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Shriram Overnight Fund

Debt

Investment Objective

The primary objective of the scheme is 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.

Historical NAV

Shriram Overnight Fund

₹ 11.20

Jun 14, 2024

6.71 % p.a.

returns Since Inception -

Past performance may or may not be sustained in future

Returns

  • 1Y
  • 3Y
  • 5Y
  • 10Y
  • Since Inception
  • 1Y
  • 3Y
  • 5Y
  • 10Y
  • Since Inception
Worth of investment Since Inception

Lumpsum

1 Lakh Investment Grown to

₹ 1 Lakh

SIP

₹ 10000 Monthly SIP Grown to

₹ 10.29 Lakh

Disclaimer: Past performance may or may not be sustained in future. For performance in SEBI Format please refer performance section. 

This fund is ideal for you if you are looking for

Easy Liquidity

Plan this Goal

Why invest in Shriram Overnight Fund?

  • beating-return

    Risk adjustment: The fund is designed to generate reasonable, risk-adjusted returns in the short term by selectively investing only in low-risk, quality assets.

  • downside-protection

    Short investment period: The investment instruments of the fund have a residual maturity of just one day, which makes it a relatively safer way of investing funds with very low risk.

  • active-fund

    No entry/exit loads: Investors can buy and sell investments without incurring any additional fees or charges.

How to invest in Shriram Overnight Fund?

  • 1

    Register and create a folio by completing KYC verification and bank account authentication.

  • 2

    Select the mutual fund you wish to invest in, enter the amount you want to invest.

  • 3

    Make the payment.

  • 4

    Receive a confirmation of your investment.

How does the fund work

Meena, a young working professional, received a bonus and decided to invest the surplus cash in Shriram Overnight Fund for short-term liquidity needs and safety of capital.

She was able to withdraw her money easily in a month to buy a laptop without any exit load.

Also, the fund provided her with higher returns than a traditional savings account. With Shriram Overnight Fund, Meena was able to utilize her surplus cash effectively.

Disclaimer: The performance of any mutual fund is subject to market risks and may vary from person to person. The above-mentioned story is for illustrative purposes only and should not be considered as a guarantee or assurance of the performance of any mutual fund. It is important to do your own research and consult with a financial advisor before making any investment decisions. 

This product is suitable for investors* who are seeking:

  • Returns commensurate with low risk and convenience of liquidity over short term
  • Investment in debt and money market instruments with overnight maturity.
  • Low Risk

*Investors should consult their financial advisers if in doubt whether the product is suitable for them

Riskometer

Investors understand that their principal will be at low risk

Benchmark Riskometer

Benchmark Riskometer is at Low risk

*Investors should consult their financial advisers if in doubt whether the product is suitable for them

Fund Details

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Asset under management

₹ 259.03 Cr
₹ 259.03 Cr
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Lock-in period

No lock-in
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Benchmark

CRISIL Liquid Overnight Index
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Inception Date

26-Aug-2022
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Scheme options

Regular Plan somthing went wrong

  • (i) Growth
  • (ii) IDCW (Payout/Reinvestment)

Direct Plan somthing went wrong

  • (i) Growth
  • (ii) IDCW (Payout/Reinvestment)
min-invest

Minimum Investment

₹ 5000

and in multiples of ₹1/- thereafter

min-invest

Minimum Additional Purchase Amount: 

₹ 1000

and in multiples of ₹1/- thereafter

Note: In accordance with the regulatory requirement, the minimum application amount and minimum redemption amount will not be applicable for investment made in schemes of the Fund in compliance with the SEBI circular no. SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated April 28, 2021 read along with SEBI circular no. SEBI/HO/IMD/IMD- I/DOF5/P/CIR/2021/629 dated September 20, 2021.

sip

SIP

Monthly

₹1000 and in multiples of Re. 1/- thereafter

Quarterly

₹3000 and in multiples of Re. 1/- thereafter

enty-load

Entry load

There is no entry load

entry load

Exit load

There is no exit load

expense

Expense ratio

0.15%

Regular Growth

0.07%

Direct Growth

Fund Performance

Performance of Shriram Overnight Fund - Regular Growth as of Jun 11, 2024

Returns of Direct Plan - Growth Option as on 11-Jun-2024

Date of inception 26-Aug-2022

NAV Rs. 11.22AUM Rs.(in crore)259.03
DatePeriodNav (Rs.) Per UnitScheme Returns (%)Scheme Benchmark Returns (%)

Additional Benchmark (CRISIL 1 Yr T-Bill Index) Returns (%)

Current value of ₹ 10,000 invested
SchemeScheme Benchmark

Additional Benchmark (CRISIL 1 Yr T-Bill Index)

Jun 04, 2024Last 7 Day11.20470.12%0.12%NA₹10,012₹ 10,012NA
May 27, 2024Last 15 Day11.18900.26%0.27%NA₹10,026₹ 10,027NA
May 11, 2024Last 1 Month11.15690.55%0.55%NA₹10,055₹ 10,055NA
Mar 11, 2024Last 3 Month11.03651.65%1.67%-100.00%₹10,165₹ 10,167₹ 0
Dec 11, 2023Last 6 Month10.85653.33%3.37%-100.00%₹10,333₹ 10,337₹ 0
Jun 09, 2023Last 1 Year10.50146.83%6.90%-100.00%₹10,683₹ 10,690₹ 0
Jun 11, 2021Last 3 YearNANANANANANANA
Jun 11, 2019Last 5 YearNANANANANANANA
Jun 11, 2014Last 10 YearNANANANANANANA
Aug 26, 2022Since Inception(26 Aug 2022)10.00006.62%6.62%-100.00%₹11,218₹ 11,220₹ 0
Returns of Regular Plan - Growth Option as on 11-Jun-2024

Date of inception 26-Aug-2022

NAV Rs. 11.20AUM Rs.(in crore)259.03
DatePeriodNav (Rs.) Per UnitScheme Returns (%)Scheme Benchmark Returns (%)

Additional Benchmark (CRISIL 1 Yr T-Bill Index) Returns (%)

Current value of ₹ 10,000 invested
SchemeScheme Benchmark

Additional Benchmark (CRISIL 1 Yr T-Bill Index)

Jun 04, 2024Last 7 Day11.18390.12%0.12%NA₹10,012₹10,012NA
May 27, 2024Last 15 Day11.16840.26%0.27%NA₹10,026₹10,027NA
May 11, 2024Last 1 Month11.13680.54%0.55%NA₹10,054₹10,055NA
Mar 11, 2024Last 3 Month11.01811.63%1.67%-100.00%₹10,163₹10,167₹ 0
Dec 11, 2023Last 6 Month10.84193.28%3.37%-100.00%₹10,328₹10,337₹ 0
Jun 09, 2023Last 1 Year10.49336.71%6.90%-100.00%₹10,671₹10,690₹ 0
Jun 11, 2021Last 3 YearNANANANANANANA
Jun 11, 2019Last 5 YearNANANANANANANA
Jun 11, 2014Last 10 YearNANANANANANANA
Aug 26, 2022Since Inception10.00006.51%6.62%-100.00%₹11,197₹11,220₹ 0

Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. CRISIL Liquid Overnight Index is the scheme benchmark. The returns are simple annualized returns for less than 1 year. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan-Growth Option & Direct Plan-Growth Option. Performance of Income Distribution cum Capital Withdrawal (IDCW) option would be Net of Dividend distribution tax, if any. For computation of return since inception (%) the allotment NAV has been taken as Rs. 10.00. Point-to-point returns on a standard investment of Rs. 10,000/- are in addition to CAGR for the Scheme. Past performance may or may not be sustained in future. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a Non-Business Date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee with effect from August 20, 2022.

Fund Portfolio

Sector Allocation

(as on 09 Feb 2024)

  • Money Market Instruments

    99.76%
  • Others

    0.24%
Sector Allocation

(as on 09 Feb 2024)

  • 100.00%
Holdings (2)
NameSectorInstrumentAssets
TREPS - Tri-party RepoMoney Market Instruments
Cash, Cash Equivalents and Net Current AssetsOthers
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Holdings

(as on 09 Feb 2024)

NameSectorInstrumentAssets
TREPS - Tri-party RepoMoney Market Instruments
Cash, Cash Equivalents and Net Current AssetsOthers
fund-management-box1

Funds managed by
Mr Deepak Ramaraju

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Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 17 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund
fund-management-box2

Funds managed by Ms Gargi Bhattacharyya Banerjee

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Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund
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Sector Allocation
  • 100.00%

Fund Management

fund-management-box1

Mr Deepak Ramaraju
Managing this fund since 26 Aug 22

Mr Deepak Ramaraju

Managing this fund since 26 Aug 22

Work Experience

21 years

Fund Managed

05

Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 17 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team. 

fund-management-box2

Ms Gargi Bhattacharyya Banerjee
Managing this fund since 26 Aug 22

Ms Gargi Bhattacharyya Banerjee

Managing this fund since 26 Aug 22

Work Experience

22 years

Fund Managed

05

Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited. 

fund-management-box1

See all schemes managed by
Deepak Ramaraju

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Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 16 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund
fund-management-box2

See all schemes managed by Gargi Bhattacharyya Banerjee

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Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund

Fund House

Shriram Asset Management Co Ltd.

217, 2nd floor, Swastik Chamber, Near junction of S.T. & C.S.T. road, Chembur, Mumbai - 400 071

Email

customercare@shriramamc.co.in

Contact

Investor – 18604191200

Distributor - 18604191400

Frequently Asked Questions

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What is Shriram Overnight Fund?

An open ended debt scheme investing in overnight securities. A Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

faq-arrow

What is the Investment Objective?

The primary objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

faq-arrow

What is the suitability of this scheme?

The scheme is suitable for investors who have the objective of getting returns commensurate with low risk and convenience of liquidity over short term.

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What is the asset allocation?

The scheme shall invest 0 to 100% in Debt & Money Market Instruments with residual maturity not greater than 1 business day.

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What is the Fund management process & investment style?

The funds will be invested in Debt & Money Market Instruments (with residual maturity not greater than 1 business day,) offering reasonable liquidity and returns, with risk perceived by the Investment Manager. Investments under the Scheme would be made predominantly in TREPS (Tri party Repo Dealing and Settlement), overnight reverse repos and fixed income securities/instruments with overnight maturity. The portfolio will be constructed and managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate funds movement.

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Who is the Fund Manager of the scheme?

The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee

faq-arrow

How has the fund performed?

Shriram Overnight Fund is a new scheme and does not have any performance track record.

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What is the minimum investment amount?

Minimum investment amount is Rs. 5,000/- and in multiples of Re. 1/- thereafter. Under Systematic Investment Plan, the minimum amount is Rs. 1,000/- monthly and Rs. 3,000/- quarterly.

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Is there any entry – exit load?

There is no entry load or exit load.

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What is the tax treatment of investment of Shriram Overnight Fund?

Long-term capital gains exceeding Rs. 1 lakh shall be taxed at the rate of 10% without allowing the benefit of any indexation.

Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. With regard to taxation, investors are advised to consult their tax consultants to know the consequences of tax, if any. Income Tax benefits to the mutual fund & to the unit-holder are in accordance with prevailing tax law. The investor shall be solely responsible for any action taken based on this document. Shriram Mutual Fund, Shriram Asset Management Company Limited, Board of Trustees-Shriram Mutual Fund and their associates shall not be liable in any manner for the consequences of such action taken by the investor.

Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme may go up or down depending upon the factors and forces affecting the securities market. There can be no assurance that the Scheme's investment objective will be achieved. The past performance of the Mutual Fund is not indicative of the future performance of the Scheme. The scheme inception date was August 26, 2022. The Sponsor is not responsible or liable for any loss resulting out of the operation of the Scheme beyond the initial contribution of Rs.1 Lakh made towards setting up the Mutual Fund. Shriram Overnight Fund is only the name of the Scheme and does not in any manner indicate the quality of the Scheme or its future prospects or returns. There is no guarantee or assurance as to any return on investment of the unit holders. The investments made by the Scheme are subject to external risks on transfer, pricing, trading volumes, settlement risks, etc. of securities. Please refer to the Offer Document/Statement of Additional Information/Key Information Memorandum of the scheme before investing.

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