DebtOvernight FundDirectIDCWLow

Shriram Overnight Fund

Q: What is the NAV of Shriram Overnight Fund?

As of 05 Oct 2026, the NAV of Shriram Overnight Fund is ₹1,000.00 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Shriram Overnight Fund delivered?

Shriram Overnight Fund has returned 0.00% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Shriram Overnight Fund?

Shriram Overnight Fund charges an expense ratio of 0.19% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is Shriram Overnight Fund?

Shriram Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.0% and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Shriram Overnight Fund?

Shriram Overnight Fund is managed by Deepak Ramaraju, Gargi Bhattacharyya Banerjee, Sudip Suresh More and Amit Modani at Shriram.

Q: How is Shriram Overnight Fund taxed?

Shriram Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Shriram Mutual Fund · Best Overnight Mutual Funds

NAV

₹1,000.00

0.00% 1D

as of 05 Oct 2026

This is the Direct plan of Shriram Overnight Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed daily, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns

NAV history

0.00%absolute

52-week rangePrev NAV ₹1,000.00

Latest ₹1,000.00

Low ₹1,000.000th percentile of its 52-week rangeHigh ₹1,000.03

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.19%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

30 May 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

0.00%

Absolute return over the last 3 months (not annualized)

0.00%

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

0.00%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

0.00%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.01%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.00%

Benchmark ratios

Not shown for Overnight Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Overnight Fund)

Period	Fund	Category avg.	Diff
1M abs	0.00%	—	—
3M abs	0.00%	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Overnight Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹40.00K

Current value

₹40.00K

Absolute

0.00%

XIRR

-0.01%

Value vs. invested

ValueInvested

4 monthly installments of ₹10,000 into Shriram Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — Sudip Suresh More stepped away
17 Sep 2026

History points

123

Expense ratio

0.19%

AUM

₹138.56Cr

Exit load

The Scheme offers Regular Plan and Direct Plan. Each Plan offers following Options Options Default Option/ Frequency* Record Date* Daily - Every Day Weekly - Every Monday Fortnightly- Alternate Monday Monthly - 15th of the month indicate the IDCW ly Business Day. The ecord date from e by way of IDCW, net of losses, ption of the Scheme n in the opinion of the whose names appear Scheme on the record

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Overnight Fund

Compare all


Shriram Overnight FundThis fund Shriram · Direct · Daily IDCW	—	—	—	—	—	0.19%	₹138.56Cr
quant Overnight Fund quant · Direct · IDCW	—	+5.04%	+6.10%	—	—	0.19%	₹61.28Cr
LIC MF Overnight Fund LIC · Direct · IDCW	—	+5.26%	+6.06%	+5.75%	—	0.10%	₹1,054Cr
Bandhan Overnight Fund Bandhan · Direct · Periodic IDCW	—	+5.26%	+6.06%	+5.72%	—	—	₹4.42L
UTI - Overnight Fund UTI · Direct · Periodic IDCW	—	+5.25%	+6.05%	+5.32%	—	—	₹1.05Cr
ICICI Prudential Overnight Fund - Direct Plan - Unclaimed IDCW Transitory Scheme ICICI Prudential · Direct · IDCW	—	+5.26%	+6.03%	—	—	—	₹84.50Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents100.00%

Fund size over time

Quarterly average AUM · AMFI

₹138.56Cr

April - June 2026

-24%

since January - March 2026

Down +24% from its peak of ₹182.93Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

AMC Profile

Shriram Mutual Fund is run by Shriram Asset Management, part of the Chennai-based Shriram Group. It is one of the industry's smallest houses by assets, running a handful of equity and hybrid schemes.

Launched

04 Dec 1994

Total AUM

₹1,171Cr+0.9% QoQ

Avg AUM · July - September 2026

Website

shriramamc.in

Fund Managers

DRDeepak RamarajuStart date not disclosed

Role

Senior Fund Manager

Education

Bachelor of Engineering - (BEChemical Engineering)

Experience

Mr. Deepak Ramaraju comes with a diverse experience of over 21 years. He is a chemical engineer by academic background. Prior to joining Shriram Asset Management Company Ltd., Mr. Deepak was advising Sanlam Group of South Africa on their India focused fund and was part of their global equity research team. He has been associated with equity markets for the past 17 years and prior to that Mr. Deepak was a researcher and co-inventor at GE India Technology Centre, Bangalore with 10 patents as co-inventor to his credit.

Funds managed (8)

All schemes Deepak Ramaraju runs →

GBGargi Bhattacharyya BanerjeeStart date not disclosed

Role

Fund Manager

Total experience

22 Years

Education

MBM, B.Sc (Economics)

Experience

Ms. Gargi Bhattacharyya Banerjee has an experience of 9 months over 22 years in her professional career. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012. Prior to joining Shriram Asset Management Company Limited, she has held the key positions (Research Head) with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.

Funds managed (8)

All schemes Gargi Bhattacharyya Banerjee runs →

SMSudip Suresh MoreStart date not disclosed

Experience

Mr. Sudip has around 19 years of experience in managing Fixed Income Investments, Macroeconomic Research and Credit Analysis. Prior to this assignment, Mr. Sudip was Debt Fund Manager at Kshema General Insurance Company. Additionally, he has also worked with Sahara India Life Insurance Company Ltd as a Debt Fund Manager whe reby managing ULIP and Traditional funds on Fixed Income side.

Funds managed (8)

All schemes Sudip Suresh More runs →

AMAmit ModaniStart date not disclosed

Experience

Mr. Amit Modani has over 13 years of experience in fixed income fund management and dealing. Before his current role, he served as Fund Manager - Fixed Income at Mirae Asset Investment Managers (India) Pvt. Ltd. He has also worked with BOI Mutual Fund. Prior to that, he worked as Portfolio Manager – Fixed Income at Quantum Mutual Fund and as Dealer – Fixed Income at PGIM Mutual Fund.

Funds managed (6)

All schemes Amit Modani runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Deepak Ramaraju Gargi Bhattacharyya Banerjee Sudip Suresh More Amit Modani

Shriram in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Overnight funds

Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.

Frequently asked questions

What is the NAV of Shriram Overnight Fund?

As of 05 Oct 2026, the NAV of Shriram Overnight Fund is ₹1,000.00 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Shriram Overnight Fund delivered?

Shriram Overnight Fund has returned 0.00% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Shriram Overnight Fund?

Shriram Overnight Fund charges an expense ratio of 0.19% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is Shriram Overnight Fund?

Shriram Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.0% and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Shriram Overnight Fund?

Shriram Overnight Fund is managed by Deepak Ramaraju, Gargi Bhattacharyya Banerjee, Sudip Suresh More and Amit Modani at Shriram.

How is Shriram Overnight Fund taxed?

Shriram Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.