Based on 1-year returns, the top performing Overnight funds are Bank of India Overnight Fund - Direct Plan with 5.61% return, Franklin India Overnight Fund - Direct Plan with 5.40% return, and Bajaj Finserv Overnight Fund - Direct Plan with 5.40% return. The category average 1-year return is 5.32%.
Overnight Funds
Overnight debt funds invest in overnight instruments with a maturity of 1 day.
Total Schemes
37
No. of schemes
Total AUM
₹ 1.05Lakh Cr
As on latest
Category Return (5Y)
5.58 %
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 | 0.44 % | 2.56 % | 5.32 % | 6.19 % | 5.58 % | 5.39 % | 2.12 % |
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 5.58% CAGR over the last 5 years.
It ranks #15 out of 18 categories based on 5Y performance.
Below the category average return of 6.35%.
14 categories outperform it, while 3 categories have lower returns.
Top performer: Credit Risk (9.97%).
Lowest performer: Long Duration (5.32%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
SBI Overnight Fund - Direct Plan
Fund Performance: SBI Overnight Fund - Direct Plan has given 6.18% annualized returns in the past three years and 5.56% in the last 5 years. The SBI Overnight Fund - Direct Plan comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Overnight Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 27,043.20Cr
1Y Returns
5.31%
Expense Ratio
0.08%
Axis Overnight Fund - Direct Plan
Fund Performance: Axis Overnight Fund - Direct Plan has given 6.25% annualized returns in the past three years and 5.62% in the last 5 years. The Axis Overnight Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Overnight Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 11,375.90Cr
1Y Returns
5.38%
Expense Ratio
0.07%
ICICI Prudential Overnight Fund - Direct Plan
Fund Performance: ICICI Prudential Overnight Fund - Direct Plan has given 6.20% annualized returns in the past three years and 5.58% in the last 5 years. The ICICI Prudential Overnight Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 100.00
AUM
₹ 11,368.90Cr
1Y Returns
5.36%
Expense Ratio
0.08%
HDFC Overnight Fund - Direct Plan
Fund Performance: HDFC Overnight Fund - Direct Plan has given 6.16% annualized returns in the past three years and 5.54% in the last 5 years. The HDFC Overnight Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Overnight Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 9,431.49Cr
1Y Returns
5.31%
Expense Ratio
0.12%
Kotak Overnight Fund - Direct Plan
Fund Performance: Kotak Overnight Fund - Direct Plan has given 6.23% annualized returns in the past three years and 5.60% in the last 5 years. The Kotak Overnight Fund - Direct Plan comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Overnight Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 7,487.14Cr
1Y Returns
5.37%
Expense Ratio
0.07%
Nippon India Overnight Fund - Direct Plan
Fund Performance: Nippon India Overnight Fund - Direct Plan has given 6.24% annualized returns in the past three years and 5.61% in the last 5 years. The Nippon India Overnight Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 6,199.25Cr
1Y Returns
5.37%
Expense Ratio
0.14%
Aditya Birla Sun Life Overnight Fund - Direct Plan
Fund Performance: Aditya Birla Sun Life Overnight Fund - Direct Plan has given 6.22% annualized returns in the past three years and 5.59% in the last 5 years. The Aditya Birla Sun Life Overnight Fund - Direct Plan 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 Plan via lump sum is ₹ 100.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 100.00
AUM
₹ 6,107.63Cr
1Y Returns
5.34%
Expense Ratio
0.04%
UTI Overnight Fund - Direct Plan
Fund Performance: UTI Overnight Fund - Direct Plan has given 6.22% annualized returns in the past three years and 5.59% in the last 5 years. The UTI Overnight Fund - Direct Plan comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Overnight Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 5,730.50Cr
1Y Returns
5.35%
Expense Ratio
0.10%
Tata Overnight Fund - Direct Plan
Fund Performance: Tata Overnight Fund - Direct Plan has given 6.25% annualized returns in the past three years and 5.61% in the last 5 years. The Tata Overnight Fund - Direct Plan comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Overnight Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 4,376.19Cr
1Y Returns
5.39%
Expense Ratio
0.06%
HSBC Overnight Fund - Direct Plan
Fund Performance: HSBC Overnight Fund - Direct Plan has given 6.22% annualized returns in the past three years and 5.60% in the last 5 years. The HSBC Overnight Fund - Direct Plan comes under the Debt category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Overnight Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 4,223.16Cr
1Y Returns
5.36%
Expense Ratio
0.08%
DSP Overnight Fund - Direct Plan
Fund Performance: DSP Overnight Fund - Direct Plan has given 6.22% annualized returns in the past three years and 5.60% in the last 5 years. The DSP Overnight Fund - Direct Plan comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Overnight Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 2,115.51Cr
1Y Returns
5.36%
Expense Ratio
0.13%
Mirae Asset Overnight Fund - Direct Plan
Fund Performance: Mirae Asset Overnight Fund - Direct Plan has given 6.23% annualized returns in the past three years and 5.62% in the last 5 years. The Mirae Asset Overnight Fund - Direct Plan 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 Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 1,389.27Cr
1Y Returns
5.37%
Expense Ratio
0.08%
Bajaj Finserv Overnight Fund - Direct Plan
Fund Performance: The Bajaj Finserv Overnight Fund - Direct Plan comes under the Debt category of Bajaj Finserv Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bajaj Finserv Overnight Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 100.00
AUM
₹ 1,096.76Cr
1Y Returns
5.40%
Expense Ratio
0.14%
Franklin India Overnight Fund - Direct Plan
Fund Performance: Franklin India Overnight Fund - Direct Plan has given 6.20% annualized returns in the past three years and 5.56% in the last 5 years. The Franklin India Overnight Fund - Direct Plan comes under the Debt category of Franklin Templeton Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Franklin India Overnight Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 949.10Cr
1Y Returns
5.40%
Expense Ratio
0.08%
Baroda BNP Paribas Overnight Fund - Direct Plan
Fund Performance: Baroda BNP Paribas Overnight Fund - Direct Plan has given 6.23% annualized returns in the past three years and 5.60% in the last 5 years. The Baroda BNP Paribas Overnight Fund - Direct Plan comes under the Debt category of Baroda BNP Paribas Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Overnight Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 867.33Cr
1Y Returns
5.37%
Expense Ratio
0.06%
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