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2 star

SBI Overnight Fund - Direct Plan


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 a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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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 2.60 0.01 0.06 0.26 0.77 1.49 3.87 5.34 5.83 6.62 --
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 3.97 4.18 4.62 --
Debt: Overnight 2.63 0.01 0.06 0.26 0.78 1.51 3.91 5.36 5.86 6.60 --
Rank within category 19 23 22 24 20 18 17 2 2 2 --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 0

As on 28-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Overnight Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.87 5.34 5.83 0.11 12,314
UTI Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.93 5.03 6.09 0.06 7,030
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.94 -- -- 0.10 3,980
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 4.05 -- -- 0.09 2,082
HDFC Overnight Fund - Direct Plan  | Invest Online
1 star
Jan-13 3.84 5.31 5.72 0.10 11,844

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.35 (24-Mar-2016 - 31-Mar-2016) 0.02 (26-Mar-2020 - 02-Apr-2020)
Month 0.91 (11-Mar-2013 - 10-Apr-2013) 0.19 (23-Mar-2020 - 22-Apr-2020)
Quarter 2.49 (16-Jul-2013 - 15-Oct-2013) 0.69 (23-Mar-2020 - 22-Jun-2020)
Year 9.33 (16-Jul-2013 - 16-Jul-2014) 3.88 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.29 0.33 0.45 0.53 0.41 0.63
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight 5.22 0.35 0.28 0.30 0.40 0.55
Rank within category 2 2 2 2 3 2
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 31-Aug-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 (%) 3.04 5.26 1.05 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2020

Fund Manager

— R Arun since 01-Jan-2013

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 28-Sep-2020

Growth: ₹ 3,301.8441

Dividend Weekly: ₹ 1,046.5229

Dividend Daily: ₹ 1,024.8484


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-Jan-2013
Return Since Launch: 6.86%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 12,314 Cr (As on 31-Aug-2020)
Expense: 0.11% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Mar-20200.0166

 29-Mar-20200.0185
 28-Mar-20200.0223
 27-Mar-20200.0221
 26-Mar-20200.0219
 25-Mar-20200.0207
 24-Mar-20200.0428
 23-Mar-20200.0425
 22-Mar-20200.0769
 21-Mar-20200.0868
 20-Mar-20200.0868
 19-Mar-20200.0865
 18-Mar-20200.0872
 17-Mar-20200.0881
 16-Mar-20200.0934
 15-Mar-20200.1079
 14-Mar-20200.0941
 13-Mar-20200.0941
 12-Mar-20200.0935
 11-Mar-20200.0930
 10-Mar-20200.0954
 09-Mar-20200.0958
 08-Mar-20200.0953
 07-Mar-20200.0955
 06-Mar-20200.0955
Dividend Weekly27-Mar-20200.3206

 20-Mar-20200.6445
 13-Mar-20200.6766
 06-Mar-20200.6678
 28-Feb-20200.6832
 21-Feb-20200.6933
 14-Feb-20200.6933
 07-Feb-20200.6929
 31-Jan-20200.6946
 24-Jan-20200.6966
 17-Jan-20200.6886
 10-Jan-20200.6344
 03-Jan-20200.5949
 27-Dec-20190.6712
 20-Dec-20190.6805
 13-Dec-20190.6680
 06-Dec-20190.6746
 29-Nov-20190.6971
 22-Nov-20190.6944
 15-Nov-20190.7000
 08-Nov-20190.6908
 01-Nov-20190.6748
 25-Oct-20190.6849
 18-Oct-20190.6685
 11-Oct-20190.6739

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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