Asset under management
Shriram Overnight Fund
NAV 
₹ 11.51
as on Nov 20, 2024
6.61%
Benchmark CRISIL Liquid Overnight Index
Min SIP ₹ 500
Investment Horizon 3-6 months
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
₹ 11.51
6.61 % p.a.
Past performance may or may not be sustained in future
Returns
- 1Y
- 3Y
- 5Y
- 10Y
- Since Inception
- 1Y
- 3Y
- 5Y
- 10Y
- 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
Why invest in Shriram Overnight Fund?
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.
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.
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
Lock-in period
No lock-in
Benchmark
CRISIL Liquid Overnight Index
Inception Date
26-Aug-2022
Scheme options
Regular Plan
- (i) Growth
- (ii) IDCW (Payout/Reinvestment)
Direct Plan
- (i) Growth
- (ii) IDCW (Payout/Reinvestment)
Minimum Investment
₹ 500
and in multiples of ₹ 1/- thereafter
Minimum Additional Purchase Amount:
₹ 500
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
Monthly
₹500 and in multiples of Rs. 1/- thereafter for minimum 24 installments
Quarterly
₹1000 and in multiples of Rs. 1/- thereafter for minimum 12 installments
Entry load
There is no entry load
Exit load
There is no exit load
Expense ratio
0.15%
Regular Growth
0.1%
Direct Growth
Fund Performance
Performance of Shriram Overnight Fund - Regular Growth as of Nov 14, 2024
Returns of Direct Plan - Growth Option as on 14-Nov-2024 Date of inception 26-Aug-2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| NAV Rs. 11.53 | AUM Rs.(in crore)321.78 | |||||||
| Date | Period | Nav (Rs.) Per Unit | Scheme Returns (%) | Scheme Benchmark Returns (%) | Additional Benchmark (CRISIL 1 Yr T-Bill Index) Returns (%) | Current value of ₹ 10,000 invested | ||
| Scheme | Scheme Benchmark | Additional Benchmark (CRISIL 1 Yr T-Bill Index) | ||||||
| Nov 07, 2024 | Last 7 Day | 11.5118 | 0.12% | 0.13% | NA | ₹10,012 | ₹ 10,013 | NA |
| Oct 30, 2024 | Last 15 Day | 11.4965 | 0.25% | 0.28% | NA | ₹10,025 | ₹ 10,028 | NA |
| Oct 14, 2024 | Last 1 Month | 11.4648 | 0.53% | 0.55% | NA | ₹10,053 | ₹ 10,055 | NA |
| Aug 14, 2024 | Last 3 Month | 11.3448 | 1.59% | 1.61% | NA | ₹10,159 | ₹ 10,161 | NA |
| May 14, 2024 | Last 6 Month | 11.1630 | 3.24% | 3.32% | NA | ₹10,324 | ₹ 10,332 | NA |
| Nov 13, 2023 | Last 1 Year | 10.8004 | 6.71% | 6.82% | -100.00% | ₹10,671 | ₹ 10,682 | ₹ 0 |
| Aug 26, 2022 | Since Inception(26 Aug 2022) | 10.0000 | 6.60% | 6.63% | -100.00% | ₹11,525 | ₹ 11,533 | ₹ 0 |
Returns of Regular Plan - Growth Option as on 14-Nov-2024 Date of inception 26-Aug-2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| NAV Rs. 11.50 | AUM Rs.(in crore)321.78 | |||||||
| Date | Period | Nav (Rs.) Per Unit | Scheme Returns (%) | Scheme Benchmark Returns (%) | Additional Benchmark (CRISIL 1 Yr T-Bill Index) Returns (%) | Current value of ₹ 10,000 invested | ||
| Scheme | Scheme Benchmark | Additional Benchmark (CRISIL 1 Yr T-Bill Index) | ||||||
| Nov 07, 2024 | Last 7 Day | 11.4870 | 0.12% | 0.13% | NA | ₹10,012 | ₹10,013 | NA |
| Oct 30, 2024 | Last 15 Day | 11.4719 | 0.25% | 0.28% | NA | ₹10,025 | ₹10,028 | NA |
| Oct 14, 2024 | Last 1 Month | 11.4405 | 0.52% | 0.55% | NA | ₹10,052 | ₹10,055 | NA |
| Aug 14, 2024 | Last 3 Month | 11.3220 | 1.57% | 1.61% | NA | ₹10,157 | ₹10,161 | NA |
| May 14, 2024 | Last 6 Month | 11.1428 | 3.21% | 3.32% | NA | ₹10,321 | ₹10,332 | NA |
| Nov 13, 2023 | Last 1 Year | 10.7875 | 6.61% | 6.82% | NA | ₹10,661 | ₹10,682 | NA |
| Aug 26, 2022 | Since Inception | 10.0000 | 6.49% | 6.63% | NA | ₹11,500 | ₹11,533 | NA |
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 Compounded Annual Growth Returns (CAGR) for the past 1 year & since inception and absolute return 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
Fund Distribution
(as on 31 Oct 2024)
Net Receivables / (Payables)
0.43%Money Market Instruments
99.57%
Sector Allocation
(as on 31 Oct 2024)
Others
100.00%
Holdings (2)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| TREPS_RED_04.11.2024 | Others | Money Market Instruments | |
| Net Receivables / (Payables) | Others | Net Receivables / (Payables) |
Holdings
(as on 31 Oct 2024)
Sector Allocation
Others
100.00%
Fund Management
Mr Deepak Ramaraju
Managing this fund since 26 Aug 22
Mr Deepak Ramaraju
Managing this fund since 26 Aug 22Work Experience
21 yearsFund Managed
07
Ms Gargi Bhattacharyya Banerjee
Managing this fund since 26 Aug 22
Ms Gargi Bhattacharyya Banerjee
Managing this fund since 26 Aug 22Work Experience
22 yearsFund Managed
07
Mr. Sudip
Managing this fund since 3 Oct 24
Mr. Sudip
Managing this fund since 3 Oct 24Work Experience
19 yearsFund Managed
07Mr Deepak Ramaraju
Managing this fund since 26 Aug 22
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
- Shriram Nifty 1D Rate Liquid ETF
Ms Gargi Bhattacharyya Banerjee
Managing this fund since 26 Aug 22
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
- Shriram Nifty 1D Rate Liquid ETF
Mr. Sudip
Managing this fund since 3 Oct 24
Mr. Sudip has around 19 years of experience in managing Fixed Income Investments, Macroeconomic Research and Credit Analysis. Prior to this assignment, Mr. Sudip was Debt Fund Manager at Kshema General Insurance Company. Additionally, he has also worked with Sahara India Life Insurance Company Ltd as a Debt Fund Manager whereby managing ULIP and Traditional funds on Fixed Income side.
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
- Shriram Nifty 1D Rate Liquid ETF
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
customercare@shriramamc.co.in
Contact
Investor – 18604191200
Distributor - 18604191400
Frequently Asked Questions
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.
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.
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.
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.
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.
Who is the Fund Manager of the scheme?
The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee
How has the fund performed?
Shriram Overnight Fund is a new scheme and does not have any performance track record.
What is the minimum investment amount?
Minimum investment amount is Rs. 5,000/- and in multiples of Rs. 1/- thereafter. Under Systematic Investment Plan, the minimum amount is Rs. 1,000/- monthly and Rs. 3,000/- quarterly.
Is there any entry – exit load?
There is no entry load or exit load.
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.
