How to Invest in Groww Overnight Fund Direct Growth?

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

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

The Groww Overnight Fund Direct Growth has been there from 08 Jul 2019 and the average annual returns provided by this fund is 5.64% since its inception.

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

The term Expense Ratio used for Groww 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 Groww Overnight Fund Direct Growth is 0.14% as of 23 Jan 2026...

What is the AUM of Groww Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Groww Overnight Fund Direct Growth is ₹15.42Cr as of 23 Jan 2026.

How to Redeem Groww Overnight Fund Direct Growth?

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

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

What is the NAV of Groww Overnight Fund Direct Growth?

The NAV of Groww Overnight Fund Direct Growth is ₹1,375.06 as of 22 Jan 2026.

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

The PE ratio ratio of Groww 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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Groww Overnight Fund Direct Growth

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

Debt

Overnight

Low Risk

+6.25%

3Y annualised

+0.01% 1D

All

NAV: 22 Jan '26

₹1,375.06

Min. SIP amount

₹500

Fund size

₹15.42 Cr

Expense ratio

0.14%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,481	+2.47%
3 years	₹1,80,000	₹1,96,421	+9.12%
5 years	₹3,00,000	₹3,46,438	+15.48%

Holdings (2)

Name	Sector	Instruments	Assets
GOI	Sovereign	GOI Sec	0.14%
GOI	Sovereign	GOI Sec	0.14%

Minimum investments

Min. for 1st investment

₹500

Min. for 2nd investment

₹500

Min. for SIP

₹500

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+5.6%	+6.3%	+5.3%	+5.0%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	28	30	26	--

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	+5.78%	+6.42%	10,194.87
	Tata Overnight Fund Direct Growth	+5.78%	+6.41%	4,454.03
	Kotak Overnight Fund Direct Growth	+5.75%	+6.40%	5,951.71
	Aditya Birla Sun Life Overnight Fund Direct Growth	+5.74%	+6.39%	8,421.31
	Bandhan Overnight Fund Direct Growth	+5.74%	+6.39%	1,032.01
Compare

Fund management

KS
Kaustubh Sule
May 2023 - Present
View details

Education

Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)

Experience

Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.

Also manages these schemes

Groww Gilt Fund Direct Growth

Groww Money Market Fund Direct Growth

Groww Multi Asset Allocation Fund Direct Growth

Groww Multi Asset Omni FoF Direct Growth

Groww Overnight Fund Direct Growth

Groww Dynamic Bond Fund Direct Growth

Groww Liquid Fund Direct Growth

Groww Aggressive Hybrid Fund Direct Growth

Groww Short Duration Fund Direct Growth

About Groww Overnight Fund Direct Growth

Groww Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Kaustubh Sule is the Current Fund Manager of Groww Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,619 Cr and the Latest NAV as of 22 Jan 2026 is ₹1,375.06. The Groww Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. ;

Investment Objective

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Fund benchmarkCRISIL Liquid Overnight Index

Scheme Information Document(SID)