How to Invest in SBI Overnight Fund Direct Growth?

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

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

The SBI Overnight Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.71% since its inception.

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

The term Expense Ratio used for SBI 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 SBI Overnight Fund Direct Growth is 0.08% as of 23 Jan 2026...

What is the AUM of SBI Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of SBI Overnight Fund Direct Growth is ₹23,323.84Cr as of 23 Jan 2026.

How to Redeem SBI Overnight Fund Direct Growth?

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

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

What is the NAV of SBI Overnight Fund Direct Growth?

The NAV of SBI Overnight Fund Direct Growth is ₹4,339.22 as of 22 Jan 2026.

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

The PE ratio ratio of SBI 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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SBI Overnight Fund Direct Growth

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

Debt

Overnight

Low Risk

+6.35%

3Y annualised

+0.01% 1D

All

NAV: 22 Jan '26

₹4,339.22

Min. SIP amount

₹2,000

Fund size

₹23,323.84 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	₹61,499	+2.50%
3 years	₹1,80,000	₹1,96,572	+9.21%
5 years	₹3,00,000	₹3,47,203	+15.73%
10 years	₹6,00,000	₹7,88,276	+31.38%

Holdings (5)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	1.07%
Reserve Bank of India	Financial	T-Bills	0.85%
Reserve Bank of India	Financial	T-Bills	0.64%
Reserve Bank of India	Financial	T-Bills	0.43%
Reserve Bank of India	Financial	T-Bills	0.21%

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹2,000

Returns and rankings

Annualised returns

Absolute returns

Name	3Y	5Y	10Y	All
Fund returns	+6.3%	+5.4%	+5.5%	+6.2%
Category average (Debt Overnight)	+6.3%	+5.3%	+5.4%	--
Rank (Debt Overnight)	22	20	1	--

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

RG
Ranjana Gupta
Dec 2024 - Present
View details

Education

She is a Commerce graduate from Mumbai University

Experience

Prior to joining SBI Mutaul Fund, She was heading the broking activities at Twentyfirst Century Shares and Securities Ltd from May 1995 to February 2008. She started her career as a dealer in 1995 with OTCEI.

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About SBI Overnight Fund Direct Growth

SBI Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Ranjana Gupta is the Current Fund Manager of SBI Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,56,070 Cr and the Latest NAV as of 22 Jan 2026 is ₹4,339.22. The SBI Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹2,000. Minimum Lumpsum Investment is ₹5,000. ;