Groww Overnight Fund - UD LT 3 Years
Overnight FundNAV
1199.17(0.03%)Fund Size (CR)
₹15.27Expense Ratio
0.24Scheme Type
Active FundValue Research
-
Min. investment
₹500Minimum Additional Investment
₹100Minimum SIP Investment
₹100Minimum Withdrawal
₹500Exit Load
0%Return Since Launch
6.01%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Kaustubh Sule
Bench Mark
CRISIL Liquid Overnight Index
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | 8 January 2025 | 10008.53 | 0.09% | - | 0.09% | 209/256 |
| 1 Month | 15 December 2024 | 10055.85 | 0.56% | - | 0.47% | 77/256 |
| 3 Month | 15 October 2024 | 10157.60 | 1.58% | - | 1.45% | 162/255 |
| 6 Month | 15 July 2024 | 10301.01 | 3.01% | - | 2.92% | 184/254 |
| 1 Year | 15 January 2024 | 10651.94 | 6.52% | 6.52% | 6.02% | 160/252 |
| 3 Year | 15 January 2022 | 11952.03 | 19.52% | 6.12% | 5.54% | 22/203 |
| 5 Year | - | - | 0% | - | 4.87% | -/- |
| Since Inception | 1 December 2021 | 12000.59 | 20.01% | 6.01% | 5.95% | 61/256 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 February 2024 | 1,20,000 | 123740.32 | 3.12% | 3.12% |
| 3 Year | 1 February 2022 | 3,60,000 | 396810.50 | 10.23% | 3.30% |
| 5 Year | - | - | - | - | - |
| 10 Year | - | - | - | - | - |
Note: SIP Returns since Inception Date.
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
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
0.12%
Standard Deviation
0.01%
Beta
-2.13%
Sharpe Ratio
-9.89%
Treynor's Ratio
-0.91%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| Reverse Repo | 97.49% | - | 14.89 | Reverse Repo | Debt Others |
| C C I | 2.03% | 310 | 0.31 | Reverse Repo | Debt Others |
| Net CA & Others | 0.48% | - | 0.07 | Net CA & Others | Debt Others |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| PGIM India Overnight Fund - Direct (IDCW-W) | 102.82 | 0.77% | 3.57% | 8.05% | 12.28% | 8.18% | |
| Nippon India Overnight Fund - Direct (IDCW-W)RI | 6842.60 | 0.55% | 1.51% | 3.16% | 8.47% | 6.67% | |
| Bandhan Overnight Fund - Direct (IDCW-D) RI | 805.01 | 0.75% | 2.11% | 4.10% | 8.46% | 7.65% | |
| TRUSTMF Overnight Fund - Direct (IDCW-D) RI | 139.01 | 0.68% | 2.13% | 4.29% | 8.43% | - | |
| Bandhan Overnight Fund - Direct (IDCW-W) RI | 805.01 | 0.56% | 2.55% | 4.22% | 7.70% | 6.43% |
News
Groww launches new funds to tap into India's railway sector growth
Groww Mutual Fund has launched the Groww Nifty India Railways PSU Index Fund and ETF. These funds aim to provide investors with exposure to the Indian Railways sector, a critical component of the country's infrastructure. 'The New Fund Offer (NFO) for both instruments is open from January 16, 2025, to January 30, 2025. Both products seek to track the Nifty India Railways PSU Index, which encompasses a diverse range of Public Sector Undertakings (PSUs) crucial to the Indian Railways, covering areas like infrastructure, logistics, finance, and technology. '
As the world's fourth-largest railway network, Indian Railways plays a vital role in the country's economy. In FY 2024, it transported a staggering 6.7 billion passengers and moved over 1,588 million metric tonnes of freight. '
The sector is currently undergoing a significant transformation, fueled by a substantial capital expenditure plan of Rs 2.62 lakh crore for FY 2024-25. This investment will drive modernization initiatives, including high-speed rail projects, station redevelopments, and the integration of renewable energy sources, enhancing operational efficiency and sustainability. '
The ETF directly mirrors the Nifty India Railways PSU Index-TRI, offering investors a transparent and cost-effective way to participate in the sector's growth. The portfolio is weighted towards mid-cap stocks, which have the potential for significant long-term growth. The fund comprises 14 stocks with growth potential, providing diversified exposure to the railway sector.
Data suggests the Nifty India Railways PSU Index has outperformed the Nifty 500 Index over various timeframes. The index has delivered 26.81% returns for 1-year investment horizons. From April 2001 to December 2024, this index recorded a CAGR of 46.55%.
'
Powered by Capital Market - Live News
Groww Mutual Fund Change in minimum lumpsum investment amount
Groww Mutual Fund announces that the minimum lumpsum investment amount for Groww Dynamic Bond Fund stands modified as under with effect from December 04, 2024.Scheme Name Existing Lumpsum investment amount Revised Lumpsum investment amount Groww Dynamic Bond Fund Rs. 100 and in multiples of Re. 1/- thereafter Rs. 500 and in multiples of Re.1 thereafter Groww Overnight Fund Rs. 100 and in multiples of Re. 1/- thereafter Rs. 500/- and in multiples of Re. 1/- thereafter Groww Liquid Fund Rs. 100/- and in multiples of Re. 1/- thereafter Rs. 500/- and in multiples of Re. 1/- thereafter Groww Short Duration Fund Rs. 100/- and in multiples of Re. 1/- thereafter Rs. 500/- and in multiples of Re. 1/- thereafter Groww Value Fund Rs. 10 and in multiples of Re. 1/- thereafter Rs. 500/- and in multiples of Re. 1/- thereafter Groww Total Market Index Fund Rs. 100/- and in multiples of Re. 1/- thereafter Rs. 500/- and in multiples of Re. 1/- thereafter Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
30 November 2021
Total AUM (Cr)
₹15.27
Groww Overnight Fund - UD LT 3 Years is an Overnight Fund-oriented fund from the renowned AMC, Groww Mutual Fund. Launched in 30 November 2021, this fund is managed by Kaustubh Sule. With assets under management (AUM) worth ₹15.27 (Cr), as of 16 January 2025, Groww Overnight Fund - UD LT 3 Years is categorized as a Overnight Fund within its segment. The fund has generated a return of 6.01% since its launch.
The current NAV of Groww Overnight Fund - UD LT 3 Years is ₹1,199.17, as on 16 January 2025. The fund's benchmark index is CRISIL Liquid Overnight Index. You can invest in Groww Overnight Fund - UD LT 3 Years via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 6.12% and undefined% 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 99.52% in Debt and 0.48% in cash and cash equivalents.
FAQs
How to Invest in Groww Overnight Fund - UD LT 3 Years Direct Growth?
Groww Overnight Fund - UD LT 3 Years is a popular fund in the Overnight Fund segment. The fund has generated a return of 6.01% since inception. Looking to invest in Groww Overnight Fund - UD LT 3 Years How about earning 1% extra return? All this is possible with m.Stock! Investing in Groww Overnight Fund - UD LT 3 Years 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 - UD LT 3 Years
- 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 - UD LT 3 Years today and reap the benefits of this Overnight Fund fund!
How much returns has Groww Overnight Fund - UD LT 3 Years Direct Growth generated?
What is the expense ratio of Groww Overnight Fund - UD LT 3 Years Direct Growth?
What is the AUM of Groww Overnight Fund - UD LT 3 Years Fund Direct Growth?
How to redeem or withdraw money from Groww Overnight Fund - UD LT 3 Years Direct Growth?
Redeeming or selling units of Groww Overnight Fund - UD LT 3 Years 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 - UD LT 3 Years:
- 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 - UD LT 3 Years).
- 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).