Zerodha Overnight Fund Direct-Growth
Debt: Overnight - Growth (Open ended)
SEBI Riskometer: LowCategory: Debt: OvernightBenchmark: NIFTY 1D Rate IndexCheck Portfolio Overlap →
NAV: ₹10.83+0.01%
13 Oct 2026
1 Week returns: 0.10 %
Category rank: 30/41
1 Month returns: 0.41 %
Category rank: 31/40
1 Year CAGR: 5.12 %
Category rank: 31/38
3 Years CAGR: -
Category rank: -
5 Years CAGR: -
Category rank: -
Key Talking Points
Important talking points about the scheme's performance, expense ratio and other factors — grouped by positive, negative, and neutral stance.
Positive
Relatively low expense ratio
Expense ratio of the scheme (0.13%) is lower than average expense ratio of the category (0.15%), excluding index funds and ETFs
This measures the relative expense of the scheme with respect to average expense ratio of the category. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Negative
Not enough talking points with negative stance
Neutral
Not enough performance data
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Scheme Overview
The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo).
Plan Variants
No variants available.
Fund Managers
Key Scheme Details
Inception
8 Apr 2025
Expense Ratio
0.13%
AUM
₹98.78 Cr
Lock in
No lock in
Taxation
Debt
Min. Investment
₹100
Min. Addl Investment
-
Min. SIP Investment
₹100
Exit load
-
AMC Overview
Zerodha Mutual Fund background and AUM insights, category-wise distribution and historical AUM growth.
AMC Details
AMC
Zerodha Mutual Fund
CEO
Vishal Jain(Chief Executive Officer)
IRO
Vaibhav Jalan
Trustee
Zerodha CASE Trustee Private Ltd.
Address
153/154, 4th Cross, J.P Nagar 4th Phase,, Opp. Clarence Public School,, Bengaluru
Frequently Asked Questions
What is the current NAV of Zerodha Overnight Fund Direct-Growth?
The current NAV of Zerodha Overnight Fund Direct-Growth is ₹10.83 as of 12 Oct 2026. The NAV of a mutual fund reflects the per-unit market value of the fund's holdings and is updated at the end of every trading day.
What is the AUM of Zerodha Overnight Fund Direct-Growth?
The AUM (Assets Under Management) of Zerodha Overnight Fund Direct-Growth is ₹98.78 crore. AUM represents the total market value of assets the fund currently manages on behalf of its investors.
What is the expense ratio of Zerodha Overnight Fund Direct-Growth?
The expense ratio of Zerodha Overnight Fund Direct-Growth is 0.13% per annum. This is the annual fee charged by the fund house to manage your investment. A lower expense ratio means more of your returns stay with you — which is one reason direct plans have a lower expense ratio than regular plans.
Who is the fund manager of Zerodha Overnight Fund Direct-Growth?
Zerodha Overnight Fund Direct-Growth is managed by Kedarnath Mirajkar. You can check the full list of fund managers in the "Fund Manager" section above.
What is the benchmark of Zerodha Overnight Fund Direct-Growth?
The benchmark of Zerodha Overnight Fund Direct-Growth is NIFTY 1D Rate Index. This is the index against which the fund's performance is measured. Consistently beating the benchmark over long periods is a key indicator of a fund manager's skill.
When was Zerodha Overnight Fund Direct-Growth launched?
Zerodha Overnight Fund Direct-Growth was launched on 8 Apr 2025. The fund has been in existence for 1 years. A longer track record gives investors more data to evaluate how the fund has performed across different market cycles.
What is the minimum investment in Zerodha Overnight Fund Direct-Growth?
The minimum investment in Zerodha Overnight Fund Direct-Growth is ₹100 for a lump sum and ₹100 per month for a SIP (Systematic Investment Plan). SIPs allow you to invest a fixed amount regularly, making it easier to build wealth over time without needing a large upfront amount.
What is the exit load on Zerodha Overnight Fund Direct-Growth?
The exit load on Zerodha Overnight Fund Direct-Growth is shown in the Scheme Overview section above. Exit load is charged to discourage early withdrawals and protect long-term investors in the fund.
What category does Zerodha Overnight Fund Direct-Growth belong to?
Zerodha Overnight Fund Direct-Growth belongs to the Debt: Overnight category. You can view other funds in this category.