January 13, 2025
mayank
Shriram Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Sahifund.com
NAV Growth: Rs 11.6441
Monthly NAV IDCW: Rs 10.0469
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 generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market instruments with overnight maturity.
Fund Manager:
1) Deepak Ramaraju
Education: Mr. Ramaraju has done B.E.(Chemical Engineering).
Experience: Prior to joining Shriram Mutual Fund, he has worked with Sanlam Group of South Africa as a part of their global equity research team and GE India Technology Center as a researcher and co-inventor.
2) Gargi Bhattacharyya Banerjee
Education: Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta.
Experience: Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd
3) Sudip Sur esh More
Education: Mr. More has done B.E. (EXTC), MMS (Finance) and FRM
Experience: Prior to joining Shriram Mutual Fund, he has worked with Kshema General Insurance Company and Sahara India Life Insurance Company Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 24 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Shriram Overnight Fund
| Fund House | Shriram Mutual Fund |
| Launch Date | 26-Aug-22 |
| Return Since Launch | 6.59% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 208 Cr |
| (As on 31-Dec-2024) | |
| Expense | 0.10% |
| (As on 30-Nov-2024) | |
| Risk Grade | — |
| Return Grade | Average |
Shriram Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Shriram Overnight Dir | 0.17 | 0.02 | 0.54 | 1.60 | 3.22 | 6.63 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.18 | 0.04 | 0.35 | 1.05 | 2.39 | 4.79 | — | — | — | — |
| Debt: Overnight | 0.18 | 0.02 | 0.56 | 1.63 | 3.27 | 6.70 | — | — | — | — |
| Rank within category | 34 | 33 | 34 | 33 | 32 | 31 | — | — | — | — |
| Number of funds in category | 34 | 34 | 34 | 34 | 34 | 34 | 27 | 26 | 2 | 2 |
Shriram 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 | |
| Shriram Overnight Dir | 3 star | 6.63 | — | — | 0.10 | 208 | 6.59 | — | 2Y 4M |
| Axis Overnight Dir | 5 star | 6.75 | 6.10 | 4.97 | 0.05 | 8,626 | 5.04 | — | 5Y 9M |
| ABSL Overnight Dir | 4 star | 6.72 | 6.07 | 4.95 | 0.08 | 8,153 | 5.11 | — | 6Y 2M |
| Nippon India Overnight Dir | 4 star | 6.73 | 6.09 | 4.96 | 0.08 | 6,843 | 5.10 | — | 6Y |
| Tata Overnight Dir | 4 star | 6.74 | 6.07 | 4.95 | 0.06 | 3,945 | 5.02 | — | 5Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 4 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 6.68 | 6.67 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Shriram Overnight Fund
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