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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: 46
  • 💰 Total AUM: 1,69,182 Cr

Best performing Overnight Mutual Funds

NameAUM (Cr)Base Exp. Ratio (%)1Y Return3Y CAGR5Y CAGR
Bank of India Overnight Fund108.550.085.48%6.17%5.87%
Axis Overnight Fund10,854.780.065.28%6.07%5.78%
Nippon India Overnight Fund6,791.490.075.26%6.06%5.77%
Mirae Asset Overnight Fund1,727.280.075.25%6.05%5.76%
Tata Overnight Fund5,555.640.055.29%6.07%5.76%
HSBC Overnight Fund4,804.900.055.25%6.04%5.76%
Kotak Overnight Fund7,934.820.065.26%6.05%5.75%
DSP Overnight Fund3,194.120.065.26%6.04%5.75%
Baroda BNP Paribas Overnight Fund656.890.055.27%6.05%5.75%
LIC MF Overnight Fund1,218.110.065.25%6.04%5.75%

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Overview of Overnight Mutual Funds

Bank of India Overnight Fund
  • AUM
    ₹ 108.55 Cr.
  • Base Exp. Ratio
    0.08%
  • 5Y CAGR
    5.87%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 96.04% along with the largest allocation towards Miscellaneous at 95.38%.
Axis Overnight Fund
  • AUM
    ₹ 10,854.78 Cr.
  • Base Exp. Ratio
    0.06%
  • 5Y CAGR
    5.78%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 94.94% along with the largest allocation towards Investment Banking & Brokerage at 85.25%.
Nippon India Overnight Fund
  • AUM
    ₹ 6,791.49 Cr.
  • Base Exp. Ratio
    0.07%
  • 5Y CAGR
    5.77%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 92.94% along with the largest allocation towards Others at 73.75%.
Mirae Asset Overnight Fund
  • AUM
    ₹ 1,727.28 Cr.
  • Base Exp. Ratio
    0.07%
  • 5Y CAGR
    5.76%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 95.09% along with the largest allocation towards Others at 59.77%.
Tata Overnight Fund
  • AUM
    ₹ 5,555.64 Cr.
  • Base Exp. Ratio
    0.05%
  • 5Y CAGR
    5.76%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 97.03% along with the largest allocation towards Miscellaneous at 97.05%.
HSBC Overnight Fund
  • AUM
    ₹ 4,804.90 Cr.
  • Base Exp. Ratio
    0.05%
  • 5Y CAGR
    5.76%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 93.57% along with the largest allocation towards Others at 49.69%.
Kotak Overnight Fund
  • AUM
    ₹ 7,934.82 Cr.
  • Base Exp. Ratio
    0.06%
  • 5Y CAGR
    5.75%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 97.36% along with the largest allocation towards Investment Banking & Brokerage at 86.44%.
DSP Overnight Fund
  • AUM
    ₹ 3,194.12 Cr.
  • Base Exp. Ratio
    0.06%
  • 5Y CAGR
    5.75%
Performance
The fund's annualised performance has been 5.2% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.01% vs its category average of 0.06%.
Composition
Certificate of Deposit makes up for the majority of the fund at 54.79% along with the largest allocation towards Public Banks at 51.66%.
Baroda BNP Paribas Overnight Fund
  • AUM
    ₹ 656.89 Cr.
  • Base Exp. Ratio
    0.05%
  • 5Y CAGR
    5.75%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 96.96% along with the largest allocation towards Investment Banking & Brokerage at 96.87%.
LIC MF Overnight Fund
  • AUM
    ₹ 1,218.11 Cr.
  • Base Exp. Ratio
    0.06%
  • 5Y CAGR
    5.75%
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 0.06%.
Composition
Cash & Equivalents makes up for the majority of the fund at 95.9% along with the largest allocation towards Others at 55.04%.
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.