# Overnight funds

Securities that mature the next business day.

Full page: https://discovermf.com/categories/overnight
Figures as of 4 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

39 funds managing ₹1.5 lakh cr. Category averages: +5.2% over one year, +5.9% a year over three years; typical expense ratio 0.18%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Bank of India Overnight Fund](https://discovermf.com/funds/bank-of-india-overnight-fund-147936.md) | +5.5% | +6.1% | +5.9% | 0.2% | 0.15% | ₹74.5 cr |
| [Axis Overnight Fund](https://discovermf.com/funds/axis-overnight-fund-146678.md) | +5.3% | +6.0% | +5.8% | 0.1% | 0.13% | ₹19,367 cr |
| [Bajaj Finserv Overnight Fund](https://discovermf.com/funds/bajaj-finserv-overnight-fund-151851.md) | +5.3% | +6.0% | — | 0.1% | 0.16% | ₹904 cr |
| [Franklin India Overnight Fund](https://discovermf.com/funds/franklin-india-overnight-fund-147213.md) | +5.3% | +6.0% | +5.7% | 0.1% | 0.11% | ₹1,163 cr |
| [Invesco India Overnight Fund](https://discovermf.com/funds/invesco-india-overnight-fund-147878.md) | +5.2% | +6.0% | +5.7% | 0.1% | 0.14% | ₹875 cr |
| [UTI Overnight Fund](https://discovermf.com/funds/uti-overnight-fund-100814.md) | +5.2% | +6.0% | +5.7% | 0.1% | 0.14% | ₹5,252 cr |
| [Nippon India Overnight Fund](https://discovermf.com/funds/nippon-india-overnight-fund-145811.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.17% | ₹8,582 cr |
| [Baroda BNP Paribas Overnight Fund](https://discovermf.com/funds/baroda-bnp-paribas-overnight-fund-147193.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.12% | ₹1,421 cr |
| [ICICI Prudential Overnight Fund](https://discovermf.com/funds/icici-prudential-overnight-fund-145535.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.15% | ₹16,671 cr |
| [Canara Robeco Overnight Fund](https://discovermf.com/funds/canara-robeco-overnight-fund-147534.md) | +5.3% | +5.9% | +5.7% | 0.1% | 0.11% | ₹751 cr |
| [DSP Overnight Fund](https://discovermf.com/funds/dsp-overnight-fund-146061.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.18% | ₹4,345 cr |
| [Mirae Asset Overnight Fund](https://discovermf.com/funds/mirae-asset-overnight-fund-147739.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.18% | ₹1,231 cr |
| [quant Overnight Fund](https://discovermf.com/funds/quant-overnight-fund-151195.md) | +5.0% | +5.9% | — | 0.1% | 0.26% | ₹57.2 cr |
| [Kotak Overnight Fund](https://discovermf.com/funds/kotak-overnight-fund-146142.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.20% | ₹11,062 cr |
| [HSBC Overnight Fund](https://discovermf.com/funds/hsbc-overnight-fund-147290.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.14% | ₹5,259 cr |
| [Tata Overnight Fund](https://discovermf.com/funds/tata-overnight-fund-146977.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.21% | ₹9,998 cr |
| [Edelweiss Overnight Fund](https://discovermf.com/funds/edelweiss-overnight-fund-147569.md) | +5.2% | +5.9% | +5.7% | 0.0% | 0.16% | ₹485 cr |
| [LIC MF Overnight Fund](https://discovermf.com/funds/lic-mf-overnight-fund-147519.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.15% | ₹1,020 cr |
| [PGIM India Overnight Fund](https://discovermf.com/funds/pgim-india-overnight-fund-147600.md) | +5.1% | +5.9% | +5.7% | 0.0% | 0.20% | ₹62 cr |
| [Bandhan Overnight Fund](https://discovermf.com/funds/bandhan-overnight-fund-146187.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.16% | ₹2,128 cr |
| [Union Overnight Fund](https://discovermf.com/funds/union-overnight-fund-146997.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.24% | ₹1,906 cr |
| [SBI Overnight Fund](https://discovermf.com/funds/sbi-overnight-fund-101206.md) | +5.2% | +5.9% | +5.7% | 0.1% | 0.13% | ₹28,966 cr |
| [Mahindra Manulife Overnight Fund](https://discovermf.com/funds/mahindra-manulife-overnight-fund-147565.md) | +5.2% | +5.9% | +5.7% | 0.2% | 0.20% | ₹104 cr |
| [Aditya Birla Sun Life Overnight Fund](https://discovermf.com/funds/aditya-birla-sun-life-overnight-fund-145481.md) | +5.1% | +5.9% | +5.7% | 0.1% | 0.20% | ₹10,735 cr |
| [Sundaram Overnight Fund](https://discovermf.com/funds/sundaram-overnight-fund-146959.md) | +5.1% | +5.9% | +5.7% | 0.1% | 0.17% | ₹1,761 cr |
| [TrustMF Overnight Fund](https://discovermf.com/funds/trustmf-overnight-fund-149795.md) | +5.1% | +5.9% | — | 0.1% | 0.16% | ₹31.3 cr |
| [HDFC Overnight Fund](https://discovermf.com/funds/hdfc-overnight-fund-101996.md) | +5.1% | +5.9% | +5.6% | 0.1% | 0.21% | ₹12,936 cr |
| [NJ Overnight Fund](https://discovermf.com/funds/nj-overnight-fund-150368.md) | +5.1% | +5.8% | — | 0.1% | 0.17% | ₹416 cr |
| [Helios Overnight Fund](https://discovermf.com/funds/helios-overnight-fund-152153.md) | +5.1% | +5.8% | — | 0.2% | 0.25% | ₹304 cr |
| [Groww Overnight Fund](https://discovermf.com/funds/groww-overnight-fund-147454.md) | +5.0% | +5.8% | +5.5% | 0.1% | 0.28% | ₹43.7 cr |
| [JM Overnight Fund](https://discovermf.com/funds/jm-overnight-fund-147836.md) | +5.0% | +5.8% | +5.6% | 0.1% | 0.18% | ₹229 cr |
| [ITI Overnight Fund](https://discovermf.com/funds/iti-overnight-fund-147714.md) | +4.9% | +5.7% | +5.5% | 0.1% | 0.23% | ₹17.8 cr |
| [Samco Overnight Fund](https://discovermf.com/funds/samco-overnight-fund-150632.md) | +4.8% | +5.6% | — | 0.1% | 0.42% | ₹28.1 cr |
| [360 ONE Overnight Fund](https://discovermf.com/funds/360-one-overnight-fund-153700.md) | +5.2% | — | — | 0.1% | 0.21% | ₹409 cr |
| [Choice Overnight Fund](https://discovermf.com/funds/choice-overnight-fund-154415.md) | — | — | — | 0.1% | 0.22% | ₹585 cr |
| [JioBlackRock Overnight Fund](https://discovermf.com/funds/jioblackrock-overnight-fund-154640.md) | — | — | — | 0.1% | 0.20% | ₹1,018 cr |
| [Monarch Overnight Fund](https://discovermf.com/funds/monarch-overnight-fund-154711.md) | — | — | — | 0.1% | 0.30% | ₹101 cr |
| [Shriram Overnight Fund](https://discovermf.com/funds/shriram-overnight-fund-154399.md) | — | — | — | 0.1% | 0.25% | ₹80.9 cr |
| [Lakshya Overnight Fund](https://discovermf.com/funds/lakshya-overnight-fund-154737.md) | — | — | — | 0.1% | 0.28% | ₹27.7 cr |

## Questions

### How many Overnight funds are there?

39 funds, managing ₹1.5 lakh cr between them as of 4 Nov 2026. The largest is SBI Overnight Fund, at ₹28,966 cr.

### What return have Overnight funds given?

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.

### Which Overnight fund has the lowest expense ratio?

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.

### Which Overnight fund has the highest three-year return?

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.

### How risky are Overnight funds?

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.