Nj Overnight Fund Overview
Category Overnight Fund
BMSMONEY Rank N/A
BMSMONEY Rating N/A
Gro. Opt. As On: 29-10-2024
NAV ₹1149.0(R) +0.02% ₹1151.61(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 6.56% -% -% -% -%
LumpSum (D) 6.67% -% -% -% -%
SIP (R) 6.49% -% -% -% -%
SIP (D) 6.59% -% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
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: 29-10-2024

Scheme Name NAV Rupee Change Percent Change
NJ Overnight Fund - Unclaimed Redemption Plan - Upto 3 Years 1002.46
0.1700
0.0200%
NJ Overnight Fund - Regular Plan - Growth Option 1149.0
0.1900
0.0200%
NJ Overnight Fund - Direct Plan - Growth Option 1151.61
0.1900
0.0200%

Review Date: 29-10-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It captures the increment in the investment's value during the investment period, articulated as either a percentage or a monetary denomination. We carefully examined four return parameters of this fund to gauge its performance. The return parameters have been divided into three performance groups: the top 25%, parameters below the top 25% but exceeding the average, and parameters below the average mark. Please find the detailed analysis below.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: The NJ Overnight Fund has one return parameter in the category, which is above average but below the top 25%, as listed below:
      • 1M Return %
    3. Below Average: NJ Overnight Fund has three return parameters that are below average in the category, which are listed below:
      • 1Y Return %
      • 6M Return %
      • 3M Return %
  2. Risk: Various factors can lead to the risk of either not meeting expected returns or encountering a monetary loss. For NJ Overnight Fund, we have analyzed zero risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: NJ Overnight Fund does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: NJ Overnight Fund does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: NJ Overnight Fund does not have any risk parameters above average; which is a good sign.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For NJ Overnight Fund, we have evaluated zero risk-adjusted performance parameters.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.50
0.49
0.42 | 0.52 15 | 35 Good
3M Return % 1.57
1.59
1.37 | 1.64 32 | 35 Poor
6M Return % 3.18
3.21
2.79 | 3.32 32 | 35 Poor
1Y Return % 6.56
6.63
6.00 | 6.99 32 | 35 Poor
1Y SIP Return % 6.49
6.55
5.80 | 6.83 32 | 35 Poor
Return data last Updated On : Oct. 29, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.50 0.50 0.44 | 0.53 12 | 35
3M Return % 1.59 1.61 1.42 | 1.66 30 | 35
6M Return % 3.23 3.26 2.89 | 3.36 30 | 35
1Y Return % 6.67 6.72 6.21 | 7.09 30 | 35
1Y SIP Return % 6.59 6.64 6.01 | 6.91 30 | 35
Return data last Updated On : Oct. 29, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 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 0.12 ₹ 10,012.00 0.12 ₹ 10,012.00
1M 0.50 ₹ 10,050.00 0.50 ₹ 10,050.00
3M 1.57 ₹ 10,157.00 1.59 ₹ 10,159.00
6M 3.18 ₹ 10,318.00 3.23 ₹ 10,323.00
1Y 6.56 ₹ 10,656.00 6.67 ₹ 10,667.00
3Y ₹ ₹
5Y ₹ ₹
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 6.49 ₹ 12,417.35 6.59 ₹ 12,424.14
3Y ₹ 36000 ₹ ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Nj Overnight Fund NAV Regular Growth Nj Overnight Fund NAV Direct Growth
29-10-2024 1148.9988 1151.61
28-10-2024 1148.8091 1151.4168
25-10-2024 1148.2108 1150.8076
24-10-2024 1148.0104 1150.6036
23-10-2024 1147.8081 1150.3978
22-10-2024 1147.6048 1150.1909
21-10-2024 1147.4008 1149.9832
18-10-2024 1146.8249 1149.3966
17-10-2024 1146.634 1149.2021
16-10-2024 1146.4436 1149.0082
15-10-2024 1146.2531 1148.8141
14-10-2024 1146.0631 1148.6205
11-10-2024 1145.4924 1148.0391
10-10-2024 1145.3035 1147.8466
09-10-2024 1145.116 1147.6556
08-10-2024 1144.9275 1147.4635
07-10-2024 1144.7393 1147.2717
04-10-2024 1144.1782 1146.7
03-10-2024 1143.9915 1146.5097
01-10-2024 1143.5184 1146.0293
30-09-2024 1143.329 1145.8364

Fund Launch Date: 01/Aug/2022
Fund Category: Overnight Fund
Investment Objective: The investment objective of the scheme is to seek to generate returns commensurate with risk of investments in overnight instruments.However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Fund Description: An open ended debt scheme investing in overnight securities with a relatively low interest rate risk and relatively low credit risk
Fund Benchmark: NIFTY 1D Rate Index
Source: Fund FactSheet

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