Groww Overnight Fund - Direct (IDCW-D) RI


Overnight Fund
SIP Lumpsum
  • NAV 1001.02 (0%)
  • Fund Size (Cr) ₹32.04
  • Expense Ratio 0.08
  • Scheme Type Active Fund
  • Value Research
SIP Lumpsum
  • Minimum investment ₹100
  • Minimum Additional Investment ₹100
  • Minimum SIP Investment ₹10
  • Minimum Withdrawal ₹100
  • Exit Load 0%
  • Return Since Launch 4.50%

Basic Details

Scheme Manager
Karan Singh
Bench Mark
CRISIL Liquid Overnight Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 24-Nov-23
  • 10009.90
  • 0.10%
  • -
  • 0.11%
  • 221/274
  • 1 Month
  • 01-Nov-23
  • 10048.07
  • 0.48%
  • -
  • 0.47%
  • 214/274
  • 3 Month
  • 01-Sep-23
  • 10149.90
  • 1.50%
  • -
  • 1.50%
  • 223/269
  • 6 Month
  • 01-Jun-23
  • 10307.87
  • 3.08%
  • -
  • 2.98%
  • 200/248
  • 1 Year
  • 01-Dec-22
  • 10634.21
  • 6.34%
  • 6.34%
  • 5.93%
  • 176/241
  • 3 Year
  • 01-Dec-20
  • 11506.15
  • 15.06%
  • 4.79%
  • 4.67%
  • 34/176
  • 5 Year
  • 0
  • 0%
  • -
  • 4.63%
  • -/-
  • Since Inception
  • 08-Jul-19
  • 12139.34
  • 21.39%
  • 4.50%
  • 5.65%
  • 150/273

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Jan-23
  • 120000
  • 145525.95
  • 21.27%
  • 21.27%
  • 3 Year
  • 01-Jan-21
  • 360000
  • 436581.35
  • 21.27%
  • 6.64%
  • 5 Year
  • 01-Aug-19
  • 530000
  • 642750.58
  • 21.27%
  • 3.93%
  • 10 Year
  • 01-Aug-19
  • 530000
  • 642750.58
  • 21.27%
  • 1.95%

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
    0.00%
  • Sharpe Ratio
    11.11%
  • Treynor’s Ratio
    -156.71%
  • Jension’s Alpha
    4.50%

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
  • 3.21%
  • 100000
  • 1.00
  • T Bills
  • T Bills
  • C C I
  • 96.63%
  • 30090
  • 30.09
  • Reverse Repo
  • Debt Others
  • Net CA & Others
  • 0.16%
  • 0
  • 0.05
  • Net CA & Others
  • Debt Others

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Groww Overnight Fund - Direct (IDCW-D) RI
  • 32.04
  • 0.48%
  • 1.50%
  • 3.08%
  • 6.34%
  • 4.79%
  • Mahindra Manulife Overnight Fund - Dir (IDCW-D) RI
  • 147.84
  • 0.55%
  • 1.68%
  • 3.34%
  • 12.95%
  • 8.50%
  • Shriram Overnight Fund - Direct (IDCW-D) RI
  • 74.3
  • 0.51%
  • 3.51%
  • 5.32%
  • 9.04%
  • -
  • Bandhan Overnight Fund - Direct (IDCW-D) RI
  • 1587
  • 0.64%
  • 2.02%
  • 4.10%
  • 8.23%
  • 6.05%
  • PGIM India Overnight Fund - Direct (IDCW-D) RI
  • 65.68
  • 1.73%
  • 2.80%
  • 4.40%
  • 7.77%
  • 5.25%
  • Invesco India Overnight Fund - Dir (IDCW-D) RI
  • 971.93
  • 0.61%
  • 2.12%
  • 4.09%
  • 7.52%
  • 5.23%

News

  • Groww Mutual Fund Announces Appointment of Key Personnel Groww Mutual Fund has announced that Mr. Madhu Babu has been appointed as an Assistant Fund Manager (?Key Personnel') of Groww Asset Management Limited (formerly known as Indiabulls Asset Management Co. Ltd.) (AMC) w.e.f. November 30, 2023.

    Details of Mr. Madhu Babu

    Age: 41 years

    Designation: Assistant Fund Manager

    Qualification: BTECH & MBA

    Powered by Capital Market - Live News

  • Groww Mutual Fund Announces merger of Two Schemes into Groww Large Cap Fund Groww Mutual Fund has approved the merge its Groww Nifty 50 ETF and Groww Arbitrage Fund into Groww Large Cap Fund, with effect from 27 October 2023.

    Powered by Capital Market - Live News

  • Groww Mutual Fund Change in Minimum Application Amount Groww Mutual Fund Announces that Change in Minimum Application Amount and minimum additional amount shall be reduced. Groww Mutual Fund stands modified as with effect from September 15, 2023:

    Name of Scheme(s) Existing Minimum Application & Additional Amount Proposed Minimum Application & Additional Amount
    Groww Large Cap Fund, Groww Value Fund, Groww Aggressive Hybrid Fund, Groww Overnight Fund, Groww Liquid Fund, Groww Short Duration Fund and Groww Dynamic Bond Fund For Subscriptions (Lumpsum) Rs. 500 & additional amount Rs. 100 in multiples of Re. 1 For Subscriptions (Lumpsum) Rs. 100 & additional amount Rs. 100 in multiples of Re. 1

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 20-Jun-2019
  • Total AUM (Cr) ₹31.14

Groww Overnight Fund - Direct (IDCW-D) RI is an Overnight Fund-oriented fund from the renowned AMC, Groww Mutual Fund. Launched in Jun 2019, this fund is managed by Karan Singh. With assets under management (AUM) worth ₹31.14 (Cr), as of 03-Dec-2023, Groww Overnight Fund - Direct (IDCW-D) RI is categorized as a Overnight Fund within its segment. The fund has generated a return of 4.50% since its launch.
The current NAV of Groww Overnight Fund - Direct (IDCW-D) RI is ₹1001.02, as on 03-Dec-2023. The fund’s benchmark index is CRISIL Liquid Overnight Index. You can invest in Groww Overnight Fund - Direct (IDCW-D) RI via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹10 while the minimum lumpsum investment is ₹100.
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 4.79% 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 , 99.84% in Debt and 0.16% in cash and cash equivalents

FAQs on Groww Overnight Fund - Direct (IDCW-D) RI

Groww Overnight Fund - Direct (IDCW-D) RI is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.50% since inception. Looking to invest in Groww Overnight Fund - Direct (IDCW-D) RI? How about earning 1% extra return? All this is possible with m.Stock! Investing in Groww Overnight Fund - Direct (IDCW-D) RI 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, Groww Overnight Fund - Direct (IDCW-D) RI
  • 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 Groww Overnight Fund - Direct (IDCW-D) RI today and reap the benefits of this Overnight Fund fund!

In the short term, i.e., 1 year, Groww Overnight Fund - Direct (IDCW-D) RI has generated annualised return of 6.34%. In the long-term, the fund has generated 4.79% and - in 3 and 5 years respectively. Since its inception, the fund has generated 4.50% returns.

The expense ratio of Groww Overnight Fund - Direct (IDCW-D) RI Direct Growth is 0.08%. 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 Groww Overnight Fund - Direct (IDCW-D) RI is ₹31.14 (Cr) as of 03 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Groww Overnight Fund - Direct (IDCW-D) RI 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 Groww Overnight Fund - Direct (IDCW-D) RI:

  • 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 Groww Overnight Fund - Direct (IDCW-D) RI).
  • 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 Groww Overnight Fund - Direct (IDCW-D) RI. Minimum lumpsum investment Groww Overnight Fund - Direct (IDCW-D) RI is ₹100 and minimum SIP amount is ₹10. 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 Groww Overnight Fund - Direct (IDCW-D) RI is ₹1001.02 as on 03 December 2023.

The 5 biggest stock holdings of Groww Overnight Fund - Direct (IDCW-D) RI are:
TBILL-91D (3.21%), C C I (96.63%), Net CA & Others (0.16%)

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