Check Free CIBIL Score Online

Five Best Overnight Debt Funds to Invest in

Highlights

  • Overnight funds are considered one of the safest as they invest in securities for one day and sell the next day, nullifying the interest rate risk for investors
  • If you want to invest in these funds, choose from the top performers shown in this post

Overnight funds are a type of open-ended debt funds that invest in debt securities for a day. These funds have a maturity profile of a day and basis the amount of money invested, and redeemed securities are bought and sold daily.

Top Mutual Funds to Invest in Now

Five Best Overnight Funds

DSP Overnight Fund

This fund is offered by DSP Mutual Fund. These are the key points to note about this fund:

  • This fund was launched on 9th Jan 2019.
  • The benchmark of the fund is the CRISIL Overnight Index.
  • The fund has delivered 5.09% annualized returns since launch.
  • DSP Overnight Fund manages an AUM of INR 2,696 crores.

Nippon India Overnight Fund

This fund is offered by Nippon Mutual Fund. These are the key points to note about this fund:

  • This fund was launched on 18th Dec 2018
  • The benchmark of the fund is the CRISIL Overnight Index.
  • The fund has delivered 5.04% annualized returns since launch.
  • Nippon India Overnight Fund manages an AUM of INR 4,597 crores.

Axis Overnight Fund

This fund is offered by Axis Mutual Fund. These are the key points to note about this fund:

  • This fund was launched on 15th March 2019
  • The benchmark of the fund is the Nifty 1 day rate index.
  • The fund has delivered 4.80% annualized returns since launch.
  • Axis Overnight Fund manages an AUM of INR 4,199 crores.
People Also Look For  These Axis Debt Mutual Funds Have Brought Smiles on the Faces of Conservative Investors

UTI Overnight Fund

This fund is offered by UTI Mutual Fund. These are the key points to note about this fund:

  • This fund was launched on 9th Dec 2003
  • The benchmark of the fund is CRISIL OVERNIGHT INDEX
  • The fund has delivered 6.25% annualized returns since launch.
  • UTI Overnight Fund manages an AUM of INR 4,900 crores.

Sundaram Overnight Fund

This fund is offered by Sundaram Mutual Fund. These are the key points to note about this fund:

  • This fund was launched on 20th March 2019
  • The benchmark of the fund is Nifty 1-day rate index
  • The fund has delivered 5.34% annualized returns since launch.
  • Sundaram Overnight Fund manages an AUM of INR 775 crores.

Returns of Overnight Funds

These are the returns delivered by these funds in % terms in a regular plan.

Fund NameLast 3 MonthsLast 6 MonthsLast 1 Year
DSP Overnight0.791.934.57
Nippon Overnight0.751.93N.A.*
Axis Overnight0.721.864.46
UTI Overnight0.721.854.45
Sundaram Overnight0.711.864.50

*This fund has not completed a year; these returns are dated 28th June 2020.

To know more about overnight funds, their advantages and should you invest in them, please read another post of ours-Overnight debt funds-definition, advantages and should you invest?