Get a free quote
Great! You have sucessfully subscribed for newsletters for investments
Subscribed email:
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
Unranked
Fund Size
₹5,931 Crs
Return (p.a)
+ 4.64% + 12.46% + 5.31% + 31.25% + 1.87% + 1.87% + 5.08% + 8.02% + 1.06% + 1.06% + 5.72% + 6.00% + 3.46% + 3.46% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹15,545 Crs
Return (p.a)
+ 4.62% + 12.39% + 5.23% + 30.69% + 1.87% + 1.87% + 5.06% + 7.99% + 1.05% + 1.05% + 5.70% + 5.98% + 3.45% + 3.45% + 0.51% + 0.51%
ETM Rank
UnrankedUnranked
Fund Size
₹9,093 Crs
Return (p.a)
+ 4.60% + 12.34% + 5.15% + 30.14% + 1.86% + 1.86% + 5.05% + 7.97% + 1.05% + 1.05% + 5.69% + 5.96% + 3.44% + 3.44% + 0.51% + 0.51%
ETM Rank
UnrankedFund Size
₹10,111 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.88% + 1.88% + 5.10% + 8.05% + 1.06% + 1.06% + 5.74% + 6.02% + 3.47% + 3.47% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹8,018 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.89% + 1.89% + 5.12% + 8.08% + 1.06% + 1.06% + 5.76% + 6.05% + 3.48% + 3.48% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹1,160 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.87% + 1.87% + 5.08% + 8.02% + 1.06% + 1.06% + 5.72% + 6.01% + 3.46% + 3.46% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹34 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.94% + 1.94% + 5.18% + 8.23% + 1.11% + 1.11% + 5.82% + 6.15% + 3.55% + 3.55% + 0.56% + 0.56%
ETM Rank
UnrankedUnranked
Fund Size
₹121 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.89% + 1.89% + 5.05% + 8.01% + 1.08% + 1.08% + 5.68% + 6.00% + 3.47% + 3.47% + 0.55% + 0.55%
ETM Rank
UnrankedUnranked
Fund Size
₹3,209 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.89% + 1.89% + 5.10% + 8.06% + 1.06% + 1.06% + 5.75% + 6.03% + 3.48% + 3.48% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹818 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.87% + 1.87% + 5.03% + 7.95% + 1.06% + 1.06% + 5.67% + 5.95% + 3.44% + 3.44% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹181 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.85% + 1.85% + 5.03% + 7.93% + 1.05% + 1.05% + 5.66% + 5.94% + 3.42% + 3.42% + 0.51% + 0.51%
ETM Rank
UnrankedUnranked
Fund Size
₹4,433 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.89% + 1.89% + 5.12% + 8.09% + 1.06% + 1.06% + 5.76% + 6.04% + 3.48% + 3.48% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹10,634 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.88% + 1.88% + 5.08% + 8.02% + 1.06% + 1.06% + 5.72% + 6.00% + 3.46% + 3.46% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹300 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.87% + 1.87% + 5.07% + 8.00% + 1.06% + 1.06% + 5.71% + 5.99% + 3.45% + 3.45% + 0.52% + 0.52%
ETM Rank
UnrankedUnranked
Fund Size
₹127 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 1.87% + 1.87% + 5.07% + 8.01% + 1.05% + 1.05% + 5.70% + 5.98% + 3.44% + 3.44% + 0.51% + 0.51%
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 2023?
These are top 5 Overnight funds you can invest in 2023
Fund Name | Fund Category | ETM Rank | Consistency | 5 Year Return (Annualized) |
---|---|---|---|---|
UTI Overnight Fund | Debt | # 12 of 25 | 4.7 % p.a. | |
SBI Overnight Fund | Debt | # 12 of 25 | 4.67 % p.a. | |
HDFC Overnight Fund | Debt | # 22 of 25 | 4.65 % p.a. | |
Aditya Birla Sun Life Overnight Fund | Debt | # 21 of 25 | NA | |
Axis Overnight Fund | Debt | # 5 of 25 | 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 6.28% p.a. returns in the last 1 year. Their 3 and 5 year annualized returns are 4.36% and 4.68%. p.a.