Overnight Funds Mutual Funds
Debt maturing in a single day.
The lowest risk in the entire industry. Everything matures tomorrow, so interest-rate moves and credit events have almost nothing to act on. The return is correspondingly small.
Who it suits. Very short parking, or money awaiting a decision. Hold for Days to weeks.
Direct plans in this category
- ICICI Prudential Overnight FundICICI Prudential Mutual Fund · NAV ₹1,481.72 5.3% 6.1% 67.5%
- BANK OF INDIA OVERNIGHT FUNDBank of India Mutual Fund · NAV ₹1,398.94 5.5% 6.3% 5.8%
- Axis Overnight FundAxis Mutual Fund · NAV ₹1,455.65 5.3% 6.2% 5.7%
- HSBC Overnight FundHSBC Mutual Fund · NAV ₹1,438.92 5.3% 6.1% 5.7%
- Mirae Asset Overnight FundMirae Asset Mutual Fund · NAV ₹1,410.19 5.3% 6.1% 5.7%
- Nippon India Overnight FundNippon India Mutual Fund · NAV ₹147.72 5.3% 6.1% 5.7%
- Tata Overnight FundTata Mutual Fund · NAV ₹1,451.73 5.3% 6.2% 5.7%
- DSP Overnight FundDSP Mutual Fund · NAV ₹1,472.87 5.3% 6.1% 5.7%
- Kotak Overnight FundKotak Mahindra Mutual Fund · NAV ₹1,467.13 5.3% 6.1% 5.7%
- LIC MF Overnight FundLIC Mutual Fund · NAV ₹1,425.36 5.3% 6.1% 5.7%
- ADITYA BIRLA SUN LIFE OVERNIGHT FUNDAditya Birla Sun Life Mutual Fund · NAV ₹1,487.14 5.3% 6.1% 5.7%
- BANDHAN Overnight FundBandhan Mutual Fund · NAV ₹1,466.46 5.3% 6.1% 5.7%
- Baroda BNP Paribas Overnight FundBaroda BNP Paribas Mutual Fund · NAV ₹1,444.39 5.3% 6.1% 5.7%
- Mahindra Manulife Overnight FundMahindra Manulife Mutual Fund · NAV ₹1,423.06 5.3% 6.1% 5.7%
- UTI - Overnight FundUTI Mutual Fund · NAV ₹3,763.86 5.3% 6.1% 5.7%
- Union Overnight FundUnion Mutual Fund · NAV ₹1,447.45 5.3% 6.1% 5.7%
- Invesco India Overnight FundInvesco Mutual Fund · NAV ₹1,389.33 5.3% 6.1% 5.7%
- Sundaram Overnight FundSundaram Mutual Fund · NAV ₹1,460.31 5.3% 6.1% 5.7%
- Franklin India Overnight FundFranklin Templeton Mutual Fund · NAV ₹1,434.61 5.4% 6.1% 5.7%
- PGIM India Overnight FundPGIM India Mutual Fund · NAV ₹1,417.02 5.2% 6.1% 5.7%
- SBI OVERNIGHT FUNDSBI Mutual Fund · NAV ₹4,470.52 5.3% 6.1% 5.7%
- Edelweiss Overnight FundEdelweiss Mutual Fund · NAV ₹1,422.38 5.3% 6.1% 5.6%
- HDFC Overnight FundHDFC Mutual Fund · NAV ₹4,075.75 5.3% 6.1% 5.6%
- Canara Robeco Overnight FundCanara Robeco Mutual Fund · NAV ₹1,419.38 5.3% 6.0% 5.6%
- JM Overnight FundJM Financial Mutual Fund · NAV ₹1,392.63 5.1% 6.0% 5.6%
- Groww Overnight FundGroww Mutual Fund · NAV ₹1,416.14 5.2% 6.1% 5.6%
- ITI Overnight FundITI Mutual Fund · NAV ₹1,390.26 5.0% 5.9% 5.5%
- 360 ONE Overnight Fund360 ONE Mutual Fund · NAV ₹1,061.07 — — —
- Bajaj Finserv Overnight FundBajaj Finserv Mutual Fund · NAV ₹1,206.57 5.4% 6.1% —
- Choice Overnight FundChoice Mutual Fund · NAV ₹100.75 — — —
- Helios Overnight FundHelios Mutual Fund · NAV ₹1,178.84 — — —
- JioBlackRock Overnight FundJio BlackRock Mutual Fund · NAV ₹1,061.76 — — —
- NJ Overnight FundNJ Mutual Fund · NAV ₹1,272.35 5.2% 6.1% —
- Samco Overnight FundSamco Mutual Fund · NAV ₹1,254.61 5.0% 5.9% —
- Shriram Overnight FundShriram Mutual Fund · NAV ₹1,269.78 — — —
- TRUSTMF Overnight FundTrust Mutual Fund · NAV ₹1,299.77 5.2% 6.1% —
- Zerodha Overnight FundZerodha Mutual Fund · NAV ₹10.76 — — —
- quant Overnight Fundquant Mutual Fund · NAV ₹12.56 5.1% 6.2% —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
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Questions people ask
What is a Overnight Funds fund?
Debt maturing in a single day. The lowest risk in the entire industry. Everything matures tomorrow, so interest-rate moves and credit events have almost nothing to act on. The return is correspondingly small.
Who should invest in Overnight Funds funds?
Very short parking, or money awaiting a decision. A sensible holding period is Days to weeks.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.