NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

UTI Overnight Fund Plan Growth for NRI [3304.08]

Min Investment

500

Fund Size

3,920.66 Cr

Expense Ratio

0.1%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

3304.08

0.02%

NAV as on 13 Jul 24, 12:00 AM

low risk

overnight

liquid

NAV as on 13 Jul 24, 12:00 AM

low risk

overnight

liquid

6.77%p.a.

Last 1Y

5.45%p.a.

Last 3Y

4.74%p.a.

Last 5Y

5.96%p.a.

Since Inception

About UTI Overnight Fund Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the UTI Overnight Fund Plan Growth scheme from UTI Asset Management Co Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Nov 2003, UTI Overnight Fund Plan Growth is Overnight fund of its category with 3,920.66 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.

  • UTI Overnight Fund Plan Growth delivered 6.8% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
  • UTI Overnight Fund Plan 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 investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of overnight securities having a maturity of one day. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Top 5 Holdings

Net Current Assets

94.76%

191 DTB 19072024

2.54%

India (Republic of)

2.54%

Clearing Corporation Of India Ltd. Std - Margin

0.16%

Amc Repo Clearing Limited Std - Margin

0.00%

Fund Managers

  1. Amit Sharma (May 2018 - Present)

Key Information

View Scheme Document

UTI Overnight Fund Plan Growth SIP Calculator

If invested

5,000

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 UTI Overnight Fund Plan Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in UTI Overnight Fund Plan 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 UTI Overnight Fund Plan 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

Frequently Asked Questions