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2 star

Sundaram Overnight Fund - Direct Plan download report


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
Sundaram Overnight Fund Direct-G 2.47 0.01 0.10 0.42 1.16 2.02 3.69 3.66 -- -- --
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 -- -- --
Debt: Overnight 2.49 0.01 0.10 0.42 1.16 2.03 3.72 3.66 -- -- --
Rank within category 23 19 23 22 21 24 24 14 -- -- --
Number of funds in category 29 31 31 30 30 30 29 22 3 3 0

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Overnight Fund - Direct Plan
2 star
Mar-19 3.69 3.66 -- 0.10 574
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
4 star
Nov-18 3.74 3.67 -- 0.08 15,421
Axis Overnight Fund - Direct Plan
4 star
Mar-19 3.76 3.68 -- 0.04 10,814
HSBC Overnight Fund - Direct Plan  | Invest Online
5 star
May-19 3.78 3.71 -- 0.11 735
LIC MF Overnight Fund - Direct Plan  | Invest Online
4 star
Jul-19 3.77 3.68 -- 0.07 616

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.57 17-Apr-2019 - 24-Apr-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 1.14 28-Mar-2019 - 27-Apr-2019 0.21 25-Mar-2020 - 24-Apr-2020
Quarter 2.13 24-Mar-2019 - 23-Jun-2019 0.72 15-Oct-2020 - 14-Jan-2021
Year 6.10 24-Mar-2019 - 23-Mar-2020 2.99 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Sundaram Overnight Fund Direct-G 3.62 0.25 0.52 2.09 0.32 0.41
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Overnight 3.61 0.23 0.52 1.98 0.26 0.35
Rank within category 11 22 14 12 20 3
Number of funds in category 22 22 22 22 22 22

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 2 1 2
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) -- 0.01 0.01 --
Yield to Maturity (%) 5.06 5.06 3.07 5.03
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 182-D 25/08/2022 Treasury Bills SOV 0.00 - 1.74 1.74
new Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 0.87 0.87

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Dwijendra Srivastava since 16-May-2022

Education: Mr. Srivastava is B.Tech , PGDM (Finance) and CFA.

Experience: Prior to joining Sundaram Mutual Fund he has worked with PGIM India Mutual Fund, JM Financial AMC, Tata AMC Private Ltd., Tower Capital and Securities, Indo Swiss Financial and Gontermann Pipers.

Funds Managed:

— 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:


0.01%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 1,148.3218

IDCW Weekly: ₹ 1,049.0404

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IDCW Monthly: ₹ 1,042.3124

IDCW Fortnightly: ₹ 1,064.2841

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 4.13%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 574 Cr (As on 31-Jul-2022)
Expense Ratio: 0.10% (As on 31-Jul-2022)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.1354

 16-Aug-20220.5634
 12-Aug-20220.1426
 11-Aug-20220.1398
 10-Aug-20220.1380
 09-Aug-20220.1398
 08-Aug-20220.1389
 07-Aug-20220.2792
 05-Aug-20220.1375
 04-Aug-20220.1225
 03-Aug-20220.1216
 02-Aug-20220.1181
 01-Aug-20220.1285
 31-Jul-20220.2716
 29-Jul-20220.1347
 28-Jul-20220.1398
 27-Jul-20220.1391
 26-Jul-20220.1376
 25-Jul-20220.1394
 24-Jul-20220.2771
 22-Jul-20220.1372
 21-Jul-20220.1319
 20-Jul-20220.1283
 19-Jul-20220.1315
 18-Jul-20220.1272
IDCW Monthly17-Aug-20224.6062

 15-Jul-20223.7096
 17-Jun-20223.6743
 17-May-20223.6323
 13-Apr-20222.5851
 17-Mar-20222.5941
 17-Feb-20223.0769
 17-Jan-20222.9058
 17-Dec-20212.7934
 17-Nov-20213.1476
 14-Oct-20212.3954
 17-Sep-20212.6491
 17-Aug-20212.7780
 16-Jul-20212.5964
 17-Jun-20212.8159
 17-May-20212.7599
 16-Apr-20211.4120
 26-Mar-20212.3937
 26-Feb-20212.1816
 29-Jan-20213.0068
 24-Dec-20202.2017
 27-Nov-20202.1562
 29-Oct-20202.8809
 25-Sep-20202.3234
 28-Aug-20202.3290
IDCW Fortnightly12-Aug-20222.0099

 29-Jul-20222.9747
 08-Jul-20221.9274
 24-Jun-20221.8848
 10-Jun-20221.6358
 27-May-20221.6212
 13-May-20221.5886
 29-Apr-20222.1625
 08-Apr-20221.3477
 25-Mar-20221.3600
 11-Mar-20221.3246
 25-Feb-20221.3253
 11-Feb-20221.3506
 28-Jan-20221.5113
 14-Jan-20221.4821
 29-Dec-20211.8774
 10-Dec-20211.3028
 26-Nov-20211.3362
 12-Nov-20211.3171
 29-Oct-20211.9353
 08-Oct-20211.2781
 24-Sep-20211.3621
 09-Sep-20211.1161
 27-Aug-20211.2172
 13-Aug-20211.2246
IDCW Weekly12-Aug-20221.0158

 05-Aug-20220.9454
 29-Jul-20221.0119
 22-Jul-20220.9614
 15-Jul-20220.9381
 08-Jul-20220.9376
 01-Jul-20220.9467
 24-Jun-20220.9328
 17-Jun-20220.8985
 10-Jun-20220.8320
 03-Jun-20220.8093
 27-May-20220.8128
 20-May-20220.7980
 13-May-20220.7973
 06-May-20220.7656
 29-Apr-20220.7382
 22-Apr-20220.9138
 13-Apr-20220.4910
 08-Apr-20220.8689
 30-Mar-20220.4691
 25-Mar-20220.7830
 17-Mar-20220.5592
 11-Mar-20220.6727
 04-Mar-20220.6402
 25-Feb-20220.6584

Contact Information

AMC: Sundaram Asset Management Company Ltd

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

Phone: 1860-425-7237

Website: http://www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies 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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