Sundaram Overnight Fund Direct Growth

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.

1. Sundaram Overnight Fund Direct Growth has ₹585 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.1.
   

Sundaram Overnight Fund Direct Growth has given a CAGR return of 5.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.54%, 6.39% and 5.09% respectively.

Sundaram Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 Days Tbill, 364 Days Tbill (Md 08/05/2025)

As it is a overnight mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity / maturing in one business day. No Guarantee/Assurance: Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the Schemes. There is also no guarantee of capital or return either by the mutual fund or by the sponsor or by the Asset management Company.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Sundaram Overnight Fund Direct Growth has no lock in period.