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
₹3685.61
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
6.59%p.a.
Last 1Y
5.87%p.a.
Last 3Y
4.78%p.a.
Last 5Y
5.87%p.a.
Since Inception
About HDFC Overnight Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC Overnight Growth scheme from HDFC Asset Management Co Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Feb 2002, HDFC Overnight Growth is Overnight fund of its category with 11,108.18 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.
- HDFC Overnight Growth delivered 6.6% annual returns during the last year. It has delivered 5.9% average annual returns since the fund was launched.
- HDFC Overnight Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
To generate returns by investing in debt and money market instruments with overnight maturity. There is no assurance that the investment objective of the Scheme will be realized.
Top 7 Holdings
Reverse Repo
64.21%
Treps - Tri-Party Repo
30.97%
91 DTB 03012025
2.60%
India (Republic of)
1.35%
364 DTB 09012025
0.93%
Net Current Assets
0.61%
182 DTB 09012025
0.54%
Fund Managers
- Anil Bamboli (Jul 2012 - Present)
Key Information
View Scheme Document
HDFC Overnight 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 HDFC Overnight 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 HDFC Overnight 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 HDFC Overnight 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
Similar Funds
Funds
3Y Return
SBI Overnight Fund Plan Growth
low risk | liquid
5.9%
ICICI Prudential Overnight Fund Growth
low risk | liquid
5.9%
Nippon India Overnight Fund Growth
low risk | liquid
5.9%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved