How to Invest in Axis Overnight Fund Direct Growth?

You can easily invest in Axis Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Axis Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Axis Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Overnight Fund Direct Growth provide?

The Axis Overnight Fund Direct Growth has been there from 15 Mar 2019 and the average annual returns provided by this fund is 5.80% since its inception.

How much expense ratio is charged by Axis Overnight Fund Direct Growth?

The term Expense Ratio used for Axis Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Axis Overnight Fund Direct Growth is 0.07% as of 19 Jan 2026...

What is the AUM of Axis Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Axis Overnight Fund Direct Growth is ₹10,194.87Cr as of 19 Jan 2026.

How to Redeem Axis Overnight Fund Direct Growth?

If you want to sell your Axis Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of Axis Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Axis Overnight Fund Direct Growth?

The NAV of Axis Overnight Fund Direct Growth is ₹1,411.53 as of 18 Jan 2026.

What is the PE and PB ratio of Axis Overnight Fund Direct Growth?

The PE ratio ratio of Axis Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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Axis Overnight Fund Direct Growth

Name: Axis Overnight Fund Direct Growth
Brand: Axis Mutual Fund

Debt

Overnight

Low Risk

+6.43%

3Y annualised

+0.01% 1D

All

NAV: 18 Jan '26

₹1,411.53

Min. SIP amount

Not Supported

Fund size

₹10,194.87 Cr

Expense ratio

0.07%

Return calculator

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,583	+2.64%
3 years	₹1,80,000	₹1,97,200	+9.56%
5 years	₹3,00,000	₹3,47,641	+15.88%

Holdings (7)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	1.47%
Reserve Bank of India	Financial	T-Bills	1.13%
Reserve Bank of India	Financial	T-Bills	0.98%
Reserve Bank of India	Financial	T-Bills	0.49%
Reserve Bank of India	Financial	T-Bills	0.49%
Reserve Bank of India	Financial	T-Bills	0.49%
Reserve Bank of India	Financial	T-Bills	0.25%

Minimum investments

Min. for 1st investment

₹100

Min. for 2nd investment

₹100

Min. for SIP

Not Supported

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+5.8%	+6.4%	+5.5%	+5.2%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	4	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)
	Axis Overnight Fund Direct Growth	+5.80%	+6.43%	10,194.87
	Tata Overnight Fund Direct Growth	+5.80%	+6.42%	4,454.03
	Aditya Birla Sun Life Overnight Fund Direct Growth	+5.76%	+6.40%	8,421.31
	Kotak Overnight Fund Direct Growth	+5.77%	+6.40%	5,951.71
	Bandhan Overnight Fund Direct Growth	+5.76%	+6.40%	1,032.01
Compare

Fund management

SJ
Sachin Jain
Nov 2021 - Present
View details

Education

Mr. Jain is a B.Tech, AGMP (Management)

Experience

Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Also manages these schemes

Axis Liquid Direct Fund Growth

Axis Ultra Short Duration Fund Direct Growth

Axis Arbitrage Fund Direct Growth

Axis Overnight Fund Direct Growth

Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Axis Money Market Fund Direct Growth

Axis Gilt Fund Direct Plan Growth

Axis Conservative Hybrid Fund Direct Growth

Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Axis Strategic Bond Fund Direct Growth

HS
Hardik Satra
Nov 2024 - Present
View details

Education

Mr. Satra is a MBA (Financial Planning and Services)

Experience

Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.

Also manages these schemes

Axis Overnight Fund Direct Growth

Axis Income Plus Arbitrage Passive FoF Direct Growth

About Axis Overnight Fund Direct Growth

Axis Overnight Fund Direct Growth 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,54,746 Cr and the Latest NAV as of 18 Jan 2026 is ₹1,411.53. The Axis Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹100. ;

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

Scheme Information Document(SID)