January 18, 2025
mayank
Samco Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Sahifund.com
NAV Growth: Rs 1,155.2703
Suitable For Which Investors?
“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.”
Fund’s Investment Strategy:
The Scheme is seeks to provide reasonable returns commensurate with very low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/ residual maturity of 1 day.
Fund Manager:
1) Dhawal Ghanshyam Dhanani
Education: Mr. Dhawal Dhanani is a B.Com., C.A.
Experience: He started as an equity research analyst at Samco Securities Ltd. He has over 5 years of work experience with more than 2 years capital markets and investment research.
2) Umeshkumar Mehta
Education: Mr. Mehta is B.Com., C.A.
Experience: Prior to Samco AMC, he headed Samco Group Research Team and managed Public Relations through regular interaction in Business Channels and Print Media.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Samco Overnight Fund
| Fund House | Samco Mutual Fund |
| Launch Date | 12-Oct-22 |
| Return Since Launch | 6.57% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 50 Cr |
| (As on 31-Dec-2024) | |
| Expense | 0.13% |
| (As on 31-Dec-2024) | |
| Risk Grade | — |
| Return Grade | Low |
Samco Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Samco Overnight Dir | 0.30 | 0.02 | 0.55 | 1.61 | 3.19 | 6.52 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.31 | 0.03 | 0.42 | 1.08 | 2.41 | 4.79 | — | — | — | — |
| Debt: Overnight | 0.30 | 0.02 | 0.56 | 1.64 | 3.28 | 6.69 | — | — | — | — |
| Rank within category | 30 | 34 | 32 | 32 | 33 | 33 | — | — | — | — |
| Number of funds in category | 34 | 34 | 34 | 34 | 34 | 34 | 27 | 26 | 2 | 2 |
Samco Overnight Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Samco Overnight Dir | 1 star | 6.52 | — | — | 0.13 | 50 | 6.57 | — | 2Y 3M |
| Axis Overnight Dir | 5 star | 6.75 | 6.12 | 4.97 | 0.05 | 8,626 | 5.05 | — | 5Y 10M |
| ABSL Overnight Dir | 4 star | 6.72 | 6.09 | 4.95 | 0.08 | 8,153 | 5.12 | — | 6Y 2M |
| Nippon India Overnight Dir | 4 star | 6.73 | 6.11 | 4.97 | 0.08 | 6,843 | 5.10 | — | 6Y 1M |
| Tata Overnight Dir | 4 star | 6.74 | 6.09 | 4.95 | 0.06 | 3,945 | 5.03 | — | 5Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 4 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 5.75 | 6.65 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Samco Overnight Fund
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