HDFC Overnight Fund Direct-Growth

Q: What are the returns of HDFC Overnight Fund?

The HDFC Overnight Fund is a 12 yrs 5 m old fund and has delivered average annual returns of 6.04% since inception. HDFC Overnight Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.42% 6.37% 5.09% 5.54% 6.04%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹3826.4241+0.02% 1 day change	6.04% p.a.	#NA View Ranked Funds	₹9,087 Crs

Historical NAV & returns

NAV: ₹3826.4241 as on Jun 05, 2025

This fund Category average

HDFC Overnight Fund overview

Expense ratio	0.1% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹9,087 Crs
Lock-in	No Lockin
Age	12 yrs 5 m since Jan 01, 2013
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

HDFC 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 Jun 06, 2025

Period	This fund	Category average
1 Month	0.46%	0.47%
3 Months	1.48%	1.49%
6 Months	3.08%	3.11%
1 Year	6.42%	6.47%
2 Years	6.59%	6.64%
3 Years	6.37%	6.42%
4 Years	5.61%	5.66%
5 Years	5.09%	5.14%
7 Years	5.2%	5.22%
10 Years	5.54%	5.64%

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 92.31%

SOV 7.69%

Top Debt Holdings

Reserve Bank of India 7.69%

Allocation by Instruments

Reverse Repo 90.44%

Treasury Bills 7.6899999999999995%

Repo 1.13%

Net Current Assets 0.74%

Other Holdings

Others 90.44%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
HDFC Overnight Fund	N.A.	₹9,087 Crs	12 yrs 5 m	0.1%
Mirae Asset Overnight Fund	N.A.	₹864 Crs	5 yrs 7 m	0.07%
HSBC Overnight Fund	N.A.	₹2,710 Crs	6 yrs	0.06%
PGIM India Overnight Fund	N.A.	₹103 Crs	5 yrs 9 m	0.14%
Bank of India Overnight Fund	N.A.	₹50 Crs	5 yrs 4 m	0.09%
Edelweiss Overnight Fund	N.A.	₹191 Crs	5 yrs 10 m	0.11%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Overnight Fund	0.46%	3.08%	6.42%	6.37%	5.09%	5.54%
Mirae Asset Overnight Fund	0.47%	3.12%	6.49%	6.44%	5.18%	2.84%
HSBC Overnight Fund	0.47%	3.12%	6.48%	6.43%	5.17%	3.05%
PGIM India Overnight Fund	0.46%	3.12%	6.47%	6.41%	5.15%	2.9%
Bank of India Overnight Fund	0.48%	3.17%	6.58%	6.51%	5.23%	2.73%
Edelweiss Overnight Fund	0.46%	3.08%	6.41%	6.36%	5.1%	2.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Overnight Fund	0.16	0.23	-0.64	-0.65
Mirae Asset Overnight Fund	0.17	0.24	-0.21	-0.22
HSBC Overnight Fund	0.17	0.24	-0.3	-0.34
PGIM India Overnight Fund	0.16	0.24	-0.4	-0.41
Bank of India Overnight Fund	0.17	0.24	0.14	0.14
Edelweiss Overnight Fund	0.17	0.24	-0.66	-0.7

View all Overnight funds

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

Alpha	0.34 vs. 1.41 Underperformed at beating benchmark
Sharpe	-0.64 vs. 1.29 Poor risk-adjusted returns
Beta	0.23 vs. -0.06 More sensitive to market's ups & downs
Standard deviation	0.16 vs. 0.11 More volatile performance

Compare HDFC Overnight Fund in detail with

About this fund

About HDFC Overnight Fund

HDFC Overnight Fund Direct-Growth is a Overnight mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 5 m, having been launched on 01/01/2013. HDFC Overnight Fund Direct-Growth has ₹9,087 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 HDFC Overnight Fund Direct-Growth as of 05/06/2025 is ₹3826.42. The fund has an expense ratio of 0.1%, which is close to what most other Overnight funds charge.

HDFC Overnight Fund Direct-Growth returns of last 1-year are 6.44%. Since launch, it has delivered 6.04% average annual returns. The fund has doubled the money invested in it every 12 yrs.
HDFC 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 below average.
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	₹9,087 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Anil Bamboli

Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI. Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Investment objective

The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity.

HDFC Mutual Fund details

No. of schemes	75 view all schemes
Total AUM	₹7,80,967 Crs as on Mar 31, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	₹70 Crs	5.66%	15.65%
HDFC Income Fund	N.A.	₹885 Crs	11.05%	9.13%
HDFC Gilt Fund	N.A.	₹2,907 Crs	11.45%	9.02%
HDFC Dynamic Debt Fund	N.A.	₹778 Crs	10.79%	8.96%
HDFC Medium Term Debt Fund	N.A.	₹3,861 Crs	10.42%	8.64%
HDFC Corporate Bond Fund	N.A.	₹32,527 Crs	10.46%	8.59%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Overnight Fund?

The current Net Asset Value (NAV) of the HDFC Overnight Fund - Direct Growth plan is approximately ₹3826.4241 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The HDFC Overnight Fund is a 12 yrs 5 m old fund and has delivered average annual returns of 6.04% since inception.

HDFC Overnight Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.42%	6.37%	5.09%	5.54%	6.04%

How much does this mutual fund charge as expense ratio?

The HDFC 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 HDFC Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹9,087 Crs crore as of Mar 31, 2025.

To whom does HDFC Overnight Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	7.69%

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 HDFC Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	92.31%
SOV	7.69%

What is risk level of HDFC 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 HDFC 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 HDFC 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 HDFC Overnight Fund is complete.

How can I redeem my investments in HDFC Overnight Fund?

Redeeming your investments in HDFC 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 HDFC 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

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Age: This is the 3rd oldest Overnight fund.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.