Sundaram Mutual Fund launches Sundaram Overnight Fund

Mutual Fund
Mar 16, 2019 by Advisorkhoj Team | Mutual Fund | 1 Downloaded

NFO period: 15th March – 20th March, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in overnight securities

  • Investment objective – To generate income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity / maturing in one business day. No Guarantee: Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the Schemes. There is also no guarantee of capital or return either by the mutual fund or by the sponsor or by the Asset management Company.

  • Product suitability – The product is suitable for investors who are seeking by investing over very short term periods income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity and seeking returns in line with overnight call / money market rates.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Dividend Pay-out (Monthly), Dividend Sweep, Dividend Reinvestment (Daily, Weekly, Fortnightly & Monthly).

  • Fund Manager – Mr. Siddharth Chaudhary and Mr. Sandeep Agarwal

  • Benchmark – NIFTY 1D Rate Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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