May 28, 2025
mayank
HDFC Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 3,821.1247
NAV IDCW Daily: Rs 1,042.6600
Suitable For Which Investors?
Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity.
Fund Manager:
1) Swapnil Jangam
Education: Mr. Jangam has done B.Com, CA and CFA Level III.
Experience: Prior to Joining HDFC Mutual Fund, he has worked with M.P. Chitale and Co. and EY.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of HDFC Overnight Fund
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.04% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 10,935 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.10% |
| (As on 30-Apr-2025) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of HDFC Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Overnight Dir | 2.48 | 0.02 | 0.47 | 1.46 | 3.11 | 6.45 | 6.36 | 5.08 | 5.20 | 5.54 |
| CCIL T Bill Liquidity Weight | 2.29 | 0.03 | 0.48 | 1.46 | 2.68 | 5.23 | 4.46 | 3.48 | 3.72 | 3.95 |
| Debt: Overnight | 2.49 | 0.02 | 0.47 | 1.46 | 3.12 | 6.49 | 6.39 | 5.11 | 5.22 | 5.58 |
| Rank within category | 23 | 17 | 26 | 23 | 23 | 26 | 22 | 23 | 3 | 2 |
| Number of funds in category | 34 | 35 | 35 | 34 | 34 | 34 | 28 | 27 | 3 | 2 |
Peer Comparison of HDFC 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 | |
| HDFC Overnight Dir | 2 star | 6.45 | 6.36 | 5.08 | 0.10 | 10,935 | 6.04 | — | 12Y 4M |
| Axis Overnight Dir | 5 star | 6.56 | 6.44 | 5.15 | 0.05 | 9,113 | 5.12 | — | 6Y 2M |
| ABSL Overnight Dir | 4 star | 6.53 | 6.41 | 5.13 | 0.08 | 7,698 | 5.18 | — | 6Y 6M |
| Nippon India Overnight Dir | 4 star | 6.55 | 6.43 | 5.14 | 0.08 | 7,323 | 5.17 | — | 6Y 5M |
| Kotak Overnight Dir | 4 star | 6.53 | 6.41 | 5.12 | 0.08 | 6,609 | 5.12 | — | 6Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 7 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 5.97 | 6.07 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For HDFC Overnight Fund
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