Sundaram Overnight Fund

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Description:

An open ended debt scheme investing in overnight securities

Investment Strategy:

Sundaram Overnight Fund will invest in securities maturing in one business day to generate returns corresponding to the overnight rates in the Money Markets.

Fund Characteristics / Highlights:
  • Very high credit quality - as the fund will mostly invest in Cash and cash equivalents i.e. TREPS etc.,
  • Very high liquidity - as the fund invests in overnight securities
  • Returns in line with Money Market rates
  • Negligible interest rate risk
  • Very low risk when compared with other similar investments
Moderately Risk

This product is suitable for investors who are seeking*

  • Investment over very short term periods
  • Income by investing in debt, money market instruments, cash and cash equivalentswith overnight maturity and seeking returns in line with overnight call / money market rates

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Fund Facts

Inception March-2019
Scheme Type An open ended debt scheme investing in overnight securities
Benchmark NIFTY 1D Rate Index
Fund Manager Siddharth Chaudhary and Sandeep Agarwal
Investment Objective To generate income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity / maturing in one business day.
Average AUM for the month of Crores
Plans Regular, Direct
Options
Growth
Dividend Pay-out (Monthly); Dividend Sweep; Dividend Reinvestment (Daily, Weekly, Fortnightly & Monthly)
Min. Initial Investment 5,000
Portfolio YTM * 31st Mar 2019 6.35%
Average Maturity * 31st Mar 2019 0.00 years
Average Duration * 31st Mar 2019 0.00 years
Entry Load Nil
Expense Ratio (as on Mar 31,2019)
Regular: 0.21%
Direct: 0.11%
Exit Load (both plans) NIL

* 0 - indicates No Value


Returns are on a compounded annual basis for period more than one year and absolute for oneyear period and computed using NAV of Regular Plan-Growth Option