Investment Objective and Approach

The scheme seeks to generate income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity /maturing in one business day. 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 fund follows a conservative investment approach focusing on:

- Securities with overnight maturity

- Money market instruments

- Cash and cash equivalents

- 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.

Key characteristics include:

- Low risk rating

- High liquidity for short-term requirements

- Minimal interest rate risk due to overnight maturity

- They deliver steady, but low returns and are not suitable to build wealth in the long run.

Fund Managers

Siddharth Chaudhary is the Current Fund Manager of Sundaram Overnight Fund Direct Growth fund. The fund benefits from Sundaram Mutual Fund's experienced debt management team, which includes seasoned professionals with expertise in money market instruments and short-term debt securities.

The fund management team focuses on:

- Rigorous credit evaluation of overnight securities

- Optimal liquidity management

- Maintaining portfolio quality with minimal credit risk

- Ensuring compliance with regulatory requirements for overnight funds

About the Fund House (AMC)

Sundaram Asset Management Company Ltd., the holding organisation of Sundaram Mutual Funds, is a wholly owned subsidiary of Sundaram Finance Limited, one of India's oldest and most recognisable financial institutions. They have over 20 years of experience in fund management at the highest level.

Key highlights of Sundaram Mutual Fund:

- At the time of its inception in 1996, the AMC was co-sponsored by Sundaram Finance Limited and Stewart Newton Holdings (Mauritius).

- Its parent organisation, Sundaram Finance Ltd., was incorporated back in 1954, becoming one of the first financial organisations to be formed in independent India.

- Sundaram Mutual Fund manages assets worth 72203 crores and was set up on 1996-02-26.

- The AMC has a diverse portfolio of mutual funds in multiple segments including equity, debt, liquid and fixed income funds.

- They have an astute 21 member investment team, comprising of fund managers, analysts, dealers and economists, who are at the forefront of financial services. With a robust retail connection, Sundaram has earned the loyalty of a vast clientele who trust their investor-friendly approach and long-term outperformance.

The fund house has established itself as a reliable player in the Indian mutual fund industry with a focus on delivering consistent performance across different market cycles.

Should I Invest in Sundaram Overnight Fund?

Sundaram Overnight Fund is suitable for investors who:

Consider investing if you:

- Need to park surplus funds for very short durations

- Want slightly higher returns than savings account without significant risk

- Have money set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year

- Require high liquidity with minimal exit barriers

- Prefer capital preservation over high returns

- Are corporate treasuries looking for short-term investment options

Avoid if you:

- Are looking to build wealth in the long run as these funds deliver low returns

- Expect significant capital appreciation

- Can afford to take higher risk for better returns

- Have long-term investment horizon of more than 1-2 years

- Need regular income through dividends

Key considerations:

- The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital

- Returns are marginally higher than bank savings account

- Ideal for temporary parking of funds

- There is no lock in period providing complete flexibility

- Suitable for risk-averse investors prioritizing capital safety over returns

FAQs

What is today's NAV of Sundaram Overnight Fund?

The Latest NAV as of 21 Aug 2025 is ₹1,386.23. NAV changes daily based on the fund's underlying securities performance.

What is the AUM of Sundaram Overnight Fund?

The fund currently has an Asset Under Management(AUM) of ₹71,486 Cr as of August 21, 2025, indicating strong investor confidence and fund size.

What is the expense ratio of Sundaram Overnight Fund?

The expense ratio of Sundaram Overnight Fund - Regular Plan is 0.13 which is quite competitive for overnight funds, keeping costs minimal for investors.

What are the returns of Sundaram Overnight Fund since inception?

Sundaram Overnight Fund Direct - Growth scheme return performance in last 1 year is 6.62%, in last 3 years is 20.17% and 35.85% since scheme launch.

What is the minimum SIP amount to invest in Sundaram Overnight Fund?

Minimum SIP Investment is set to ₹100. This low minimum makes it accessible for small investors as well.

How do I invest in Sundaram Overnight Fund?

You can invest through Allvest platform easily by completing your KYC, selecting the fund, and making payment through UPI, net banking, or debit card.

How to start a SIP in Sundaram Overnight Fund?

Log into your Allvest account, search for Sundaram Overnight Fund, choose SIP option, set amount and frequency, and complete the investment process.

How do I automate an SIP in Sundaram Overnight Fund?

Through Allvest platform, you can set up auto-debit instructions from your bank account to ensure automated SIP investments without manual intervention each month.

How can I withdraw/redeem my investment in Sundaram Overnight Fund?

You can redeem your investment anytime through Allvest platform by placing a redemption request. After placing the redemption request, you can expect your investment to land in your bank account within two-three business days.