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Sundaram Overnight - Unclaimed download report


"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 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
Sundaram Overnight Unclaimed-Unclaimed IDCW Above 3 yrs -- -- -- -- -- -- -- -- -- -- --

As on

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Overnight - Unclaimed
Jan-22 -- -- -- -- 540
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.32 3.71 -- 0.12% 9,563
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.29 3.69 4.53 0.12% 7,166
Edelweiss Overnight Fund - Regular Plan  | Invest Online
4 star
Jul-19 3.24 -- -- 0.16% 537
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.32 -- -- 0.21% 511

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.00 25-Jan-2022 - 01-Feb-2022 0.00 25-Jan-2022 - 01-Feb-2022
Month 0.00 25-Jan-2022 - 24-Feb-2022 0.00 25-Jan-2022 - 24-Feb-2022
Quarter 0.00 25-Jan-2022 - 26-Apr-2022 0.00 25-Jan-2022 - 26-Apr-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Sundaram Overnight Unclaimed-Unclaimed IDCW Above 3 yrs -- -- -- -- -- --

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

As on

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 1 -- 2
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 12/05/2022 Treasury Bills SOV 0.00 - 0.93 0.93

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-Apr-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 22-Jan-2022

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:


Change from previous, NAV as on 18-May-2022

Unclaimed IDCW Above 3 yrs: ₹ 1,000.0000

Unclaimed Redemption Upto 3 yrs: ₹ 1,011.1827


Unclaimed Redemption Above 3 yrs: ₹ 1,000.0000

Unclaimed IDCW Upto 3 yrs: ₹ 1,011.1891

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 (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 22-Jan-2022
Return Since Launch: --
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 540 Cr (As on 30-Apr-2022)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

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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