How to Invest in Axis Overnight Fund Growth?

You can easily invest in Axis Overnight Fund 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 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 Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Overnight Fund Growth provide?

The Axis Overnight Fund Growth has been there from 15 Mar 2019 and the average annual returns provided by this fund is 5.75% since its inception.

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

The term Expense Ratio used for Axis Overnight Fund 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 Growth is 0.11% as of 20 Jan 2026...

What is the AUM of Axis Overnight Fund Growth?

The AUM, short for Assets Under Management of Axis Overnight Fund Growth is ₹10,194.87Cr as of 20 Jan 2026.

How to Redeem Axis Overnight Fund Growth?

If you want to sell your Axis Overnight Fund 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 Growth?

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

What is the NAV of Axis Overnight Fund Growth?

The NAV of Axis Overnight Fund Growth is ₹1,406.62 as of 19 Jan 2026.

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

The PE ratio ratio of Axis Overnight Fund 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).

Stocks

Invest in Stocks

Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.

Intraday

Monitor top intraday performers in real time

ETF Screener

Get the best of Mutual Funds and flexibility of Stocks

IPO

Track upcoming and ongoing IPOs

MTFs

Buy now, pay later

Stock Screener

Filter based on RSI, PE ratio and more

Stock Events

Dividends, bonus, buybacks and more

Demat Account

Begin your stock market journey

Share Market Today

Live news updates from stock market

F&O

Trade in Futures & Options

Trade in F&O using the terminal. View charts, indicators, track your orders , P&L and watchlists in a single space

Indices

Track markets across the globe

Terminal

Track charts, orders, positions, watchlists in one place

Option chain

Analyse chains, view payoffs, create baskets

Pledge

Get extra balance for trading

Commodities

Trade in Crude Oil, Gold, Silver and more

API trading

Set up and execute trades through our API

Mutual Funds

Invest in Mutual Funds

Invest in direct mutual funds at zero charges via lump sump investments or SIPs

Mutual Fund Houses

Know about AMCs, funds, fund managers

NFO’s

Track all active NFOs in one place

Mutual Funds by Groww

Mutual funds by Groww designed for your investment goals

Start SIP

Build long-term wealth through disciplined monthly investing.

Mutual Funds screener

Filter funds based on risk, fund size and more

Track Funds

Import funds and track all investments in a single place

Compare Funds

SIP calculator

Estimate returns on a SIP

Brokerage calculator

Estimate charges for your trade/investment

Margin calculator

Estimate balance needed to buy/sell a stock

SWP calculator

Returns on your systematic withdrawal plan

Pricing

Brokerage and charges on Groww

Blog

Axis Overnight Fund Growth

Name: Axis Overnight Fund Growth
Brand: Axis Mutual Fund

Debt

Overnight

Low Risk

+6.38%

3Y annualised

+0.01% 1D

All

NAV: 19 Jan '26

₹1,406.62

Min. SIP amount

Not Supported

Fund size

₹10,194.87 Cr

Expense ratio

0.11%

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

Not Supported

Min. for 2nd investment

Not Supported

Min. for SIP

Not Supported

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+5.8%	+6.4%	+5.4%	+5.1%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	2	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 Growth	+5.75%	+6.38%	10,194.87
	UTI Overnight Fund Plan Growth	+5.70%	+6.34%	3,759.66
	DSP Overnight Fund Growth	+5.67%	+6.32%	2,659.27
	ICICI Prudential Overnight Fund Growth	+5.68%	+6.31%	10,445.07
	Bajaj Finserv Overnight Fund Growth	+5.74%	--	965.36
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 Conservative Hybrid Fund Growth

Axis Strategic Bond Fund Growth

Axis Liquid Fund Growth

Axis Ultra Short Duration Fund Growth

Axis Liquid Fund Retail Growth

Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF Growth

Axis Arbitrage Fund Growth

Axis Gilt Fund Growth

Axis Nifty SDL September 2026 Debt Index Fund Growth

Axis Overnight Fund Growth

Axis Money Market Fund Growth

Axis Fixed Term Plan Series 113 (1228 Days) Growth

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

Axis Income Plus Arbitrage Passive FoF Growth

About Axis Overnight Fund Growth

Axis Overnight Fund 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,54,746 Cr and the Latest NAV as of 19 Jan 2026 is ₹1,406.62. The Axis Overnight Fund Growth is rated Low risk. ;

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)