HDFC Overnight Fund

Q: What are the returns of this mutual fund scheme?

The HDFC Overnight Fund is a 23 yrs 8 m old fund and has delivered average annual returns of 5.86% since inception. HDFC Overnight Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 5.85% 6.3% 5.18% 5.38% 5.86%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Overnight Fund has an expense ratio of 0.2% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Oct 22, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹3865.5804+0.01% 1 day change	5.86% p.a.	App exclusive #NA View Ranked Funds	₹12,851 Cr

Historical NAV & returns

NAV: ₹3865.5804 as on Oct 22, 2025

This fund Category average

HDFC Overnight Fund overview

AUM (Fund size)	₹12,851 Cr
Exit load	0%
Lock-in Period	Nil
Age	23 yrs 8 m since Feb 04, 2002
Benchmark	CRISIL Liquid Overnight Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.2% as on Sep 30, 2025
Plan type	Regular
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 Oct 26, 2025

Period	This fund	Category average
1 Month	0.39%	0.39%
3 Months	1.28%	1.29%
6 Months	2.64%	2.66%
1 Year	5.85%	5.9%
2 Years	6.25%	6.29%
3 Years	6.3%	6.34%
4 Years	5.74%	5.79%
5 Years	5.18%	5.23%
7 Years	5.05%	5.09%
10 Years	5.38%	5.46%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 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 95.49%

SOV 4.51%

Top Debt Holdings

Reserve Bank of India 4.51%

Allocation by Instruments

Repo 48.12%

Reverse Repo 46.92%

Treasury Bills 4.51%

Net Current Assets 0.45%

Other Holdings

Others 46.92%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Overnight Fund	0.39%	2.64%	5.85%	6.3%	5.18%	5.38%
Mirae Asset Overnight Fund	0.4%	2.67%	5.92%	6.37%	5.26%	2.99%
PGIM India Overnight Fund	0.39%	2.65%	5.92%	6.35%	5.26%	3.06%
Edelweiss Overnight Fund	0.4%	2.65%	5.88%	6.33%	5.22%	3.1%
UTI Overnight Fund	0.4%	2.68%	5.95%	6.38%	5.26%	5.56%
SBI Overnight Fund	0.39%	2.66%	5.9%	6.32%	5.21%	5.44%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Overnight Fund	0.13	0.1	-1.21	-1.53
Mirae Asset Overnight Fund	0.13	0.1	-0.69	-0.93
PGIM India Overnight Fund	0.14	0.12	-0.76	-0.98
Edelweiss Overnight Fund	0.13	0.1	-0.97	-1.26
UTI Overnight Fund	0.13	0.1	-0.58	-0.74
SBI Overnight Fund	0.13	0.1	-1.06	-1.39

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Overnight Fund	N.A.	12,851 Cr	23 yrs 8 m	0.2%
Mirae Asset Overnight Fund	N.A.	1,433 Cr	6 yrs	0.15%
PGIM India Overnight Fund	N.A.	114 Cr	6 yrs 2 m	0.17%
Edelweiss Overnight Fund	N.A.	220 Cr	6 yrs 3 m	0.16%
UTI Overnight Fund	N.A.	6,559 Cr	21 yrs 11 m	0.11%
SBI Overnight Fund	N.A.	27,820 Cr	23 yrs 1 m	0.14%

View all Overnight funds

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

Alpha	0.02 vs. 1.18 Underperformed at beating benchmark
Sharpe	-1.21 vs. 1.45 Poor risk-adjusted returns
Beta	0.1 vs. -0.42 More sensitive to market's ups & downs
Standard deviation	0.13 vs. 0.09 More volatile performance

Compare HDFC Overnight Fund in detail with

About this fund

About HDFC Overnight Fund

HDFC Overnight Fund is a Overnight mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 23 yrs 8 m, having been launched on 04/02/2002. HDFC Overnight Fund has ₹12,851 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Overnight Fund as of 22/10/2025 is ₹3865.58. The fund has an expense ratio of 0.2%, which is higher than what most other Overnight funds charge.

HDFC Overnight Fund returns of last 1-year are 5.92%. Since launch, it has delivered 5.87% average annual returns. The fund has doubled the money invested in it every 13 yrs.
HDFC Overnight Fund 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 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	12,851 Cr as on Sep 30, 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	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 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	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	1,725 Cr	1.35%	12.5%
HDFC Nifty G-Sec July 2031 Index	N.A.	677 Cr	8.79%	N.A.
HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.77%	N.A.
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	966 Cr	7.83%	N.A.
HDFC Floating Rate Debt Fund	N.A.	15,446 Cr	8.0%	7.94%
HDFC Corporate Bond Fund	N.A.	35,574 Cr	7.9%	7.92%

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 plan is approximately ₹3865.5804 as of Oct 22, 2025.

What are the returns of this mutual fund scheme?

The HDFC Overnight Fund is a 23 yrs 8 m old fund and has delivered average annual returns of 5.86% since inception.

HDFC Overnight Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
5.85%	6.3%	5.18%	5.38%	5.86%

How much does this mutual fund charge as expense ratio?

The HDFC Overnight Fund has an expense ratio of 0.2%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 12,851 Cr as on Sep 30, 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	4.51%

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	95.49%
SOV	4.51%

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 can I redeem my investments in HDFC Overnight Fund?

Redeeming your investments in the HDFC Overnight Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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

ET Money rank

App exclusive

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.