This Overnight Fund Is Good For Short Term Investment, Given 3.45% Annual Average Returns

This overnight Mutual fund is a good alternative to park your emergency funds to earn good returns compared to what saving accounts pay. The objective of the fund is to seek to generate returns commensurate with low risk and provide a high level of liquidity, through investments made in overnight securities having maturity of 1 business day. However, investors should note, that the scheme doesn't guarantee returns and are subject to risk despite being a debt mutual fund.

WhiteOak Capital Overnight Fund - Direct Plan-Growth

This Overnight Mutual Fund is an open-ended fund from the Whiteoak Capital Mutual Fund. This fund was launched on 23 August 2019. It is a small fund of its category with an AUM of Rs 26.31 crore. The recent declared NAV on 05th May 2022 is Rs 1095.9777. The fund has an expense ratio of 0.27%, which is higher than its category average expense ratio. 

As this fund is a debt mutual fund, it is a rated low risky fund. The minimum investment amount required for investment in this fund is Rs 500 for both Lump-Sum payment and SIP. As this is an overnight fund, it has no lock-in period, and it charges Rs 0 for the exit. CRISIL Overnight Fund AI Index is the fund's benchmark. This fund is best suited for the investors who want to invest in the very short term and are looking for an alternative to bank accounts/deposits.

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its launch, it has delivered 3.45% average annual returns.

Tenure	Absolute Returns	Annualised Returns
1 Year	3.18%	3.18%
2 Year	6.20%	3.06%
Since Inception	9.60%	3.45%

SIP Returns

Tenure	Absolute Returns	Annualised Returns
1 Year	1.72%	3.22%
2 Year	3.27%	3.13%

Portfolio

WhiteOak Capital Overnight Fund-Direct-Growth has allocated its funds majorly in Cash Equivalent Sectors. Its top holdings are Cblo/Treps, Net Receivables/(Payable).

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.