NRI from all over the world (including 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
₹3396.57
0.04%
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
5.97%p.a.
Last 3Y
4.87%p.a.
Last 5Y
5.97%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 5,010.54 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.
- UTI Overnight Fund Plan Growth delivered 6.7% 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 6 Holdings
Net Current Assets
95.24%
91 DTB 03012025
1.99%
364 DTB 26122024
1.49%
India (Republic of)
1.00%
Clearing Corporation Of India Ltd. Std - Margin
0.28%
Amc Repo Clearing Limited Std - Margin
0.00%
Fund Managers
- Ritesh Nambiar (Oct 2024 - Present)
Key Information
View Scheme Document
UTI Overnight Fund Plan 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 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 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 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
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Frequently Asked Questions
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