCW-M)

Bandhan Overnight Fund - Direct (IDCW-M) is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.07% since inception. Looking to invest in Bandhan Overnight Fund - Direct (IDCW-M)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Bandhan Overnight Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Bandhan Overnight Fund - Direct (IDCW-M)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Bandhan Overnight Fund - Direct (IDCW-M) today and reap the benefits of this Overnight Fund fund!

In the short term, i.e., 1 year, Bandhan Overnight Fund - Direct (IDCW-M) has generated annualised return of 6.80%. In the long-term, the fund has generated 5.52% and - in 3 and 5 years respectively. Since its inception, the fund has generated 4.07% returns.

The expense ratio of Bandhan Overnight Fund - Direct (IDCW-M) Direct Growth is 0.05%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Bandhan Overnight Fund - Direct (IDCW-M) is ₹1598.37 (Cr) as of 22 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Bandhan Overnight Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Bandhan Overnight Fund - Direct (IDCW-M):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Bandhan Overnight Fund - Direct (IDCW-M)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Bandhan Overnight Fund - Direct (IDCW-M). Minimum lumpsum investment Bandhan Overnight Fund - Direct (IDCW-M) is ₹1000 and minimum SIP amount is ₹100. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Bandhan Overnight Fund - Direct (IDCW-M) is ₹1004.43 as on 22 July 2024.

The 5 biggest stock holdings of Bandhan Overnight Fund - Direct (IDCW-M) are:
TBILL-91D (2.19%), TBILL-91D (2.18%), TBILL-91D (0.31%), Reverse Repo (62.56%), TREPS (33.21%)

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