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4 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 0.18 0.01 0.06 0.25 0.71 1.45 3.21 -- -- -- --
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 -- -- -- --
Debt: Overnight 0.18 0.01 0.06 0.25 0.72 1.48 3.21 -- -- -- --
Rank within category 18 27 27 20 25 26 12 -- -- -- --
Number of funds in category 30 30 30 30 30 30 29 3 3 3 3

As on 22-Jan-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
4 star
Mar-19 3.21 -- -- 0.20 933
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.27 -- -- 0.12 6,472
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.24 -- -- 0.19 5,456
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.26 4.92 5.69 0.12 5,341
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.37 -- -- 0.19 2,217

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) 3.20 (23-Jan-2020 - 22-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.78 0.34 -2.89 -5.80 -- --
Debt: Overnight* 4.76 0.38 -0.08 -0.19 0.57 0.55
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 31-Dec-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 31-Dec-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 22-Jan-2021

Growth: ₹ 1,086.2211

Dividend Weekly: ₹ 1,046.5414

More

Dividend Monthly: ₹ 1,040.3489

Dividend Fortnightly: ₹ 1,065.9446

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 (₹) 100
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: 4.58%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 933 Cr (As on 31-Dec-2020)
Expense: 0.20% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0819

 21-Jan-20210.0817
 20-Jan-20210.0824
 19-Jan-20210.0812
 18-Jan-20210.0815
 17-Jan-20210.1646
 15-Jan-20210.0816
 14-Jan-20210.0755
 13-Jan-20210.0779
 12-Jan-20210.0808
 11-Jan-20210.0822
 10-Jan-20210.1640
 08-Jan-20210.0860
 07-Jan-20210.0862
 06-Jan-20210.0816
 05-Jan-20210.0789
 04-Jan-20210.0723
 03-Jan-20210.1409
 01-Jan-20210.0693
 31-Dec-20200.0737
 30-Dec-20200.0758
 29-Dec-20200.0783
 28-Dec-20200.0810
 27-Dec-20200.2496
 24-Dec-20200.0805
Dividend Weekly15-Jan-20210.5027

 08-Jan-20210.4975
 01-Jan-20210.5656
 24-Dec-20200.4287
 18-Dec-20200.5019
 11-Dec-20200.4957
 04-Dec-20200.4595
 27-Nov-20200.4320
 20-Nov-20200.4209
 13-Nov-20200.4544
 06-Nov-20200.5596
 29-Oct-20200.4060
 23-Oct-20200.4872
 16-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
Dividend Monthly24-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
 25-Oct-20192.7169
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

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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM