Overnight Mutual Funds

Find here some best Overnight fund to invest

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What is Overnight Mutual Fund?

Overnight funds are those mutual fund schemes under which the investment is made in those overnight securities that have maturity period of one day. These are basically open-ended debt schemes which are suitable for conservative investors who are willing to earn regular income through investment in debt and money market instruments. Overnight funds in India are best for those investors who are looking for liquidity and cannot leave their money locked in for longer time.

Top Performing Overnight Funds in India for High Returns

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Data in this table : Get historical returns. If 1Y column is 10% that means, fund has given 10% returns in last 1 year.

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Fund Name	AUM (Cr.)	Fund Age	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y
Bank Of India Overnight Fund Regular Plan - Growth	138.92	5 years	0.13%	0.49%	1.6%	3.25%	1.58%	6.7%	6.77%	6.34%	5.09%	-	Invest
Quant Overnight Fund Regular - Growth	117.41	2 years	0.13%	0.45%	1.54%	3.22%	1.45%	6.67%	6.92%	-	-	-	Invest
Sundaram Overnight Fund Direct Plan - Growth	815.29	6 years	0.13%	0.49%	1.58%	3.22%	1.57%	6.63%	6.7%	6.28%	5.01%	-	Invest
DSP Overnight Fund - Regular Plan - Growth	2459.35	6 years	0.12%	0.48%	1.56%	3.18%	1.53%	6.6%	6.64%	6.22%	4.97%	-	Invest
Kotak Overnight Fund -Regular plan-Growth Option	6437.17	6 years	0.12%	0.48%	1.57%	3.18%	1.53%	6.6%	6.62%	6.19%	4.91%	-	Invest
UTI - Overnight Fund - Regular Plan - Growth Option	6405.78	21 years	0.13%	0.48%	1.57%	3.19%	1.53%	6.59%	6.66%	6.23%	4.97%	67.53%	Invest
Bajaj Finserv Overnight Fund Regular - Growth	342.28	1 years	0.13%	0.48%	1.57%	3.2%	1.55%	6.59%	-	-	-	-	Invest
PGIM India Overnight Fund - Regular Plan- Growth Option	91.2	5 years	0.13%	0.48%	1.57%	3.19%	1.54%	6.59%	6.65%	6.21%	4.98%	-	Invest
Nippon India Overnight Fund - Regular Plan - Growth Option	6970.38	6 years	0.13%	0.48%	1.57%	3.19%	1.54%	6.57%	6.64%	6.21%	4.95%	-	Invest
Baroda BNP Paribas Overnight Fund - Regular Plan - Growth	685.46	5 years	0.13%	0.48%	1.57%	3.18%	1.53%	6.56%	6.64%	6.22%	4.97%	-	Invest
ICICI Prudential Overnight Fund - Growth	11186.4	6 years	0.13%	0.48%	1.56%	3.18%	1.53%	6.54%	6.63%	6.2%	4.92%	-	Invest
Tata Overnight Fund-Regular Plan-Growth	4311.01	6 years	0.13%	0.48%	1.56%	3.18%	1.53%	6.54%	6.61%	6.18%	4.92%	-	Invest
HSBC Overnight Fund - Regular Growth	3086.96	5 years	0.12%	0.48%	1.56%	3.17%	1.52%	6.54%	6.61%	6.18%	4.93%	-	Invest
Aditya Birla Sun Life Overnight Fund-Regular Plan-Growth	8032.49	6 years	0.12%	0.48%	1.56%	3.17%	1.52%	6.53%	6.61%	6.18%	4.91%	-	Invest
Bandhan Overnight Fund Regular - Growth	690.43	6 years	0.13%	0.48%	1.56%	3.17%	1.54%	6.53%	6.61%	6.18%	4.91%	-	Invest
SBI Overnight Fund - Regular Plan - Growth	16755.95	22 years	0.12%	0.47%	1.56%	3.17%	1.52%	6.52%	6.59%	6.17%	4.92%	5.57%	Invest
Sundaram Overnight Fund Regular Plan - Growth	848.85	6 years	0.13%	0.48%	1.56%	3.17%	1.55%	6.52%	6.6%	6.18%	4.91%	-	Invest
Edelweiss Overnight Fund - Regular Plan - Growth	315.18	5 years	0.12%	0.48%	1.55%	3.16%	1.54%	6.51%	6.61%	6.18%	4.96%	-	Invest
Canara Robeco Overnight Fund - Regular Plan - Growth Option	166.33	5 years	0.12%	0.47%	1.55%	3.16%	1.51%	6.51%	6.6%	6.2%	4.97%	-	Invest
LIC MF Overnight Fund Regular - Growth	1328.52	5 years	0.13%	0.48%	1.56%	3.16%	1.54%	6.51%	6.57%	6.16%	4.89%	-	Invest
HDFC Overnight Fund - Growth Option	11516.47	23 years	0.12%	0.47%	1.55%	3.14%	1.51%	6.49%	6.57%	6.14%	4.88%	67.11%	Invest
Groww Overnight Fund Regular Plan - Growth	33.51	5 years	0.12%	0.46%	1.55%	3.14%	1.46%	6.49%	6.47%	6.03%	4.79%	-	Invest
ITI Overnight Fund Regular - Growth	18.29	5 years	0.12%	0.45%	1.49%	3.05%	1.48%	6.28%	6.37%	5.98%	4.78%	-	Invest
Jm Overnight Fund - Regular - Growth	104.64	5 years	0.12%	0.46%	-	-	-	-	-	-	-	-	Invest

Fund Name	AUM (Cr.)	Risk	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y

Fund Name	Mar-2025	Mar-2025	Feb-2025	Jan-2025	Dec-2024	Nov-2024	Oct-2024	Sep-2024	Aug-2024	Jul-2024	Jun-2024	May-2024

Fund Name	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2

Fund Name	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013

Fund Name	AUM (Cr.)	Risk	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y

Fund Name	AUM (Cr.)	Initial NAV	Final NAV	NAV Change	Absolute Ret.	Annalized Ret.

Fund Name	AUM (Cr.)	Risk	6M	1Y	2Y	3Y	5Y	10Y	From Launch
Bank Of India Overnight Fund Regular Plan - Growth	138.92	Low	1.87%	6.64%	6.72%	6.67%	5.94%	-	5.85%	Invest
Quant Overnight Fund Regular - Growth	117.41	Low	1.78%	6.49%	6.75%	-	-	-	6.79%	Invest
Sundaram Overnight Fund Direct Plan - Growth	815.29	Low to Moderate	1.83%	6.53%	6.64%	6.59%	5.87%	-	5.57%	Invest
DSP Overnight Fund - Regular Plan - Growth	2459.35	Low	1.81%	6.45%	6.57%	6.53%	5.81%	-	5.49%	Invest
Kotak Overnight Fund -Regular plan-Growth Option	6437.17	Low	1.81%	6.46%	6.55%	6.51%	5.78%	-	5.45%	Invest
UTI - Overnight Fund - Regular Plan - Growth Option	6405.78	Low	1.82%	6.48%	6.59%	6.55%	5.83%	75.85%	39.16%	Invest
Bajaj Finserv Overnight Fund Regular - Growth	342.28	Low	1.82%	6.49%	-	-	-	-	6.58%	Invest
PGIM India Overnight Fund - Regular Plan- Growth Option	91.2	Low	1.82%	6.49%	6.59%	6.53%	5.82%	-	41.46%	Invest
Nippon India Overnight Fund - Regular Plan - Growth Option	6970.38	Low	1.82%	6.47%	6.57%	6.53%	5.81%	-	5.46%	Invest
Baroda BNP Paribas Overnight Fund - Regular Plan - Growth	685.46	Low	1.81%	6.46%	6.56%	6.53%	5.81%	-	5.53%	Invest
ICICI Prudential Overnight Fund - Growth	11186.4	Low	1.81%	6.45%	6.56%	6.52%	5.79%	-	5.43%	Invest
Tata Overnight Fund-Regular Plan-Growth	4311.01	Low	1.81%	6.44%	6.54%	6.5%	5.78%	-	5.47%	Invest
HSBC Overnight Fund - Regular Growth	3086.96	Low	1.8%	6.43%	6.54%	6.5%	5.78%	-	5.51%	Invest
Aditya Birla Sun Life Overnight Fund-Regular Plan-Growth	8032.49	Low	1.81%	6.43%	6.54%	6.49%	5.78%	-	5.42%	Invest
Bandhan Overnight Fund Regular - Growth	690.43	Low	1.8%	6.43%	6.54%	6.5%	5.78%	-	5.44%	Invest
SBI Overnight Fund - Regular Plan - Growth	16755.95	Low	1.8%	6.42%	6.52%	6.48%	5.77%	5.33%	35.25%	Invest
Sundaram Overnight Fund Regular Plan - Growth	848.85	Low	1.81%	6.43%	6.53%	6.49%	5.77%	-	5.47%	Invest
Edelweiss Overnight Fund - Regular Plan - Growth	315.18	Low	1.8%	6.42%	6.53%	6.49%	5.78%	-	5.56%	Invest
Canara Robeco Overnight Fund - Regular Plan - Growth Option	166.33	Low	1.8%	6.41%	6.53%	6.5%	5.8%	-	5.58%	Invest
LIC MF Overnight Fund Regular - Growth	1328.52	Low to Moderate	1.8%	6.41%	6.51%	6.47%	5.75%	-	5.52%	Invest
HDFC Overnight Fund - Growth Option	11516.47	Low	1.79%	6.38%	6.5%	6.46%	5.74%	36.61%	35.34%	Invest
Groww Overnight Fund Regular Plan - Growth	33.51	Low	1.78%	6.36%	6.47%	6.38%	5.66%	-	5.43%	Invest
ITI Overnight Fund Regular - Growth	18.29	Low	1.73%	6.19%	6.3%	6.27%	5.59%	-	5.44%	Invest
Jm Overnight Fund - Regular - Growth	104.64	Low to Moderate	-	-	-	-	-	-	5.52%	Invest

Fund Name	Risk	Standard Deviation	Alpha	Beta	Sharpe Ratio
Bank Of India Overnight Fund Regular Plan - Growth	Low	0.43%	1.53%	0.8%	-	Invest
Quant Overnight Fund Regular - Growth	Low	-	-	-	-	Invest
Sundaram Overnight Fund Direct Plan - Growth	Low to Moderate	0.306%	-	0.041%	-	Invest
DSP Overnight Fund - Regular Plan - Growth	Low	0.272%	-	-	-	Invest
Kotak Overnight Fund -Regular plan-Growth Option	Low	0.272%	-	-	-	Invest
UTI - Overnight Fund - Regular Plan - Growth Option	Low	0.267%	-	0.017%	-	Invest
Bajaj Finserv Overnight Fund Regular - Growth	Low	-	-	-	-	Invest
PGIM India Overnight Fund - Regular Plan- Growth Option	Low	0.302%	-	0.032%	-	Invest
Nippon India Overnight Fund - Regular Plan - Growth Option	Low	0.268%	-	0.025%	-	Invest
Baroda BNP Paribas Overnight Fund - Regular Plan - Growth	Low	0.303%	-	0.013%	-	Invest
ICICI Prudential Overnight Fund - Growth	Low	0.273%	-	0.025%	-	Invest
Tata Overnight Fund-Regular Plan-Growth	Low	0.305%	-	0.014%	-	Invest
HSBC Overnight Fund - Regular Growth	Low	0.309%	-	0.061%	-	Invest
Aditya Birla Sun Life Overnight Fund-Regular Plan-Growth	Low	0.268%	-	0.038%	-	Invest
Bandhan Overnight Fund Regular - Growth	Low	0.304%	-	0.02%	-	Invest
SBI Overnight Fund - Regular Plan - Growth	Low	0.265%	-	0.027%	-	Invest
Sundaram Overnight Fund Regular Plan - Growth	Low	0.303%	-	-	-	Invest
Edelweiss Overnight Fund - Regular Plan - Growth	Low	0.307%	-	0.025%	-	Invest
Canara Robeco Overnight Fund - Regular Plan - Growth Option	Low	0.295%	-	-	-	Invest
LIC MF Overnight Fund Regular - Growth	Low to Moderate	0.42%	1.34%	0.79%	-	Invest
HDFC Overnight Fund - Growth Option	Low	0.269%	-	0.034%	-	Invest
Groww Overnight Fund Regular Plan - Growth	Low	0.31%	-	-	-	Invest
ITI Overnight Fund Regular - Growth	Low	0.29%	-	0.003%	-	Invest
Jm Overnight Fund - Regular - Growth	Low to Moderate	0.306%	-	-	-	Invest

Fund Name	Min SIP	Min Lumpsum	Expense Ratio	Fund Manager	Launch Date
Bank Of India Overnight Fund Regular Plan - Growth	₹1000	₹5000	0.1%	Mithraem Bharucha	28-Jan 2020	Invest
Quant Overnight Fund Regular - Growth	₹1000	₹5000	0.22%	Sanjeev Sharma	06-Dec 2022	Invest
Sundaram Overnight Fund Direct Plan - Growth	₹1000	₹5000	0.07%	Dwijendra Srivastava	20-Mar 2019	Invest
DSP Overnight Fund - Regular Plan - Growth	₹100	₹100	0.15%	Kedar Karnik	09-Jan 2019	Invest
Kotak Overnight Fund -Regular plan-Growth Option	₹1000	₹100	0.16%	Deepak Agrawal	14-Jan 2019	Invest
UTI - Overnight Fund - Regular Plan - Growth Option	₹500	₹500	0.11%	Amit Sharma	13-Dec 2003	Invest
Bajaj Finserv Overnight Fund Regular - Growth	₹1000	₹100	0.13%	Nimesh Chandan	05-Jul 2023	Invest
PGIM India Overnight Fund - Regular Plan- Growth Option	₹1000	₹5000	0.15%	Puneet Pal	27-Aug 2019	Invest
Nippon India Overnight Fund - Regular Plan - Growth Option	₹100	₹100	0.16%	Anju Chhajer	18-Dec 2018	Invest
Baroda BNP Paribas Overnight Fund - Regular Plan - Growth	₹500	₹5000	0.17%	Vikram Pamnani	25-Apr 2019	Invest
ICICI Prudential Overnight Fund - Growth	₹500	₹100	0.16%	Rohan Maru	15-Nov 2018	Invest
Tata Overnight Fund-Regular Plan-Growth	₹500	₹5000	0.18%	Amit Somani	26-Mar 2019	Invest
HSBC Overnight Fund - Regular Growth	₹1000	₹5000	0.16%	Mahesh A Chhabria	22-May 2019	Invest
Aditya Birla Sun Life Overnight Fund-Regular Plan-Growth	₹1000	₹500	0.19%	Kaustubh Gupta	01-Nov 2018	Invest
Bandhan Overnight Fund Regular - Growth	₹100	₹1000	0.15%	Brijesh Shah	18-Jan 2019	Invest
SBI Overnight Fund - Regular Plan - Growth	₹2000	₹5000	0.15%	R Arun	01-Oct 2002	Invest
Sundaram Overnight Fund Regular Plan - Growth	₹100	₹5000	0.18%	Dwijendra Srivastava	20-Mar 2019	Invest
Edelweiss Overnight Fund - Regular Plan - Growth	₹100	₹100	0.16%	Rahul Dedhia	23-Jul 2019	Invest
Canara Robeco Overnight Fund - Regular Plan - Growth Option	₹1000	₹5000	0.11%	Suman Prasad	24-Jul 2019	Invest
LIC MF Overnight Fund Regular - Growth	₹1000	₹5000	0.2%	Rahul Singh	17-Jul 2019	Invest
HDFC Overnight Fund - Growth Option	₹1000	₹100	0.19%	Anil Bamboli	06-Feb 2002	Invest
Groww Overnight Fund Regular Plan - Growth	₹500	₹500	0.24%	Kaustubh Sule	08-Jul 2019	Invest
ITI Overnight Fund Regular - Growth	₹500	₹5000	0.18%	Vikrant Mehta	25-Oct 2019	Invest
Jm Overnight Fund - Regular - Growth	₹100	₹1000	0.15%	Gurvinder Singh Wasan	04-Dec 2019	Invest

Fund Name	Current NAV	Previous NAV	1D NAV Change	52- Week High NAV	52- Week Low NAV
Bank Of India Overnight Fund Regular Plan - Growth	1292.0706 (31-03-2025)	1291.5721 (29-03-2025)	0.04%	1292.07	1211.19	Invest
Quant Overnight Fund Regular - Growth	11.6531 (28-03-2025)	11.651 (27-03-2025)	0.02%	11.6531	10.9331	Invest
Sundaram Overnight Fund Direct Plan - Growth	1356.6216 (31-03-2025)	1355.8353 (28-03-2025)	0.06%	1356.62	1272.48	Invest
DSP Overnight Fund - Regular Plan - Growth	1360.5440 (30-03-2025)	1360.0272 (28-03-2025)	0.04%	1360.54	1277.28	Invest
Kotak Overnight Fund -Regular plan-Growth Option	1354.1021 (30-03-2025)	1353.5822 (28-03-2025)	0.04%	1354.1	1271.23	Invest
UTI - Overnight Fund - Regular Plan - Growth Option	3457.3335 (30-03-2025)	3456.6622 (29-03-2025)	0.02%	3457.33	3244.88	Invest
Bajaj Finserv Overnight Fund Regular - Growth	1118.8436 (31-03-2025)	1118.1964 (28-03-2025)	0.06%	1118.84	1049.91	Invest
PGIM India Overnight Fund - Regular Plan- Growth Option	1311.9891 (30-03-2025)	1311.4668 (28-03-2025)	0.04%	1311.99	1231.3	Invest
Nippon India Overnight Fund - Regular Plan - Growth Option	136.3029 (30-03-2025)	136.2489 (28-03-2025)	0.04%	136.303	127.948	Invest
Baroda BNP Paribas Overnight Fund - Regular Plan - Growth	1335.6649 (30-03-2025)	1335.1499 (28-03-2025)	0.04%	1335.66	1253.89	Invest
ICICI Prudential Overnight Fund - Growth	1368.2086 (30-03-2025)	1367.6828 (28-03-2025)	0.04%	1368.21	1284.68	Invest
Tata Overnight Fund-Regular Plan-Growth	1338.2202 (30-03-2025)	1337.6992 (28-03-2025)	0.04%	1338.22	1256.56	Invest
HSBC Overnight Fund - Regular Growth	1325.681 (30-03-2025)	1325.182 (28-03-2025)	0.04%	1325.68	1244.81	Invest
Aditya Birla Sun Life Overnight Fund-Regular Plan-Growth	1370.6474 (30-03-2025)	1370.126 (28-03-2025)	0.04%	1370.65	1287.12	Invest
Bandhan Overnight Fund Regular - Growth	1352.5980 (31-03-2025)	1352.3397 (30-03-2025)	0.02%	1352.6	1269.9	Invest
SBI Overnight Fund - Regular Plan - Growth	4099.3604 (30-03-2025)	4097.8030 (28-03-2025)	0.04%	4099.36	3849.74	Invest
Sundaram Overnight Fund Regular Plan - Growth	1348.5232 (31-03-2025)	1347.7488 (28-03-2025)	0.06%	1348.52	1266.23	Invest
Edelweiss Overnight Fund - Regular Plan - Growth	1317.3056 (31-03-2025)	1316.5856 (28-03-2025)	0.05%	1317.31	1237.05	Invest
Canara Robeco Overnight Fund - Regular Plan - Growth Option	1317.4567 (30-03-2025)	1316.9888 (28-03-2025)	0.04%	1317.46	1237.39	Invest
LIC MF Overnight Fund Regular - Growth	1313.8104 (31-03-2025)	1313.0479 (28-03-2025)	0.06%	1313.81	1233.78	Invest
HDFC Overnight Fund - Growth Option	3750.5531 (30-03-2025)	3749.1591 (28-03-2025)	0.04%	3750.55	3523.45	Invest
Groww Overnight Fund Regular Plan - Growth	1309.1437 (28-03-2025)	1308.9111 (27-03-2025)	0.02%	1309.14	1230.34	Invest
ITI Overnight Fund Regular - Growth	1287.9238 (31-03-2025)	1287.2531 (28-03-2025)	0.05%	1287.92	1212.03	Invest
Jm Overnight Fund - Regular - Growth	1290.4118 (28-03-2025)	1290.185 (27-03-2025)	0.02%	1290.41	1280.01	Invest

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Aditya Birla Sun Life Overnight Fund-Regular Plan-Growth 3Y Returns 6.18% VS

Canara Robeco Overnight Fund - Regular Plan - Growth Option 3Y Returns 6.2%

Baroda BNP Paribas Overnight Fund - Regular Plan - Growth 3Y Returns 6.22% VS

UTI - Overnight Fund - Regular Plan - Growth Option 3Y Returns 6.23%

Bandhan Overnight Fund Regular - Growth 3Y Returns 6.18% VS

Canara Robeco Overnight Fund - Regular Plan - Growth Option 3Y Returns 6.2%

ICICI Prudential Overnight Fund - Growth 3Y Returns 6.2% VS

Canara Robeco Overnight Fund - Regular Plan - Growth Option 3Y Returns 6.2%

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Frequently Asked Questions

Who should invest in Overnight Mutual Funds?

Overnight funds are suitable for the investors who can digest high risk in search for higher returns. Moreover, these funds are not suitable for the investors who are stepping in the finance market with a short term investment perspective as they might end up delivering negative returns.

What is the minimum investment required for investing in Overnight funds?

The minimum investment depends from one scheme to another. In general, for lumpsum investment the minimum investment can range from Rs. 500 to Rs. 5000. Whereas, in case of SIP, the range may vary between Rs. 500 to Rs. 1000. For authentic information, never forget to check the scheme related documents.

What is the investment philosophy followed by Overnight companies?

The fund manager of Overnight fund targets the best small sized companies having the potential to generate excellent gains in the future. Such companies do not have much resources as the large cap or mid cap companies but have high potential to outperform many big companies.

Why to invest in Overnight funds?

Overnight funds have more tendency of providing exceptional returns than the other categories of funds. Moreover, they can also be a suitable option for providing diversification to your portfolio.

How risky are Overnight funds?

Overnight funds are one of the riskiest mutual funds. But at the same time rewards are also high. Therefore, an investor who is willing to expose his corpus towards risk for fetching higher returns should invest in Overnight funds.

Are Overnight Funds for long term investment?

Yes, Overnight funds are a suitable choice for generating long term capital appreciation. Moreover, in short term these funds can cause double digit losses to the investors. Thus, always maintain a long term investment perspective while investing in Overnight mutual funds.

What is the benchmark of Overnight Fund?

Benchmark is a standard with which a mutual fund competes in terms of growth & performance. Different Overnight funds have different benchmark. Thus, read the mutual fund document carefully to know the benchmark.

What are the taxes applied on Overnight Mutual Funds?

Overnight funds are eligible for two types of taxes- STCG (Short Term Capital Gain) and LTCG (Long Term Capital Gain). STCG is the capital gain generated on the units which are hold for up to 1 year. The STCG tax imposed by the Government of India is 15%. LTCG is the profit generated on the units which are hold for more than one years. The LTCG levied is 10% for the profit above Rs. 1 Lakh.