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The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity. The Nippon India Overnight Fund Direct Plan Growth is an open-ended debt mutual fund scheme that invests in a portfolio of overnight securities.
The fund follows a conservative investment approach focused on:
- Capital preservation with minimal credit risk
- High liquidity through overnight maturity instruments
- Stable returns with low volatility
- Cash equivalent investments primarily in government securities and treasury bills
Nippon India Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. The fund primarily invests in instruments like 91-day Treasury Bills, 182-day Treasury Bills, and other short-term government securities, ensuring maximum safety of capital.
Anju Chhajer is the Current Fund Manager of Nippon India Overnight Fund Direct Growth fund. Anju Chhajer is a Chartered Accountant from the Institute of Chartered Accountants of India. Before joining Nippon Mutual Fund as Senior Fund Manager she worked at National Insurance Co. Ltd as a Treasury Incharge. She has over 16 years of experience in financial services.
Key qualifications and experience:
- Chartered Accountant from the Institute of Chartered Accountants of India
- Over 16 years of experience in financial services
- Previous role as Treasury Incharge at National Insurance Co. Ltd
- Current position as Senior Fund Manager at Nippon India Mutual Fund
The fund is managed by Anju Chhajer, Siddharth Deb. The fund benefits from experienced management with deep understanding of debt markets and treasury operations.
The fund is managed by Nippon India Mutual Fund, one of the leading asset management companies in India. Nippon India Mutual Fund is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 2,79,431 Crores. NIMF has been established as a trust under the Indian Trusts Act, 1882 with Nippon Life Insurance Company as its Sponsor and Nippon Life India Trustee Ltd as its Trustee.
Key highlights of Nippon India Mutual Fund:
- Total AUM: ₹573,673.69 Cr
- Number of Schemes: 314
- Sponsor: Nippon Life Insurance Company is the Sponsor of the Nippon India AMC and the trustee of the fund house is Nippon Life India Trustee Ltd.
- Regulatory Status: Yes, it is safe to invest in a Nippon India Mutual Fund. In fact, Nippon India Mutual Fund is one of the most reputed asset management companies in the country.
The fund house has established itself as one of the fastest-growing AMCs in India with presence across multiple locations, ensuring wide accessibility for investors.
This fund is suitable for investors who prioritize:
Ideal for:
- Conservative investors seeking capital preservation
- Short-term parking of surplus funds
- Emergency fund creation with high liquidity
- Corporate treasuries managing working capital
- Risk-averse investors wanting stable, predictable returns
Key Investment Metrics (as of latest available data):
- Latest NAV: ₹137.16
- AUM: ₹6970.38 Cr as of 2nd April 2025
- Expense Ratio: 0.08 as of 2nd April 2025
- Risk Rating: Low risk
- Returns Since Inception: 5.15% CAGR
- 1 Year Return: 6.66% CAGR
- 3 Year Return: 6.32% CAGR
- 5 Year Return: 5.05% CAGR
Risk Considerations:
- Interest rate risk: Minimal due to overnight maturity
- Credit risk: Very low as investments are primarily in government securities
- Liquidity risk: Negligible with daily redemptions allowed
The fund offers an excellent option for investors seeking better returns than savings accounts while maintaining high liquidity and minimal risk.
What is today's NAV of Nippon India Overnight Fund?
The latest NAV for Nippon India Overnight Fund is ₹137.16. NAV is updated daily and reflects the current market value of the fund's holdings.
What is the AUM of Nippon India Overnight Fund?
The AUM (assets under management) of Nippon India Overnight Fund is ₹6970.38 Cr as of 2nd April 2025. This substantial AUM indicates strong investor confidence in the fund.
What is the expense ratio of Nippon India Overnight Fund?
The expense ratio of Nippon India Overnight Fund Plan is 0.08 as of 2nd April 2025. This is quite competitive and lower than the category average of 0.13%.
What are the returns of Nippon India Overnight Fund since inception?
Nippon India Overnight Fund Direct Growth has given a CAGR return of 5.15% since inception. The fund has consistently delivered stable returns over its investment tenure.
What is the minimum SIP amount to invest in Nippon India Overnight Fund?
Minimum SIP Investment is set to ₹100. You can also invest via lumpsum with the same minimum amount of ₹100.
How do I invest in Nippon India Overnight Fund?
You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount and payment method. Allvest offers zero commission investing with easy online process.
How to start a SIP in Nippon India Overnight Fund?
Log into your Allvest account, search for Nippon India Overnight Fund, select SIP option, choose monthly amount (minimum ₹100), set up bank mandate or UPI autopay for automated deductions.
How do I automate an SIP in Nippon India Overnight Fund?
Through Allvest, you can set up automated SIP using bank mandate or UPI autopay. Once configured, the specified amount will be automatically deducted and invested on your chosen date each month.
How can I withdraw/redeem my investment in Nippon India Overnight Fund?
You can redeem your investment through Allvest platform by placing a redemption request. The fund offers high liquidity with no exit load, and proceeds are typically credited within 1-2 business days.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer