Best Overnight Fund

Best Overnight Fund

The table below shows the Best Overnight Fund based on AUM, NAV, and minimum SIP. 

NameAUMMinimum Lump SumNAV
SBI Overnight Fund14772.375000.003783.41
Kotak Overnight Fund9806.46100.001239.89
ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme9447.23100.001105.46
ICICI Pru Overnight Fund9447.23100.001252.90
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme9447.23100.001105.45
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Stable Scheme9447.23100.001000.00
ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption Stable Scheme9447.23100.001000.00
HDFC Overnight Fund8166.34100.003451.27
Aditya Birla SL Overnight Fund7670.72500.001257.39
Axis Overnight Fund7147.70500.001229.83

Content :

Top Overnight Funds

The table below shows the Top Overnight Funds based on the lowest to highest expense ratio. 

NameExpense Ratio
ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme0.00
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme0.00
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Stable Scheme0.00
ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption Stable Scheme0.00
Axis Overnight Fund0.05
UTI Overnight Fund0.05
NJ Overnight Fund0.05
Shriram Overnight Fund0.05
Navi Overnight Fund0.05
DSP Overnight Fund0.06

Best Overnight Fund

The table below shows the Best Overnight Fund In India based on the Highest 3Y CAGR. 

NameCAGR 3Y
ICICI Pru Overnight Fund125.32
Bank of India Overnight Fund4.69
Mirae Asset Overnight Fund4.64
HSBC Overnight Fund4.64
Axis Overnight Fund4.63
Mahindra Manulife Overnight Fund4.62
Nippon India Overnight Fund4.62
PGIM India Overnight Fund4.62
DSP Overnight Fund4.61
LIC MF Overnight Fund4.61

Overnight Mutual Funds

The table below shows Overnight Mutual Funds based on exit load i.e., the fee that the AMC charges investors when exiting or redeeming their fund units.

NameExit LoadAMC
Kotak Overnight Fund0.00Kotak Mahindra Asset Management Company Limited
ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme0.00ICICI Prudential Asset Management Company Limited
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme0.00ICICI Prudential Asset Management Company Limited
ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Stable Scheme0.00ICICI Prudential Asset Management Company Limited
ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption Stable Scheme0.00ICICI Prudential Asset Management Company Limited
ICICI Pru Overnight Fund0.00ICICI Prudential Asset Management Company Limited
HDFC Overnight Fund0.00HDFC Asset Management Company Limited
Aditya Birla SL Overnight Fund0.00Aditya Birla Sun Life AMC Limited
Axis Overnight Fund0.00Axis Asset Management Company Ltd.
Nippon India Overnight Fund0.00Nippon Life India Asset Management Limited

Best Overnight Mutual Funds

The table below shows the Best Overnight Mutual Funds based on Absolute Return 1 Year and AMC. 

NameAbsolute Returns – 1YAMC
Bank of India Overnight Fund6.63Bank of India Investment Managers Private Limited
DSP Overnight Fund6.58DSP Investment Managers Private Limited
HSBC Overnight Fund6.58HSBC Global Asset Management (India) Private Limited
Axis Overnight Fund6.58Axis Asset Management Company Ltd.
Mirae Asset Overnight Fund6.57Mirae Asset Investment Managers (India) Private Limited
Nippon India Overnight Fund6.56Nippon Life India Asset Management Limited
TRUSTMF Overnight Fund6.56Trust Asset Management Private Limited
Kotak Overnight Fund6.55Kotak Mahindra Asset Management Company Limited
Baroda BNP Paribas Overnight Fund6.55Baroda BNP Paribas Asset Management India Pvt. Ltd.
Aditya Birla SL Overnight Fund6.55Aditya Birla Sun Life AMC Limited

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Best Overnight Fund – FAQs  

1. What are the Best Overnight Mutual Funds?

Best Overnight Mutual Funds #1: SBI Overnight Fund

Best Overnight Mutual Funds #2: Kotak Overnight Fund

Best Overnight Mutual Funds #3: ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme

Best Overnight Mutual Funds #4: ICICI Pru Overnight Fund

Best Overnight Mutual Funds #5: ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme

These funds are listed based on the Highest AUM.

2. Is it good to invest in overnight funds?

Overnight funds are comparatively safer within the realm of debt funds, offering minimal credit risk and no interest rate risk. Securities maturing in a day rarely default on interest payments, ensuring enhanced safety.

3. Are overnight funds profitable?

Overnight funds prioritize safety and liquidity over high returns. They are ideal for investors seeking low-risk and easy access to their funds due to their focus on stability and liquidity.

4. What are the returns in overnight mutual funds?

Overnight funds have, on average, provided an annual return of 6.52% over the past year.

5. Who should invest in overnight fund?

An overnight fund is ideal for investors seeking short-term investments. These funds remain unaffected by interest rate changes and security defaults, making them a secure choice in the realm of debt mutual funds.

6. Are overnight funds better than FD?

Overnight funds are deemed safer compared to liquid funds and other debt funds. They generate returns from the interest earned on their overnight investments, making them a secure investment option.

Introduction to Best Overnight Fund

Best Overnight Fund – AUM, NAV

SBI Overnight Fund

SBI Overnight Fund Direct-Growth, managed by SBI Mutual Fund, is an overnight mutual fund scheme with a tenure of 10 years and 9 months. The fund currently manages assets worth ₹14,772 Crores. 

Kotak Overnight Fund

Kotak Overnight Fund Direct – Growth, offered by Kotak Mahindra Mutual Fund, is an overnight mutual fund scheme with a history of 4 years and 9 months. The fund currently manages assets worth ₹9,806 Crores.

ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme

ICICI Prudential Overnight Fund – Direct Plan – Unclaimed IDCW Stable Scheme, a debt fund managed by Rohan Maru, was initiated on December 1, 2021. With ₹9447 Crores in assets under management (AUM) as of December 1969, it surpasses the category average. This fund provides a secure option for your investments.

Top Overnight Funds – Expense Ratio

ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme

ICICI Prudential Asset Management Company Ltd., a prominent AMC in India, is a joint venture between ICICI Bank and Prudential Plc, a major player in the UK’s financial services sector. The AMC operates with an expense ratio of 0, indicating low management costs.

ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Stable Scheme

ICICI Prudential Overnight Fund – Direct Plan – Unclaimed IDCW Stable Scheme, a debt fund managed by Rohan Maru, started on December 1, 2021. With an expense ratio of 0, it offers a safe investment option. 

ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption Stable Scheme

ICICI Prudential Asset Management Company Ltd. is a leading AMC in the country, established through a joint venture between ICICI Bank and Prudential Plc, a major player in the UK’s financial services sector. The AMC operates with an expense ratio of 0, reflecting low management costs.

Best Overnight Fund- CAGR 3Y

ICICI Pru Overnight Fund

ICICI Prudential Overnight Fund Direct – Growth, offered by ICICI Prudential Mutual Fund, is an overnight mutual fund scheme with a tenure of 4 years and 11 months. The fund has achieved a remarkable Compound Annual Growth Rate (CAGR) of 125.32% over the past 3 years.

Bank of India Overnight Fund

Bank of India Overnight Fund Direct – Growth, managed by Bank of India Mutual Fund, is an overnight mutual fund scheme with a tenure of 3 years and 8 months. The fund has achieved a Compound Annual Growth Rate (CAGR) of 4.69% over the past 3 years.

Mirae Asset Overnight Fund

Mirae Asset Overnight Fund Direct – Growth, offered by Mirae Asset Mutual Fund, is an overnight mutual fund scheme with a 4-year tenure. The fund has achieved a Compound Annual Growth Rate (CAGR) of 4.64% over the past 3 years.

Overnight Mutual Funds – Exit Load 

HDFC Overnight Fund

HDFC Overnight Fund Direct Plan-Growth, managed by HDFC Mutual Fund, is an overnight mutual fund scheme with a tenure of 10 years and 9 months. Investors in this fund can redeem their investments without incurring any exit load, providing flexibility and ease of withdrawal.

Aditya Birla SL Overnight Fund

Aditya Birla Sun Life Overnight Fund Direct – Growth, offered by Aditya Birla Sun Life Mutual Fund, is an overnight mutual fund scheme with a tenure of 4 years and 11 months. Investors can redeem their investments from this fund without any exit load, providing flexibility and convenience.

Nippon India Overnight Fund

Nippon India Overnight Fund Direct – Growth, managed by Nippon India Mutual Fund, is an overnight mutual fund scheme with a history of 4 years and 10 months. Investors can redeem their investments from this fund without incurring any exit load, offering flexibility and ease of withdrawal.

Best Overnight Mutual Funds  – Absolute Returns – 1Y

DSP Overnight Fund

DSP Overnight Fund Direct – Growth, offered by DSP Mutual Fund, is an overnight mutual fund scheme with a tenure of 4 years and 9 months. It has delivered absolute returns of 6.58% over the past year.

HSBC Overnight Fund

HSBC Overnight Fund Direct – Growth, managed by HSBC Mutual Fund, is an overnight mutual fund scheme with a history of 4 years and 5 months. It has delivered absolute returns of 6.58% over the past year.

Axis Overnight Fund

Axis Overnight Fund Direct – Growth, offered by Axis Mutual Fund, is an overnight mutual fund scheme with a tenure of 4 years and 7 months. It has delivered absolute returns of 6.58% over the past year.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change over time.