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Overnight Mutual Funds

Overnight funds are debt funds. They invest in debt securities with overnight maturities. These funds are the most liquid investment securities with the minimum exposure to risk.

  • ⏱ Horizon: Very short
  • 🔢 Total funds: 44
  • 💰 Total AUM: 1,72,840 Cr

Best performing Overnight Mutual Funds

NameAUM (Cr)Exp Ratio (%)1Y Return3Y CAGR5Y CAGR
Bank of India Overnight Fund62.620.095.56%6.28%5.80%
Axis Overnight Fund8,216.270.095.35%6.17%5.71%
Mirae Asset Overnight Fund1,561.900.095.33%6.15%5.70%
Nippon India Overnight Fund8,376.260.105.34%6.16%5.70%
HSBC Overnight Fund4,766.050.075.32%6.14%5.69%
Tata Overnight Fund5,278.060.095.36%6.17%5.69%
Kotak Overnight Fund8,817.590.095.34%6.15%5.68%
DSP Overnight Fund3,600.770.115.33%6.14%5.68%
LIC MF Overnight Fund662.060.095.33%6.14%5.68%
Baroda BNP Paribas Overnight Fund557.320.075.34%6.15%5.68%

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Overview of Overnight Mutual Funds

Bank of India Overnight Fund
  • AUM
    ₹ 62.62 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    5.8%
Performance
The fund's annualised performance has been 5.23% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.08% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 96.02% along with the largest allocation towards Miscellaneous at 95.92%.
Axis Overnight Fund
  • AUM
    ₹ 8,216.27 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    5.71%
Performance
The fund's annualised performance has been 5.17% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 94.07% along with the largest allocation towards Investment Banking & Brokerage at 90.11%.
Mirae Asset Overnight Fund
  • AUM
    ₹ 1,561.90 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    5.7%
Performance
The fund's annualised performance has been 5.13% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 98.4% along with the largest allocation towards Others at 81.61%.
Nippon India Overnight Fund
  • AUM
    ₹ 8,376.26 Cr.
  • Expense Ratio
    0.1%
  • 5Y CAGR
    5.7%
Performance
The fund's annualised performance has been 5.2% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 94.28% along with the largest allocation towards Others at 68.88%.
HSBC Overnight Fund
  • AUM
    ₹ 4,766.05 Cr.
  • Expense Ratio
    0.07%
  • 5Y CAGR
    5.69%
Performance
The fund's annualised performance has been 5.13% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 94.77% along with the largest allocation towards Others at 73.25%.
Tata Overnight Fund
  • AUM
    ₹ 5,278.06 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    5.69%
Performance
The fund's annualised performance has been 5.15% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 95.47% along with the largest allocation towards Miscellaneous at 95.9%.
Kotak Overnight Fund
  • AUM
    ₹ 8,817.59 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    5.68%
Performance
The fund's annualised performance has been 5.16% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 96.77% along with the largest allocation towards Investment Banking & Brokerage at 62.66%.
DSP Overnight Fund
  • AUM
    ₹ 3,600.77 Cr.
  • Expense Ratio
    0.11%
  • 5Y CAGR
    5.68%
Performance
The fund's annualised performance has been 5.2% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 95.15% along with the largest allocation towards Miscellaneous at 72.42%.
LIC MF Overnight Fund
  • AUM
    ₹ 662.06 Cr.
  • Expense Ratio
    0.09%
  • 5Y CAGR
    5.68%
Performance
The fund's annualised performance has been 5.1% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 92.46% along with the largest allocation towards Miscellaneous at 46.39%.
Baroda BNP Paribas Overnight Fund
  • AUM
    ₹ 557.32 Cr.
  • Expense Ratio
    0.07%
  • 5Y CAGR
    5.68%
Performance
The fund's annualised performance has been 5.13% since inception.
Risk
The fund has been categorised as Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.05%.
Composition
Cash & Equivalents makes up for the majority of the fund at 96.42% along with the largest allocation towards Investment Banking & Brokerage at 96.36%.
This compilation has been made as and by way of an update from the publicly available sources of information.This compilation is provided for information purposes only and is not intended to be relied upon by any party as the basis of any decision.

While every effort has been made to take due care in publishing this compilation and to avoid errors or omissions, this compilation is published with a condition and understanding that the Anchorage Technologies Private Limited (ATPL) shall not be responsible for any damages, compensation or loss or action taken or abstained to be taken on the basis of this article/commentary to any person whomsoever.

Investing in Mutual Funds,Stocks/ETFs (Exchange Traded Funds) and securities are subject to market risk. Please read all the related documents carefully before investing. Investors should consider all risk factors and consult their financial advisor before investing. Representations are not indicative of future results.