Funds similar to JM Overnight Fund Direct-Growth in the Debt: Overnight category include SBI Overnight Fund Direct-Growth, ICICI Prudential Overnight Fund Direct-Growth, and HDFC 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 JM Overnight Fund Direct-Growth in its category?

On a 3-year return basis JM Overnight Fund Direct-Growth is ranked 31 out of 33 funds in the Debt: Overnight category as of 18 Jul 2026. On a 5-year return basis it ranks 25 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 JM Overnight Fund Direct-Growth's expense ratio compare to similar funds?

JM Overnight Fund Direct-Growth has an expense ratio of 0.12%. 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 JM Overnight Fund Direct-Growth's AUM compare to similar funds?

JM Overnight Fund Direct-Growth has an AUM of ₹81.41 crore. The peers SBI Overnight Fund Direct-Growth has an AUM of ₹26,838.6 crore and ICICI Prudential Overnight Fund Direct-Growth has ₹10,066.3 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 6.30% as of 18 Jul 2026. JM Overnight Fund Direct-Growth has delivered 6.06% CAGR over the same period, ranking 31 out of 33 funds. You can view and compare the full category ranking on sharpely.

How does JM Overnight Fund Direct-Growth rank in risk-adjusted returns vs peers?

On a risk-adjusted basis, JM Overnight Fund Direct-Growth has a Sharpe ratio of 0.58 compared to the Debt: Overnight average of 0.97 as of 18 Jul 2026. It ranks 30 out of 32 funds in its category on Sharpe ratio.