August 22, 2026
mayank
Shriram Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,268.74 |
| NAV IDCW Monthly (Rs.) | 1,000.40 |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 24 |
| Benchmark | CRISIL Liquid Overnight Index |
| AUM Rs. | 62 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.10% |
| 1 Year Return (%) | — |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 6.15% |
Suitable For Which Investors?
Overnight funds are suitable for:
1. Parking emergency corpus or idle money for capital preservation
2. Earning slightly higher returns than savings bank account, with low volatility
3. Investment horizon of up to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
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) Amit Modani
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining Shriram AMC, he has worked with Mirae Asset Mutual Fund, BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
2) Sudip Suresh 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 | 6.15% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 62 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.10% |
| (As on 31-Jul-2026) | |
| Risk Grade | Low |
| Return Grade | Below Average |
Shriram Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Shriram Overnight Dir | 3.29 | 0.01 | 0.43 | 1.31 | 2.58 | 5.30 | 6.06 | — | — | — |
| Debt: Overnight | 3.27 | 0.01 | 0.43 | 1.29 | 2.55 | 5.28 | 6.09 | — | — | — |
| Rank within category | 13 | 30 | 27 | 9 | 5 | 21 | 26 | — | — | — |
| Number of funds in category | 38 | 39 | 39 | 38 | 38 | 38 | 33 | 27 | 21 | 2 |
Peer Comparison of Shriram Overnight Fund
| 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 | 2 out of 5 stars | 5.30 | 6.06 | — | 0.10 | 62 | 6.15 | — | 3Y 11M |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.32 | 6.11 | 5.67 | 0.07 | 13,144 | 5.18 | — | 7Y 9M |
| Axis Overnight Dir | 5 out of 5 stars | 5.34 | 6.15 | 5.72 | 0.06 | 10,178 | 5.17 | — | 7Y 5M |
| Kotak Overnight Dir | 4 out of 5 stars | 5.33 | 6.13 | 5.69 | 0.06 | 8,818 | 5.16 | — | 7Y 7M |
| Tata Overnight Dir | 5 out of 5 stars | 5.35 | 6.15 | 5.70 | 0.05 | 5,278 | 5.15 | — | 7Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 5.35 | 5.27 |
| Avg Credit Rating | Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://shrifunds.shriramamc.in/login
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