Creative What are Overnight Funds? Overnight Funds are open ended - - PowerPoint PPT Presentation
Creative What are Overnight Funds? Overnight Funds are open ended debt schemes investing in debt and money market instruments with overnight maturity. Overnight Funds predominantly invests in - - Tri-party Repos (TREPS) - Overnight
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Refer the last slide for disclaimers.
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Refer the last slide for disclaimers.
Overnight Funds
Liquid Funds Ultra Short Term Funds Low Duration Funds Short Duration Funds Medium Duration Funds Long Duration Funds
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*For complete details on cut off timings and NAV applicability, refer SID/KIM and addendum dated October 17, 2019. Refer last slide for disclaimers.
Subscriptions:
1:30 pm^ – the closing NAV of the immediately preceding day is applicable
day – the closing NAV of the day immediately preceding the next business day is applicable
immediately preceding the day on which funds are available for utilisation is applicable Redemptions:
the next business day is applicable
^Amended w.e.f. October 20, 2019, vide SEBI Circular Number SEBI/HO/IMD/DF2/CIR/P/2019/101 dated September 20, 2019.
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*For complete details on cut off timings, NAV applicability and payout requirements, refer SID/KIM and addendum dated October 17, 2019. Refer last slide for disclaimers.
– For example, if redemption applications are received on a Friday up to 3pm, the NAV on the following Sunday (the day immediately preceding Monday, which is the next business day) is applicable*. – HDFC Mutual fund endeavours to credit funds on Monday under normal circumstances
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Past performance may or may not be sustained in the future. Returns are not assured. Refer the last slide for disclaimers.
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*$ Dedicated Fund Manager for Overseas Investments: Mr. Chirag Dagli For further details, please refer to the Scheme Information Document available at Investor Service Centres of HDFC Mutual Fund and on our website www.hdfcfund.com. Refer last slide for disclaimers
Category of Scheme Overnight Fund Type of scheme An open ended debt scheme investing in overnight securities Inception Date (Date of allotment) February 6, 2002 Investment 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. Fund Manager $ Anil Bamboli (since July 25, 2012) Plan & Options Regular plan and Direct Plan. Under both the Plans: Growth & Dividend Option. The Dividend Option is a Daily Dividend Option (Reinvestment facility only) Minimum Application Amount. (Under Each Plan/Option) Purchase: Under growth option : Rs. 5,000 and any amount thereafter; Under Daily Dividend Option :
Additional Purchase: Under Growth Option : Rs. 1,000 and any amount thereafter; Under Daily Dividend Option : Rs. 5,000 and any amount thereafter Load Structure Entry Load: Not Applicable Exit Load: Nil Benchmark Additional Benchmark CRISIL Overnight Index CRISIL 1 Year T-Bill Index
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Period Scheme Returns (%) Benchmark Returns (%)# Additional Benchmark Returns ##(%) Value of Rs. 10,000 invested Scheme (Rs) Benchmark #(Rs) Additional Benchmark (Rs) ## Last 7 days 4.49 4.61 6.24 10,009 10,009 10,012 Last 15 days 4.59 4.76 4.58 10,019 10,020 10,019 Last 1 Month 4.59 4.78 3.52 10,040 10,042 10,031 Last 1 Year 5.55 5.76 7.56 10,555 10,576 10,756 Last 3 Years 5.85 5.96 6.75 11,862 11,898 12,168 Last 5 Years 6.25 6.38 7.15 13,543 13,626 14,126 Since Inception* 6.17 NA 6.11 29,237 NA 28,923
Past performance may or may not be sustained in the future. Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). Load is not taken into consideration for computation of above performance(s).The above returns are of regular plan –growth option. Performance of dividend option under the scheme for the investors would be net of distribution tax as applicable. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. *Inception date of the scheme 6th February, 2002. The scheme has been managed by Anil Bamboli since July 25, 2012 . # CRISIL Overnight Index ## CRISIL 1 year T-Bill Index. Data as on December 31, 2019. N.A.: Not Available. Refer last slide for disclaimers.
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Past performance may or may not be sustained in the future. The above returns are of Regular Plan – Growth Option. Load is not taken into consideration for computation of performance. On account of difference in the type of the Scheme, asset allocation, investment strategy, inception dates, the performance of these schemes is strictly not comparable. Performance of close-ended schemes is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively
Scheme’s inception date, the returns for the concerned scheme is considered from the date the benchmark is available. Returns as on 31st December, 2019. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses/ commission charged in the Regular Plan. NA – Not Available. Refer last slide for disclaimers.
Scheme Scheme managing since 1 year (%) 3 years 5 years CAGR (%) CAGR (%) Anil Bamboli manages 41 other schemes in existence for more than 1 year Performance of Top 3 schemes managed by Anil Bamboli
HDFC FMP 1218D December 2016 Jan 12, 17 9.76 NA NA CRISIL Composite Bond Fund Index 10.72 NA NA HDFC FMP 1302D September 2016 Sept 28, 16 9.33 8.35 NA CRISIL Composite Bond Fund Index 10.72 7.08 NA HDFC FMP 1309D September 2016 Sept 20, 16 9.29 8.34 NA CRISIL Composite Bond Fund Index 10.72 7.08 NA
Performance of Bottom 3 schemes managed by Anil Bamboli
HDFC DAF - III - 1224D November 2016 Dec 7, 16 7.44 6.08 NA NIFTY 50 Hybrid Short Duration Debt 25:75 Index 10.34 9.54 NA HDFC DAF - III - 1267D October 2016 Oct 25, 16 7.46 6.07 NA NIFTY 50 Hybrid Short Duration Debt 40:60 Index 11.02 10.81 NA HDFC FMP 1146D April 2018 May 10, 18 5.44 NA NA CRISIL Composite Bond Fund Index 10.72 NA NA
DISCLAIMER: This presentation is dated 17th January, 2020 and has been prepared by HDFC Asset Management Company Limited (HDFC AMC) based on internal data, publicly available information and other sources believed to be reliable. Any calculations made are approximations, meant as guidelines only, which you must confirm before relying on them. The information contained in this document is for general purposes only. The current investment strategies are subject to change depending on market conditions. The document is given in summary form and does not purport to be complete. The document does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information/ data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. The statements contained herein are based on our current views and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance may or may not be sustained in future. HDFC Mutual Fund/AMC is not guaranteeing any returns on investments made in the Scheme(s). The data/statistics are given to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. Neither HDFC AMC and HDFC Mutual Fund nor any person connected with them, accepts any liability arising from the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein.
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