SBI Overnight Fund Direct Plan Growth
Min amount: ₹1,000
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More about this fund
|Net Receivable / Payable||0.21%|
About SBI Overnight fund - Direct
This is an open-ended debt fund that invests in overnight securities maturing on the next business day. It generates returns corresponding to the overnight rate changes in the money markets.
Pros and Cons of SBI Overnight fund - Direct
The exit load of this fund is zero. In addition, the three-year and five-year returns from the fund are higher than the category average returns.
Fund Information and Statistics
i) Inception/Launch Date
The scheme was launched on 1 October 2002.
ii) Risk Level
The scheme comes with a low risk profile since it invests in short-term overnight securities.
Since there is no lock-in period on the principal invested and no exit load applicable, you can redeem units without having to worry about additional costs.
iv) Fund Manager
The current Fund Manager for the scheme is Mr R Arun.
v) Entry/Exit Load
Entry and exit load are not applicable to this fund.
About SBI Mutual Fund
SBI Mutual Fund is one of the oldest fund houses in India and was set up on 29 June 1987. The sponsor for the fund house is State Bank of India and the trustee company is SBI Mutual Fund Trustee Company Private Limited. The average assets under management (AAUM) of the fund house is worth Rs.4,21,362.45 crore as of 30 September 2020.
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Frequently Asked Questions
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Min amount: ₹1,000
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