JM Overnight Fund Direct - Growth

Q: What are the returns of JM Overnight Fund?

The JM Overnight Fund is a 5 yrs 4 m old fund and has delivered average annual returns of 4.99% since inception. JM Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.49% 6.3% 5.05% 4.99%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1300.6373+0.02% 1 day change	4.99% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹1300.6373 as on Apr 23, 2025

This fund Category average

JM Overnight Fund overview

VRO rating	2
Expense ratio	0.08% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹238 Crs
Lock-in	No Lockin
Age	5 yrs 4 m since Dec 03, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	SIP ₹500 & Lump. ₹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 Apr 24, 2025

Period	This fund	Category average
1 month	0.49%	0.5%
3 months	1.49%	1.52%
6 months	3.15%	3.19%
1 year	6.49%	6.57%
3 years	6.3%	6.34%
5 years	5.05%	5.07%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
JM Overnight Fund	N.A.	₹238 Crs	5 yrs 4 m	0.08%
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
JM Overnight Fund	0.49%	3.15%	6.49%	6.3%	5.05%	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
JM Overnight Fund	0.23	0.44	-0.34	-0.34
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	0.84 vs. 1.53 Underperformed at beating benchmark
Sharpe	-0.34 vs. 1.42 Poor risk-adjusted returns
Beta	0.44 vs. 0.09 More sensitive to market's ups & downs
Standard deviation	0.23 vs. 0.15 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 4 m, having been launched on 03/12/2019. JM Overnight Fund Direct - Growth has ₹238 Crores worth of assets under management (AUM) as on 31/03/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Overnight Fund Direct - Growth as of 23/04/2025 is ₹1300.64. 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 6.51%. Since launch, it has delivered 5.00% average annual returns.
JM 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.

...

Fund AUM	₹238 Crs as on Mar 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	₹13,831 Crs as on Mar 31, 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 (in Crs.)	1Y	3Y
JM Dynamic Bond Fund	N.A.	₹45 Crs	11.86%	7.91%
JM Medium to Long Duration Fund	N.A.	₹24 Crs	11.47%	7.58%
JM Low Duration Fund	N.A.	₹224 Crs	8.27%	7.0%
JM Liquid Fund	N.A.	₹2,806 Crs	7.27%	6.84%
JM Short Duration Fund	N.A.	₹115 Crs	9.58%	N.A.

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 ₹1300.6373 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The JM Overnight Fund is a 5 yrs 4 m old fund and has delivered average annual returns of 4.99% since inception.

JM Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.49%	6.3%	5.05%	4.99%

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 ₹238 Crs crore as of Mar 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/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.