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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Axis Overnight Fund Direct IDCW Weekly
+6.25%
3Y annualised
+0.01% 1D
NAV: 07 Jun '26
₹1,001.54
Min. for SIP
Not Supported
Fund size (AUM)
₹11,375.85 Cr
Expense ratio
0.10%
Rating
5
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹30,321 | +1.07% | |
| 1 year | ₹60,000 | ₹61,448 | +2.41% | |
| 3 years | ₹1,80,000 | ₹1,95,975 | +8.88% | |
| 5 years | ₹3,00,000 | ₹3,47,525 | +15.84% |
Holdings (7)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 1.71% |
| Reserve Bank of India | Financial | T-Bills | 1.31% |
| Reserve Bank of India | Financial | T-Bills | 0.92% |
| Reserve Bank of India | Financial | T-Bills | 0.66% |
| Reserve Bank of India | Financial | T-Bills | 0.44% |
| Reserve Bank of India | Financial | T-Bills | 0.22% |
| Reserve Bank of India | Financial | T-Bills | 0.04% |
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +5.4% | +6.3% | +5.6% | +5.2% |
| Category average (Debt Overnight) | +5.7% | +6.3% | +5.3% | -- |
| Rank (Debt Overnight) | 5 | 3 | 2 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
| +5.38% | +6.25% | 11,375.85 | |
| Compare | ||||
Fund management
SJSachin JainNov 2021 - PresentView details
SJ
Sachin Jain
Nov 2021 - Present
View details
HSHardik SatraNov 2024 - PresentView details
HS
Hardik Satra
Nov 2024 - Present
View details
About Axis Overnight Fund Direct IDCW Weekly
Axis Overnight Fund Direct IDCW Weekly is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Sachin Jain is the Current Fund Manager of Axis Overnight Fund Direct IDCW Weekly fund. The fund currently has an Asset Under Management(AUM) of ₹3,66,023 Cr and the Latest NAV as of 07 Jun 2026 is ₹1,001.54.
The Axis Overnight Fund Direct IDCW Weekly is rated Low risk. Minimum Lumpsum Investment is ₹5,000.
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Investment Objective
The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Fund benchmarkNIFTY 1D Rate Index
Fund house
Rank (total assets)#7 in India
Total AUM₹3,66,022.79 Cr
Date of Incorporation04 Sep 2009
Launch Date04 Sep 2009
Address23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,