October 2, 2026
mayank
Zerodha Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 10.80 |
| NAV IDCW (Rs.) | — |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 1 |
| Benchmark | NIFTY 1D Rate Index |
| AUM Rs. | 94 Cr |
| (As on 31-Aug-2026) | |
| Expense | 0.08% |
| 1 Year Return (%) | 5.12 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 5.34% |
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 generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo).
Fund Manager:
1) Kedarnath Mirajkar
Education: Mr. Mirajkar has done PGDBM (Finance)
Experience: Prior to joining Zerodha Mutual Fund, he has worked with ABSL AMC, HDFC Bank as a Deupty Manager, Bombay Dyeing as a Finance Executive. He has over 10 years of experience in the Mutual Fund Industry.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Zerodha Overnight Fund
| Fund House | Zerodha Mutual Fund |
| Launch Date | 04-Apr-25 |
| Return Since Launch | 5.34% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 94 Cr |
| (As on 31-Aug-2026) | |
| Base Expense Ratio | 0.08% |
| (As on 30-Sep-2026) | |
| Risk Grade | — |
| Return Grade | — |
Zerodha Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Zerodha Overnight Dir | 3.76 | 0.01 | 0.39 | 1.24 | 2.51 | 5.12 | — | — | — | — |
| Debt: Overnight | 3.83 | 0.01 | 0.39 | 1.26 | 2.55 | 5.22 | — | — | — | — |
| Rank within category | 30 | 38 | 30 | 29 | 31 | 32 | — | — | — | — |
| Number of funds in category | 38 | 41 | 39 | 38 | 38 | 38 | 33 | 27 | 22 | 2 |
Peer Comparison of Zerodha 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 | |
| Zerodha Overnight Dir | Unrated | 5.12 | — | — | 0.08 | 94 | 5.34 | — | 1Y 5M |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.26 | 6.04 | 5.72 | 0.07 | 14,368 | 5.18 | — | 7Y 10M |
| Axis Overnight Dir | 5 out of 5 stars | 5.29 | 6.08 | 5.76 | 0.06 | 11,325 | 5.16 | — | 7Y 6M |
| Kotak Overnight Dir | 4 out of 5 stars | 5.27 | 6.06 | 5.73 | 0.06 | 8,618 | 5.16 | — | 7Y 8M |
| Tata Overnight Dir | 5 out of 5 stars | 5.29 | 6.08 | 5.74 | 0.05 | 4,571 | 5.15 | — | 7Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 4 |
| Macaulay Duration (yrs) | 0.01 | — |
| Average Maturity (yrs) | 0.01 | — |
| Yield to Maturity (%) | 5.29 | 5.07 |
| Avg Credit Rating | Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://www.zerodhafundhouse.com/
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance: https://sahifund.com/category/nfos/
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