How to Invest in Shriram Overnight Fund Direct Growth?

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

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

The Shriram Overnight Fund Direct Growth has been there from 26 Aug 2022 and the average annual returns provided by this fund is 5.65% since its inception.

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

The term Expense Ratio used for Shriram 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 Shriram Overnight Fund Direct Growth is 0.11% as of 20 Jan 2026...

What is the AUM of Shriram Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Shriram Overnight Fund Direct Growth is ₹235.86Cr as of 20 Jan 2026.

How to Redeem Shriram Overnight Fund Direct Growth?

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

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

What is the NAV of Shriram Overnight Fund Direct Growth?

The NAV of Shriram Overnight Fund Direct Growth is ₹12.32 as of 19 Jan 2026.

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

The PE ratio ratio of Shriram 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

Shriram Overnight Fund Direct Growth

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

Debt

Overnight

Low Risk

+6.32%

3Y annualised

+0.01% 1D

All

NAV: 19 Jan '26

₹12.32

Min. SIP amount

₹1,000

Fund size

₹235.86 Cr

Expense ratio

0.11%

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	₹61,756		+2.93%

Holdings (1)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	2.12%

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹1,000

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)	--	29	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	+5.79%	+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

AM
Amit Modani
Nov 2025 - Present
View details

Education

Mr. Modani is Chartered Accountant

Experience

Prior to joining Shriram AMC, he has worked with Mirae Asset Mutual Fund, BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.

Also manages these schemes

Shriram Money Market Fund Direct Growth

Shriram Liquid Fund Direct Growth

Shriram Balanced Advantage Fund Direct Growth

Shriram Aggressive Hybrid Fund Direct Growth

Shriram Multi Asset Allocation Fund Direct Growth

Mirae Asset Short Duration Fund Direct Growth

Shriram Overnight Fund Direct Growth

SSM
Sudip Suresh More
Oct 2024 - Present
View details

Education

Mr. More has done B.E. (EXTC), MMS (Finance) and FRM

Experience

Prior to joining Shriram Mutual Fund, he has worked with Kshema General Insurance Company and Sahara India Life Insurance Company Ltd.

Also manages these schemes

Shriram Multi Asset Allocation Fund Direct Growth

Shriram Money Market Fund Direct Growth

Shriram Liquid Fund Direct Growth

Shriram Balanced Advantage Fund Direct Growth

Shriram Aggressive Hybrid Fund Direct Growth

Shriram Overnight Fund Direct Growth

About Shriram Overnight Fund Direct Growth

Shriram Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Shriram Mutual Fund. This scheme was made available to investors on 05 Dec 1994. Amit Modani is the Current Fund Manager of Shriram Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,054 Cr and the Latest NAV as of 19 Jan 2026 is ₹12.32. The Shriram Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. ;

Investment Objective

The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market instruments with overnight maturity.

Fund benchmarkCRISIL Liquid Overnight Index

Scheme Information Document(SID)