SBI Overnight Fund Direct-Growth

Q: What are the returns of SBI Overnight Fund?

The SBI Overnight Fund is a 12 yrs 5 m old fund and has delivered average annual returns of 6.25% since inception. SBI Overnight Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.45% 6.39% 5.11% 5.62% 6.25%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹4196.8557+0.02% 1 day change	6.25% p.a.	#NA View Ranked Funds	₹18,568 Crs

Historical NAV & returns

NAV: ₹4196.8557 as on Jun 05, 2025

This fund Category average

SBI Overnight Fund overview

Expense ratio	0.08% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹18,568 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 to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

SBI 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	0.47%	0.47%
3 Months	1.49%	1.49%
6 Months	3.1%	3.11%
1 Year	6.45%	6.47%
2 Years	6.61%	6.64%
3 Years	6.39%	6.42%
4 Years	5.63%	5.66%
5 Years	5.11%	5.14%
7 Years	5.22%	5.22%
10 Years	5.62%	5.64%

Asset allocationas on Dec 31, 2024

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 91.02%

A1+ 7.64%

SOV 1.34%

Top Debt Holdings

National Bank For Agriculture & Rural Development 2.69%

Indian Bank 2.69%

Punjab National Bank 2.26%

Reserve Bank of India 1.34%

Allocation by Instruments

Repo 82.42%

Reverse Repo 8.64%

Certificate of Deposit 4.949999999999999%

Commercial Paper 2.69%

Other Holdings

Others 82.42%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
SBI Overnight Fund	N.A.	₹18,568 Crs	12 yrs 5 m	0.08%
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
SBI Overnight Fund	0.47%	3.1%	6.45%	6.39%	5.11%	5.62%
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
SBI Overnight Fund	0.16	0.24	-0.55	-0.56
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	0.36 vs. 1.41 Underperformed at beating benchmark
Sharpe	-0.55 vs. 1.29 Poor risk-adjusted returns
Beta	0.24 vs. -0.06 More sensitive to market's ups & downs
Standard deviation	0.16 vs. 0.11 More volatile performance

Compare SBI Overnight Fund in detail with

About this fund

About SBI Overnight Fund

SBI Overnight Fund Direct-Growth is a Overnight mutual fund scheme from Sbi Mutual Fund. This fund has been in existence for 12 yrs 5 m, having been launched on 01/01/2013. SBI Overnight Fund Direct-Growth has ₹18,568 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 SBI Overnight Fund Direct-Growth as of 05/06/2025 is ₹4196.86. The fund has an expense ratio of 0.08%, which is close to what most other Overnight funds charge.

SBI Overnight Fund Direct-Growth returns of last 1-year are 6.47%. Since launch, it has delivered 6.25% average annual returns. The fund has doubled the money invested in it every 12 yrs.
SBI 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 National Bank For Agriculture & Rural Development, Indian Bank, Punjab National Bank, Reserve Bank of India.

...

Fund AUM	₹18,568 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Ranjana Gupta

She is a Commerce graduate from Mumbai University Prior to joining SBI Mutaul Fund, She was heading the broking activities at Twentyfirst Century Shares and Securities Ltd from May 1995 to February 2008. She started her career as a dealer in 1995 with OTCEI.

Tejas Soman

Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets - From ‘NISM’ Prior to joining SBI Mutual Fund, he was associated with Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers

Investment objective

The scheme seeks to provide the investors an opportunity to invest in overnight securities maturing on the next business day.

SBI Mutual Fund details

No. of schemes	67 view all schemes
Total AUM	₹10,76,364 Crs as on Mar 31, 2025
Address	9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai, 400051
Phone	022-61793000 / 1800-425-5425

More funds from SBI Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
SBI Magnum Constant Maturity Fund	N.A.	₹1,771 Crs	12.07%	9.75%
SBI Magnum Gilt Fund	N.A.	₹11,265 Crs	11.11%	9.54%
SBI Dynamic Bond Fund	N.A.	₹3,324 Crs	11.14%	9.48%
SBI CRISIL IBX Gilt Index - June 2036 Fund	N.A.	₹2,423 Crs	12.33%	N.A.
SBI Magnum Income Fund	N.A.	₹1,855 Crs	10.8%	9.1%
SBI Credit Risk Fund	N.A.	₹2,278 Crs	10.34%	8.88%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of SBI Overnight Fund?

The current Net Asset Value (NAV) of the SBI Overnight Fund - Direct Growth plan is approximately ₹4196.8557 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The SBI Overnight Fund is a 12 yrs 5 m old fund and has delivered average annual returns of 6.25% since inception.

SBI Overnight Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.45%	6.39%	5.11%	5.62%	6.25%

How much does this mutual fund charge as expense ratio?

The SBI 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 SBI Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹18,568 Crs crore as of Mar 31, 2025.

To whom does SBI Overnight Fund lend to?

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

Holding Name	Percentage of Portfolio
National Bank For Agriculture & Rural Development	2.69%
Indian Bank	2.69%
Punjab National Bank	2.26%

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 SBI Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	91.02%
A1+	7.64%
SOV	1.34%

What is risk level of SBI Overnight Fund?

This is a Overnight fund comes with Low to Moderate 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 SBI 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 SBI 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 SBI Overnight Fund is complete.

How can I redeem my investments in SBI Overnight Fund?

Redeeming your investments in SBI 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 SBI 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.
Age: This is the 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.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.