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Unrated

SBI Overnight Fund


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.91 0.01 0.06 0.23 0.73 1.75 4.29 5.47 5.91 6.70 7.29
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 4.79
Debt: Overnight 1.92 0.01 0.06 0.23 0.73 1.75 4.26 5.26 5.72 6.47 7.01
Rank within category 14 16 14 15 17 13 9 1 1 1 1
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.29 5.47 5.91 0.18 13,825
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.23 5.42 5.81 0.20 13,989
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.24 -- -- 0.20 10,011
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.26 -- -- 0.22 7,621
UTI Overnight Fund - Regular Plan  | Invest Online
Unrated
Dec-03 4.33 5.15 6.19 0.12 6,556

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.46 (02-Apr-2003 - 09-Apr-2003) -0.34 (04-Aug-2004 - 11-Aug-2004)
Month 1.09 (26-Oct-2002 - 25-Nov-2002) -0.39 (26-Jan-2003 - 25-Feb-2003)
Quarter 2.55 (03-Oct-2002 - 02-Jan-2003) 0.44 (01-Jan-2003 - 02-Apr-2003)
Year 9.51 (15-Sep-2011 - 14-Sep-2012) 3.77 (16-Oct-2003 - 15-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.38 0.30 0.26 0.27 0.26 0.39
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight 5.16 0.32 -0.48 -0.60 0.24 0.16
Rank within category 1 3 1 1 3 1
Number of funds in category 4 4 4 4 4 4

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.25 6.48 1.05 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

*As on 31-May-2020

Fund Manager

— R Arun since 20-Apr-2012

Education: Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP).

Experience: Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.

Funds Managed:


0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 3,250.8780

Dividend Weekly: ₹ 1,039.6945

Dividend Daily: ₹ 1,018.1664


Investment Strategy

The scheme seeks to provide the investors an opportunity to invest in overnight securities maturing on the next business day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Oct-2002
Return Since Launch: 6.85%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 13,825 Cr (As on 30-Jun-2020)
Expense: 0.18% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Mar-20200.0152

 29-Mar-20200.0173
 28-Mar-20200.0209
 27-Mar-20200.0209
 26-Mar-20200.0205
 25-Mar-20200.0193
 24-Mar-20200.0415
 23-Mar-20200.0411
 22-Mar-20200.0755
 21-Mar-20200.0854
 20-Mar-20200.0854
 19-Mar-20200.0852
 18-Mar-20200.0858
 17-Mar-20200.0867
 16-Mar-20200.0921
 15-Mar-20200.0934
 14-Mar-20200.0927
 13-Mar-20200.0927
 12-Mar-20200.0920
 11-Mar-20200.0916
 10-Mar-20200.0942
 09-Mar-20200.0944
 08-Mar-20200.0937
 07-Mar-20200.0941
 06-Mar-20200.0941
Dividend Weekly27-Mar-20200.3105

 20-Mar-20200.6350
 13-Mar-20200.6672
 06-Mar-20200.6613
 28-Feb-20200.6736
 21-Feb-20200.6830
 14-Feb-20200.6835
 07-Feb-20200.6853
 31-Jan-20200.6851
 24-Jan-20200.6865
 17-Jan-20200.6788
 10-Jan-20200.6238
 03-Jan-20200.5842
 27-Dec-20190.6617
 20-Dec-20190.6710
 13-Dec-20190.6574
 06-Dec-20190.6652
 29-Nov-20190.6874
 22-Nov-20190.6840
 15-Nov-20190.6899
 08-Nov-20190.6809
 01-Nov-20190.6646
 25-Oct-20190.6748
 18-Oct-20190.6586
 11-Oct-20190.6637

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: http://www.sbimf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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