Canara Robeco Overnight Fund Direct - Growth

Q: What are the returns of Canara Robeco Overnight Fund?

The Canara Robeco Overnight Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 4.99% since inception. Canara Robeco Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.46% 6.27% 5.02% 4.99%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1323.7618+0.02% 1 day change	4.99% p.a.	#NA View Ranked Funds	1

Historical NAV & returns

NAV: ₹1323.7618 as on Apr 23, 2025

This fund Category average

Canara Robeco Overnight Fund overview

VRO rating	1
Expense ratio	0.1% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹349 Crs
Lock-in	No Lockin
Age	5 yrs 9 m since Jul 19, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	Lump. ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Canara Robeco 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 09, 2025

Period	This fund	Category average
1 month	0.49%	0.5%
3 months	1.49%	1.52%
6 months	3.14%	3.19%
1 year	6.46%	6.57%
3 years	6.27%	6.34%
5 years	5.02%	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 95.70999999%

SOV 4.29%

Top Debt Holdings

Reserve Bank of India 4.29%

Allocation by Instruments

Repo 95.66%

Treasury Bills 4.29%

Net Receivables 0.04999999%

Other Holdings

Others 0.05%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Canara Robeco Overnight Fund	N.A.	₹349 Crs	5 yrs 9 m	0.1%
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
Canara Robeco Overnight Fund	0.49%	3.14%	6.46%	6.27%	5.02%	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
Canara Robeco Overnight Fund	0.22	0.43	-0.45	-0.45
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	0.8 vs. 1.53 Underperformed at beating benchmark
Sharpe	-0.45 vs. 1.42 Poor risk-adjusted returns
Beta	0.43 vs. 0.09 More sensitive to market's ups & downs
Standard deviation	0.22 vs. 0.15 More volatile performance

Compare Canara Robeco Overnight Fund in detail with

About this fund

About Canara Robeco Overnight Fund

Canara Robeco Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Canara Robeco Mutual Fund. This fund has been in existence for 5 yrs 9 m, having been launched on 19/07/2019. Canara Robeco Overnight Fund Direct - Growth has ₹349 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 Canara Robeco Overnight Fund Direct - Growth as of 23/04/2025 is ₹1323.76. The fund has an expense ratio of 0.1%, which is close to what most other Overnight funds charge.

Canara Robeco Overnight Fund Direct - Growth returns of last 1-year are 6.48%. Since launch, it has delivered 5.00% average annual returns.
Canara Robeco Overnight Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is low.
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 better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India.

...

Fund AUM	₹349 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Suman Prasad

Ms. Prasad is B.Sc and PGDMS. She has been associated with Canara Robeco since 1996.

Investment objective

The Scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities.

Canara Robeco Mutual Fund details

No. of schemes	25 view all schemes
Total AUM	₹1,03,344 Crs as on Mar 31, 2025
Address	4th Floor - Construction House, 5 - Walchand Hirachand Marg, Mumbai, 400001
Phone	022-22621371/ 66585000 / 665850010

More funds from Canara Robeco Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Canara Robeco Gilt Fund	N.A.	₹133 Crs	12.55%	8.4%
Canara Robeco Dynamic Bond Fund	N.A.	₹125 Crs	11.94%	8.17%
Canara Robeco Income Fund	N.A.	₹119 Crs	11.0%	7.62%
Canara Robeco Corporate Bond Fund	N.A.	₹119 Crs	9.35%	7.05%
Canara Robeco Savings Fund	N.A.	₹992 Crs	8.1%	7.0%
Canara Robeco Short Duration Fund	N.A.	₹334 Crs	9.18%	6.98%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Canara Robeco Overnight Fund?

The current Net Asset Value (NAV) of the Canara Robeco Overnight Fund - Direct Growth plan is approximately ₹1323.7618 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Canara Robeco Overnight Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 4.99% since inception.

Canara Robeco Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.46%	6.27%	5.02%	4.99%

How much does this mutual fund charge as expense ratio?

The Canara Robeco Overnight Fund - Direct Growth has an expense ratio of 0.1%, 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 Canara Robeco Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹349 Crs crore as of Mar 31, 2025.

To whom does Canara Robeco Overnight Fund lend to?

The top 3 debt holdings of Canara Robeco Overnight Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	4.29%

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 Canara Robeco Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	95.70999999%
SOV	4.29%

What is risk level of Canara Robeco 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 Canara Robeco 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 Canara Robeco 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 Canara Robeco Overnight Fund is complete.

How can I redeem my investments in Canara Robeco Overnight Fund?

Redeeming your investments in Canara Robeco 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 Canara Robeco 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

Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
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.