3 Year return
0Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Low Risk
Asset Under Management
₹172.58 Cr.
Expense Ratio
0.07% (inclusive of GST)
Exit Load
Nil
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
Shriram Mutual Fund Managers
DR
Deepak Ramaraju
Fund Manager since Aug 2023
Fund House Details
Shriram Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Aditya Birla Sun Life Overnight Fund Direct Monthly Payout of IDCW Payout |
5.57% |
2.5 |
ICICI Prudential Overnight Fund Direct Plan Weekly IDCW Payout |
5.55% |
2 |
UTI Overnight Fund Direct Plan Periodic IDCW Payout |
5.36% |
4.5 |
Schemes by Shriram Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Shriram Aggressive Hybrid Fund Direct Growth
Hybrid . Aggressive Hybrid Fund
Shriram Aggressive Hybrid Fund Direct IDCW Payout
Hybrid . Aggressive Hybrid Fund
Shriram Aggressive Hybrid Fund Direct IDCW Reinvestment
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Shriram Balanced Advantage Fund Direct Growth
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Shriram Balanced Advantage Fund Direct IDCW Payout
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 | ₹172.58 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 |
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.
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FAQs
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What is the minimum SIP amount to invest in Shriram Overnight Fund?
How do I invest in Shriram Overnight Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Shriram Overnight Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Shriram Overnight Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Shriram Overnight Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.