Groww Overnight Fund Direct-Growth
Debt: Overnight - Growth (Open ended)
SEBI Riskometer: LowCategory: Debt: OvernightBenchmark: CRISIL Liquid Overnight IndexCheck Portfolio Overlap →
NAV: ₹1,427.35+0.02%
23 Oct 2026
Similar Funds
Side-by-side comparison of Groww Overnight Fund Direct-Growth with similar funds — trailing returns, risk metrics, AUM and expense ratio.
| Period | This Fund | Category Avg | Category Rank |
|---|---|---|---|
| 1Y Return | +5.15% | 5.22% | 29 / 38 |
| 3Y Return | +5.94% | 5.98% | 30 / 33 |
| 5Y Return | +5.62% | 5.73% | 26 / 27 |
| 10Y Return | — | 5.38% | — |
Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.
Funds in Debt: Overnight
Top funds by AUM in the Debt: Overnight category — see how Groww Overnight Fund Direct-Growth compares on size and returns.
Funds Tracking CRISIL Liquid Overnight Index
Top funds tracking the CRISIL Liquid Overnight Index — sorted by AUM to show the largest options available.
Frequently Asked Questions
Which funds are similar to Groww Overnight Fund Direct-Growth?
Funds similar to Groww Overnight Fund Direct-Growth in the Debt: Overnight category include SBI Overnight Fund Direct-Growth, ICICI Prudential Overnight Fund Direct-Growth, and Aditya Birla Sun Life Overnight Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of Groww Overnight Fund Direct-Growth in its category?
On a 3-year return basis Groww Overnight Fund Direct-Growth is ranked 30 out of 33 funds in the Debt: Overnight category as of 22 Oct 2026. On a 5-year return basis it ranks 26 out of 27. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does Groww Overnight Fund Direct-Growth's expense ratio compare to similar funds?
Groww Overnight Fund Direct-Growth has an expense ratio of 0.16%. The peers SBI Overnight Fund Direct-Growth has an expense ratio of 0.09% and ICICI Prudential Overnight Fund Direct-Growth has 0.09%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does Groww Overnight Fund Direct-Growth's AUM compare to similar funds?
Groww Overnight Fund Direct-Growth has an AUM of ₹62.93 crore. The peers SBI Overnight Fund Direct-Growth has an AUM of ₹25,553 crore and ICICI Prudential Overnight Fund Direct-Growth has ₹12,280.4 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Debt: Overnight?
The top performing fund in the Debt: Overnight category on a 3-year basis is Bank of India Overnight Fund Direct-Growth with a CAGR of 6.16% as of 22 Oct 2026. Groww Overnight Fund Direct-Growth has delivered 5.94% CAGR over the same period, ranking 30 out of 33 funds. You can view and compare the full category ranking on sharpely.
How does Groww Overnight Fund Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, Groww Overnight Fund Direct-Growth has a Sharpe ratio of 0.91 compared to the Debt: Overnight average of 1.17 as of 22 Oct 2026. It ranks 30 out of 33 funds in its category on Sharpe ratio.