October 22, 2026
mayank
JM Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,403.05 |
| NAV IDCW Weekly (Rs.) | 1,000.00 |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. No of Cheques | 12 |
| Benchmark |
CRISIL Liquid Overnight Index
|
| AUM Rs. | 83 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.07% |
| 1 Year Return (%) | 5.08 |
| 3 Year Return (%) | 5.91 |
| 5 Year Return (%) | 5.67 |
| 10 Year Return (%) | — |
| Return Since Launch | 5.04% |
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 low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
Fund Manager:
1) Killol Pandya
Education: Mr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research.
Experience: Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.
2) Jayant Dhoot
Education: Chartered Accountant, Company Secretary, B.Com
Experience: Prior to joining the JM MF, he was worked with Taurus Corporate Advisory Services Pvt Ltd, Nuvama Wealth & Investment Ltd, NVS Brokerage Pvt. Ltd.
3) Ruchi Fozdar
Education: Ms. Ruchi is a graduate in science and PGDBM in finance
Experience: Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of JM Overnight Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 03-Dec-19 |
| Return Since Launch | 5.04% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 83 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.07% |
| (As on 30-Sep-2026) | |
| Risk Grade | Low |
| Return Grade | Below Average |
JM Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Overnight Dir | 4.01 | 0.01 | 0.43 | 1.24 | 2.50 | 5.08 | 5.91 | 5.67 | — | — |
| Debt: Overnight | 4.12 | 0.02 | 0.43 | 1.27 | 2.57 | 5.22 | 5.99 | 5.72 | — | — |
| Rank within category | 34 | 36 | 9 | 35 | 34 | 34 | 31 | 25 | — | — |
| Number of funds in category | 38 | 40 | 40 | 39 | 38 | 38 | 33 | 27 | 23 | 2 |
Peer Comparison of JM 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 | |
| JM Overnight Dir | 2 out of 5 stars | 5.08 | 5.91 | 5.67 | 0.07 | 83 | 5.04 | — | 6Y 10M |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.26 | 6.01 | 5.74 | 0.07 | 12,280 | 5.18 | — | 7Y 11M |
| Axis Overnight Dir | 5 out of 5 stars | 5.28 | 6.06 | 5.78 | 0.06 | 10,855 | 5.17 | — | 7Y 7M |
| Kotak Overnight Dir | 4 out of 5 stars | 5.27 | 6.03 | 5.76 | 0.06 | 7,935 | 5.16 | — | 7Y 9M |
| Tata Overnight Dir | 5 out of 5 stars | 5.29 | 6.06 | 5.77 | 0.05 | 5,556 | 5.15 | — | 7Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 4 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 5.00 | 5.06 |
| Avg Credit Rating | Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://investor.jmfinancialmf.com/jmfinvestor/
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