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3 star

Sundaram Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 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 2.78 0.01 0.06 0.26 0.76 1.52 3.01 -- -- -- --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 -- -- -- --
Debt: Overnight 2.83 0.01 0.06 0.26 0.78 1.55 3.07 -- -- -- --
Rank within category 25 23 25 25 25 25 25 -- -- -- --
Number of funds in category 28 28 28 28 28 28 28 4 3 3 3

As on 02-Dec-2021

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
3 star
Mar-19 3.01 -- -- 0.21% 489
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.13 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.11 4.49 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.09 -- -- 0.16% 757

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.88 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 3.95 0.36 0.44 2.24 0.60 0.53
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) 3.26 3.28 3.26 --
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-Oct-2021

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 02-Dec-2021

Growth: ₹ 1,114.4262

IDCW Weekly: ₹ 1,047.7118

More

IDCW Monthly: ₹ 1,039.9796

IDCW Fortnightly: ₹ 1,065.5312

IDCW Daily: ₹ 1,000.0300


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 (₹) 100
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 20-Mar-2019
Return Since Launch: 4.08%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 489 Cr (As on 31-Oct-2021)
Expense: 0.21% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0833

 30-Nov-20210.0858
 29-Nov-20210.0843
 28-Nov-20210.1683
 26-Nov-20210.0827
 25-Nov-20210.0832
 24-Nov-20210.0863
 23-Nov-20210.0974
 22-Nov-20210.0988
 21-Nov-20210.2592
 18-Nov-20210.0858
 17-Nov-20210.0836
 16-Nov-20210.0832
 15-Nov-20210.0829
 14-Nov-20210.1685
 12-Nov-20210.0832
 11-Nov-20210.0818
 10-Nov-20210.0830
 09-Nov-20210.0837
 08-Nov-20210.0826
 07-Nov-20210.3547
 03-Nov-20210.0875
 02-Nov-20210.0845
 01-Nov-20210.0844
 31-Oct-20210.1703
IDCW Fortnightly26-Nov-20211.2916

 12-Nov-20211.2629
 29-Oct-20211.8724
 08-Oct-20211.2274
 24-Sep-20211.3199
 09-Sep-20211.0705
 27-Aug-20211.1605
 13-Aug-20211.1792
 30-Jul-20211.8152
 09-Jul-20211.2429
 25-Jun-20211.2295
 11-Jun-20211.2288
 28-May-20210.8947
 12-Mar-20211.1302
 26-Feb-20210.9556
 12-Feb-20211.1274
 29-Jan-20211.7376
 25-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
IDCW Weekly26-Nov-20210.7132

 18-Nov-20210.5663
 12-Nov-20210.7856
 03-Nov-20210.4276
 29-Oct-20210.6535
 22-Oct-20210.6976
 14-Oct-20210.5157
 08-Oct-20210.6152
 01-Oct-20210.6218
 24-Sep-20210.6060
 17-Sep-20210.6670
 09-Sep-20210.5137
 03-Sep-20210.5534
 27-Aug-20210.5795
 20-Aug-20210.6038
 13-Aug-20210.5567
 06-Aug-20210.5898
 30-Jul-20210.6017
 23-Jul-20210.6047
 16-Jul-20210.6106
 09-Jul-20210.6190
 02-Jul-20210.6031
 25-Jun-20210.6103
 18-Jun-20210.6097
 11-Jun-20210.5994
IDCW Monthly17-Nov-20212.9983

 14-Oct-20212.3122
 17-Sep-20212.5493
 17-Aug-20212.6654
 16-Jul-20212.4913
 17-Jun-20212.6614
 17-May-20212.6385
 16-Apr-20211.3519
 26-Mar-20212.3030
 26-Feb-20212.1152
 29-Jan-20212.9118
 24-Dec-20202.1221
 27-Nov-20202.0722
 29-Oct-20202.7791
 25-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

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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