November 10, 2022
mayank
SBI Overnight Fund
NAV Growth: Rs 3,563.1811
NAV IDCW Weekly: Rs 1,129.3510
NAV IDCW Daily: Rs 1,105.9642
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 seeks to provide the investors an opportunity to invest in overnight securities maturing on the next business day.
Fund Manager:
1) R Arun
Education: Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP).
Experience: Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 2,000 |
| Min. Withdrawal (Rs) | 5,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.17% |
| Benchmark | CRISIL Overnight Fund AI Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 26,367 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 0.10% |
| (As on 30-Sep-2022) | |
| Risk Grade | — |
| Return Grade | Average |
SBI Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Overnight Dir | 3.8 | 0.02 | 0.5 | 1.4 | 2.55 | 4.29 | 3.68 | 4.62 | 5.15 | — |
| CCIL T Bill Liquidity Weight | 1.9 | 0 | 0.25 | 0.7 | 1.36 | 2.24 | 2.51 | 3.21 | 3.55 | — |
| Debt: Overnight | 3.81 | 0.02 | 0.51 | 1.4 | 2.55 | 4.31 | 3.7 | 4.63 | 5.17 | — |
| Rank within category | 22 | 17 | 25 | 24 | 24 | 22 | 19 | 2 | 2 | — |
| Number of funds in category | 29 | 33 | 32 | 31 | 30 | 29 | 26 | 3 | 3 | 0 |
SBI Overnight Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| SBI Overnight Dir | 3 star | 4.29 | 3.68 | 4.62 | 0.10 | 26,367 | 6.17 | — | 9yrs 10mo |
| ABSL Overnight Dir | 4 star | 4.33 | 3.71 | — | 0.08 | 14,660 | 4.28 | — | 4yrs 0mo |
| Nippon Ind Overnight Dir | 4 star | 4.35 | 3.73 | — | 0.07 | 14,561 | 4.23 | — | 3yrs 10mo |
| Axis Overnight Dir | 4 star | 4.35 | 3.73 | — | 0.05 | 13,126 | 4.08 | — | 3yrs 8mo |
| HSBC Overnight Dir | 5 star | 4.35 | 3.75 | — | 0.11 | 1,015 | 3.98 | — | 3yrs 5mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 2 |
| Modified Duration (yrs) | 0 | — |
| Average Maturity (yrs) | 0 | — |
| Yield to Maturity (%) | 6.14 | 6.13 |
| Avg Credit Rating | — |
Chanakya’s Mutual Fund Guidance For SBI Overnight Fund
Apply Online: https://www.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
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