How to Invest in Nippon India Overnight Fund Direct Growth?

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

What kind of returns does Nippon India Overnight Fund Direct Growth provide?

The Nippon India Overnight Fund Direct Growth has been there from 18 Dec 2018 and the average annual returns provided by this fund is 5.79% since its inception.

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

The term Expense Ratio used for Nippon India 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 Nippon India Overnight Fund Direct Growth is 0.08% as of 19 Jan 2026...

What is the AUM of Nippon India Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Nippon India Overnight Fund Direct Growth is ₹6,806.38Cr as of 19 Jan 2026.

How to Redeem Nippon India Overnight Fund Direct Growth?

If you want to sell your Nippon India 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 Nippon India Overnight Fund Direct Growth?

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

What is the NAV of Nippon India Overnight Fund Direct Growth?

The NAV of Nippon India Overnight Fund Direct Growth is ₹143.26 as of 18 Jan 2026.

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

The PE ratio ratio of Nippon India 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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Nippon India Overnight Fund Direct Growth

Name: Nippon India Overnight Fund Direct Growth
Brand: Nippon India Mutual Fund

Debt

Overnight

Low Risk

+6.42%

3Y annualised

+0.01% 1D

All

NAV: 18 Jan '26

₹143.26

Min. SIP amount

₹100

Fund size

₹6,806.38 Cr

Expense ratio

0.08%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,801	+3.00%
3 years	₹1,80,000	₹1,97,951	+9.97%
5 years	₹3,00,000	₹3,46,335	+15.45%

Holdings (6)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	1.83%
Reserve Bank of India	Financial	T-Bills	1.47%
Reserve Bank of India	Financial	T-Bills	1.10%
Reserve Bank of India	Financial	T-Bills	0.73%
Reserve Bank of India	Financial	T-Bills	0.44%
Reserve Bank of India	Financial	T-Bills	0.37%

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	+5.8%	+6.4%	+5.5%	+5.2%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	5	5	4	--

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

VA
Vikash Agarwal
Apr 2025 - Present
View details

Education

Mr. Agarwal is a B.Com., CA, CFA

Experience

Prior to joining Nippon AMC, he has worked with HDFC AMC, Larsen & Toubro Ltd.

Also manages these schemes

Nippon India Liquid Fund Direct Growth

Nippon India Fixed Maturity Plan XLIII Series 1 Direct Growth

Nippon India Arbitrage Fund Direct Growth

Nippon India Overnight Fund Direct Growth

Nippon India Fixed Maturity Plan XLV Series 5 Direct Growth

Nippon India Annual Interval Fund Series I Institutional Plan Direct Growth

Nippon India Fixed Maturity Plan XLIV Series 4 Direct Growth

Nippon India Floater Fund Direct Growth

Nippon India Quarterly Interval Fund Series II Retail Plan Direct Growth

Nippon India Income Plus Arbitrage Active FoF Direct Growth

Nippon India Money Market Fund Direct Growth

Nippon India Fixed Maturity Plan XLV Series 4 Direct Growth

About Nippon India Overnight Fund Direct Growth

Nippon India Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Vikash Agarwal is the Current Fund Manager of Nippon India Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,11,423 Cr and the Latest NAV as of 18 Jan 2026 is ₹143.26. The Nippon India Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;

Investment Objective

The scheme seeks to generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity.

Fund benchmarkCRISIL Liquid Overnight Index

Scheme Information Document(SID)