August 12, 2025
RA Jainee
NJ Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,206.2304
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 seek to generate returns commensurate with risk of investments in overnight instruments.
Fund Manager:
1) Viral Shah
Education: Mr. Shah has done B.E. and MBA (Finance)
Experience: Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
2) Dhaval Patel
Education: Mr. Patel has done IBS from Hyderabad
Experience: Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| 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 NJ Overnight Fund
| Fund House | NJ Mutual Fund |
| Launch Date | 01-Aug-22 |
| Return Since Launch | 6.39% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 331 Cr |
| (As on 31-Jul-2025) | |
| Expense | 0.05% |
| (As on 31-Jul-2025) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of NJ Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| NJ Overnight Dir | 3.57 | 0.01 | 0.45 | 1.36 | 2.85 | 6.20 | 6.38 | — | — | — |
| CCIL T Bill Liquidity Weight | 3.16 | 0.00 | 0.31 | 1.18 | 2.52 | 4.94 | 4.57 | — | — | — |
| Debt: Overnight | 3.58 | 0.01 | 0.45 | 1.36 | 2.87 | 6.25 | 6.43 | — | — | — |
| Rank within category | 24 | 8 | 29 | 25 | 27 | 28 | 26 | — | — | — |
| Number of funds in category | 34 | 37 | 36 | 35 | 34 | 34 | 29 | 27 | 3 | 2 |
Peer Comparison of NJ 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 | |
| NJ Overnight Dir | 2 star | 6.20 | 6.38 | — | 0.05 | 331 | 6.39 | — | 3Y |
| Axis Overnight Dir | 5 star | 6.33 | 6.49 | 5.25 | 0.07 | 11,479 | 5.14 | — | 6Y 4M |
| ABSL Overnight Dir | 4 star | 6.28 | 6.46 | 5.23 | 0.08 | 9,298 | 5.19 | — | 6Y 9M |
| Kotak Overnight Dir | 4 star | 6.29 | 6.47 | 5.22 | 0.08 | 9,041 | 5.13 | — | 6Y 6M |
| Nippon India Overnight Dir | 4 star | 6.31 | 6.48 | 5.24 | 0.08 | 7,069 | 5.18 | — | 6Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 4 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 5.50 | 5.48 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For NJ Overnight Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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