How to Invest in NJ Overnight Fund Direct Growth?

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

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

The NJ Overnight Fund Direct Growth has been there from 01 Aug 2022 and the average annual returns provided by this fund is 5.67% since its inception.

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

The term Expense Ratio used for NJ 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 NJ Overnight Fund Direct Growth is 0.05% as of 20 Jan 2026...

What is the AUM of NJ Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of NJ Overnight Fund Direct Growth is ₹363.93Cr as of 20 Jan 2026.

How to Redeem NJ Overnight Fund Direct Growth?

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

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

What is the NAV of NJ Overnight Fund Direct Growth?

The NAV of NJ Overnight Fund Direct Growth is ₹1,234.58 as of 19 Jan 2026.

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

The PE ratio ratio of NJ 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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NJ Overnight Fund Direct Growth

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

Debt

Overnight

Low Risk

+6.32%

3Y annualised

+0.01% 1D

All

NAV: 19 Jan '26

₹1,234.58

Min. SIP amount

₹100

Fund size

₹363.93 Cr

Expense ratio

0.05%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Historic returns	Returns
1 year	₹60,000	₹61,487		+2.48%
3 years	₹1,80,000	₹1,96,464		+9.15%

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹500

Min. for SIP

₹100

Returns and rankings

Annualised returns

Absolute returns

Name	6M	1Y	3Y	All
Fund returns	+2.7%	+5.7%	+6.3%	+6.3%
Category average (Debt Overnight)	+2.6%	+5.7%	+6.3%	--
Rank (Debt Overnight)	--	27	27	--

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	+5.79%	+6.43%	10,194.87
	Tata Overnight Fund Direct Growth	+5.79%	+6.42%	4,454.03
	Aditya Birla Sun Life Overnight Fund Direct Growth	+5.75%	+6.40%	8,421.31
	Kotak Overnight Fund Direct Growth	+5.76%	+6.40%	5,951.71
	Bandhan Overnight Fund Direct Growth	+5.75%	+6.39%	1,032.01
Compare

Fund management

DP
Dhaval Patel
Mar 2023 - Present
View details

Education

Mr. Patel has done IBS from Hyderabad

Experience

Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.

Also manages these schemes

NJ Flexi Cap Fund Direct Growth

NJ Balanced Advantage Fund Direct Growth

NJ Overnight Fund Direct Growth

NJ Arbitrage Fund Direct Growth

NJ ELSS Tax Saver Scheme Direct Growth

VS
Viral Shah
Oct 2022 - Present
View details

Education

Mr. Shah has done B.E. and MBA (Finance)

Experience

Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.

Also manages these schemes

NJ Flexi Cap Fund Direct Growth

NJ Balanced Advantage Fund Direct Growth

NJ Overnight Fund Direct Growth

NJ Arbitrage Fund Direct Growth

NJ ELSS Tax Saver Scheme Direct Growth

About NJ Overnight Fund Direct Growth

NJ Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by NJ Mutual Fund. This scheme was made available to investors on 20 Apr 2021. Dhaval Patel is the Current Fund Manager of NJ Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,158 Cr and the Latest NAV as of 19 Jan 2026 is ₹1,234.58. The NJ Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. ;