Overnight Funds Compared
Every overnight mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 33 overnight funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 5.7% a year. The highest 5-year return was ICICI Prudential Overnight Fund at 67.6% a year.
All overnight funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) |
|---|---|---|---|---|---|---|---|---|
| 1 | ICICI Prudential Overnight Fund | 5.3% | 6.0% | 67.6% | — | 67.4% | 50.0% | 0.09% |
| 2 | Bank Of India Overnight Fund | 5.5% | 6.2% | 5.9% | — | 5.8% | 6.1% | 0.09% |
| 3 | Axis Overnight Fund | 5.3% | 6.1% | 5.8% | — | 5.7% | 5.9% | 0.09% |
| 4 | Nippon India Overnight Fund | 5.3% | 6.1% | 5.8% | — | 5.7% | 5.9% | 0.10% |
| 5 | Mirae Asset Overnight Fund | 5.3% | 6.1% | 5.8% | — | 5.7% | 5.9% | 0.09% |
| 6 | Tata Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.09% |
| 7 | HSBC Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.07% |
| 8 | Kotak Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.09% |
| 9 | DSP Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.7% | 5.9% | 0.11% |
| 10 | LIC MF Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.10% |
| 11 | Baroda BNP Paribas Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.7% | 5.9% | 0.07% |
| 12 | Mahindra Manulife Overnight Fund | 5.2% | 6.0% | 5.7% | — | 5.6% | 5.9% | 0.10% |
| 13 | Aditya Birla Sun Life Overnight Fund | 5.2% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.09% |
| 14 | Bandhan Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.07% |
| 15 | UTI - Overnight Fund | 5.3% | 6.1% | 5.7% | 67.0% | 5.7% | 5.9% | 0.09% |
| 16 | Union Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.6% | 5.9% | 0.14% |
| 17 | Invesco India Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.7% | 5.9% | 0.08% |
| 18 | Sundaram Overnight Fund | 5.2% | 6.0% | 5.7% | — | 5.6% | 5.9% | 0.08% |
| 19 | Franklin India Overnight Fund | 5.3% | 6.1% | 5.7% | — | 5.7% | 5.9% | 0.07% |
| 20 | SBI Overnight Fund | 5.2% | 6.0% | 5.7% | 5.4% | 5.6% | 5.9% | 0.09% |
| 21 | PGIM India Overnight Fund | 5.1% | 6.0% | 5.7% | — | 5.6% | 5.9% | 0.18% |
| 22 | HDFC Overnight Fund | 5.2% | 6.0% | 5.7% | 5.3% | 5.6% | 5.9% | 0.11% |
| 23 | Edelweiss Overnight Fund | 5.2% | 6.0% | 5.7% | — | 5.6% | 5.9% | 0.11% |
| 24 | Canara Robeco Overnight Fund | 5.2% | 6.0% | 5.7% | — | 5.7% | 5.8% | 0.08% |
| 25 | JM Overnight Fund | 5.1% | 5.9% | 5.7% | — | 5.6% | 5.8% | 0.12% |
| 26 | Groww Overnight Fund | 5.1% | 6.0% | 5.6% | — | 5.5% | 5.8% | 0.16% |
| 27 | ITI Overnight Fund | 5.0% | 5.8% | 5.5% | — | 5.4% | 5.7% | 0.17% |
| — | Bajaj Finserv Overnight Fund | 5.3% | 6.1% | — | — | — | — | 0.11% |
| — | Helios Overnight Fund | 5.1% | — | — | — | — | — | 0.17% |
| — | NJ Overnight Fund | 5.2% | 6.0% | — | — | — | — | 0.08% |
| — | Samco Overnight Fund | 5.0% | 5.8% | — | — | — | — | 0.23% |
| — | Trustmf Overnight Fund | 5.1% | 6.0% | — | — | — | — | 0.11% |
| — | quant Overnight Fund | 5.0% | 6.1% | — | — | — | — | 0.19% |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
Key takeaways
Frequently asked questions
Which overnight fund has given the highest returns?
Over the 5 years to 30 Sep 2026, ICICI Prudential Overnight Fund (direct plan) at 67.6% a year. Past returns do not predict future ones.
What is the average return of overnight funds?
The median direct plan returned 5.7% a year over 5 years to 30 Sep 2026.