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Axis Overnight Fund

Growth
DebtOvernight Fund
Large-size FundAssets Under Mgmt: ₹ 7,828 Cr
Low RiskPrinciple investment will be at low risk
1,346.100.02% (+0.23)

Price Chart

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Returns
0.00%
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Max
SIP
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1M
6M
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DebtOvernight Fund
Large-size FundAssets Under Mgmt: ₹ 7,828 Cr
Low RiskPrinciple investment will be at low risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.056.7334.83
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
0.126.5219.62

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
Growth0 yrs0.00%
Nil
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 500
Initial: ₹ 500 Incremental: ₹ 500
BenchmarkBenchmark
Nifty 1D Rate Index

About Overnight Fund

Overnight funds are debt funds. They invest in debt securities with overnight maturities. These funds are the most liquid investment securities with the minimum exposure to risk.

Peers & Comparison

Comparing 3 mutual funds from 
DebtOvernight Fund
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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Axis Overnight Fund6.69%6.27%5.09%
SBI Overnight Fund6.63%6.20%6.26%
HDFC Overnight Fund6.59%6.18%6.04%
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme6.63%6.22%5.98%

Price Comparison

Compare Axis Overnight Fund with any MF, ETF, stock or index
Compare Axis Overnight Fund with any MF, ETF, stock or index
Axis Overnight Fund
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Asset Allocation

Actual

Target

Jun 2024

Sep 2024

Dec 2024

Feb 2025

ACTUAL
Treasury BillsCash & Equivalents4.78%95.22%

Jun 2024

Sep 2024

Dec 2024

Feb 2025

Tickertape Separator

Sector Distribution

OthersG-SecInvestment Banking & Brokerage0.42 %4.78 %94.80 %

Jun 2024

Sep 2024

Dec 2024

Feb 2025

Tickertape Separator

Sector Weightage

Dec 23Mar 24Jun 24Sep 24Dec 24Feb 2595.55%88.96%93.12%93.02%94.25%94.80%
Investment Banking & Brokerage as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Debt

Others

  • Constituent
    Holding Weight
    3M Change

AMC Profile

Axis Asset Management Company Ltd. is the mutual fund investment wing of Axis Bank, the 3rd largest private bank in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.

  • No.of Schemes

    72

  • Total AUM

    ₹ 3,05,502.47 Cr.

Fund Manager Profile

Sachin Jain

AUM:  ₹83,102.70 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp:

Hardik Satra

AUM:  ₹7,828.07 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp:

Manager Performance (0)

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Tax Implications

Invested period < 2 years

Gains are added to taxable income and taxed according to the individual’s income tax slab

Invested period > 2 years(Investments from 1st April 2023)

Gains are added to taxable income and taxed according to the individual’s income tax slab

Invested period > 2 years(Investments before 1st April 2023)

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.
Annual Income
As per the tax implications, in some cases, tax on MF returns depends on your annual income slab

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Opinions and Fund Reviews

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Frequently asked questions

  1. What is the current price / NAV of Axis Overnight Fund?

    The current NAV of Axis Overnight Fund is ₹1346.10, as of 10th March 2025.

  2. What are the returns of Axis Overnight Fund?

    The Axis Overnight Fund was launched on 15th March 2019. This mutual fund's past returns are as follows:
    • 1 Year Returns: 6.69%
    • 3 Year Returns: 6.27%
    • 5 Year Returns: 5.02%

  3. What are the top 5 sectoral holdings of Axis Overnight Fund?

    The top sectors Axis Overnight Fund has invested in are as follows:
    • Investment Banking & Brokerage | 94.80%
    • G-Sec | 4.78%
    • Others | 0.42%
    This data is as on 10th March 2025.

  4. What are the top 5 holdings of Axis Overnight Fund?

    The top 5 holdings for Axis Overnight Fund are as follows:
    • Clearing Corporation of India Ltd | 94.80%
    • 364 Days Tbill (MD 13/03/2025) | 1.91%
    • 364 Days Tbill (MD 20/03/2025) | 1.27%
    • 182 Days Tbill (MD 06/03/2025) | 0.96%
    • 91 Days Tbill (MD 13/03/2025) | 0.64%
    This data is as on 10th March 2025.

  5. What is the asset allocation of Axis Overnight Fund?

    The asset allocation for Axis Overnight Fund is as follows:
    • Cash & Equivalents | 95.22%
    • Treasury Bills | 4.78%
    This data is as on 10th March 2025.

  6. What is the AUM of Axis Overnight Fund?

    The AUM (i.e. assets under management) of Axis Overnight Fund is ₹7828.07 Cr as of 10th March 2025.

  7. What is the expense ratio of Axis Overnight Fund?

    The expense ratio of Axis Overnight Fund Plan is 0.05 as of 10th March 2025.

  8. What is the alpha ratio of Axis Overnight Fund?

    The alpha ratio for the Axis Overnight Fund is 0.03

    Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

  9. What is the volatility or standard deviation of Axis Overnight Fund?

    The volatility or standard deviation for the Axis Overnight Fund is 0.01

    Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

  10. What is the sharpe ratio of Axis Overnight Fund?

    The Sharpe ratio for the Axis Overnight Fund is 34.83

    The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

  11. What is the Sortino ratio of Axis Overnight Fund?

    The Sortino Ratio for the Axis Overnight Fund is 0.15

    The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.