Axis Overnight Fund Direct-Growth

Q: What are the returns of Axis Overnight Fund?

The Axis Overnight Fund is a 6 yrs 1 m old fund and has delivered average annual returns of 5.11% since inception. Axis Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.63% 6.38% 5.1% 5.11%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1356.294+0.02% 1 day change	5.11% p.a.	#NA View Ranked Funds	5

Historical NAV & returns

NAV: ₹1356.294 as on Apr 23, 2025

This fund Category average

Axis Overnight Fund overview

VRO rating	5
Expense ratio	0.05% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹6,348 Crs
Lock-in	No Lockin
Age	6 yrs 1 m since Mar 07, 2019
Benchmark	NIFTY 1D Rate Index
Min. investment	Lump. ₹1000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Axis Overnight Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	0.51%	0.5%
3 months	1.54%	1.52%
6 months	3.22%	3.19%
1 year	6.63%	6.57%
3 years	6.38%	6.34%
5 years	5.1%	5.07%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Cash & Call Money 90.01969152%

SOV 9.98030843%

Top Debt Holdings

Others 89.61%

Reserve Bank of India 9.99%

Allocation by Instruments

CBLO 89.61119471%

Treasury Bills 9.98030843%

Net Receivables 0.40849681%

Other Holdings

Others 0.41%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Axis Overnight Fund	N.A.	₹6,348 Crs	6 yrs 1 m	0.05%
Mirae Asset Overnight Fund	N.A.	₹391 Crs	5 yrs 6 m	0.07%
HSBC Overnight Fund	N.A.	₹2,086 Crs	5 yrs 11 m	0.06%
PGIM India Overnight Fund	N.A.	₹29 Crs	5 yrs 8 m	0.1%
Edelweiss Overnight Fund	N.A.	₹566 Crs	5 yrs 9 m	0.11%
Bank of India Overnight Fund	N.A.	₹41 Crs	5 yrs 2 m	0.09%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Overnight Fund	0.51%	3.22%	6.63%	6.38%	5.1%	N.A.
Mirae Asset Overnight Fund	0.5%	3.2%	6.59%	6.37%	5.11%	2.77%
HSBC Overnight Fund	0.5%	3.2%	6.59%	6.36%	5.1%	2.98%
PGIM India Overnight Fund	0.51%	3.2%	6.6%	6.34%	5.09%	2.83%
Edelweiss Overnight Fund	0.5%	3.17%	6.5%	6.29%	5.04%	2.86%
Bank of India Overnight Fund	0.51%	3.24%	6.67%	6.43%	5.17%	2.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Overnight Fund	0.23	0.46	0.01	0.01
Mirae Asset Overnight Fund	0.24	0.45	-0.04	-0.04
HSBC Overnight Fund	0.24	0.46	-0.11	-0.11
PGIM India Overnight Fund	0.23	0.46	-0.17	-0.16
Edelweiss Overnight Fund	0.24	0.46	-0.37	-0.35
Bank of India Overnight Fund	0.23	0.45	0.2	0.21

View all Overnight funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.95 vs. 1.53 Underperformed at beating benchmark
Sharpe	0.01 vs. 1.42 Poor risk-adjusted returns
Beta	0.46 vs. 0.09 More sensitive to market's ups & downs
Standard deviation	0.23 vs. 0.15 More volatile performance

Compare Axis Overnight Fund in detail with

About this fund

About Axis Overnight Fund

Axis Overnight Fund Direct-Growth is a Overnight mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 6 yrs 1 m, having been launched on 07/03/2019. Axis Overnight Fund Direct-Growth has ₹6,348 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Overnight Fund Direct-Growth as of 23/04/2025 is ₹1356.29. The fund has an expense ratio of 0.05%, which is close to what most other Overnight funds charge.

Axis Overnight Fund Direct-Growth returns of last 1-year are 6.65%. Since launch, it has delivered 5.11% average annual returns.
Axis Overnight Fund Direct-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is high.
The fund's credit profile is very low indicating it has lent to borrowers whose quality is poor. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in Reserve Bank of India.

...

Fund AUM	₹6,348 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Sachin Jain

Mr. Jain is a B.Tech, AGMP (Management) Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Hardik Satra

Mr. Satra is a MBA (Financial Planning and Services) Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.

Investment objective

The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.

Axis Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	₹3,22,861 Crs as on Mar 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Axis Gilt Fund	N.A.	₹868 Crs	13.49%	8.86%
Axis Floater Fund	N.A.	₹166 Crs	12.77%	8.66%
Axis Strategic Bond Fund	N.A.	₹1,899 Crs	10.81%	8.37%
Axis Long Duration Fund	N.A.	₹392 Crs	13.7%	N.A.
Axis Dynamic Bond Fund	N.A.	₹1,355 Crs	11.45%	8.05%
Axis Credit Risk Fund	N.A.	₹360 Crs	9.86%	7.94%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Axis Overnight Fund?

The current Net Asset Value (NAV) of the Axis Overnight Fund - Direct Growth plan is approximately ₹1356.294 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Axis Overnight Fund is a 6 yrs 1 m old fund and has delivered average annual returns of 5.11% since inception.

Axis Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.63%	6.38%	5.1%	5.11%

How much does this mutual fund charge as expense ratio?

The Axis Overnight Fund - Direct Growth has an expense ratio of 0.05%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Axis Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹6,348 Crs crore as of Mar 31, 2025.

To whom does Axis Overnight Fund lend to?

The top 3 debt holdings of Axis Overnight Fund are as follows

Holding Name	Percentage of Portfolio
Others	89.61%
Reserve Bank of India	9.99%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Axis Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	90.01969152%
SOV	9.98030843%

What is risk level of Axis Overnight Fund?

This is a Overnight fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Overnight Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Overnight Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Axis Overnight Fund is complete.

How can I redeem my investments in Axis Overnight Fund?

Redeeming your investments in Axis Overnight Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Axis Overnight Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Overnight

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Overnight funds.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.