3 Year return

Launched on January 2013 (11 years)

Investment Details


Minimum SIP Amount


Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund


Your Investment ₹3,00,000
  • Total Value


Your Investment
  • Total Value

Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹15032.54 Cr.

Expense Ratio

0.07% (inclusive of GST)

Exit Load



ARQ Rating

Ratings by other agencies


Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings


SBI Mutual Fund Managers


R Arun

Fund Manager since May 2018

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Overnight Fund Direct Plan Growth

SBI Overnight Fund Direct Growth is a Debt Mutual Fund Scheme introduced by SBI Mutual Fund. Geared towards minimising interest rate risk and credit risk, this scheme offers investors a secure avenue for short-term investments. The fund's portfolio includes a diverse range of securities with varying maturity periods. The calculation of duration reflects the sensitivity of these securities' average maturity concerning changes in interest rates. Notably, the fund boasts an expense ratio that is below the average expense ratio for its category, enhancing its cost-effectiveness.

Investment Objective of the Scheme

The primary goal of SBI Overnight Fund Direct Plan Growth is to provide investors with an avenue for investing in overnight securities set to mature on the subsequent business day. This investment approach aligns with the objective of offering secure and short-term investment opportunities while minimising risk exposure. The fund aims to achieve this by carefully selecting a diversified range of overnight securities.

Key Features of The Fund

5-year return 4.76%
Expense Ratio 0.07%
Fund Manager R Arun
Fund Size ₹15032.54 Cr
Risk Profile Low

Is This Scheme Right for Me?

SBI Overnight Fund Direct Plan Growth suits investors seeking consistent returns over a short-term horizon through investments in overnight securities. As these securities mature promptly on the next business day, the fund offers an avenue for individuals desiring regular income and stability. If you have a short-term investment outlook and are inclined towards instruments with lower risk profiles, this fund could potentially align well with your financial objectives. It's essential for potential investors to review the fund's prospectus and associated documentation to get a comprehensive understanding of its attributes, benefits, and potential risks.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 33331800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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What is today's NAV of SBI Overnight Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Overnight Fund Jun 12 2024 is 3946.6453

What is the AUM of SBI Overnight Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Overnight Fund is 15032.54 crore.

What is the expense ratio of SBI Overnight Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Overnight Fund is 0.07%

What are the returns of SBI Overnight Fund since inception?

The SBI Overnight Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 6.23 since inception.

What is the minimum SIP amount to invest in SBI Overnight Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Overnight Fund is 2000.

How do I invest in SBI Overnight Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Overnight Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Overnight Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Overnight Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.