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5 star

Sundaram Overnight Fund - Direct 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 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 2.87 0.01 0.06 0.25 0.77 1.52 3.82 -- -- -- --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 -- -- -- --
Debt: Overnight 2.85 0.01 0.06 0.26 0.78 1.54 3.79 -- -- -- --
Rank within category 10 22 24 21 27 19 7 -- -- -- --
Number of funds in category 28 30 30 30 30 30 26 3 3 3 0

As on 23-Oct-2020

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
5 star
Mar-19 3.82 -- -- 0.10 853
UTI Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.80 4.98 5.98 0.06 7,024
Axis Overnight Fund - Direct Plan
4 star
Mar-19 3.79 -- -- 0.07 5,347
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.82 -- -- 0.10 4,459
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 3.92 -- -- 0.10 1,797

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) 0.72 (25-Mar-2020 - 24-Jun-2020)
Year 6.10 (24-Mar-2019 - 23-Mar-2020) 3.81 (24-Oct-2019 - 23-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 5.15 0.37 0.29 0.33 0.46 0.62
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-Sep-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 30-Sep-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 23-Oct-2020

Growth: ₹ 1,080.4643

Dividend Weekly: ₹ 1,045.9860

More

Dividend Monthly: ₹ 1,043.8970

Dividend Fortnightly: ₹ 1,063.3497

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 (₹) 1,000
Minimum No of Cheques --
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: 4.96%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 853 Cr (As on 30-Sep-2020)
Expense: 0.10% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20200.0810

 22-Oct-20200.0806
 21-Oct-20200.1545
 20-Oct-20200.0797
 19-Oct-20200.0801
 18-Oct-20200.1624
 16-Oct-20200.0809
 15-Oct-20200.0828
 14-Oct-20200.0833
 13-Oct-20200.0840
 12-Oct-20200.0844
 11-Oct-20200.1699
 09-Oct-20200.0849
 08-Oct-20200.0917
 07-Oct-20200.0919
 06-Oct-20200.0911
 05-Oct-20200.0946
 04-Oct-20200.2545
 01-Oct-20200.0845
 30-Sep-20200.0844
 29-Sep-20200.0845
 28-Sep-20200.0850
 27-Sep-20200.1710
 25-Sep-20200.0849
 24-Sep-20200.0847
Dividend Weekly23-Oct-20200.5058

 16-Oct-20200.5232
 09-Oct-20200.6524
 01-Oct-20200.4430
 25-Sep-20200.5318
 18-Sep-20200.5286
 11-Sep-20200.5182
 04-Sep-20200.4958
 28-Aug-20200.5054
 21-Aug-20200.5133
 14-Aug-20200.5285
 07-Aug-20200.5229
 31-Jul-20200.5245
 23-Jul-20200.5219
 16-Jul-20200.5142
 09-Jul-20200.5589
 02-Jul-20200.4761
 25-Jun-20200.4370
 19-Jun-20200.4895
 18-Jun-20200.4895
 11-Jun-20200.5121
Dividend Fortnightly09-Oct-20201.2029

 25-Sep-20201.1677
 11-Sep-20201.1104
 28-Aug-20201.1114
 14-Aug-20201.1472
 31-Jul-20201.7487
 10-Jul-20201.1286
 26-Jun-20201.0131
 12-Jun-20201.1343
 29-May-20201.7767
 08-May-20201.2222
 24-Apr-20201.3000
 09-Apr-20200.7844
Dividend Monthly25-Sep-20202.3234

 28-Aug-20202.3290
 31-Jul-20202.9016
 26-Jun-20202.2135
 29-May-20203.0662
 23-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: 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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