August 21, 2026
mayank
NJ Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,271.13 |
| NAV IDCW (Rs.) | — |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 1D Rate Index |
| AUM Rs. | 360 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.05% |
| 1 Year Return (%) | 5.24 |
| 3 Year Return (%) | 6.05 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 6.10% |
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 risk of investments in overnight instruments.
Fund Manager:
1) Jaimin Ilavia
Education: M.Com, CFA
Experience: Mr. Jaimin has Experience in dealing and portfolio management across various investment strategies of Portfolio management Services (PMS) segment in NJ AMC.
2) 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.
3) 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 | 6.10% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 360 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.05% |
| (As on 31-Jul-2026) | |
| Risk Grade | Low |
| Return Grade | Below Average |
NJ Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| NJ Overnight Dir | 3.24 | 0.01 | 0.42 | 1.30 | 2.54 | 5.24 | 6.05 | — | — | — |
| Debt: Overnight | 3.25 | 0.01 | 0.43 | 1.29 | 2.55 | 5.28 | 6.09 | — | — | — |
| Rank within category | 28 | 32 | 28 | 24 | 27 | 28 | 28 | — | — | — |
| Number of funds in category | 38 | 39 | 39 | 38 | 38 | 38 | 33 | 27 | 21 | 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 out of 5 stars | 5.24 | 6.05 | — | 0.05 | 360 | 6.10 | — | 4Y |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.32 | 6.11 | 5.67 | 0.07 | 13,144 | 5.18 | — | 7Y 9M |
| Axis Overnight Dir | 5 out of 5 stars | 5.35 | 6.15 | 5.71 | 0.06 | 10,178 | 5.17 | — | 7Y 5M |
| Kotak Overnight Dir | 4 out of 5 stars | 5.33 | 6.13 | 5.69 | 0.06 | 8,818 | 5.16 | — | 7Y 7M |
| Tata Overnight Dir | 5 out of 5 stars | 5.35 | 6.15 | 5.70 | 0.05 | 5,278 | 5.15 | — | 7Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 5.28 | 5.27 |
| Avg Credit Rating | Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://investnow.njmutualfund.com/
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