HDFC Overnight Direct Plan - Growth Option
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About HDFC Overnight Fund - Direct
It is an open-ended debt scheme that invests in debt and money market instruments that have overnight maturity. The fund makes predominant investments in Collateralised Borrowing & Lending Obligations (CBLO), overnight reverse repos, and fixed income securities/instruments with overnight maturity.
Pros and Cons of HDFC Overnight Fund - Direct
The three-year returns from the fund is higher than the category average returns. The exit load is zero.
Fund Information and Statistics
i) Inception/Launch Date
The fund scheme was incepted on 6 February 2002.
ii) Risk Level
The fund scheme comes with a low risk profile.
There is no lock-in period for the principal invested. Further, the exit load is zero. Therefore, you can redeem units without additional cost.
iv) Fund Manager
Mr Anil Bamboli and Mr Anand Laddha are the current Fund Managers.
v) Entry/Exit Load
There is no entry and exit load for the fund.
About HDFC Mutual Fund
HDFC Mutual Fund was set up and registered with SEBI on 30 June 2000. Housing Development Finance Corporation Limited and Standard Life Investments Limited are the sponsors for the fund house. HDFC Trustee Company Limited is the trustee company. As of 30 September 2020, the fund house offers about 100 different folios.
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Frequently Asked Questions
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Min amount: ₹0
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns