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Overnight funds are debt funds that lend to corporates for 1 business day. The corporates eligible for borrowing through this route are regulated and are mostly banks, insurance companies, mutual funds, provident funds, and NBFCs
.....Fund Size
₹674 Crs
Return (p.a)
+ 4.78 % + 26.3 % N.A. N.A. + 3.32 % + 3.32 % + 5.31 % + 16.8 % + 1.61 % + 1.61 % N.A. N.A. + 6.78 % + 6.78 % + 0.52 % + 0.52 %
+ 6.73%+ 0.52% + 6.76%+ 1.07% + 6.78%+ 1.91% + 6.81%+ 3.63% + 6.1%+ 9.69% + 5.26%+ 14.23%
ETM Rank
#1 of 14#2 of 14
Fund Size
₹8,611 Crs
Return (p.a)
+ 4.79 % + 26.35 % N.A. N.A. + 3.34 % + 3.34 % + 5.34 % + 16.9 % + 1.61 % + 1.61 % N.A. N.A. + 6.8 % + 6.8 % + 0.52 % + 0.52 %
+ 6.74%+ 0.52% + 6.79%+ 1.07% + 6.82%+ 1.92% + 6.84%+ 3.65% + 6.13%+ 9.74% + 5.28%+ 14.29%
ETM Rank
#2 of 14#3 of 14
Fund Size
₹6,229 Crs
Return (p.a)
+ 4.77 % + 26.25 % + 6.0 % + 79.02 % + 3.33 % + 3.33 % + 5.31 % + 16.8 % + 1.61 % + 1.61 % N.A. N.A. + 6.78 % + 6.78 % + 0.52 % + 0.52 %
+ 6.74%+ 0.52% + 6.78%+ 1.07% + 6.81%+ 1.92% + 6.82%+ 3.64% + 6.1%+ 9.69% + 5.26%+ 14.21%
ETM Rank
#3 of 14Fund Size
₹6,890 Crs
Return (p.a)
+ 4.77 % + 26.26 % N.A. N.A. + 3.33 % + 3.33 % + 5.32 % + 16.83 % + 1.61 % + 1.61 % N.A. N.A. + 6.78 % + 6.78 % + 0.52 % + 0.52 %
+ 6.72%+ 0.52% + 6.78%+ 1.07% + 6.81%+ 1.92% + 6.82%+ 3.64% + 6.11%+ 9.7% + 5.27%+ 14.23%
ETM Rank
#4 of 14#5 of 14
Fund Size
₹6,457 Crs
Return (p.a)
+ 4.79 % + 26.36 % N.A. N.A. + 3.34 % + 3.34 % + 5.33 % + 16.86 % + 1.61 % + 1.61 % N.A. N.A. + 6.79 % + 6.79 % + 0.52 % + 0.52 %
+ 6.74%+ 0.52% + 6.79%+ 1.07% + 6.82%+ 1.92% + 6.83%+ 3.64% + 6.12%+ 9.72% + 5.28%+ 14.26%
ETM Rank
#5 of 14#6 of 14
Fund Size
₹1,362 Crs
Return (p.a)
+ 4.76 % + 26.17 % N.A. N.A. + 3.33 % + 3.33 % + 5.31 % + 16.79 % + 1.61 % + 1.61 % N.A. N.A. + 6.78 % + 6.78 % + 0.52 % + 0.52 %
+ 6.73%+ 0.52% + 6.77%+ 1.07% + 6.81%+ 1.92% + 6.82%+ 3.64% + 6.1%+ 9.69% + 5.25%+ 14.2%
ETM Rank
#6 of 14#7 of 14
Fund Size
₹158 Crs
Return (p.a)
+ 4.74 % + 26.04 % N.A. N.A. + 3.35 % + 3.35 % + 5.31 % + 16.8 % + 1.63 % + 1.63 % N.A. N.A. + 6.78 % + 6.78 % + 0.53 % + 0.53 %
+ 6.86%+ 0.53% + 6.85%+ 1.08% + 6.86%+ 1.93% + 6.84%+ 3.65% + 6.11%+ 9.7% + 5.25%+ 14.19%
ETM Rank
#7 of 14#8 of 14
Fund Size
₹15,477 Crs
Return (p.a)
+ 4.74 % + 26.06 % + 5.84 % + 76.48 % + 3.31 % + 3.31 % + 5.28 % + 16.7 % + 1.6 % + 1.6 % N.A. N.A. + 6.73 % + 6.73 % + 0.52 % + 0.52 %
+ 6.71%+ 0.52% + 6.74%+ 1.07% + 6.76%+ 1.9% + 6.77%+ 3.61% + 6.07%+ 9.63% + 5.23%+ 14.12%
ETM Rank
#8 of 14#9 of 14
Fund Size
₹3,182 Crs
Return (p.a)
+ 4.77 % + 26.26 % N.A. N.A. + 3.34 % + 3.34 % + 5.31 % + 16.8 % + 1.61 % + 1.61 % N.A. N.A. + 6.79 % + 6.79 % + 0.52 % + 0.52 %
+ 6.74%+ 0.52% + 6.78%+ 1.07% + 6.81%+ 1.92% + 6.83%+ 3.64% + 6.11%+ 9.7% + 5.26%+ 14.23%
ETM Rank
#9 of 14#10 of 14
Fund Size
₹2,044 Crs
Return (p.a)
+ 4.81 % + 26.49 % N.A. N.A. + 3.33 % + 3.33 % + 5.33 % + 16.84 % + 1.61 % + 1.61 % N.A. N.A. + 6.79 % + 6.79 % + 0.52 % + 0.52 %
+ 6.72%+ 0.52% + 6.76%+ 1.06% + 6.8%+ 1.91% + 6.82%+ 3.63% + 6.12%+ 9.71% + 5.28%+ 14.28%
ETM Rank
#10 of 14#11 of 14
Fund Size
₹772 Crs
Return (p.a)
+ 4.77 % + 26.23 % N.A. N.A. + 3.33 % + 3.33 % + 5.29 % + 16.73 % + 1.61 % + 1.61 % N.A. N.A. + 6.77 % + 6.77 % + 0.52 % + 0.52 %
+ 6.72%+ 0.52% + 6.75%+ 1.07% + 6.79%+ 1.91% + 6.81%+ 3.63% + 6.09%+ 9.67% + 5.24%+ 14.17%
ETM Rank
#11 of 14#12 of 14
Fund Size
₹4,719 Crs
Return (p.a)
+ 4.76 % + 26.17 % N.A. N.A. + 3.33 % + 3.33 % + 5.32 % + 16.81 % + 1.61 % + 1.61 % N.A. N.A. + 6.78 % + 6.78 % + 0.52 % + 0.52 %
+ 6.73%+ 0.52% + 6.77%+ 1.06% + 6.8%+ 1.91% + 6.82%+ 3.63% + 6.11%+ 9.7% + 5.26%+ 14.21%
ETM Rank
#12 of 14#13 of 14
Fund Size
₹9,629 Crs
Return (p.a)
+ 4.73 % + 25.97 % + 5.7 % + 74.06 % + 3.31 % + 3.31 % + 5.27 % + 16.66 % + 1.6 % + 1.6 % N.A. N.A. + 6.73 % + 6.73 % + 0.51 % + 0.51 %
+ 6.66%+ 0.51% + 6.72%+ 1.06% + 6.75%+ 1.9% + 6.77%+ 3.61% + 6.06%+ 9.62% + 5.22%+ 14.09%
ETM Rank
#13 of 14#14 of 14
Fund Size
₹9,870 Crs
Return (p.a)
+ 4.75 % + 26.12 % N.A. N.A. + 3.32 % + 3.32 % + 5.3 % + 16.75 % + 1.61 % + 1.61 % N.A. N.A. + 6.76 % + 6.76 % + 0.52 % + 0.52 %
+ 6.72%+ 0.52% + 6.75%+ 1.07% + 6.78%+ 1.91% + 6.79%+ 3.62% + 6.09%+ 9.67% + 5.24%+ 14.17%
ETM Rank
#14 of 14Unranked
Fund Size
₹51 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.37 % + 3.37 % + 5.4 % + 17.1 % + 1.63 % + 1.63 % N.A. N.A. + 6.85 % + 6.85 % + 0.52 % + 0.52 %
+ 6.79%+ 0.52% + 6.84%+ 1.08% + 6.88%+ 1.94% + 6.89%+ 3.67% + 6.19%+ 9.83% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹142 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.28 % + 3.28 % + 5.27 % + 16.64 % + 1.58 % + 1.58 % N.A. N.A. + 6.69 % + 6.69 % + 0.51 % + 0.51 %
+ 6.61%+ 0.51% + 6.64%+ 1.05% + 6.69%+ 1.88% + 6.72%+ 3.58% + 6.04%+ 9.59% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹417 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.32 % + 3.32 % + 5.26 % + 16.62 % + 1.59 % + 1.59 % N.A. N.A. + 6.75 % + 6.75 % + 0.51 % + 0.51 %
+ 6.65%+ 0.51% + 6.69%+ 1.06% + 6.74%+ 1.9% + 6.78%+ 3.62% + 6.06%+ 9.61% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹296 Crs
Return (p.a)
+ 4.69 % + 25.75 % N.A. N.A. + 3.3 % + 3.3 % + 5.26 % + 16.61 % + 1.59 % + 1.59 % N.A. N.A. + 6.72 % + 6.72 % + 0.51 % + 0.51 %
+ 6.67%+ 0.51% + 6.7%+ 1.06% + 6.74%+ 1.9% + 6.76%+ 3.6% + 6.04%+ 9.59% + 5.19%+ 14.02%
ETM Rank
UnrankedUnranked
Fund Size
₹2,882 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.34 % + 3.34 % + 5.34 % + 16.9 % + 1.61 % + 1.61 % N.A. N.A. + 6.79 % + 6.79 % + 0.52 % + 0.52 %
+ 6.73%+ 0.52% + 6.79%+ 1.07% + 6.82%+ 1.92% + 6.83%+ 3.64% + 6.12%+ 9.72% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹161 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.34 % + 3.34 % + 5.3 % + 16.77 % + 1.61 % + 1.61 % N.A. N.A. + 6.79 % + 6.79 % + 0.52 % + 0.52 %
+ 6.7%+ 0.52% + 6.76%+ 1.07% + 6.81%+ 1.92% + 6.83%+ 3.64% + 6.1%+ 9.68% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹286 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.3 % + 3.3 % + 5.29 % + 16.73 % + 1.59 % + 1.59 % N.A. N.A. + 6.73 % + 6.73 % + 0.51 % + 0.51 %
+ 6.67%+ 0.51% + 6.7%+ 1.06% + 6.74%+ 1.9% + 6.76%+ 3.61% + 6.07%+ 9.64% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹395 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.33 % + 3.33 % + 5.32 % + 16.83 % + 1.61 % + 1.61 % N.A. N.A. + 6.77 % + 6.77 % + 0.52 % + 0.52 %
+ 6.72%+ 0.52% + 6.75%+ 1.07% + 6.79%+ 1.91% + 6.81%+ 3.63% + 6.1%+ 9.69% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹148 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.33 % + 3.33 % + 5.33 % + 16.86 % + 1.61 % + 1.61 % N.A. N.A. + 6.77 % + 6.77 % + 0.52 % + 0.52 %
+ 6.72%+ 0.52% + 6.77%+ 1.07% + 6.8%+ 1.92% + 6.81%+ 3.63% + 6.11%+ 9.7% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹865 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.35 % + 3.35 % + 5.35 % + 16.92 % + 1.62 % + 1.62 % N.A. N.A. + 6.8 % + 6.8 % + 0.52 % + 0.52 %
+ 6.77%+ 0.52% + 6.81%+ 1.08% + 6.83%+ 1.92% + 6.84%+ 3.65% + 6.14%+ 9.74% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹82 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.31 % + 3.31 % + 5.31 % + 16.79 % + 1.59 % + 1.59 % N.A. N.A. + 6.74 % + 6.74 % + 0.51 % + 0.51 %
+ 6.65%+ 0.51% + 6.68%+ 1.06% + 6.74%+ 1.9% + 6.77%+ 3.61% + 6.08%+ 9.66% N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹226 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.55 % + 3.55 % N.A. N.A. + 1.68 % + 1.68 % N.A. N.A. + 7.31 % + 7.31 % + 0.54 % + 0.54 %
+ 7.0%+ 0.54% + 7.06%+ 1.11% + 7.17%+ 2.01% + 7.32%+ 3.9% N.A.N.A. N.A.N.A.
ETM Rank
UnrankedUnranked
Fund Size
₹247 Crs
Return (p.a)
N.A. N.A. N.A. N.A. + 3.3 % + 3.3 % N.A. N.A. + 1.59 % + 1.59 % N.A. N.A. + 6.74 % + 6.74 % + 0.52 % + 0.52 %
+ 6.7%+ 0.52% + 6.7%+ 1.06% + 6.73%+ 1.89% + 6.76%+ 3.6% N.A.N.A. N.A.N.A.
ETM Rank
UnrankedShow all funds
See what your investment would have yielded in
To understand how Overnight Funds work, you need to know where they invest and how they generate returns.
Investors earn dividend income and capital gains from overnight funds. Dividend income is not taxed in the hands of investors. Capital gain is the difference between the purchase price and the selling price of the units. The rate of tax on capital gains depends on the time for which the investor holds the units of the overnight fund.
It is quite easy to invest in Overnight mutual funds on ET Money. Here are the steps that you have to follow.
Which are the best Overnight Mutual Funds to invest in 2024?
These are top 5 Overnight funds you can invest in 2024
Fund Name | Fund Category | ETM Rank | Consistency | 5 Year Return (Annualized) |
---|---|---|---|---|
SBI Overnight Fund | Debt | # 8 of 14 | 4.74 % p.a. | |
Nippon India Overnight Fund | Debt | # 5 of 14 | 4.79 % p.a. | |
Axis Overnight Fund | Debt | # 2 of 14 | 4.79 % p.a. | |
Tata Overnight Fund | Debt | # 9 of 14 | 4.77 % p.a. | |
Edelweiss Overnight Fund | Debt | Unranked | NA |
How long should I stay invested in Overnight Mutual Funds?
Overnight Debt Mutual Funds are ideal for parking your liquid cash for a few days.
Where do Overnight Mutual Funds invest?
Overnight Funds lend for one business day. The companies that can access this mode of borrowing are regulated and are mostly banks, insurance companies, mutual funds, provident funds, and NBFCs.
Are Overnight Mutual Funds high risk?
Overnight Debt Mutual Funds are the safest Mutual Fund. There are zero risks of borrowers defaulting as they need to give collateral as security when borrowing money.
What kind of returns can i earn from Overnight ?
Overnight Funds have on an average delivered 6.79% p.a. returns in the last 1 year. Their 3 and 5 year annualized returns are 5.31% and 4.76%. p.a.
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