Widely used:Analyst’s Choice
Value Research Rating
Analyst’s Choice
Riskometer
Low
₹1,303.0441 0.02%
As on 13-Aug-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Sundaram Overnight Fund - Direct Plan
|
|
|
Low
|
Please wait... |
0.07 |
|
 |
|
Low
|
Please wait... |
0.08 |
||
 |
|
Low
|
Please wait... |
0.05 |
||
|
|
Low
|
Please wait... |
0.08 |
||
|
|
Low
|
Please wait... |
0.08 |
₹666 Cr
--
5,000
1,000
250
6
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.
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."
Capital Gains Taxation
Dividend Taxation
Sundaram Overnight Fund - Direct Plan is mandated to invest in bonds having a maturity of just one day.
Mutual funds can be bought directly from the website of the fund house. For instance, Sundaram Overnight Fund - Direct Plan fund can be purchased from the website of Sundaram Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Sundaram Overnight Fund - Direct Plan is ₹1,303.0441 as of 14-Aug-2024.
The AUM of Sundaram Overnight Fund - Direct Plan Fund is ₹666 Cr as of 31-Jul-2024
The riskometer level of Sundaram Overnight Fund - Direct Plan is Low. See More
| Company | Percentage of Portfolio |
|---|---|
|
Reserve Bank of India T-Bills 91-D 08/08/2024 |
2.25
|
|
Reserve Bank of India T-Bills 182-D 22/08/2024 |
2.24
|
As of 31-Jul-2024, Sundaram Overnight Fund - Direct Plan had invested 95.51% in Cash & Cash Eq. and 4.49% in Debt See More
Sundaram Overnight Fund - Direct Plan is 5 years 4 months old. It has delivered 5.02% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
6.82%
|
5.58%
|
4.81%
|
--
|
--
|
5.02%
|
No, There is no lock in period in Sundaram Overnight Fund - Direct Plan.
The expense ratio of Sundaram Overnight Fund - Direct Plan is 0.07.
Mutual Funds 
Sundaram Sundaram Overnight Fund - Direct Plan
