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Unrated

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 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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(₹)
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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 1.92 0.01 0.06 0.22 0.73 1.80 4.41 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Overnight 1.89 0.01 0.06 0.23 0.74 1.77 4.29 -- -- -- --
Rank within category 7 29 3 27 15 7 2 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 10-Jul-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
Unrated
Mar-19 4.41 -- -- 0.19 544
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.25 5.43 5.82 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.32 5.48 5.92 0.18 13,825
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.27 -- -- 0.20 10,011
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.29 -- -- 0.22 7,621

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) 4.40 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
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 -- -- -- -- -- --
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) 3.11 5.87 0.75 --

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

— 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 12-Jul-2020

Growth: ₹ 1,069.8271

Dividend Weekly: ₹ 1,043.8748

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Dividend Monthly: ₹ 1,038.7654

Dividend Fortnightly: ₹ 1,063.7513

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: 5.28%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 544 Cr (As on 30-Jun-2020)
Expense: 0.19% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Jul-20200.1575

 10-Jul-20200.0783
 09-Jul-20200.0772
 08-Jul-20200.0911
 07-Jul-20200.0921
 06-Jul-20200.0911
 05-Jul-20200.1548
 03-Jul-20200.0758
 02-Jul-20200.0724
 01-Jul-20200.0672
 30-Jun-20200.0756
 29-Jun-20200.0750
 28-Jun-20200.1371
 26-Jun-20200.0676
 25-Jun-20200.0563
 24-Jun-20200.0632
 23-Jun-20200.0581
 22-Jun-20200.0776
 21-Jun-20200.1499
 19-Jun-20200.0750
 18-Jun-20200.0715
 17-Jun-20200.0729
 16-Jun-20200.0733
 15-Jun-20200.0753
 14-Jun-20200.1512
Dividend Fortnightly10-Jul-20201.0900

 26-Jun-20200.9772
 12-Jun-20201.0986
 29-May-20201.7216
 07-May-20201.1734
Dividend Weekly10-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
 24-Apr-20200.5218
 17-Apr-20200.6181
 09-Apr-20200.1941
 03-Apr-20200.1941
 27-Mar-20200.3747
 20-Mar-20200.5541
 13-Mar-20200.5807
 06-Mar-20200.5797
 28-Feb-20200.6901
 20-Feb-20200.4940
 13-Feb-20200.5884
 06-Feb-20200.5890
 30-Jan-20200.5929
 23-Jan-20200.5988
Dividend Monthly26-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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