August 18, 2026
mayank
Choice Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 100.56 |
| NAV IDCW Daily (Rs.) | 100.10 |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | CRISIL Liquid Overnight Index |
| AUM Rs. | 208 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.06% |
| 1 Year Return (%) | — |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 0.57% |
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 seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
Fund Manager:
1) Rochan Pattnayak
Education: Mr. Pattnayak has done MBA
Experience: Prior to joining Choice Mutual Fund, he was associated with Quant Mutual Fund, Edelweiss Asset Management, Indus Equity Advisors and Wolverine Equities & Markets UK.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Choice Overnight Fund
| Fund House | Choice Mutual Fund |
| Launch Date | 04-Jul-26 |
| Return Since Launch | 0.57% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 208 Cr |
| (As on 31-Jul-2026) | |
| Base Expense Ratio | 0.06% |
| (As on 31-Jul-2026) | |
| Risk Grade | — |
| Return Grade | — |
Choice Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Choice Overnight Dir | — | 0.01 | 0.43 | — | — | — | — | — | — | — |
| Debt: Overnight | — | 0.01 | 0.43 | — | — | — | — | — | — | — |
| Rank within category | — | 29 | 31 | — | — | — | — | — | — | — |
| Number of funds in category | 38 | 39 | 39 | 38 | 38 | 38 | 33 | 27 | 21 | 2 |
Peer Comparison of Choice 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 | |
| Choice Overnight Dir | Unrated | — | — | — | 0.06 | 208 | 0.57 | — | 1M |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.32 | 6.12 | 5.66 | 0.07 | 13,144 | 5.18 | — | 7Y 8M |
| Axis Overnight Dir | 5 out of 5 stars | 5.35 | 6.16 | 5.71 | 0.06 | 10,178 | 5.17 | — | 7Y 4M |
| 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 |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 3 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://choicemf.com/mutual-funds OR https://choicemf.com/investor-login
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance: https://sahifund.com/category/nfos/
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