3 Year return

0
Launched on August 2022 (2 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹224.29 Cr.

Expense Ratio

0.07% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Shriram Mutual Fund Managers

DR

Deepak Ramaraju

Fund Manager since Aug 2023

View Details

Fund House Details

Shriram Mutual Fund

Shriram Mutual Fund Asset management company

AUM ₹445.26 Cr.
No. of Schemes 15
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Shriram Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Aggressive Hybrid Fund

Shriram Aggressive Hybrid Fund Direct Growth

15.6%
15.49%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Shriram Balanced Advantage Fund Direct Growth

13.83%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Shriram Balanced Advantage Fund Direct IDCW Payout

13.7%

About Shriram Overnight Fund Direct Growth

The Shriram Overnight Fund Direct Growth is an open-ended debt mutual fund scheme that invests in a portfolio of overnight debt securities. The fund aims to provide investors with high liquidity and safety while generating returns that are slightly higher than the returns offered by bank fixed deposits. The fund has been rated as 4-star by CRISIL and is managed by Shriram Mutual Fund, one of the leading asset management companies in India.

Investment Objectives of the Scheme

The investment objective of the Shriram Overnight Fund Direct Growth is to provide investors with income for their investments by investing in a diversified portfolio of overnight debt securities.

Key Features of The Fund

5-year return NA
Expense Ratio 0.07%
Fund Manager Deepak Ramaraju
Fund Size ₹224.29 Cr
Risk Profile Low

Is This Scheme Right for Me?

The Shriram Overnight Fund Direct Growth is a good option for investors who are looking for a liquid and safe investment that can generate returns that are slightly higher than the returns offered by bank fixed deposits. The fund is suitable for investors who have a low risk tolerance and who are looking for a relatively stable investment. However, it is important to note that the fund is not a risk-free investment. The fund's returns can go down as well as up. Investors should only invest in the fund if they are comfortable with the risk of losing money.

AMC Contact Details

Name Shriram Mutual Fund
Launch Date 27th July 1994
Addresss 217, 2nd Floor, Swastik Chambers, Near Junction of S.T. & C.S.T. Road, Chembur, MUMBAI – 400 071
Contact 033 2337 3012
Email info@shriramamc.in
Website https://www.shriramamc.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Reach Your Goals Faster with SIP

Many investors choose Systematic Investment Plans (SIPs) to invest in mutual funds. SIPs allow for disciplined investing by setting up a fixed amount to be invested regularly. This approach helps average out the cost per unit over time and reduces the impact of market volatility. To plan your SIP investment and estimate potential returns, try Angel One's free SIP investment calculator.

FAQs

What is today's NAV of Shriram Overnight Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Shriram Overnight Fund Jun 12 2024 is 11.2204

What is the AUM of Shriram Overnight Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Shriram Overnight Fund is 224.29 crore.

What is the expense ratio of Shriram Overnight Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Shriram Overnight Fund is 0.07%

What are the returns of Shriram Overnight Fund since inception?

The Shriram Overnight Fund was launched on Aug 17 2022. The fund has delivered a CAGR of 6.62 since inception.

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

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Shriram Overnight Fund is 1000.

How do I invest in Shriram Overnight Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Shriram Overnight Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Shriram Overnight Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

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

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.