Parking money for a day or two. Securities that mature the next business day.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Bank of India Overnight Fund (+6.1% a year), Axis Overnight Fund (+6.0% a year) and Bajaj Finserv Overnight Fund (+6.0% a year). Past returns do not tell you future returns.
Bank of India Overnight Fund Bank of India | +5.5% | +6.1% | +5.9% | 1/33 | 0.15% | ₹77 cr |
| +5.3% | +6.0% | +5.8% | 2/33 | 0.13% | ₹15,218 cr | |
Bajaj Finserv Overnight Fund Bajaj Finserv | +5.3% | +6.0% | — | 3/33 | 0.16% | ₹1,052 cr |
Franklin India Overnight Fund Franklin Templeton | +5.3% | +6.0% | +5.7% | 4/33 | 0.11% | ₹1,959 cr |
Invesco India Overnight Fund Invesco | +5.2% | +6.0% | +5.7% | 5/33 | 0.14% | ₹912 cr |
| +5.2% | +6.0% | +5.7% | 6/33 | 0.14% | ₹6,622 cr | |
Baroda BNP Paribas Overnight Fund Baroda BNP Paribas | +5.2% | +6.0% | +5.7% | 7/33 | 0.12% | ₹1,482 cr |
Nippon India Overnight Fund Nippon India | +5.2% | +5.9% | +5.7% | 8/33 | 0.17% | ₹8,590 cr |
Canara Robeco Overnight Fund Canara Robeco | +5.2% | +5.9% | +5.7% | 9/33 | 0.11% | ₹750 cr |
ICICI Prudential Overnight Fund ICICI Prudential | +5.2% | +5.9% | +5.7% | 10/33 | 0.15% | ₹15,979 cr |
| +5.2% | +5.9% | +5.7% | 11/33 | 0.18% | ₹4,016 cr | |
Mirae Asset Overnight Fund Mirae Asset | +5.2% | +5.9% | +5.7% | 12/33 | 0.18% | ₹1,468 cr |
quant Overnight Fund quant | +4.9% | +5.9% | — | 13/33 | 0.26% | ₹56 cr |
Kotak Overnight Fund Kotak Mahindra | +5.2% | +5.9% | +5.7% | 14/33 | 0.20% | ₹9,597 cr |
| +5.2% | +5.9% | +5.7% | 15/33 | 0.14% | ₹5,733 cr | |
| +5.2% | +5.9% | +5.7% | 16/33 | 0.21% | ₹10,988 cr | |
Union Overnight Fund Union | +5.2% | +5.9% | +5.7% | 17/33 | 0.24% | ₹1,858 cr |
Edelweiss Overnight Fund Edelweiss | +5.2% | +5.9% | +5.7% | 18/33 | 0.16% | ₹336 cr |
PGIM India Overnight Fund PGIM India | +5.1% | +5.9% | +5.7% | 19/33 | 0.20% | ₹117 cr |
| +5.2% | +5.9% | +5.7% | 20/33 | 0.15% | ₹1,158 cr | |
Bandhan Overnight Fund Bandhan | +5.2% | +5.9% | +5.7% | 21/33 | 0.16% | ₹1,589 cr |
Mahindra Manulife Overnight Fund Mahindra Manulife | +5.1% | +5.9% | +5.7% | 22/33 | 0.20% | ₹132 cr |
| +5.2% | +5.9% | +5.7% | 23/33 | 0.13% | ₹31,751 cr | |
Aditya Birla Sun Life Overnight Fund Aditya Birla Sun Life | +5.1% | +5.9% | +5.7% | 24/33 | 0.20% | ₹12,076 cr |
Sundaram Overnight Fund Sundaram | +5.1% | +5.9% | +5.7% | 25/33 | 0.17% | ₹1,465 cr |
| +5.1% | +5.9% | — | 26/33 | 0.16% | ₹31 cr | |
| +5.1% | +5.9% | +5.6% | 27/33 | 0.21% | ₹12,936 cr | |
| +5.1% | +5.8% | — | 28/33 | 0.17% | ₹444 cr | |
Helios Overnight Fund Helios | +5.1% | +5.8% | — | 29/33 | 0.25% | ₹302 cr |
Groww Overnight Fund Groww | +5.0% | +5.8% | +5.5% | 30/33 | 0.28% | ₹43 cr |
JM Overnight Fund JM Financial | +5.0% | +5.8% | +5.6% | 31/33 | 0.18% | ₹249 cr |
| +4.9% | +5.7% | +5.5% | 32/33 | 0.23% | ₹18 cr | |
Samco Overnight Fund Samco | +4.8% | +5.6% | — | 33/33 | 0.42% | ₹31 cr |
360 ONE Overnight Fund 360 ONE | +5.2% | — | — | — | 0.21% | ₹340 cr |
Choice Overnight Fund Choice | — | — | — | — | 0.22% | ₹590 cr |
JioBlackRock Overnight Fund Jio BlackRock | — | — | — | — | 0.20% | ₹1,018 cr |
Monarch Overnight Fund Monarch | — | — | — | — | 0.30% | ₹100 cr |
Shriram Overnight Fund Shriram | — | — | — | — | 0.25% | ₹95 cr |
Lakshya Overnight Fund Lakshya | — | — | — | — | 0.28% | ₹28 cr |
Answered from the figures above, updated every business day
39 funds, managing ₹1.51 lakh cr between them as of 3 Nov 2026. The largest is SBI Overnight Fund, at ₹31,751 cr.
The average Overnight fund returned +5.2% over the last year, +5.9% a year over three years, +5.7% a year over five years. Over the last year the funds ranged from +4.8% to +5.5%. Past returns do not tell you future returns.
Franklin India Overnight Fund, at 0.11% a year, against 0.18% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Bank of India Overnight Fund, at +6.1% a year over the last three years, against +5.9% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 0.1%: the higher it is, the more the price swings from day to day. 38 of 39 carry the riskometer level Low, on SEBI's six-step scale from Low to Very High.
Looking at a different kind of fund? See every category.
NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.