Investment Objective and Approach

The Scheme seeks 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.

ITI Overnight Fund - Regular Plan is mandated to invest in bonds having a maturity of just one day. This fund follows a conservative debt investment strategy, focusing on:

- Primary Investment: Overnight securities with 1-day maturity

- Risk Profile: The ITI Overnight Fund Direct Growth is rated Low risk

- Liquidity Focus: High liquidity for short-term parking of funds

- Target Investors: They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The fund is designed for investors seeking capital preservation with marginally higher returns than traditional savings accounts while maintaining complete liquidity.

Fund Managers

Current Fund Manager: George Heber Joseph is the Current Fund Manager of ITI Overnight Fund Direct Growth fund. George Heber Joseph is an Associate Chartered Accountant. He worked at ICICI Prudential AMC before joining ITI Mutual Fund. Currently, he is the CEO & Chief Investment Officer.

Previous Management: Fund Manager: Mr. Vikrant Mehta from (Managing since January 18, 2021).

George Heber Joseph brings extensive experience from his tenure at ICICI Prudential AMC and currently oversees the fund's operations as both CEO and Chief Investment Officer of ITI Mutual Fund.

About the Fund House (AMC)

ITI Mutual Fund is managed by ITI Asset Management Limited, The promoter of the AMC is the Investment Trust of India Ltd. ITI Mutual Fund, established in 2018, was founded with the aim of providing top-tier investment solutions for long-term wealth generation. It prides itself on offering considerate and investor-focused investment solutions, supported by a highly experienced team of researchers and investment managers.

Key Highlights:

- Establishment: ITI Mutual Fund, established in 2018

- Total AUM: ₹9,909.06 crore as of September 30, 2024

- Investment Philosophy: With a team comprising some of the industry's leading equity and credit researchers, as well as investment managers, ITI AMC operates on a distinctive investment philosophy and strategy designed to deliver long-term returns.

- Business Focus: The AMC is a part of the ITI Group of Companies, an emerging conglomerate that offers a range of financial services, including equity research for both retail and institutional clients, equity broking for retail and institutional customers, investment banking, asset-based lending, and alternative inve

Established to offer a range of mutual fund schemes, ITI Mutual Fund aims to cater to diverse investor needs with a focus on long-term wealth creation. They provide various investment options, including equity, debt, and hybrid funds, managed by experienced professionals dedicated to delivering consistent and superior investment performance.

Should I Invest in ITI Overnight Fund?

Fund Performance Metrics:

- Latest NAV: ₹1268.56 as of 29 Dec. 2024

- AUM: ₹15 Cr as of 31-Dec-2024

- Expense Ratio: The expense ratio of ITI Overnight Fund is 0.08% for Direct Plan and 0.18 for Regular Plan

- Returns: It has delivered 4.71% returns since inception and The fund has delivered a CAGR of 4.88 since inception.

- Launch Date: This fund has been launched on 29-10-2019

- Track Record: The 1-year, 3-year and 5-year returns of this fund were 6.39, 5.73 and 4.68 respectively.

Investment Considerations:

Suitable For:

- Emergency fund parking with better returns than savings accounts

- Short-term liquidity needs (few days to one year)

- Risk-averse investors seeking capital preservation

- Temporary parking of funds before making other investments

Key Benefits:

- The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

- No lock-in period providing complete flexibility

- Professional fund management with low expense ratio

- Daily liquidity for redemptions

Important Note: Remember, these funds are geared to deliver only marginally higher returns than your bank account.

FAQs

What is today's NAV of ITI Overnight Fund?

The latest NAV is ₹1268.56 as of 29 Dec. 2024 for the Regular Plan. NAV is updated daily and can be checked on the fund house website or Allvest platform.

What is the AUM of ITI Overnight Fund?

The AUM of ITI Overnight Fund - Regular Plan Fund is ₹15 Cr as of 31-Dec-2024, indicating a relatively smaller fund size suitable for niche overnight funding requirements.

What is the expense ratio of ITI Overnight Fund?

The expense ratio of ITI Overnight Fund is 0.08% for Direct Plan and Regular Plan: 0.18%, making it cost-effective for short-term investments.

What are the returns of ITI Overnight Fund since inception?

The fund has delivered a CAGR of 4.88 since inception. Inception date of the scheme (25-Oct-19), providing consistent returns over its 5+ year track record.

What is the minimum SIP amount to invest in ITI Overnight Fund?

The min. SIP amount to invest in this scheme is ₹500. This makes the fund accessible for regular small investments through systematic investment plans.

How do I invest in ITI Overnight Fund?

You can invest in ITI Overnight Fund through Allvest platform by selecting the fund, choosing between lump sum or SIP, completing KYC requirements, and making payment through various digital methods including UPI, net banking, or bank transfer.

How to start a SIP in ITI Overnight Fund?

To start SIP in ITI Overnight Fund through Allvest, log in to your account, search for the fund, select 'Monthly SIP' option, enter desired amount (minimum ₹500), choose SIP date, and complete the payment setup with auto-debit authorization.

How do I automate an SIP in ITI Overnight Fund?

SIP automation can be set up through Allvest by providing bank account details for auto-debit, selecting your preferred deduction date, and authorizing the mandate. This ensures hassle-free monthly investments without manual intervention.

How can I withdraw/redeem my investment in ITI Overnight Fund?

You can redeem your ITI Overnight Fund investment through Allvest platform by logging into your account, selecting the fund, choosing redemption amount (partial or full), and submitting the request. There is no lock in period in ITI Overnight Fund, ensuring complete liquidity.