Based on 1-year returns, the top performing Overnight funds are Bank of India Overnight Fund Direct-Growth with 5.58% return, 360 ONE Overnight Fund Direct-Growth with 5.40% return, and Franklin India Overnight Fund Direct-Growth with 5.39% return. The category average 1-year return is 5.30%.
Overnight Funds
Overnight debt funds invest in overnight instruments with a maturity of 1 day.
Total Schemes
38
No. of schemes
Total AUM
₹ 1.02Lakh Cr
As on latest
Category Return (5Y)
5.63 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Overnight | 0.42 % | 2.53 % | 5.30 % | 6.14 % | 5.63 % | 5.37 % | 2.78 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Overnight Funds
What is it?
Overnight debt funds invest in overnight instruments with a maturity of 1 day.
Objective
The primary objective of these funds is to provide a low-risk parking option for the surplus funds of the investors. They also help in providing high liquidity as these funds have a maturity period of 1 day.
Suitability and opinion
These funds are a good option for investors with a very short-term investment horizon (a few days). We believe that these funds can be a suitable option for investors who are looking for a safe and liquid investment option for their short-term cash needs. However, it is important to note that Debt Overnight funds may offer lower returns than other debt mutual fund categories and may not be suitable for long-term investment goals.
Overnight vs Other Categories
5Y CAGR Return Comparison
Key Insights
Overnight delivered 5.63% CAGR over the last 5 years.
It ranks #18 out of 18 categories based on 5Y performance.
Below the category average return of 6.61%.
17 categories outperform it, while 0 categories have lower returns.
Top performer: Credit Risk (10.10%).
Lowest performer: Overnight (5.63%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
SBI Overnight Fund Direct-Growth
Fund Performance: SBI Overnight Fund Direct-Growth has given 6.12% annualized returns in the past three years and 5.61% in the last 5 years. The SBI Overnight Fund Direct-Growth comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Overnight Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 26,838.60Cr
1Y Returns
5.30%
Expense Ratio
0.09%
ICICI Prudential Overnight Fund Direct-Growth
Fund Performance: ICICI Prudential Overnight Fund Direct-Growth has given 6.15% annualized returns in the past three years and 5.63% in the last 5 years. The ICICI Prudential Overnight Fund Direct-Growth comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Overnight Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 100.00
AUM
₹ 10,066.30Cr
1Y Returns
5.34%
Expense Ratio
0.09%
HDFC Overnight Fund Direct-Growth
Fund Performance: HDFC Overnight Fund Direct-Growth has given 6.11% annualized returns in the past three years and 5.60% in the last 5 years. The HDFC Overnight Fund Direct-Growth comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Overnight Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 9,990.85Cr
1Y Returns
5.30%
Expense Ratio
0.11%
Aditya Birla Sun Life Overnight Fund Direct-Growth
Fund Performance: Aditya Birla Sun Life Overnight Fund Direct-Growth has given 6.16% annualized returns in the past three years and 5.65% in the last 5 years. The Aditya Birla Sun Life Overnight Fund Direct-Growth comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Overnight Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 100.00
AUM
₹ 8,573.95Cr
1Y Returns
5.33%
Expense Ratio
0.09%
Axis Overnight Fund Direct-Growth
Fund Performance: Axis Overnight Fund Direct-Growth has given 6.19% annualized returns in the past three years and 5.68% in the last 5 years. The Axis Overnight Fund Direct-Growth comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Overnight Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 8,216.27Cr
1Y Returns
5.37%
Expense Ratio
0.09%
Nippon India Overnight Fund Direct-Growth
Fund Performance: Nippon India Overnight Fund Direct-Growth has given 6.18% annualized returns in the past three years and 5.66% in the last 5 years. The Nippon India Overnight Fund Direct-Growth comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Overnight Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 6,784.83Cr
1Y Returns
5.35%
Expense Ratio
0.10%
Kotak Overnight Fund Direct-Growth
Fund Performance: Kotak Overnight Fund Direct-Growth has given 6.17% annualized returns in the past three years and 5.65% in the last 5 years. The Kotak Overnight Fund Direct-Growth comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Overnight Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 6,260.12Cr
1Y Returns
5.35%
Expense Ratio
0.09%
UTI Overnight Fund Direct-Growth
Fund Performance: UTI Overnight Fund Direct-Growth has given 6.16% annualized returns in the past three years and 5.64% in the last 5 years. The UTI Overnight Fund Direct-Growth comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Overnight Fund Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 4,264.27Cr
1Y Returns
5.34%
Expense Ratio
0.09%
Tata Overnight Fund Direct-Growth
Fund Performance: Tata Overnight Fund Direct-Growth has given 6.19% annualized returns in the past three years and 5.66% in the last 5 years. The Tata Overnight Fund Direct-Growth comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Overnight Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,892.76Cr
1Y Returns
5.37%
Expense Ratio
0.09%
HSBC Overnight Fund Direct-Growth
Fund Performance: HSBC Overnight Fund Direct-Growth has given 6.17% annualized returns in the past three years and 5.65% in the last 5 years. The HSBC Overnight Fund Direct-Growth comes under the Debt category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Overnight Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,644.37Cr
1Y Returns
5.34%
Expense Ratio
0.07%
DSP Overnight Fund Direct-Growth
Fund Performance: DSP Overnight Fund Direct-Growth has given 6.16% annualized returns in the past three years and 5.65% in the last 5 years. The DSP Overnight Fund Direct-Growth comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Overnight Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 3,222.18Cr
1Y Returns
5.35%
Expense Ratio
0.11%
Bandhan Overnight Fund Direct-Growth
Fund Performance: Bandhan Overnight Fund Direct-Growth has given 6.16% annualized returns in the past three years and 5.64% in the last 5 years. The Bandhan Overnight Fund Direct-Growth comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Overnight Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 1,260.16Cr
1Y Returns
5.34%
Expense Ratio
0.07%
Mirae Asset Overnight Fund Direct-Growth
Fund Performance: Mirae Asset Overnight Fund Direct-Growth has given 6.18% annualized returns in the past three years and 5.67% in the last 5 years. The Mirae Asset Overnight Fund Direct-Growth comes under the Debt category of Mirae Asset Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Overnight Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 1,129.64Cr
1Y Returns
5.35%
Expense Ratio
0.09%
LIC MF Overnight Fund Direct-Growth
Fund Performance: LIC MF Overnight Fund Direct-Growth has given 6.16% annualized returns in the past three years and 5.65% in the last 5 years. The LIC MF Overnight Fund Direct-Growth comes under the Debt category of LIC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in LIC MF Overnight Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 940.13Cr
1Y Returns
5.34%
Expense Ratio
0.09%
Sundaram Overnight Fund Direct-Growth
Fund Performance: Sundaram Overnight Fund Direct-Growth has given 6.14% annualized returns in the past three years and 5.62% in the last 5 years. The Sundaram Overnight Fund Direct-Growth comes under the Debt category of Sundaram Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Sundaram Overnight Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 853.63Cr
1Y Returns
5.30%
Expense Ratio
0.08%
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