Axis Overnight Fund Overview
Category Overnight Fund
BMSMONEY Rank 2
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹1322.97(R) +0.02% ₹1327.22(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 6.72% 5.98% 4.89% -% -%
LumpSum (D) 6.75% 6.03% 4.95% -% -%
SIP (R) -23.89% 2.99% 4.47% -% -%
SIP (D) -23.85% 3.04% 4.53% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-2.5 -0.59 0.59 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.34% 0.0% 0.0% - 0.29%
Top Overnight Fund
Fund Name Rank Rating
Bank of India Overnight Fund 1
Axis Overnight Fund 2
Uti Overnight Fund 3
Invesco India Overnight Fund 4
Mirae Asset Overnight Fund 5
Pgim India Overnight Fund 6

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Axis Overnight Fund - Regular Plan - Daily IDCW 1000.5
0.0000
0.0000%
Axis Overnight Fund - Direct Plan - Daily IDCW 1000.51
0.0000
0.0000%
Axis Overnight Fund - Regular Plan - Weekly IDCW 1001.38
0.1700
0.0200%
Axis Overnight Fund - Direct Plan - Weekly IDCW 1001.42
0.1700
0.0200%
Axis Overnight Fund - Regular Plan - Monthly IDCW 1005.31
0.1700
0.0200%
Axis Overnight Fund - Direct Plan - Monthly IDCW 1005.34
0.1700
0.0200%
Axis Overnight Fund - Regular Plan - Growth Option 1322.97
0.2300
0.0200%
Axis Overnight Fund - Direct Plan - Growth Option 1327.22
0.2300
0.0200%

Review Date: 20-12-2024

Axis Overnight Fund has shown very good performance in the Overnight Fund category. The fund has rank of 2 out of 26 funds in the category. The fund has delivered return of 6.72% in 1 year, 5.98% in 3 years and 4.89% in 5 years. The category average for the same periods is 6.62%, 10.43% and 7.27% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 0.34. The category average for the same parameter is 0.34 The fund has average risk in the category.

Key Points:

  1. An investment of ₹10,000 in Axis Overnight Fund direct growth option would have grown to ₹10675.0 in 1 year, ₹11922.0 in 3 years and ₹12731.0 in 5 years as of today (20-12-2024).
  2. An SIP of ₹1,000 per month in Axis Overnight Fund direct growth option would have grown to ₹10386.0 in 1 year, ₹37714.0 in 3 years and ₹67286.0 in 5 years as of today (20-12-2024).
  3. Sharpe ratio of the fund is -2.5 which shows very good performance of fund in the overnight fund category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.52
0.51
0.49 | 0.53 4 | 34 Very Good
3M Return % 1.61
1.58
1.52 | 1.65 4 | 34 Very Good
6M Return % 3.25
3.21
3.05 | 3.30 4 | 34 Very Good
1Y Return % 6.72
6.62
6.31 | 6.88 3 | 34 Very Good
3Y Return % 5.98
10.43
5.72 | 128.18 3 | 27 Very Good
5Y Return % 4.89
7.27
4.68 | 66.12 2 | 25 Very Good
1Y SIP Return % -23.89
-23.96
-24.22 | -23.77 3 | 34 Very Good
3Y SIP Return % 2.99
6.42
2.68 | 97.97 3 | 27 Very Good
5Y SIP Return % 4.47
7.62
4.21 | 85.28 2 | 25 Very Good
Standard Deviation 0.34
0.34
0.33 | 0.35 15 | 26 Average
Semi Deviation 0.29
0.29
0.27 | 0.29 19 | 26 Average
Sharpe Ratio -2.50
-2.72
-3.36 | -2.29 2 | 26 Very Good
Sterling Ratio 0.59
0.58
0.56 | 0.60 2 | 26 Very Good
Sortino Ratio -0.59
-0.62
-0.70 | -0.56 2 | 26 Very Good
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.52 0.52 0.50 | 0.54 5 | 34
3M Return % 1.62 1.61 1.56 | 1.67 4 | 34
6M Return % 3.28 3.25 3.16 | 3.34 3 | 34
1Y Return % 6.75 6.71 6.50 | 6.97 3 | 34
3Y Return % 6.03 10.52 5.82 | 128.34 3 | 27
5Y Return % 4.95 7.37 4.79 | 66.26 6 | 25
1Y SIP Return % -23.85 -23.89 -24.06 | -23.71 3 | 34
3Y SIP Return % 3.04 6.51 2.79 | 98.13 3 | 27
5Y SIP Return % 4.53 7.71 4.32 | 85.42 3 | 25
Standard Deviation 0.34 0.34 0.33 | 0.35 15 | 26
Semi Deviation 0.29 0.29 0.27 | 0.29 19 | 26
Sharpe Ratio -2.50 -2.72 -3.36 | -2.29 2 | 26
Sterling Ratio 0.59 0.58 0.56 | 0.60 2 | 26
Sortino Ratio -0.59 -0.62 -0.70 | -0.56 2 | 26
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.02 ₹ 10,002.00 0.02 ₹ 10,002.00
1W 0.13 ₹ 10,013.00 0.13 ₹ 10,013.00
1M 0.52 ₹ 10,052.00 0.52 ₹ 10,052.00
3M 1.61 ₹ 10,161.00 1.62 ₹ 10,162.00
6M 3.25 ₹ 10,325.00 3.28 ₹ 10,328.00
1Y 6.72 ₹ 10,672.00 6.75 ₹ 10,675.00
3Y 5.98 ₹ 11,903.00 6.03 ₹ 11,922.00
5Y 4.89 ₹ 12,697.00 4.95 ₹ 12,731.00
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 -23.89 ₹ 10,383.76 -23.85 ₹ 10,386.43
3Y ₹ 36000 2.99 ₹ 37,684.26 3.04 ₹ 37,714.43
5Y ₹ 60000 4.47 ₹ 67,192.92 4.53 ₹ 67,286.34
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Axis Overnight Fund NAV Regular Growth Axis Overnight Fund NAV Direct Growth
20-12-2024 1322.9738 1327.2201
19-12-2024 1322.7456 1326.9897
18-12-2024 1322.5107 1326.7526
17-12-2024 1322.276 1326.5157
16-12-2024 1322.0377 1326.2752
13-12-2024 1321.3168 1325.5476
12-12-2024 1321.0857 1325.3142
11-12-2024 1320.8498 1325.0762
10-12-2024 1320.6108 1324.835
09-12-2024 1320.3734 1324.5953
06-12-2024 1319.6653 1323.8807
05-12-2024 1319.4297 1323.6428
04-12-2024 1319.1933 1323.4042
03-12-2024 1318.9684 1323.1771
02-12-2024 1318.7455 1322.9521
29-11-2024 1318.0443 1322.2442
28-11-2024 1317.808 1322.0058
27-11-2024 1317.571 1321.7666
26-11-2024 1317.3351 1321.5285
25-11-2024 1317.0967 1321.2878
22-11-2024 1316.3794 1320.564
21-11-2024 1316.1443 1320.3266

Fund Launch Date: 07/Mar/2019
Fund Category: Overnight Fund
Investment Objective: The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Fund Description: An open-ended debt scheme investing in overnight securities
Fund Benchmark: NIFTY 1D Rate Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.