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​​​​​​​​​​​​​​​​​​ ​​​​​Home Products By Asset Class LIQUID FUNDS > ​ Nippon India Overnight Fund.​  ​​​​​​​​​

Nippon India Overnight Fund

An open-ended debt scheme investing in overnight securities. Relatively Low Interest Rate Risk and Relatively Low Credit Risk

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This product is suitable for investors who are seeking*:

  • Income over short term
  • Investment in debt & money market instruments with overnight maturity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Overnight Fund

Benchmark Riskometer

CRISIL Liquid Overnight Index

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  • Investment Objective:
    To generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (21 May 2024)129.0809


NAV as on April 30, 2024: `128.6021

Performance of Nippon India Overnight Fund as on 30/04/2024
Particulars Simple Annualised %
CAGR %
7 Days15 Days30 Days1 Year3 Years5 YearsSince Inception%
Nippon India Overnight Fund6.566.456.436.705.184.684.80
B:CRISIL Liquid Overnight Index6.696.576.536.835.334.814.92
AB:Crisil 1 Yr T-Bill Index6.606.617.607.085.245.565.72
Value of `10000 Invested
Nippon India Overnight Fund10,01010,02410,05010,67211,63812,57512,860
B:CRISIL Liquid Overnight Index10,01110,02410,05010,68511,68712,65412,945
AB:Crisil 1 Yr T-Bill Index10,01110,02510,05810,71011,65713,10813,481
Inception Date: Dec 18, 2018
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Anju Chajjer (Since Dec 2018) , Siddharth Deb (Since Mar, 2022)

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER:Anju Chhajer

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Arbitrage Fund7.548.015.515.815.195.06
Nippon India Money Market Fund7.517.445.845.606.035.44
Nippon India Liquid Fund7.207.355.475.635.185.23
Nippon India Floating Rate Fund7.186.975.445.206.906.43
Nippon India Low Duration Fund6.847.385.345.685.766.22

Note:

a.Ms. Anju Chhajer manages 6 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan) .

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Ms. Anju Chhajer has been managing Nippon India Low Duration Fund since Oct 2009, Nippon India Liquid Fund since Oct 2013, Nippon India Overnight Fund since Dec 2018, Nippon India Arbitrage Fund since Feb 2020, Nippon India Money Market Fund since Feb 2020, Nippon India Floating Rate Fund since Feb 2020.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER : Siddharth Deb

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India Liquid Fund7.207.355.475.635.185.23
Nippon India ETF Nifty CPSE Bond Plus SDL Sep 2024 50:507.067.265.155.39NANA
Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund6.907.22NANANANA
Bottom 3
Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund6.136.53NANANANA
Nippon India ETF Nifty 1D Rate Liquid BeES5.926.844.325.333.744.81
Nippon India ETF Hang Seng BeES-5.78-5.04-9.36-8.73-4.11-3.36

Note:

a. Siddharth Deb manages 15 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided hereinare on the basis of 1 Year CAGR returns.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure.

@ The performance details provided herein are of Growth Plan (Regular Plan).

* The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's

Mr. Siddharth Deb has been managing Nippon India ETF Nifty 1D Rate Liquid BeES* since Nov 2012, Nippon India ETF Hang Seng BeES* since Nov 2016, Nippon India ETF Nifty CPSE Bond Plus SDL Sep 2024 50:50* since Mar 2021, Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight* since Mar 2021, Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt* since Mar 2021, Nippon India ETF Nifty 5 yr Benchmark G-Sec* since Apr 2021, Nippon India Liquid Fund since Mar 2022, Nippon India Overnight Fund since Mar 2022, Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund since Mar 2022, Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund since Oct 2022, Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund since Nov 2022, Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund since Dec 2022, Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund since Dec 2022, Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund since Feb 2023, Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund since Mar 2023.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized (CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year. Dividend (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).











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Fund Details

  • Inception Date18 Dec 2018
  • Fund ManagerMr. Siddharth Deb | Ms. Anju Chhajer
Current Investment Philosophy
    • The fund endeavours to provide investors with income commensurate with relatively low risk along with higher liquidity by investing in debt and money market instruments maturing on or before next business day. It is suitable for investors with an investment horizon of 1 day to 7 days.
Minimum Investment
100.00

    and in multiples of Re.1 thereafter

Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

Nil

Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income over short term
  • Investment in debt & money market instruments with overnight maturity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

PRC Matrix

Potential Risk Class
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest Rate Risk
Relatively Low (Class I) A-I
Moderate (Class II)
Relatively High (Class III)


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