Fund Facts
Fund Overview
Scheme Riskometer



Fund Performance
Period | Fund Performance Vs Benchmark (CAGR) | Growth for Rs 10,000 /- | ||||
NAV (%) | NAV (Rs) |
"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate
"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate
Portfolio
Fund | Benchmark | Net |
---|
Name | Weight(%) |
---|
Fund Managers
What are overnight mutual funds?
UTI Overnight Fund is an open ended debt scheme investing in a portfolio of overnight securities having a maturity of one day.
How do I invest in overnight mutual funds?
Investors can simply log on to utimf.com or use UTI Mutual Fund Application and start investing subject to KYC compliance. Investors may also approach nearest UTI Financial Centers (UFCs). Alternatively, you may also approach your mutual fund distributor, financial advisor or various online platform for investments.
How are overnight funds taxed?
An Overnight Fund will attract capital gains tax if the redemption value is
more than the purchase price. The gains can either be short term or long term
in nature.
If you hold units for 3 years or less, the gains made are subject to
Short-Term Capital Gains Tax and are taxed as per your income slab. If you
hold the units for more than three years, the gains are subject to Long-Term
Capital Gains Tax which is taxed at 20% and you would get the benefit of
indexation (available to debt funds). Indexation accounts for the effect of
inflation in the acquisition purchase cost i.e. the purchase price is
increased to adjust for inflation (using an index provided by the Government)
before calculating the capital gain. Thus, it reduces the overall tax
liability.
What are the benefits of investing in UTI overnight fund?
• UTI Overnight Fund is highly liquid in nature as investments are made in
securities having a maturity of one business day
• UTI Overnight Fund does not carry an exit load which makes them a
preferred investment avenue for investors looking to make the most of their
idle money at home or in a bank.