Historical NAV & Returns
About Shriram Overnight Fund Direct Growth
Shriram Overnight Fund Direct Growth is a debt fund. This fund was started on 26 August, 2022. The fund is managed by Gargi Banerjee. This fund is suitable to keep your money safe.
Key Parameters
- Shriram Overnight Fund Direct Growth has ₹125 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Shriram Overnight Fund Direct Growth has given a CAGR return of 6.56% since inception. Over the last 1 year the fund has given a CAGR return of 6.47%.
Holdings
Shriram Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are
Taxation
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Shriram Overnight Fund Direct Growth
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
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Shriram Overnight Fund Direct Growth has no lock in period.
Shriram Overnight Fund Direct Growth Overview
| Expense ratio | 0.11% |
Benchmark | CRISIL Overnight TR INR |
| AUM | ₹125 Cr |
| Inception Date | 26 August, 2022 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low Risk |
Trailing Returns
as on (18-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 125.1 Cr as of Mar'25
- AUM decreased by 60.6 Cr between Mar'25 and Feb'25
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Shriram Overnight Fund Direct Growth | 6.47% | - | - | 6.56% |
 Bank of India Overnight Fund Direct Growth | 6.69% | 6.43% | 5.17% | 5.14% |
 Axis Overnight Fund Direct Growth | 6.65% | 6.38% | 5.1% | 5.09% |
 ICICI Prudential Overnight Fund Direct Growth | 6.59% | 6.33% | 5.05% | 5.14% |
Shriram Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹125 Cr
Expense Ratio 0.11%
Frequently Asked Questions for Shriram Overnight Fund Direct Growth
Shriram Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.5% | 0.5% |
6 Month Returns | 3.12% | 3.12% |
1 Year Returns | 6.47% | 6.47% |
3 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.