HDFC Overnight Fund-Growth
(Scheme Rating)
NAV as of Jun 12, 2026
3,991.050.01%
(Earn upto 0.10% Extra Returns with Direct Plan)
Fund Category:
Debt: Overnight
Expense Ratio:
0.21%(0.19% Category
average)Fund Size:
Rs. 10,587.19 Cr(9.09% of Investment in Category)
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HDFC Overnight Fund-Growth
(Scheme Rating)
NAV as of Jun 12, 2026
3,991.050.01%
Expense Ratio:
0.21%
Fund Size:
Rs. 10,587.19 Cr
Fund Category:
Debt: Overnight
HDFC Overnight Fund-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the HDFC Overnight Fund as of Jun 12, 2026 is Rs 3,991.05 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 5.2% (1yr), 6.06% (3yr), 5.46% (5yr) and 5.85% (since launch). Whereas, Category returns for the same time duration are: 5.22% (1yr), 6.09% (3yr) and 5.5% (5yr).
3. Fund Size: The HDFC Overnight Fund currently holds Assets under Management worth of Rs 10587.19 crore as on May 31, 2026.
4. Expense ratio: The expense ratio of the fund is 0.21% for Regular plan as on Jun 11, 2026.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the HDFC Overnight Fund as of Jun 12, 2026 is Rs 3,991.05 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 5.2% (1yr), 6.06% (3yr), 5.46% (5yr) and 5.85% (since launch). Whereas, Category returns for the same time duration are: 5.22% (1yr), 6.09% (3yr) and 5.5% (5yr).
3. Fund Size: The HDFC Overnight Fund currently holds Assets under Management worth of Rs 10587.19 crore as on May 31, 2026.
4. Expense ratio: The expense ratio of the fund is 0.21% for Regular plan as on Jun 11, 2026.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
HDFC Overnight Fund-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.42 1.28 2.51 5.20 6.06 5.46 Category Avg 0.43 1.28 2.52 5.22 6.09 5.50 Rank within Category 28 23 25 26 26 25 No. of funds within Category 36 36 36 35 33 27 - Loading...
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Return Comparison
- This Fund
- BenchmarkAxis Overnight Reg-G
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
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HDFC Overnight Fund-Growth Fund Details
Investment Objective - The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity.
| Fund House | HDFC Mutual Fund |
| Launch Date | Feb 06, 2002 |
| Benchmark | CRISIL Liquid Overnight Index |
| Return Since Launch | 5.85% |
| Riskometer | Low |
| Type | Open-ended |
| Risk Grade | Low |
| Return Grade | Below Average |
HDFC Overnight Fund-Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | - | 0.0167 | - | 0.0046 |
| Average Maturity(Yrs) | - | 0.1 | - | 0.0047 |
| Yield to Maturity(%) | 5.37 | 7.9113 | 0.04 | 5.3963 |
| Avg Credit Rating | Low | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 5.32 | 3.04 |
| Low Risk | 27.31 | 5.28 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 67.37 | 91.68 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | - | - |
| CD | 17.01 | 2.32 |
| T-Bills | 5.32 | 3.04 |
| CP | 10.30 | 2.96 |
| NCD & Bonds | - | - |
| PTC | - | - |
| Cash & Others | 67.37 | 91.36 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| Export-Import Bank Of India | Commercial Paper | Financial | A1+ | 10,900.00 | 10.30 | 21,800 |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 10,000.00 | 9.45 | 20,000 |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 8,000.00 | 7.56 | 16,000 |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 1,499.37 | 1.42 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 1,348.04 | 1.27 | 1,35,00,000 |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 997.58 | 0.94 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 999.58 | 0.94 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 499.28 | 0.47 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 299.56 | 0.28 | - |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HDFC Overnight Fund-Growth 3,991.05 10,587.19 0.42 5.20 6.06 5.46 Bajaj Finserv Overnight Fund Regular-Growth 1,192.27 948.48 0.43 5.34 - - Axis Overnight Fund Regular-Growth 1,434.92 11,862.94 0.43 5.33 6.19 5.58 Bank of India Overnight Fund Regular-Growth 1,380.18 143.37 0.60 5.56 6.32 5.69 Franklin India Overnight Fund Regular - Growth 1,414.53 1,120.28 0.44 5.36 6.15 5.52
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Moderate Volatility
0.19VS0.19Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.27VS0.44Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.92VS5.95Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
HDFC Mutual Fund News
- HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May
- ICICI Prudential Mutual Fund restricts subscription in ICICI Prudential Gold ETF
- HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?
- Feroze Azeez sees better risk-reward in equities than gold despite global uncertainty
Fund Manager
- A.K.Amar KalkundrikarSince Jan 201922 schemes
Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
More HDFC Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Regular-Growth | 1,04,016.21 | -2.67 | -1.68 | -4.46 | -3.11 | 13.66 | |
| HDFC Flexi Cap Fund Regular-Growth | 1,01,821.82 | -2.15 | -2.43 | -6.19 | -2.30 | 16.51 | |
| HDFC Mid Cap Fund Regular-Growth | 97,350.48 | -2.46 | 1.67 | -1.49 | 1.90 | 20.21 | |
| HDFC Liquid Fund Regular-Growth | 67,998.37 | 0.54 | 1.73 | 3.20 | 6.15 | 6.86 | |
| HDFC Small Cap Fund Regular-Growth | 38,809.48 | -3.54 | 3.28 | -3.59 | -4.98 | 13.19 | |
| HDFC Large Cap Fund Regular-Growth | 37,808.31 | -3.86 | -4.42 | -8.32 | -6.19 | 10.27 | |
| HDFC Corporate Bond Fund Regular-Growth | 31,066.99 | 0.87 | 1.01 | 1.89 | 3.96 | 7.00 | |
| HDFC Money Market Fund-Growth | 28,704.74 | 0.48 | 1.52 | 2.89 | 5.89 | 7.16 | |
| HDFC Large and Mid Cap Fund Regular- Growth | 28,515.33 | -3.80 | -0.21 | -4.41 | -3.96 | 15.28 | |
| HDFC Focused Fund Regular-Growth | 26,082.42 | -2.54 | -3.52 | -7.16 | -3.55 | 15.72 |
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About HDFC Overnight Fund-Growth
1. HDFC Overnight Fund is Open-ended Overnight Debt scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Feb 06, 2002.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity. "
2. It is benchmarked against CRISIL Liquid Overnight Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HDFC Overnight Fund is 0.0 years and Duration is 0.00368455 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HDFC Overnight Fund-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. HDFC Overnight Fund is Open-ended Overnight Debt scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Feb 06, 2002.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity. "
2. It is benchmarked against CRISIL Liquid Overnight Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HDFC Overnight Fund is 0.0 years and Duration is 0.00368455 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HDFC Overnight Fund-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about HDFC Overnight Fund-Growth
- Is it safe to invest in HDFC Overnight Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the HDFC Overnight Fund comes under Low risk category.
- What is the category of HDFC Overnight Fund?HDFC Overnight Fund belongs to the Debt : Overnight category of funds.
- How Long should I Invest in HDFC Overnight Fund?The suggested investment horizon of investing into HDFC Overnight Fund is <1 month. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HDFC Overnight Fund?The HDFC Overnight Fund is managed by Amar Kalkundrikar (Since Jan 10, 2019).
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