Sundaram Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV: ₹ 1230.5 as on 30-09-2023
Fund Performance
2 people have invested ₹ 20.1K in Sundaram Overnight Fund Direct Growth in the last three months
Fund Insights
Over the last 3 months, this fund has experienced a 7.2% drop in AUM moving from 1.03K Cr to 957.09 Cr.
In the last 1 year, Axis Overnight Fund Direct Growth has given 6.52% return, outperforming this fund by 0.04%.
This fund has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.09% which is lower than the category average expense ratio of 0.13%.
In the last 3 years, Mirae Asset Overnight Fund Direct Growth has given 4.57% return, outperforming this fund by 0.07% per annum.
About the Fund
Sundaram Overnight Fund Direct Growth is a debt fund. This fund was started on 20 March, 2019. The fund is managed by Dwijendra Srivastava, Sandeep Agarwal. This fund is suitable to keep your money safe.
Key Parameters
- Sundaram Overnight Fund Direct Growth has ₹957 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Sundaram Overnight Fund Direct Growth Overview
 | 0.09% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹957 Cr |
 | 20 March, 2019 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 629% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
100%
Top Holdings of Sundaram Overnight Fund Direct Growth as on (31-Aug-23)
Debt Holdings3
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 91 DTB 29092023 | 1.04% | 0% | |
182 DTB 29092023 | 1.04% | 0% | |
182 DTB 22092023 | 0.52% | 0% |
Sundaram Overnight Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1.3K Cr as of Aug'23
- AUM increased by 187.1 Cr between Aug'23 and Jul'23
Peer Analysis
Sundaram Overnight Fund Direct Growth Fund Manager
Dwijendra Srivastava
Fund Manager of Sundaram Overnight Fund Direct Growth, since 16 May 2022
Top funds managed
Sandeep Agarwal
Fund Manager of Sundaram Overnight Fund Direct Growth, since 20 March 2019
Top funds managed
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 4.68% since inception which is more than its category average return of 3.39%
AUM size ₹957 Cr
This fund has AUM of ₹957 Cr which is less than its category average of ₹ 3025 Cr
Expense Ratio 0.09%
This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.14%
Frequently Asked Questions
The current NAV of Sundaram Overnight Fund Direct Growth is ₹1230.53 as on 30-Sep-2023.
Existing (Absolute + CAGR) as on 30-Sep-2023.
Sundaram Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 3.29% | 3.29% |
1 Year Returns | 6.48% | 6.48% |
3 Years Returns | 14.11% | 4.5% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.09% as on August 2023
₹957 Cr as on August 2023
Yield to Maturity is 6.66 as on August 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Dwijendra Srivastava, Sandeep Agarwal are the fund managers of Sundaram Overnight Fund Direct Growth
The Exit load of Sundaram Overnight Fund Direct Growth is 0%