VR Logo

Unrated

Sundaram Overnight Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.58 0.01 0.06 0.26 0.87 2.11 4.92 -- -- -- --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 -- -- -- --
Debt: Overnight 1.54 0.01 0.06 0.25 0.85 2.06 4.80 -- -- -- --
Rank within category 6 9 6 8 10 5 2 -- -- -- --
Number of funds in category 28 30 30 30 30 27 18 3 3 3 0

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (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) 0.89 (21-Feb-2020 - 22-May-2020)
Year 6.10 (24-Mar-2019 - 23-Mar-2020) 4.90 (23-May-2019 - 22-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.16 0.26 -5.00 -9.29 -- --
Debt: Overnight* 5.62 0.30 0.59 0.62 -0.01 0.14
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-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 1
Modified Duration (yrs) -- -- -- 0.01
Average Maturity (yrs) -- -- -- 0.01
Yield to Maturity (%) 0.75 6.04 0.75 1.14

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 30-Apr-2020

*As on 31-Mar-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:


--

Change from previous, NAV as on 25-May-2020

Growth: ₹ 1,067.2128

Dividend Monthly: ₹ 1,043.9493

More

Dividend Fortnightly: ₹ 1,062.7861

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: 5.67%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 725 Cr (As on 30-Apr-2020)
Expense: 0.09% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-May-20200.0765

 21-May-20200.0841
 20-May-20200.0846
 19-May-20200.0868
 18-May-20200.0869
 17-May-20200.1904
 15-May-20200.0942
 14-May-20200.0756
 13-May-20200.0683
 12-May-20200.0847
 11-May-20200.0874
 10-May-20200.1887
 08-May-20200.0932
 07-May-20200.0891
 06-May-20200.0886
 05-May-20200.0883
 04-May-20200.0877
 03-May-20200.2858
 30-Apr-20200.0946
 29-Apr-20200.0874
 28-Apr-20200.0809
 27-Apr-20200.0700
 26-Apr-20200.1709
 24-Apr-20200.0850
 23-Apr-20200.0879
Dividend Fortnightly08-May-20201.2222

 24-Apr-20201.3000
 09-Apr-20200.7844
Dividend Monthly23-Apr-20202.1569

 26-Mar-20202.4550

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: 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

Debt funds and the crisis

dateFriday, 29-May-2020
time12:30 PM - 01:00 PM