Sundaram Mutual Fund has announced a New Fund Offer (NFO) for Sundaram Overnight Fund. The NFO period begins on March 15, 2019 and will close on March 20, 2019. The scheme will reopen for continuous purchases and redemption on March 25, 2019. The open-ended scheme aims to generate income for his investors by investing in debt and money market instruments including cash and cash equivalents with overnight maturity/maturing in one business day.

Asset Allocation of Sundaram Overnight Fund

Under normal circumstances, the Sundaram Overnight Fund will allocate its assets in the following manner:

Asset Class Asset Allocation
Debt and money market instruments including cash and cash equivalents maturing in 1 business day                           0%-100%

Benchmark of Sundaram Overnight Fund

The performance of Sundaram Overnight Fund will be benchmarked against NIFTY 1D Rate Index (TRI). The return details of the index are as follows:

Index 1 Year Return 5 year Return
NIFTY 1D Rate Index 6.26% 6.85%

(Data as on February 28, 2019; Source: NSE)

Fund Managers of Sundaram Overnight Fund

Sundaram Overnight Fund will be jointly managed by Mr. Siddharth Chaudhary and Mr. Sandeep Agarwal.

Key information about Sundaram Overnight Fund NFO

NFO period March 15, 2019 – March 20, 2019
Minimum application amount Rs. 5,000
Exit load Nil
Benchmark NIFTY 1D Rate Index
Fund Manager Siddharth Chaudhary and Sandeep Agarwal
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