JM Overnight Fund Direct - Growth

Q: What are the returns of JM Overnight Fund?

The JM Overnight Fund is a 5 yrs 7 m old fund and has delivered average annual returns of 5.01% since inception. JM Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.22% 6.39% 5.17% 5.01%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1317.7984+0.01% 1 day change	5.01% p.a.	#NA View Ranked Funds	₹97 Cr

Historical NAV & returns

NAV: ₹1317.7984 as on Jul 21, 2025

This fund Category average

JM Overnight Fund overview

Expense ratio	0.08% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹97 Cr
Lock-in Period	Nil
Age	5 yrs 7 m since Dec 03, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

JM 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 Jul 22, 2025

Period	This fund	Category average
1 Month	0.36%	0.36%
3 Months	1.34%	1.36%
6 Months	2.87%	2.92%
1 Year	6.22%	6.3%
2 Years	6.49%	6.56%
3 Years	6.39%	6.44%
4 Years	5.68%	5.72%
5 Years	5.17%	5.2%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Overnight Fund	N.A.	97 Cr	5 yrs 7 m	0.08%
Mirae Asset Overnight Fund	N.A.	1,010 Cr	5 yrs 9 m	0.07%
HSBC Overnight Fund	N.A.	2,602 Cr	6 yrs 2 m	0.06%
PGIM India Overnight Fund	N.A.	40 Cr	5 yrs 11 m	0.14%
Bank of India Overnight Fund	N.A.	72 Cr	5 yrs 5 m	0.09%
Edelweiss Overnight Fund	N.A.	191 Cr	6 yrs	0.11%

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Overnight Fund	0.36%	2.87%	6.22%	6.39%	5.17%	N.A.
Mirae Asset Overnight Fund	0.36%	2.93%	6.32%	6.47%	5.24%	2.91%
HSBC Overnight Fund	0.36%	2.93%	6.32%	6.46%	5.23%	3.11%
PGIM India Overnight Fund	0.35%	2.92%	6.3%	6.44%	5.21%	2.97%
Bank of India Overnight Fund	0.37%	2.98%	6.41%	6.53%	5.29%	2.8%
Edelweiss Overnight Fund	0.36%	2.89%	6.25%	6.39%	5.16%	3.0%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Overnight Fund	0.15	0.14	-0.77	-0.89
Mirae Asset Overnight Fund	0.15	0.17	-0.25	-0.3
HSBC Overnight Fund	0.15	0.17	-0.34	-0.44
PGIM India Overnight Fund	0.14	0.17	-0.46	-0.56
Bank of India Overnight Fund	0.15	0.17	0.16	0.17
Edelweiss Overnight Fund	0.15	0.17	-0.75	-0.94

View all Overnight funds

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

Alpha	0.16 vs. 1.37 Underperformed at beating benchmark
Sharpe	-0.77 vs. 1.25 Poor risk-adjusted returns
Beta	0.14 vs. -0.12 More sensitive to market's ups & downs
Standard deviation	0.15 vs. 0.09 More volatile performance

Compare JM Overnight Fund in detail with

About this fund

About JM Overnight Fund

JM Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 5 yrs 7 m, having been launched on 03/12/2019. JM Overnight Fund Direct - Growth has ₹97 Crores worth of assets under management (AUM) as on 31/05/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Overnight Fund Direct - Growth as of 21/07/2025 is ₹1317.80. The fund has an expense ratio of 0.08%, which is close to what most other Overnight funds charge.

JM Overnight Fund Direct - Growth returns of last 1-year are 6.24%. Since launch, it has delivered 5.02% average annual returns.
JM Overnight Fund Direct - Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is below average.

...

Fund AUM	97 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Naghma Khoja

She is B.Com, CA and CFA Before joining JM Financial AMC, she was associated with Karvy Capital Limited.

Ruchi Fozdar

Ms. Ruchi is a graduate in science and PGDBM in finance Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund

Killol Pandya

Mr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research. Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.

Investment objective

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

JM Financial Mutual Fund details

No. of schemes	15 view all schemes
Total AUM	13,969 Cr as on Jun 30, 2025
Address	Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, 400025
Phone	022-33797777 / 1800-103-8345

More funds from JM Financial Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
JM Medium to Long Duration Fund	N.A.	35 Cr	9.91%	8.11%
JM Dynamic Bond Fund	N.A.	47 Cr	10.03%	7.97%
JM Short Duration Fund	N.A.	121 Cr	9.3%	N.A.
JM Low Duration Fund	N.A.	232 Cr	8.31%	7.4%
JM Liquid Fund	N.A.	2,196 Cr	7.08%	7.01%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of JM Overnight Fund?

The current Net Asset Value (NAV) of the JM Overnight Fund - Direct Growth plan is approximately ₹1317.7984 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The JM Overnight Fund is a 5 yrs 7 m old fund and has delivered average annual returns of 5.01% since inception.

JM Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.22%	6.39%	5.17%	5.01%

How much does this mutual fund charge as expense ratio?

The JM Overnight Fund - Direct Growth has an expense ratio of 0.08%, 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 JM Overnight Fund currently has assets under management (AUM) or fund size valued at approximately 97 Cr as on May 31, 2025.

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 JM Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	99.99999999%

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

How can I redeem my investments in JM Overnight Fund?

Redeeming your investments in JM 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 JM 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 Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
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.