SBI Overnight Fund Overview

Mutual Fund

SBI Overnight Fund is an open-ended debt scheme by SBI Mutual Fund. SBI Overnight Fund is managed by Mr. R. Arun. The AUM of this fund is Rs.2491.52cr as on 28th February 2019. You can invest in both SBI Overnight Fund growth and SBI Overnight Fund dividend plan.

SBI Overnight Fund is best for those investors who are looking for short-term investment and alternative of bank accounts or deposits. SBI Overnight Fund will provide the investors an opportunity to invest in overnight securities and it can be mature on the next business day. You can start the SBI Overnight Fund SIP with a minimum amount of Rs.500 which is very easy and pocket-friendly. The exit load is also Zero for this fund.

 SBI Overnight Fund Facts

  • SBI Overnight Fund has the benchmark of CRISIL Overnight Index.
  • The risk is also low compared to other mutual funds.
  • SBI Mutual Fund provides a really good customer care service.
  • The minimum SWP withdrawal for SBI Overnight Fund is rs.500.
  • The minimum lump sum investment is also only Rs.5000
  • The fund was launched on 24th September 2002 so SBI Overnight Fund is a very old player in the debt market.
  • SBI Overnight Fund’s portfolio changes daily so there is not so much risk.

Top 4 holdings of SBI Overnight Fund (28/03/2019)

S.No.

Name of Holding

Net Assets (%)

1

6.28% Reverse Repo

77.79

2

6.30% Reverse Repo

22.1

3

TREPS

0.15

4

Net Receivable / Payable

-0.03


SBI Overnight Fund 

  • AUM Size- Rs.2,882cr.(28th Feb 2019)
  • Fund Manager- Mr. R. Arun
  • Expense Ratio- 0.18% (28th February 2019)
  • Launch Date- 1st October 2002
  • Benchmark- CRISIL Overnight Index
  • Risk- Low
  • Return Since Launch- 7.02%

Performance


1-Year

3-Year

5-Year

10-Year

Fund

6.24

6.18

6.88

7.26

CCIL T Bill Liquidity Weight

4.33

4.30

4.74

4.57

Category

6.00

5.99

6.67

6.96

Rank within Category

1

1

1

1

Number of funds in category

3

3

3

3

As on Mar 29, 2019

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