NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1336.72
0.02%
NAV as on 18 Dec 24, 12:00 AM
low risk
overnight
liquid
NAV as on 18 Dec 24, 12:00 AM
low risk
overnight
liquid
6.67%p.a.
Last 1Y
5.94%p.a.
Last 3Y
4.88%p.a.
Last 5Y
4.99%p.a.
Since Inception
About DSP Overnight Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Overnight Fund Growth scheme from DSP Asset Managers Private Limited. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Jan 2019, DSP Overnight Fund Growth is Overnight fund of its category with 2,141.84 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
- DSP Overnight Fund Growth delivered 6.7% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- DSP Overnight Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The primary objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. There is no assurance that the investment objective of the Scheme will be realized.
Top 5 Holdings
Treps / Reverse Repo Investments
94.81%
91 DTB 05122024
3.21%
182 DTB 12122024
1.28%
India (Republic of)
0.64%
Net Receivables/Payables
0.06%
Fund Managers
- Karan Mundhra (Aug 2024 - Present)
- Shalini Vasanta (Aug 2024 - Present)
Key Information
View Scheme Document
DSP Overnight Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on DSP Overnight Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in DSP Overnight Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in DSP Overnight Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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