Funds similar to Helios Overnight Fund Direct-Growth in the Debt: Overnight category include SBI Overnight Fund Direct-Growth, Axis Overnight Fund Direct-Growth, and ICICI Prudential 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.

On a 3-year return basis Helios Overnight Fund Direct-Growth is ranked 32 out of 34 funds in the Debt: Overnight category as of 4 Nov 2026. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Helios Overnight Fund Direct-Growth has an expense ratio of 0.20%. The peers SBI Overnight Fund Direct-Growth has an expense ratio of 0.09% and Axis 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.

Helios Overnight Fund Direct-Growth has an AUM of ₹297.86 crore. The peers SBI Overnight Fund Direct-Growth has an AUM of ₹25,553 crore and Axis Overnight Fund Direct-Growth has ₹15,218.5 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.

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 6.14% as of 4 Nov 2026. Helios Overnight Fund Direct-Growth has delivered 5.88% CAGR over the same period, ranking 32 out of 34 funds. You can view and compare the full category ranking on sharpely.

On a risk-adjusted basis, Helios Overnight Fund Direct-Growth has a Sharpe ratio of 0.85 compared to the Debt: Overnight average of 1.31 as of 4 Nov 2026. It ranks 32 out of 34 funds in its category on Sharpe ratio.