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Baroda Overnight Fund

 

An Open Ended Liquid Scheme
Investment Objective
The primary 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 having maturity of one business day. There is no assurance that the investment objective of the scheme will be realized.
 
 


Plans
The Direct Plan is meant for direct investments, i.e. for investors who purchase/subscribe to the units of the scheme directly with the Fund and is not available for investors who route their investments through a distributor, while the Regular Plan is meant for investors who route their investments through distributors only.

Both Plans will have a common portfolio but the Direct Plan will have a lower expense ratio on account of absence of brokerage and commission. Hence, both Plans will have distinct NAVs.


Options
Each of the Plans will have the following options:
  • A. Growth Option (default option in case no option specified by investor);
  • Dividend Option
The Dividend option offers the following sub-options :
  • Daily Dividend (default in case no sub-option is specified by the investor)
  • Weekly Dividend Dividends, if any, declared by the scheme will be compulsorily re-invested

Benchmark Index
Benchmark :CRISIL Overnight Index
Fund Manager
Mr. Alok Sahoo & Ms. Hetal Shah
  
Load Applicability
Entry Load : Not Applicable.
Exit Load: Nill

  

Minimum Application Amount :
Purchase:5,000/- and in multiples of ` 1/- thereafter.
Additional Purchase:1,000/- and in multiples of ` 1/- thereafter.

Re-purchase: No minimum amount


Asset Allocation


​Types of Instruments ​% of Total Assets
​Risk Profile
Debt and Money Market instruments* with maturity upto one business day
Upto 100% Low
* Includes MIBOR linked instruments with daily put and call options with residual maturity not greater than one business day, Tri-party Repo / reverse repo.
The scheme may invest in liquid schemes of mutual funds for overnight deployment in line with its investment objective and in accordance with the applicable extant SEBI (Mutual Funds) Regulations as amended from time to time. The scheme may participate in Bills Re-Discounting (BRDS) issues by banks, in line with the investment objective of the scheme.
The scheme may enter into reverse repos in government securities as may be permitted by SEBI and RBI. The scheme may participate in repo of corporate debt securities in accordance with the directions issued by SEBI / RBI from time to time and in line with the policy approved by the Board of Directors of the AMC and Trustee Company. A part of the net assets may be invested in Triparty Repo or in an alternative investment as may be provided by RBI to meet the liquidity requirements.
The scheme will not have any exposure to debt derivatives, securitized debt, REITs and INViTs and foreign securities. The scheme shall not invest in Credit Default Swaps.
Pending deployment of funds of the scheme in securities in terms of the investment objective of the scheme, the AMC may park the funds of the scheme in short term deposits of scheduled commercial banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, as amended from time to time.