Tata Overnight Fund Direct - Growth

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

The Tata Overnight Fund Direct - Growth is a 6 yrs 10 m old fund and has delivered average annual returns of 5.14% since inception. Tata Overnight Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 5.71% 6.4% 5.47% 5.14%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1410.6829+0.01% 1 day change	5.14% p.a.	App exclusive #NA View Ranked Funds	₹4,454 Cr

Historical NAV & returns

NAV: ₹1410.6829 as on Feb 02, 2026

This fund Category average

Tata Overnight Fund overview

Expense ratio	0.05% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹4,454 Cr
Lock-in Period	Nil
Age	6 yrs 10 m since Mar 25, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Tata 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.43%	0.43%
3 Months	1.32%	1.2%
6 Months	2.71%	2.57%
1 Year	5.71%	5.53%
2 Years	6.22%	6.11%
3 Years	6.4%	6.32%
4 Years	6.04%	5.97%
5 Years	5.47%	5.42%

Asset allocationas on Dec 31, 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 96.87%

SOV 3.13%

Top Debt Holdings

Reserve Bank of India 3.13%

Allocation by Instruments

Repo 96.88%

Treasury Bills 3.13%

Other Holdings

Others 96.88%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Tata Overnight Fund	0.43%	2.71%	5.71%	6.4%	5.47%	N.A.
Mirae Asset Overnight Fund	0.44%	2.71%	5.69%	6.4%	5.49%	3.2%
HSBC Overnight Fund	0.43%	2.7%	5.68%	6.39%	5.48%	3.41%
PGIM India Overnight Fund	0.42%	2.66%	5.63%	6.35%	5.45%	3.26%
Bank of India Overnight Fund	0.43%	2.74%	5.78%	6.46%	5.55%	3.1%
Edelweiss Overnight Fund	0.43%	2.67%	5.62%	6.32%	5.4%	3.29%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Tata Overnight Fund	0.15	0.12	0.48	1.08
Mirae Asset Overnight Fund	0.16	0.11	0.45	0.92
HSBC Overnight Fund	0.16	0.11	0.38	0.78
PGIM India Overnight Fund	0.16	0.13	0.16	0.34
Bank of India Overnight Fund	0.15	0.12	0.86	1.8
Edelweiss Overnight Fund	0.16	0.11	0.01	0.03

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Tata Overnight Fund	N.A.	4,454 Cr	6 yrs 10 m	0.05%
Mirae Asset Overnight Fund	N.A.	1,262 Cr	6 yrs 3 m	0.08%
HSBC Overnight Fund	N.A.	3,091 Cr	6 yrs 8 m	0.06%
PGIM India Overnight Fund	N.A.	38 Cr	6 yrs 5 m	0.16%
Bank of India Overnight Fund	N.A.	81 Cr	6 yrs	0.08%
Edelweiss Overnight Fund	N.A.	146 Cr	6 yrs 6 m	0.11%

View all Overnight funds

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

Alpha	0.29 vs. 1.45 Underperformed at beating benchmark
Sharpe	0.48 vs. 1.55 Poor risk-adjusted returns
Beta	0.12 vs. 0.26 Less sensitive to market ups & downs
Standard deviation	0.15 vs. 0.11 More volatile performance

About this fund

About Tata Overnight Fund

Tata Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Tata Mutual Fund. This fund has been in existence for 6 yrs 10 m, having been launched on 25/03/2019. Tata Overnight Fund Direct - Growth has ₹4,454 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Tata Overnight Fund Direct - Growth as of 02/02/2026 is ₹1410.68. The fund has an expense ratio of 0.05%, which is close to what most other Overnight funds charge.

Tata Overnight Fund Direct - Growth returns of last 1-year are 5.73%. Since launch, it has delivered 5.14% average annual returns.
Tata 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 above 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	4,454 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Amit Somani

Mr.Somani is a B.Com, PGDBM and CFA. Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.

Investment objective

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

Tata Mutual Fund details

No. of schemes	61 view all schemes
Total AUM	2,25,719 Cr as on Dec 31, 2025
Address	9th Floor, Mafatlal Centre, Nariman Point, Mumbai, 400021
Email	service@tataamc.com
Phone	1800-209-0101

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See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Tata Overnight Fund Direct - Growth?

The current Net Asset Value (NAV) of the Tata Overnight Fund - Direct Growth plan is approximately ₹1410.6829 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Tata Overnight Fund Direct - Growth is a 6 yrs 10 m old fund and has delivered average annual returns of 5.14% since inception.

Tata Overnight Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
5.71%	6.4%	5.47%	5.14%

How much does this mutual fund charge as expense ratio?

The Tata Overnight Fund - Direct Growth has an expense ratio of 0.05%, 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 Tata Overnight Fund currently has assets under management (AUM) or fund size valued at approximately 4,454 Cr as on Dec 31, 2025.

To whom does Tata Overnight Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	3.13%

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 Tata Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	96.87%
SOV	3.13%

What is risk level of Tata 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 Tata Overnight Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

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 Tata Overnight Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Tata Overnight Fund is complete.

How can I redeem my investments in Tata Overnight Fund?

Redeeming your investments in the Tata 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

Return Consistency: This fund is one of the best in generating consistent return in it's category.
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.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.