Zerodha Overnight Fund Direct - Growth

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.175+0.01% 1 day change	1.53%	#NA View Ranked Funds	₹57 Cr

Historical NAV & returns

NAV: ₹10.175 as on Jul 21, 2025

This fund Category average

Zerodha Overnight Fund overview

Expense ratio	0.08% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹57 Cr
Lock-in Period	Nil
Age	4 m since Mar 19, 2025
Benchmark	NIFTY 1D Rate Index
Min. investment	This scheme is currently not buyable
Risk	NA
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Zerodha 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 12, 2025

Period	This fund	Category average
1 Month	0.35%	0.36%
3 Months	1.33%	1.36%

Asset allocationas on May 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 97.82524875%

SOV 2.17475124%

Top Debt Holdings

Reserve Bank of India 2.17%

Allocation by Instruments

Reverse Repo 97.78990492%

Treasury Bills 2.17475124%

Net Receivables 0.03534383%

Other Holdings

Others 0.04%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Zerodha Overnight Fund	N.A.	57 Cr	4 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
Zerodha Overnight Fund	0.35%	N.A.	N.A.	N.A.	N.A.	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
Zerodha Overnight Fund	N.A.	N.A.	N.A.	N.A.
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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Zerodha Overnight Fund in detail with

About this fund

About Zerodha Overnight Fund

Zerodha Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Zerodha Mutual Fund. This fund has been in existence for 4 m, having been launched on 19/03/2025. Zerodha Overnight Fund Direct - Growth has ₹57 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 Zerodha Overnight Fund Direct - Growth as of 21/07/2025 is ₹10.18. The fund has an expense ratio of 0.08%, which is close to what most other Overnight funds charge.

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	57 Cr as on May 31, 2025
Scheme document	View Scheme Document

Investment objective

The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo).

Zerodha Mutual Fund details

No. of schemes	4 view all schemes
Total AUM	6,349 Cr as on Jun 30, 2025
Address	153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru, 560078

Frequently asked questions

What is the current NAV of Zerodha Overnight Fund?

The current Net Asset Value (NAV) of the Zerodha Overnight Fund - Direct Growth plan is approximately ₹10.175 as of Jul 21, 2025.

How much does this mutual fund charge as expense ratio?

The Zerodha 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 Zerodha Overnight Fund currently has assets under management (AUM) or fund size valued at approximately 57 Cr as on May 31, 2025.

To whom does Zerodha Overnight Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	2.17%

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 Zerodha Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	97.82524875%
SOV	2.17475124%

What is risk level of Zerodha Overnight Fund?

This is a Overnight fund comes with NA 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 Zerodha 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 Zerodha 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 Zerodha Overnight Fund is complete.

How can I redeem my investments in Zerodha Overnight Fund?

Redeeming your investments in Zerodha 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 Zerodha 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 3 Months .
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.