How to Invest in LIC MF Overnight Fund Direct Growth?

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

What kind of returns does LIC MF Overnight Fund Direct Growth provide?

The LIC MF Overnight Fund Direct Growth has been there from 18 Jul 2019 and the average annual returns provided by this fund is 5.77% since its inception.

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

The term Expense Ratio used for LIC MF 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 LIC MF Overnight Fund Direct Growth is 0.07% as of 20 Jan 2026...

What is the AUM of LIC MF Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of LIC MF Overnight Fund Direct Growth is ₹794.50Cr as of 20 Jan 2026.

How to Redeem LIC MF Overnight Fund Direct Growth?

If you want to sell your LIC MF 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 LIC MF Overnight Fund Direct Growth?

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

What is the NAV of LIC MF Overnight Fund Direct Growth?

The NAV of LIC MF Overnight Fund Direct Growth is ₹1,382.63 as of 19 Jan 2026.

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

The PE ratio ratio of LIC MF 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).

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

LIC MF Overnight Fund Direct Growth

Name: LIC MF Overnight Fund Direct Growth
Brand: LIC Mutual Fund

Debt

Overnight

Low Risk

+6.39%

3Y annualised

+0.01% 1D

All

NAV: 19 Jan '26

₹1,382.63

Min. SIP amount

₹200

Fund size

₹794.50 Cr

Expense ratio

0.07%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,512	+2.52%
3 years	₹1,80,000	₹1,96,697	+9.28%
5 years	₹3,00,000	₹3,47,550	+15.85%

Holdings (3)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	3.14%
Reserve Bank of India	Financial	T-Bills	2.51%
Reserve Bank of India	Financial	T-Bills	1.89%

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹500

Min. for SIP

₹200

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+5.8%	+6.4%	+5.5%	+5.1%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	9	15	7	--

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

RS
Rahul Singh
Jul 2019 - Present
View details

Education

Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.

Experience

Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).

Also manages these schemes

LIC MF Money Market Fund Direct Growth

LIC MF Balanced Advantage Fund Direct Growth

LIC MF Overnight Fund Direct Growth

LIC MF Banking & PSU Fund Direct Growth

LIC MF Ultra Short Duration Fund Direct Growth

LIC MF Liquid Fund Direct Growth

LIC MF Gilt Fund Direct Growth

LIC MF Medium to Long Duration Fund Direct Growth

LIC MF Short Duration Fund Direct Growth

LIC MF Low Duration Fund Direct Growth

APD
Aakash Parash Dhulia
Sep 2025 - Present
View details

Education

PGDBM, Finance, NL Dalmia Institute of Management Studies and Research, Mumbai ,BE (Computer Science), Rajiv Gandhi Institute of Technology, Mumbai

Experience

Prior to joining the LIC MF , he was associated with IndiaFirst Life Insurance Co Limited, STCI Primary Dealer Ltd, Almondz Global Securities Ltd.

Also manages these schemes

LIC MF Overnight Fund Direct Growth

LIC MF Liquid Fund Direct Growth

About LIC MF Overnight Fund Direct Growth

LIC MF Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Rahul Singh is the Current Fund Manager of LIC MF Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹45,363 Cr and the Latest NAV as of 19 Jan 2026 is ₹1,382.63. The LIC MF Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000. ;

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/residual maturity of 1 business day.

Fund benchmarkNIFTY 1D Rate Index

Scheme Information Document(SID)