- Mutual Funds
- Sundaram Mutual Fund
- Sundaram Overnight Fund (RIDCW-M)
Formerly Sundaram Overnight Reg Mn DR
Overnight Funds invest in securities with a maturity of 1 day.
These investments have very low interest rate risk; however this also reduces return.
The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1044.3834
NAV (Apr 15)
Fund Returns
Last 1Y | 0.6% |
Last 3Y | 2.7% |
Last 5Y | 2.8% |
Last 10Y | NA |
Since Inception | 2.8% |
6 Month CAGR | 0% |
Scheme Information
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.
Expense Ratio | 0.18 |
Launched (5y ago) | Mar 20, 2019 |
AUM in Crores | 897.957 |
ISIN | INF903JA1HF7 |
Lock-in | No Lock-in |
Benchmark | Nifty 1D Rate TR INR |
SIP Minimum | 0 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.6 |
Standard Deviation (5yr) | 0.8 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -2.981 |
Sharpe Ratio (5yr) | -2.513 |
YTM | 6.68383 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Sundaram Overnight Fund (RIDCW-M) | 7,83,051 | 50,439 | 2.8% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
reverse repo
86.3%treps
8.6%182 Days Treasury Bill 04-04-2024
2.8%364 Days Treasury Bill 22-03-2024
1.7%cash and other net current assets^
0.6%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Sundaram Asset Management Company Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
13.1% | 8.7% | ||
24.2% | 20.9% | ||
5.1% | 4.8% | ||
24.2% | 13.1% | ||
21.6% | % |
Sundaram Overnight Fund (RIDCW-M) Review
Sundaram Overnight Fund (RIDCW-M) is a Overnight Debt fund and has delivered an annualised return of 2.8% over a period of 5 years. The fund was previously known as Sundaram Overnight Reg Mn DR. The fund is managed by Sundaram Asset Management Company Ltd. The fund managers are Dwijendra Srivastava, Sandeep Agarwal.
Nav of Sundaram Overnight Fund (RIDCW-M) as of 4/15/2024 is ₹1044.38 with the total AUM as of 4/16/2024 is ₹897.957. With Scripbox you can compare and check the latest nav for all mutual funds in India. Sundaram Overnight Fund (RIDCW-M) was launched on Mar 20, 2019. The category risk of the fund is Low Risk.
The minimum SIP amount for Sundaram Overnight Fund (RIDCW-M) is ₹0 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Sundaram Overnight Fund (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty 1D Rate TR INR.
Sundaram Overnight Fund (RIDCW-M) is rated as a 4 fund in Debt and delivered 0.6% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Sundaram Overnight Fund (RIDCW-M).
Frequently Asked Questions
What is Sundaram Overnight Fund (RIDCW-M)?
How to invest in Sundaram Overnight Fund (RIDCW-M)?
You can invest in Sundaram Overnight Fund (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Sundaram Overnight Fund (RIDCW-M)?
The minimum sip amount for Sundaram Overnight Fund (RIDCW-M) is ₹0. You can invest in multiples of ₹5000.
Is Sundaram Overnight Fund (RIDCW-M) good to invest in?
As per Scripbox experts, Sundaram Overnight Fund (RIDCW-M) is a Top Ranked fund. You can investSundaram Overnight Fund (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Sundaram Overnight Fund (RIDCW-M)?
The expense ratio of the Sundaram Overnight Fund (RIDCW-M) is 0.18% for regular plan.