Shriram Overnight Fund Overview
Category Overnight Fund
BMSMONEY Rank N/A
BMSMONEY Rating N/A
Gro. Opt. As On: 29-10-2024
NAV ₹11.47(R) +0.02% ₹11.49(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 6.59% -% -% -% -%
LumpSum (D) 6.7% -% -% -% -%
SIP (R) 6.53% -% -% -% -%
SIP (D) 6.62% -% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
Top Overnight Fund
Fund Name Rank Rating
Bank of India Overnight Fund 1
Axis Overnight Fund 2
Uti Overnight Fund 3
Invesco India Overnight Fund 4
Mirae Asset Overnight Fund 5
Pgim India Overnight Fund 6

NAV Date: 29-10-2024

Scheme Name NAV Rupee Change Percent Change
Shriram Overnight Fund - Regular Daily IDCW 10.0
0.0000
0.0000%
Shriram Overnight Fund - Direct Daily IDCW 10.0
0.0000
0.0000%
Shriram Overnight Fund - Direct Monthly IDCW 10.02
0.0000
0.0200%
Shriram Overnight Fund - Regular Monthly IDCW 10.02
0.0000
0.0200%
Shriram Overnight Fund - Regular Growth 11.47
0.0000
0.0200%
Shriram Overnight Fund - Direct Growth 11.49
0.0000
0.0200%

Review Date: 29-10-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It indicates the appreciation in the investment's value within the investment period, represented as a percentage or a specific amount of money. We conducted an analysis of the four return parameters of this fund to assess their performance. To assess performance, we have segmented the return parameters into three groups: the top 25%, parameters below the top 25% but still above average, and parameters below average. The results are provided below.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: The fund does not have any return parameter which is above average but below the top 25%.
    3. Below Average: Four return parameters of the fund are below average in the category, which are listed below:
      • 1Y Return %
      • 6M Return %
      • 3M Return %
      • 1M Return %
  2. Risk: Various factors can lead to the risk of either not meeting expected returns or encountering a monetary loss. For Shriram Overnight Fund, we have analyzed zero risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: Shriram Overnight Fund does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: Shriram Overnight Fund does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: Shriram Overnight Fund does not have any risk parameters above average; which is a good sign.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For Shriram Overnight Fund, we have evaluated zero risk-adjusted performance parameters.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.49
0.49
0.42 | 0.52 29 | 35 Poor
3M Return % 1.58
1.59
1.37 | 1.64 30 | 35 Poor
6M Return % 3.21
3.21
2.79 | 3.32 28 | 35 Poor
1Y Return % 6.59
6.63
6.00 | 6.99 31 | 35 Poor
1Y SIP Return % 6.53
6.55
5.80 | 6.83 30 | 35 Poor
Return data last Updated On : Oct. 29, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.50 0.50 0.44 | 0.53 30 | 35
3M Return % 1.60 1.61 1.42 | 1.66 29 | 35
6M Return % 3.24 3.26 2.89 | 3.36 26 | 35
1Y Return % 6.70 6.72 6.21 | 7.09 25 | 35
1Y SIP Return % 6.62 6.64 6.01 | 6.91 26 | 35
Return data last Updated On : Oct. 29, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.02 ₹ 10,002.00 0.02 ₹ 10,002.00
1W 0.12 ₹ 10,012.00 0.12 ₹ 10,012.00
1M 0.49 ₹ 10,049.00 0.50 ₹ 10,050.00
3M 1.58 ₹ 10,158.00 1.60 ₹ 10,160.00
6M 3.21 ₹ 10,321.00 3.24 ₹ 10,324.00
1Y 6.59 ₹ 10,659.00 6.70 ₹ 10,670.00
3Y ₹ ₹
5Y ₹ ₹
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 6.53 ₹ 12,420.14 6.62 ₹ 12,425.63
3Y ₹ 36000 ₹ ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Shriram Overnight Fund NAV Regular Growth Shriram Overnight Fund NAV Direct Growth
29-10-2024 11.4699 11.4945
28-10-2024 11.468 11.4926
25-10-2024 11.4621 11.4866
24-10-2024 11.4601 11.4845
23-10-2024 11.458 11.4825
22-10-2024 11.456 11.4804
21-10-2024 11.454 11.4784
18-10-2024 11.4482 11.4725
17-10-2024 11.4462 11.4706
16-10-2024 11.4443 11.4687
15-10-2024 11.4424 11.4667
14-10-2024 11.4405 11.4648
11-10-2024 11.4348 11.459
10-10-2024 11.4329 11.4571
09-10-2024 11.431 11.4552
08-10-2024 11.4291 11.4533
07-10-2024 11.4272 11.4514
04-10-2024 11.4216 11.4456
03-10-2024 11.4197 11.4437
01-10-2024 11.4158 11.4398
30-09-2024 11.4137 11.4376

Fund Launch Date: 26/Aug/2022
Fund Category: Overnight Fund
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.
Fund Description: The fund is designed to generate reasonable risk adjusted return in the short term. The fund selectively invests only in low risk, quality assets which have almost zero risk from interest rate movements and credit defaults. It is a relatively safer way of investing funds without undue risk of interest rate and credit risk. The fund generates a relatively stable returns to ensure there is minimal MTM risk or almost nil repricing risk.
Fund Benchmark: Crisil Liquid Overnight Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.