How to Invest in Edelweiss Overnight Fund Direct Growth?

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

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

The Edelweiss Overnight Fund Direct Growth has been there from 24 Jul 2019 and the average annual returns provided by this fund is 5.70% since its inception.

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

The term Expense Ratio used for Edelweiss 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 Edelweiss Overnight Fund Direct Growth is 0.11% as of 19 Jan 2026...

What is the AUM of Edelweiss Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Edelweiss Overnight Fund Direct Growth is ₹145.80Cr as of 19 Jan 2026.

How to Redeem Edelweiss Overnight Fund Direct Growth?

If you want to sell your Edelweiss 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 Edelweiss Overnight Fund Direct Growth?

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

What is the NAV of Edelweiss Overnight Fund Direct Growth?

The NAV of Edelweiss Overnight Fund Direct Growth is ₹1,379.58 as of 18 Jan 2026.

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

The PE ratio ratio of Edelweiss 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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Edelweiss Overnight Fund Direct Growth

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

Debt

Overnight

Low Risk

+6.34%

3Y annualised

+0.01% 1D

All

NAV: 18 Jan '26

₹1,379.58

Min. SIP amount

₹100

Fund size

₹145.80 Cr

Expense ratio

0.11%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,494	+2.49%
3 years	₹1,80,000	₹1,96,518	+9.18%
5 years	₹3,00,000	₹3,47,009	+15.67%

Holdings (1)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	4.53%

Minimum investments

Min. for 1st investment

₹100

Min. for 2nd investment

₹100

Min. for SIP

₹100

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+5.7%	+6.3%	+5.4%	+5.1%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	24	25	24	--

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

KK
Kedar Karnik
Jan 2026 - Present
View details

Education

Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience

Prior to joining Edelwiess Mutual Fund he was associated with DSP MF, Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Also manages these schemes

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Edelweiss Multi Asset Allocation Fund Direct Growth

HR
Hetul Raval
Jul 2024 - Present
View details

Education

Mr. Hetul Raval has completed his MMS in Finance.

Experience

Prior to joining Edelweiss Mutual Fund, he has worked with A. K. Capital Finance Ltd., A.K. Stockmart Pvt. Ltd. and Kotak Mahindra Bank Ltd.

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About Edelweiss Overnight Fund Direct Growth

Edelweiss Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was made available to investors on 30 Apr 2008. Kedar Karnik is the Current Fund Manager of Edelweiss Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,68,087 Cr and the Latest NAV as of 18 Jan 2026 is ₹1,379.58. The Edelweiss Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;