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3 star

Sundaram Overnight Fund - Direct 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.77 0.01 0.06 0.26 0.79 1.54 3.07 -- -- -- --
CCIL T Bill Liquidity Weight 1.13 -0.01 0.04 0.19 0.55 1.05 2.12 -- -- -- --
Debt: Overnight 1.79 0.01 0.06 0.26 0.79 1.56 3.11 -- -- -- --
Rank within category 26 27 27 29 26 27 26 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 27-Jul-2021

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
3 star
Mar-19 3.07 -- -- 0.10 581
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.10 -- -- 0.10 5,273
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 3.12 -- -- 0.06 1,213
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11 468
SBI Overnight Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.09 4.53 5.13 0.10 18,441

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
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.46 0.39 -1.92 -4.74 -- --
Debt: Overnight* 4.52 0.41 0.76 3.67 0.68 0.82
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
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

Company Instrument Credit Rating 1Y Range % Assets
equal Others Fixed Deposits -- - 1.65

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 30-Jun-2021

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 27-Jul-2021

Growth: ₹ 1,105.5075

IDCW Weekly: ₹ 1,048.6637

More

IDCW Monthly: ₹ 1,043.2857

IDCW Fortnightly: ₹ 1,065.1692

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

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 20-Mar-2019
Return Since Launch: 4.35%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 581 Cr (As on 30-Jun-2021)
Expense: 0.10% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily27-Jul-20210.0849

 26-Jul-20210.0844
 25-Jul-20210.1715
 23-Jul-20210.0846
 22-Jul-20210.0840
 21-Jul-20210.0854
 20-Jul-20210.0843
 19-Jul-20210.0834
 18-Jul-20210.1702
 16-Jul-20210.0830
 15-Jul-20210.0835
 14-Jul-20210.0841
 13-Jul-20210.0847
 12-Jul-20210.0832
 11-Jul-20210.1700
 09-Jul-20210.0901
 08-Jul-20210.0868
 07-Jul-20210.0912
 06-Jul-20210.0930
 05-Jul-20210.0848
 04-Jul-20210.1709
 02-Jul-20210.0844
 01-Jul-20210.0834
 30-Jun-20210.0846
 29-Jun-20210.0848
IDCW Weekly23-Jul-20210.6204

 16-Jul-20210.6215
 09-Jul-20210.6470
 02-Jul-20210.6242
 25-Jun-20210.6320
 18-Jun-20210.6312
 11-Jun-20210.6250
 04-Jun-20210.6332
 28-May-20210.6388
 21-May-20210.6414
 14-May-20210.6523
 07-May-20210.6308
 30-Apr-20210.6202
 23-Apr-20210.6198
 16-Apr-20210.6179
 09-Apr-20210.7993
 26-Mar-20210.5398
 19-Mar-20210.5381
 12-Mar-20210.5335
 05-Mar-20210.5228
 26-Feb-20210.5289
 18-Feb-20210.3856
 12-Feb-20210.5285
 05-Feb-20210.5292
 29-Jan-20210.5353
IDCW Monthly16-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
 31-Jul-20202.9016
 26-Jun-20202.2135
 29-May-20203.0662
 23-Apr-20202.1569
 26-Mar-20202.4550
IDCW Fortnightly09-Jul-20211.2900

 25-Jun-20211.2803
 11-Jun-20211.2690
 28-May-20211.3026
 14-May-20211.3130
 30-Apr-20211.8855
 09-Apr-20210.8111
 26-Mar-20211.1857
 12-Mar-20211.1625
 26-Feb-20210.9917
 12-Feb-20211.1628
 29-Jan-20211.7925
 08-Jan-20211.1967
 24-Dec-20201.0685
 11-Dec-20201.0903
 27-Nov-20200.9768
 13-Nov-20201.1516
 29-Oct-20201.6450
 09-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

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

Last Session

Investors' Hangout

How to crash-proof your equity investments

DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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