INF277K017T7
Tata Overnight Fund - Low Risk, High Liquidity Debt Mutual Fund | Allvest
Explore Tata Overnight Fund - An ultra-short duration debt fund investing in overnight securities with 1-day maturity. Check latest NAV, returns, AUM, and investment options.
The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Tata Overnight Fund is mandated to invest in bonds having a maturity of just one day.
The fund follows a simple investment approach focused on:
- Ultra-short maturity: Investment in overnight securities having maturity of 1 day
- Capital preservation: Designed to offer stability with minimal risk
- High liquidity: Provides easy entry and exit options for investors
- Low volatility: Standard deviation measures the volatility or risk associated with the returns of a mutual fund, with this fund showing minimal volatility at 0.02
The fund primarily invests in cash and cash equivalents, with 94.62% in Cash & Cash Eq. and 5.38% in Debt as of 28-Feb-2025.
Key Investment Details:
- Minimum lump sum investment: ₹5,000
- Minimum SIP amount: ₹500
- Fund launch date: 27th March 2019
- No lock-in period: There is no lock in period
Amit Somani (Managing Since 26-Mar-19 is the primary fund manager for Tata Overnight Fund.
Amit Somani's Profile:
- Joined Tata AMC in 2012 and is the Senior Fund Manager
- Has more than 17 years of experience in Global and Indian financial markets specializing in Credit Analysis and Fund Management
- B. Com, PGDBM, and CFA Charterholder
- Previous experience with Fidelity Investments, Netscribes Pvt. Ltd, SPA Capital, and Khandwala Securities
Akhil Mittal also supports debt fund management at Tata AMC:
- Joined Tata Mutual Fund in 2014 as the Senior Fund Manager of Fixed Income
- Holds a B.Com degree from the Panjab University and an MBA degree from the University Business School
- Currently manages assets over INR 4000 crores invested across debt funds
Tata Asset Management Limited (TAML) manages Tata Overnight Fund and is part of the prestigious Tata Group.
Company Overview:
- Established in 1994 and their business model based on trust, service and performance
- Registered as a mutual fund with SEBI under the registration code MF/023/95/9
- Current AUM: Rs. 147169.65 Crores as of 31 March 2024
- Ownership structure: Tata Sons Ltd. holds 67.91% shares in TAML, 32.09% shares are held by Tata Investment Corporation Ltd
Investment Philosophy:
- Their business is based on the 3 most significant aspects – performance, service, and trust
- Vision is to deliver a better quality of life to their investors by securing their financial future
- Currently offers hybrid funds, equity funds, and fixed income funds
Awards and Recognition:
- CNBC TV 18 Mutual Fund Awards also awarded the Tata Treasury Advantage Fund as the Best Low Duration Debt Fund
- Multiple fund awards recognizing performance across categories
Who Should Consider This Fund:
- Conservative investors seeking minimal risk
- Those requiring high liquidity for emergency funds
- Investors looking for slightly higher returns than savings accounts
- Portfolio diversification for risk-averse investors
- Short-term parking of surplus funds
Key Considerations:
Positives:
- Ultra-low risk: The riskometer level is Low
- High liquidity: Instant redemption facility
- Stable returns: Fund's annualized returns for the past 3 years & 5 years has been around 6.48% & 5.26%
- Low expense ratio: 0.06 for direct plan, 0.18 for regular plan
- No exit load: No penalty for early redemption
Limitations:
- These funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run
- Not ideal for long-term wealth creation
- Returns may not beat inflation significantly
- Limited capital appreciation potential
Current Fund Metrics (as of latest available data):
- AUM: ₹3,610 Cr as of 28-Feb-2025
- Alpha ratio: 0.02
- Sharpe ratio: 13.04
What is today's NAV of Tata Overnight Fund?
The NAV changes daily. Please check the latest NAV on Allvest platform or the official fund website for current pricing.
What is the AUM of Tata Overnight Fund?
₹3,610 Cr as of 28-Feb-2025 for the fund across both regular and direct plans.
What is the expense ratio of Tata Overnight Fund?
0.06 for the direct plan and 0.18 for the regular plan, making it cost-effective for investors.
What are the returns of Tata Overnight Fund since inception?
The fund has delivered annualized returns of around 6.48% over 3 years & 5.26% over 5 years, providing steady low-risk returns.
What is the minimum SIP amount to invest in Tata Overnight Fund?
₹500 is the minimum SIP amount, making it accessible for regular investors with modest investment capacity.
How do I invest in Tata Overnight Fund?
You can easily invest through Allvest platform by completing your KYC, selecting the fund, and choosing between lump sum or SIP investment options.
How to start a SIP in Tata Overnight Fund?
Register on Allvest, complete KYC verification, select Tata Overnight Fund, choose SIP option, set amount and frequency, and authorize auto-debit from your bank account.
How do I automate an SIP in Tata Overnight Fund?
After setting up SIP on Allvest, provide bank mandate for auto-debit. The system will automatically deduct the SIP amount on scheduled dates.
How can I withdraw/redeem my investment in Tata Overnight Fund?
There is no lock in period, so you can redeem anytime through Allvest platform. Redemption 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