The table below shows the Best Overnight Fund based on AUM, NAV, and minimum SIP.
| Name | AUM | Minimum Lump Sum | NAV |
| SBI Overnight Fund | 14,332.17 | 5,000.00 | 3,912.34 |
| Axis Overnight Fund | 10,498.82 | 500 | 1,272.00 |
| Kotak Overnight Fund | 7,189.01 | 100 | 1,282.71 |
| ICICI Pru Overnight Fund | 7,030.25 | 100 | 1,296.03 |
| HDFC Overnight Fund | 6,753.59 | 100 | 3,568.38 |
| Nippon India Overnight Fund | 5,745.24 | 100 | 129.13 |
| Aditya Birla SL Overnight Fund | 5,357.21 | 500 | 1,300.60 |
| UTI Overnight Fund | 2,978.15 | 20,000.00 | 3,291.47 |
| Tata Overnight Fund | 2,884.26 | 5,000.00 | 1,268.62 |
| HSBC Overnight Fund | 1,863.15 | 5,000.00 | 1,258.31 |
Content :
- Top Overnight Funds
- Best Overnight Fund
- Overnight Mutual Funds
- Best Overnight Mutual Funds
- Best Overnight Fund – FAQs
- Introduction to Best Overnight Fund
Top Overnight Funds
The table below shows the Top Overnight Funds based on the lowest to highest expense ratio.
| Name | Expense Ratio |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme | – |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Stable Scheme | – |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption Stable Scheme | – |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme | – |
| Mirae Asset Overnight Fund | 0.04 |
| Aditya Birla SL Overnight Fund | 0.04 |
| Axis Overnight Fund | 0.05 |
| Bandhan Overnight Fund | 0.05 |
| UTI Overnight Fund | 0.05 |
| NJ Overnight Fund | 0.05 |
Best Overnight Fund
The table below shows the Best Overnight Fund In India based on the Highest 3Y CAGR.
| Name | CAGR 3Y |
| ICICI Pru Overnight Fund | 126.73 |
| Bank of India Overnight Fund | 5.34 |
| Mirae Asset Overnight Fund | 5.29 |
| HSBC Overnight Fund | 5.28 |
| Axis Overnight Fund | 5.28 |
| Nippon India Overnight Fund | 5.27 |
| Mahindra Manulife Overnight Fund | 5.27 |
| DSP Overnight Fund | 5.26 |
| LIC MF Overnight Fund | 5.26 |
| Aditya Birla SL Overnight Fund | 5.26 |
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.
| Name | Exit Load | AMC |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Transitory Scheme | 0 | ICICI Prudential Asset Management Company Limited |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed IDCW Stable Scheme | 0 | ICICI Prudential Asset Management Company Limited |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption Stable Scheme | 0 | ICICI Prudential Asset Management Company Limited |
| ICICI Pru Overnight fund-Direct Plan-Unclaimed Redemption IDCW Transitory Scheme | 0 | ICICI Prudential Asset Management Company Limited |
| Bank of India Overnight Fund | 0 | Bank of India Investment Managers Private Limited |
| Invesco India Overnight Fund | 0 | Invesco Asset Management Company Pvt Ltd. |
| JM Overnight Fund | 0 | JM Financial Asset Management Private Limited |
| Mirae Asset Overnight Fund | 0 | Mirae Asset Investment Managers (India) Private Limited |
| ITI Overnight Fund | 0 | ITI Asset Management Limited |
| PGIM India Overnight Fund | 0 | PGIM India Asset Management Private Limited |
Best Overnight Mutual Funds
The table below shows the Best Overnight Mutual Funds based on Absolute Return 1 Year and AMC.
| Name | Absolute Returns – 1Y | AMC |
| Quant Overnight Fund | 7.35 | Quant Money Managers Limited |
| Bank of India Overnight Fund | 6.88 | Bank of India Investment Managers Private Limited |
| Axis Overnight Fund | 6.83 | Axis Asset Management Company Ltd. |
| Mirae Asset Overnight Fund | 6.83 | Mirae Asset Investment Managers (India) Private Limited |
| DSP Overnight Fund | 6.82 | DSP Investment Managers Private Limited |
| Nippon India Overnight Fund | 6.82 | Nippon Life India Asset Management Limited |
| Invesco India Overnight Fund | 6.82 | Invesco Asset Management Company Pvt Ltd. |
| Tata Overnight Fund | 6.82 | Tata Asset Management Private Limited |
| HSBC Overnight Fund | 6.82 | HSBC Global Asset Management (India) Private Limited |
| Aditya Birla SL Overnight Fund | 6.81 | Aditya Birla Sun Life AMC Limited |
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
Invesco India Overnight Fund
Invesco India Overnight Fund Direct – Growth, managed by Invesco Mutual Fund, offers a secure and liquid investment option aimed at minimal risk exposure. This overnight mutual fund scheme allows for quick and easy redemptions without an exit load, catering to investors seeking stability and immediate access to their funds.
JM Overnight Fund
JM Overnight Fund Direct – Growth, managed by JM Financial Mutual Fund, is an overnight mutual fund scheme. Since its inception, it provides investors a low-risk option with liquidity, allowing them to redeem their investments easily without any exit load. The fund focuses on security and minimal interest rate risk.
ITI Overnight Fund
ITI Overnight Fund Direct – Growth, managed by ITI Mutual Fund, is an overnight mutual fund scheme that has been operating for 4 years and 6 months. With ₹200 crores in assets, this fund offers an expense ratio of 0.08%, providing investors with a straightforward and accessible investment option with no exit load.
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.
