CANARA ROBECO OVERNIGHT FUND (CROF)

Overnight Fund - An open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.
(as on December 29, 2023)


SCHEME OBJECTIVE The investment objective of the Scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities. However, there can be no assurance that the investment objective of the Scheme will be realized.
DATE OF ALLOTMENT 24th July, 2019
BENCHMARK CRISIL Liquid Overnight Index
FUND MANAGER Ms. Suman Prasad
TOTAL EXPERIENCE 24Years
MANAGING THIS FUND Since 24-July-19
ASSET ALLOCATION Overnight Securities *- 0% - 100% (Risk - Low)
*Overnight Securities: Debt and money market instruments with overnight interest rate risk such as debt instruments with one business day residual maturity. Overnight securities include synthetic overnight positions such as reverse repo/tri-party repo & other transactions where the interest rate is reset every business day.
MINIMUM INVESTMENT I. Lump sum Investment:
Minimum amount: ₹ 5,000.00 and multiples of ₹ 1.00 thereafter.
Additional purchases: Minimum amount of ₹ 1000.00 and multiples of ₹ 1.00 thereafter.
II. Systematic Transfer Plan (STP):
For Daily/Weekly/Monthly frequency - ₹ 1000/- and in multiples of ₹ 1/- thereafter.
For Quarterly frequency - ₹ 2000/- and in multiples of ₹ 1/- thereafter.
III. Systematic Withdrawal Plan (SWP):
For Monthly frequency - ₹ 1000/- and in multiples of ₹ 1/- thereafter.
For Quarterly frequency - ₹ 2000/- and in multiples of ₹ 1/- thereafter.
PLANS / OPTIONS Regular Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option
Regular Plan - Growth Option
Direct Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option
Direct Plan - Growth Option
ENTRY LOAD Nil
EXIT LOAD Nil
EXPENSE RATIO^:
Regular Plan : 0.11%
Direct Plan : 0.10%

Monthend AUM#
₹ 168.42 Crores
Monthly AVG AUM
₹ 152.95 Crores

(as on December 29, 2023) (₹)
Regular Plan - Daily IDCW (reinvestment)
1,001.0000
Direct Plan - Daily IDCW (reinvestment)
1,001.0009
Direct Plan - Growth Option
1,217.8015
Regular Plan - Growth Option
1,216.8022

Annualised Portfolio YTM
6.76%
Modified Duration
0.01 Years
Residual Maturity
0.01 Years
Macaulay Duration
0.01 Years

Name of the Instruments Rating
% to NAV
Money Market Instruments
99.41
TREPS
99.41
Other Current Assets
0.59
Grand Total ( Net Asset)
100.00

Fund predominantly invests in tri-party repos, overnight reverse repos and fixed income securities/instruments with maturity of one (1) business day. Fund has minimal interest rate and credit risk and tends to ensure a high degree of liquidity in the portfolio. Fund offers an alternative to corporate and individual investors who may want to park their idle funds for short period of time and expecting minimal interest rate and credit risk.

% Allocation
Net Current Assets
0.59%
0 to 3 Months
99.41%

This product is suitable for investors who are seeking*:
  • Regular income over short term that may be in line with the overnight call rates
  • Investment in overnight securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

$ Source ICRA MFI Explorer | #Monthend AUM / Quantitative Information as on 29.12.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers.