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Overnight Mutual Funds

Overnight funds are the most recent addition to India’s available mutual fund (MF) categories. These open-ended funds invest in debt securities, Reverse Repos, and Collateralized Borrowing and Lending Obligation (CBLOs) with one-day (overnight) maturity. View More

Although retail investors can invest in overnight funds, these MFs are preferred by big institutional investors and corporate houses. Overnight funds returns are higher than current bank accounts and are less riskier than equity funds since they have minimal default and credit risks. The biggest advantage of overnight funds is that they are 100% liquid and can be bought and sold on the same day.

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List of Overnight Mutual Funds

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Blue rectangular block with BOI and AXA written in white with a star like structure in middleBank of India Overnight Fund - Direct Growth

5.56%

Fund Size (Cr.) - 63

Invest
quant written in black bold font with abstract icons inside each alphabetQuant Overnight Fund - Direct Growth

5.10%

Fund Size (Cr.) - 56

Invest
Burgundy triangular symbolAXIS Overnight Fund - Direct Growth

5.35%

Fund Size (Cr.) - 10,178

Invest
TATA written in blue over MUTUAL FUND written in white with both having contrasting backgroundsTata Overnight Fund - Direct Growth

5.35%

Fund Size (Cr.) - 5,278

Invest
Red triangular shape JM Overnight Fund-Unclaimed IDCW-Dir Growth

4.92%

Fund Size (Cr.) - 99

Invest
Red geometric emblem with white geometric shape in betweenNippon India Overnight Fund - Direct Growth

5.34%

Fund Size (Cr.) - 8,376

Invest
Blue background with a geometric emblem in whiteBajaj Finserv Overnight Fund - Direct Growth

5.37%

Fund Size (Cr.) - 677

Invest
MIRAE ASSET written in blue with orange curved arrow.Mirae Asset Overnight Fund - Direct Growth

5.33%

Fund Size (Cr.) - 1,562

Invest
Blue and red infinity-style symbol with Kotak Mutual fund written in whiteKotak Overnight Fund - Direct Growth

5.33%

Fund Size (Cr.) - 8,818

Invest
Multi-colored banking logo with orange and green as primary colors and two abstract elementsBaroda BNP Paribas Overnight Fund - Direct Growth

5.34%

Fund Size (Cr.) - 557

Invest
View More

Who Should Invest in Overnight Mutual Funds?

Overnight funds are the best investment instrument for high net worth investors and big financial institutions. These funds provide them with higher returns than conventional bank current deposits. Here is a lay down on the types of investors who prefer to invest in overnight mutual funds: View More

Investors with a super-low investment horizon can invest in overnight funds. These funds can be sold on the next day or any day you want.
If you are looking for a better investment option than a current account, overnight funds will suit you well. Corporate establishments and large financial institutions invest their idle or surplus cash in these funds for a few days until they need it for working capital requirements.
Investors looking to reap the benefits of STP or Systematic Transfer Plan can invest in overnight funds. Investors can transfer their money from an overnight fund to equity or pure debt funds using the STP facility.
Although retail investors can also invest in some of the best overnight funds, they prefer liquid funds. Liquid funds are like overnight funds, but they usually provide higher returns than overnight funds. Also, the credit and interest rate risks of liquid and overnight funds are similar.
Any investor willing to understand the fundamentals of the debt market before investing more money.
Any investor willing to get better post-tax returns than bank fixed deposits.
Any investor looking for a 100% liquid investment option with no exit load or fee for withdrawing prematurely.

Popular Overnight Mutual Funds

  • Min SIP Investment Amt
  • -
  • AUM (Cr.)
  • ₹ 63
  • 3Y Returns
  • 6.27%

  • Bank of India Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 27-01-2020 and is currently under the management of our experienced fund manager Mithraem Bharucha. With an impressive AUM of ₹63 Crores, this scheme's latest NAV is ₹1396.426 as of 8/13/2026 12:00:00 AM.


    Bank of India Overnight Fund - Direct Growth scheme has delivered a return performance of 5.56% in the last 1 year, 6.27% in the last 3 years, and an since its launch. With a minimum SIP investment of just -, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • -
  • AUM (Cr.)
  • ₹ 63
  • 3Y Returns
  • 6.27%

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 56
  • 3Y Returns
  • 6.22%

  • Quant Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 05-12-2022 and is currently under the management of our experienced fund manager Sanjeev Sharma. With an impressive AUM of ₹56 Crores, this scheme's latest NAV is ₹12.5372 as of 8/13/2026 12:00:00 AM.


    Quant Overnight Fund - Direct Growth scheme has delivered a return performance of 5.10% in the last 1 year, 6.22% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 1000, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 56
  • 3Y Returns
  • 6.22%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 10,178
  • 3Y Returns
  • 6.16%

  • AXIS Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 07-03-2019 and is currently under the management of our experienced fund manager Sachin Jain. With an impressive AUM of ₹10,178 Crores, this scheme's latest NAV is ₹1453.0294 as of 8/13/2026 12:00:00 AM.


    AXIS Overnight Fund - Direct Growth scheme has delivered a return performance of 5.35% in the last 1 year, 6.16% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 10,178
  • 3Y Returns
  • 6.16%

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 5,278
  • 3Y Returns
  • 6.16%

  • Tata Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 25-03-2019 and is currently under the management of our experienced fund manager Jennifer Karkaria. With an impressive AUM of ₹5,278 Crores, this scheme's latest NAV is ₹1449.1124 as of 8/13/2026 12:00:00 AM.


    Tata Overnight Fund - Direct Growth scheme has delivered a return performance of 5.35% in the last 1 year, 6.16% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 1000, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 5,278
  • 3Y Returns
  • 6.16%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 99
  • 3Y Returns
  • 6.15%

  • JM Overnight Fund-Unclaimed IDCW-Dir Growth is an Overnight Fund scheme that was launched on 24-01-2022 and is currently under the management of our experienced fund manager Killol Pandya. With an impressive AUM of ₹99 Crores, this scheme's latest NAV is ₹1395.5368 as of 8/13/2026 12:00:00 AM.


    JM Overnight Fund-Unclaimed IDCW-Dir Growth scheme has delivered a return performance of 4.92% in the last 1 year, 6.15% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 99
  • 3Y Returns
  • 6.15%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 8,376
  • 3Y Returns
  • 6.15%

  • Nippon India Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 17-12-2018 and is currently under the management of our experienced fund manager Vikas Agrawal. With an impressive AUM of ₹8,376 Crores, this scheme's latest NAV is ₹147.4538 as of 8/13/2026 12:00:00 AM.


    Nippon India Overnight Fund - Direct Growth scheme has delivered a return performance of 5.34% in the last 1 year, 6.15% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 8,376
  • 3Y Returns
  • 6.15%

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 677
  • 3Y Returns
  • 6.15%

  • Bajaj Finserv Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 29-06-2023 and is currently under the management of our experienced fund manager Siddharth Chaudhary. With an impressive AUM of ₹677 Crores, this scheme's latest NAV is ₹1204.3963 as of 8/13/2026 12:00:00 AM.


    Bajaj Finserv Overnight Fund - Direct Growth scheme has delivered a return performance of 5.37% in the last 1 year, 6.15% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 1000, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 677
  • 3Y Returns
  • 6.15%

  • Min SIP Investment Amt
  • ₹ 99
  • AUM (Cr.)
  • ₹ 1,562
  • 3Y Returns
  • 6.14%

  • Mirae Asset Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 15-10-2019 and is currently under the management of our experienced fund manager Krishnpal Yadav. With an impressive AUM of ₹1,562 Crores, this scheme's latest NAV is ₹1407.6587 as of 8/13/2026 12:00:00 AM.


    Mirae Asset Overnight Fund - Direct Growth scheme has delivered a return performance of 5.33% in the last 1 year, 6.14% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 99, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 99
  • AUM (Cr.)
  • ₹ 1,562
  • 3Y Returns
  • 6.14%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 8,818
  • 3Y Returns
  • 6.14%

  • Kotak Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 10-01-2019 and is currently under the management of our experienced fund manager Deepak Agrawal. With an impressive AUM of ₹8,818 Crores, this scheme's latest NAV is ₹1464.4931 as of 8/13/2026 12:00:00 AM.


    Kotak Overnight Fund - Direct Growth scheme has delivered a return performance of 5.33% in the last 1 year, 6.14% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 8,818
  • 3Y Returns
  • 6.14%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 557
  • 3Y Returns
  • 6.14%

  • Baroda BNP Paribas Overnight Fund - Direct Growth is an Overnight Fund scheme that was launched on 23-04-2019 and is currently under the management of our experienced fund manager Vikram Pamnani. With an impressive AUM of ₹557 Crores, this scheme's latest NAV is ₹1441.7944 as of 8/13/2026 12:00:00 AM.


    Baroda BNP Paribas Overnight Fund - Direct Growth scheme has delivered a return performance of 5.34% in the last 1 year, 6.14% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Overnight Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 557
  • 3Y Returns
  • 6.14%
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