August 17, 2026
mayank
Axis Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,453.65 |
| Monthly NAV IDCW (Rs.) | 1,003.64 |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 1D Rate Index |
| AUM Rs. | 10,178 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.06% |
| 1 Year Return (%) | 5.35 |
| 3 Year Return (%) | 6.16 |
| 5 Year Return (%) | 5.71 |
| 10 Year Return (%) | — |
| Return Since Launch | 5.17% |
Suitable For Which Investors?
Overnight funds are suitable for:
1. Parking emergency corpus or idle money for capital preservation
2. Earning slightly higher returns than savings bank account, with low volatility
3. Investment horizon of up to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Fund Manager:
1) Hardik Satra
Education: Mr. Satra is a MBA (Financial Planning and Services)
Experience: Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.
2) Sachin Jain
Education: Mr. Jain is a B.Tech, AGMP (Management)
Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 10 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Overnight Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 15-Mar-19 |
| Return Since Launch | 5.17% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 10,178 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.06% |
| (As on 31-Jul-2026) | |
| Risk Grade | Low |
| Return Grade | High |
Axis Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Overnight Dir | 3.20 | 0.01 | 0.44 | 1.31 | 2.58 | 5.35 | 6.16 | 5.71 | 5.12 | — |
| Debt: Overnight | 3.15 | 0.01 | 0.43 | 1.30 | 2.54 | 5.28 | 6.11 | 5.66 | 5.08 | — |
| Rank within category | 3 | 9 | 6 | 9 | 5 | 6 | 3 | 2 | 2 | — |
| Number of funds in category | 38 | 39 | 39 | 38 | 38 | 38 | 33 | 27 | 21 | 2 |
Peer Comparison of Axis Overnight Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Axis Overnight Dir | 5 out of 5 stars | 5.35 | 6.16 | 5.71 | 0.06 | 10,178 | 5.17 | — | 7Y 4M |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.32 | 6.12 | 5.66 | 0.07 | 13,144 | 5.18 | — | 7Y 8M |
| Kotak Overnight Dir | 4 out of 5 stars | 5.33 | 6.14 | 5.68 | 0.06 | 8,818 | 5.16 | — | 7Y 6M |
| Tata Overnight Dir | 5 out of 5 stars | 5.35 | 6.16 | 5.69 | 0.05 | 5,278 | 5.15 | — | 7Y 4M |
| HSBC Overnight Dir | 4 out of 5 stars | 5.32 | 6.13 | 5.68 | 0.05 | 4,766 | 5.12 | — | 7Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 5 | 3 |
| Macaulay Duration (yrs) | 0.01 | — |
| Average Maturity (yrs) | 0.01 | — |
| Yield to Maturity (%) | 5.46 | 5.45 |
| Avg Credit Rating | GOI/Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://www.axismf.com/Online/Login OR
https://www.axismf.com/mutual-funds
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