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5 star

Sundaram Overnight Fund - Regular 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 2.76 0.01 0.06 0.25 0.74 1.47 3.73 -- -- -- --
CCIL T Bill Liquidity Weight 2.68 0.01 0.05 0.22 0.58 1.34 3.27 -- -- -- --
Debt: Overnight 2.74 0.01 0.06 0.25 0.76 1.49 3.70 -- -- -- --
Rank within category 12 25 24 22 26 19 9 -- -- -- --
Number of funds in category 28 30 30 30 30 30 26 3 3 3 3

As on 20-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Overnight Fund - Regular Plan
5 star
Mar-19 3.73 -- -- 0.20 853
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.75 4.89 5.86 0.11 7,024
Axis Overnight Fund - Regular Plan  | Invest Online
4 star
Mar-19 3.75 -- -- 0.12 5,347
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.73 -- -- 0.19 4,459
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.85 -- -- 0.17 1,797

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.57 (17-Apr-2019 - 24-Apr-2019) 0.01 (26-Mar-2020 - 02-Apr-2020)
Month 1.13 (28-Mar-2019 - 27-Apr-2019) 0.20 (25-Mar-2020 - 24-Apr-2020)
Quarter 2.10 (24-Mar-2019 - 23-Jun-2019) 0.69 (25-Mar-2020 - 24-Jun-2020)
Year 5.99 (24-Mar-2019 - 23-Mar-2020) 3.74 (17-Oct-2019 - 16-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 4.93 0.36 -0.41 -0.61 0.43 0.37
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating Cash -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Sep-2020

Fund Manager

— Sandeep Agarwal since 15-Mar-2019

Education: Mr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.

Experience: Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.

Funds Managed:

— Siddharth Chaudhary since 15-Mar-2019

Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).

Experience: Prior to joining Sundaram Mutual Fund he has worked with Indian Bank.

Funds Managed:


0.01%

Change from previous, NAV as on 20-Oct-2020

Growth: ₹ 1,078.4385

Dividend Weekly: ₹ 1,045.2257

More

Dividend Monthly: ₹ 1,039.8346

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The scheme seeks to generate income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity /maturing in one business day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 250
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 20-Mar-2019
Return Since Launch: 4.87%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 853 Cr (As on 30-Sep-2020)
Expense: 0.20% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Oct-20200.0781

 18-Oct-20200.1561
 16-Oct-20200.0779
 15-Oct-20200.0801
 14-Oct-20200.0803
 13-Oct-20200.0813
 12-Oct-20200.0819
 11-Oct-20200.1640
 09-Oct-20200.0815
 08-Oct-20200.0888
 07-Oct-20200.0890
 06-Oct-20200.0886
 05-Oct-20200.0919
 04-Oct-20200.2459
 01-Oct-20200.0815
 30-Sep-20200.0815
 29-Sep-20200.0819
 28-Sep-20200.0825
 27-Sep-20200.1656
 25-Sep-20200.0822
 24-Sep-20200.0821
 23-Sep-20200.0821
 22-Sep-20200.0817
 21-Sep-20200.0820
 20-Sep-20200.1645
Dividend Weekly16-Oct-20200.5056

 09-Oct-20200.6317
 01-Oct-20200.4282
 25-Sep-20200.5138
 18-Sep-20200.5108
 11-Sep-20200.5004
 04-Sep-20200.4770
 28-Aug-20200.4833
 21-Aug-20200.4924
 14-Aug-20200.5051
 07-Aug-20200.5005
 31-Jul-20200.5012
 24-Jul-20200.4990
 17-Jul-20200.4917
 10-Jul-20200.5358
 03-Jul-20200.4549
 26-Jun-20200.4140
 19-Jun-20200.4657
 12-Jun-20200.4902
 05-Jun-20200.5022
 29-May-20200.4844
 22-May-20200.5193
 15-May-20200.5092
 08-May-20200.6382
 30-Apr-20200.4164
Dividend Fortnightly25-Sep-20201.1319

 11-Sep-20201.0744
 28-Aug-20201.0755
 14-Aug-20201.1114
 31-Jul-20201.6937
 10-Jul-20201.0900
 26-Jun-20200.9772
 12-Jun-20201.0986
 29-May-20201.7216
 07-May-20201.1734
Dividend Monthly25-Sep-20202.2376

 28-Aug-20202.2184
 31-Jul-20202.8029
 26-Jun-20202.1045
 29-May-20202.9205
 24-Apr-20202.0786
 27-Mar-20202.3844
 28-Feb-20202.6546
 31-Jan-20203.2711
 27-Dec-20192.6070
 29-Nov-20193.3585
 25-Oct-20192.7169

Contact Information

AMC: Sundaram Asset Management Company Ltd

Address: Sundaram Towers, 2nd Floor, 46, Whites Road, Royapettah Chennai - 600014

Phone: 1860-425-7237

Email: [email protected]

Website: http://www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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