Debt Overnight Fund Low Risk Fund Managers: Viral Shah, Dhaval Patel
Debt Overnight Fund Low Risk
The investment objective of the scheme is to seek to generate returns commensurate with risk of
investments in overnight instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Expert-managed portfolios tailored to your financial goals.
Estimation is based on the past performance
| Overnight Fund | 1M | 3M | 6M | 9M | 1Y | 2Y | 3Y | 4Y | 5Y | 10Y | ALL |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund returns | 0.43% | 1.21% | 2.52% | 3.87% | 5.3% | 5.86% | 6.12% | 0% | 0% | 0% | 6.09% |
| Category returns | 0.44% | 1.23% | 2.57% | 3.82% | 5.21% | 5.94% | 6.19% | 5.99% | 5.43% | 5.39% | N/A |
| Absolute returns | 0.43% | 1.21% | 2.52% | 3.87% | 5.3% | 12.07% | 19.52% | 0% | 0% | 0% | 24.24% |
| Rank within category | 29 | 31 | 32 | 29 | 28 | 32 | 29 | 29 | 28 | 4 | N/A |
| Total Schemes in Category | 37 | 37 | 37 | 36 | 35 | 34 | 32 | 28 | 27 | 3 | N/A |
| Overnight Fund | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Yearly returns | N/A | 6.55% | 6.53% | 5.64% | 1.25% |
| Q1 returns | N/A | 1.54% | 1.62% | 1.54% | 1.21% |
| Q2 returns | N/A | 1.59% | 1.59% | 1.38% | 0.04% |
| Q3 Returns | N/A | 1.59% | 1.57% | 1.32% | N/A |
| Q4 Returns | 1.45% | 1.68% | 1.59% | 1.3% | N/A |
Expense ratio: 0.15%
Inclusive of GST
Exit load
Nil
| Alpha | -0.0193547 |
| Beta | 0.859 |
| Sharpe Ratio | -0.824096 |
| Sortino Ratio | -0.214328 |
| R-Squared | 0.8685 |
| Tracking Error | 0.0212 |
| Downside Risk | 0 |
| Std. Deviation (Annualised) | 0.1879 |
| Overnight Fund | 1M | 3M | 6M | 9M | 1Y | 3Y | 5Y | 10Y | ALL | Fund Size (Cr) | Expense Ratio | Sharpe | Risk |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Overnight Fund - Regular Plan - Growth | 0.46% | 1.28% | 2.65% | 4.06% | 5.55% | 6.36% | 5.58% | 0% | 5.15% | 81.70 | 0.10 | -0.47 | Low |
| Quant Overnight Fund - Regular Plan - Growth | 0.41% | 1.17% | 2.47% | 3.81% | 5.22% | 6.35% | 0% | 0% | 6.35% | 55.92 | 0.24 | -0.29 | Low |
| Axis Overnight Fund - Regular Plan - Growth | 0.45% | 1.27% | 2.62% | 4.01% | 5.47% | 6.29% | 5.51% | 0% | 5.11% | 10,565.70 | 0.10 | -0.59 | Low |
| UTI Overnight Fund - Regular Plan - Growth | 0.45% | 1.25% | 2.6% | 3.98% | 5.43% | 6.25% | 5.47% | 5.53% | 5.97% | 5,552.32 | 0.12 | -0.65 | Low |
| Invesco India Overnight Fund - Regular Plan - Growth | 0.45% | 1.25% | 2.6% | 3.97% | 5.41% | 6.24% | 5.46% | 0% | 5.01% | 331.70 | 0.12 | -0.66 | Low |
| Nippon India Overnight Fund - Regular Plan - Growth | 0.44% | 1.25% | 2.59% | 3.96% | 5.41% | 6.23% | 5.45% | 0% | 5.1% | 6,730.18 | 0.16 | -0.68 | Low |
| DSP Overnight Fund - Regular Plan - Growth | 0.44% | 1.25% | 2.6% | 3.96% | 5.41% | 6.23% | 5.45% | 0% | 5.12% | 3,139.73 | 0.13 | -0.66 | Low to Moderate |
| Franklin India Overnight Fund - Growth | 0.45% | 1.28% | 2.64% | 4.03% | 5.48% | 6.23% | 5.44% | 0% | 5% | 758.37 | 0.11 | -0.73 | Low |
| Mirae Asset Overnight Fund - Regular Plan - Growth | 0.44% | 1.24% | 2.59% | 3.97% | 5.41% | 6.22% | 5.46% | 0% | 5.03% | 708.12 | 0.17 | -0.68 | Low |
| NJ Overnight Fund - Regular Plan - Growth Current | 0.43% | 1.21% | 2.52% | 3.87% | 5.3% | 6.12% | 0% | 0% | 6.09% | 360.88 | 0.15 | -0.82 | Low |
| Instrument Allocation | Instrument | Assets % |
|---|---|---|
|
|
Cash & Cash Equivalents and Net Assets | 100.00% |
| Sector Allocation | Sector | Assets % |
|---|---|---|
| Others | 100.00% |
| Name | Sector | Instrument | Assets % |
|---|---|---|---|
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 99.75% | |
| Net Receivables / (Payables) | Cash & Cash Equivalents and Net Assets | 0.25% | |
| Total | 100.00% |
RETURNS
It is an Open ended scheme that primarily invests in Overnight Fund.
The investment objective of the scheme is to seek to generate returns commensurate with risk of
investments in overnight instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
The scheme benchmark is the Nifty 1D Rate Index
It is classified as Low Risk, suitable for investors with a Low risk appetite.
Returns Delivered by the funds are as follows:
1-year: 5.3%
3-year: 6.12%
5-year: 0%
Top holdings include names such as:
The NAV is around ₹1,242.41 (approx.) for the NJ Overnight Fund - Regular Plan - Growth.
The fund’s AUM is approximately ₹361 Cr.
The expense ratio for the Regular Plan is 0.15.
Nil.
Minimum SIP starts at ₹500.
The minimum lump sum investment is ₹5000. Often platforms may require higher in practice, but the statutory minimum remains the same.
You can start a SIP through:
Broker/agent platform like Sharescart.
Enter KYC details, choose the Regular Growth option, set SIP amount/frequency, and submit.
Yes. You can modify your SIP amount or frequency anytime online through the Sharescart platform.
You can redeem online via the Sharescart platform — choose the scheme, select the amount/units, and submit. Proceeds are credited to your bank account.
The fund managers: Viral Shah, Dhaval Patel
This fund is suitable for investors with a Low risk tolerance.
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