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Nippon India Overnight Fund - Direct Plan - Growth Option is a debt scheme managed by Nippon India Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 5.99%, with the bottom and top quartiles at 5.08% and 6.40% respectively. It has ranked in the top half of its category for 2 of the last 2 reported years. The total expense ratio is 0.15% on assets of ₹6,199Cr. The fund is currently managed by Vikash Agarwal, appointed within the last year.
Lower is better.
| Holding | Sector | Weight |
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| Window | Min | P25 | Median |
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Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
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Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| 91 Days Tbill | Others | 0.81% |
| 182 Days Tbill | Others | 0.24% |
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
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| Positive % |
|---|
| 1Y | 3.07% | 3.88% | 5.96% | 6.68% | 6.82% | 100.0% |
| 3Y | 4.14% | 5.08% | 5.99% | 6.40% | 6.49% | 100.0% |
| 5Y | 5.15% | 5.27% | 5.40% | 5.51% | 5.61% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 1.1% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Debt.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
| 5Y |
|---|
| Star |
|---|
| BANK OF INDIA Overnight Fund Direct Plan Growth | Bank of India Mutual Fund | ₹43 Cr | 0.09% | +6.37% | +5.72% | 5★ |
| Axis Overnight Fund - Direct Plan - Growth Option | Axis Mutual Fund | ₹11,374 Cr | 0.10% | +6.25% | +5.62% | 3★ |
| Baroda BNP Paribas Overnight Fund - Direct Plan - Growth | Baroda BNP Paribas Mutual Fund | ₹867 Cr | 0.10% | +6.23% | +5.60% | 5★ |
| Mirae Asset Overnight Fund Direct Plan Growth | Mirae Asset Mutual Fund | ₹1,389 Cr | 0.10% | +6.23% | +5.62% | 4★ |
| DSP Overnight Fund - Direct Plan - Growth | DSP Mutual Fund | ₹2,116 Cr | 0.15% | +6.22% | +5.60% | 3★ |
| Union Overnight Fund - Direct Plan - Growth Option | Union Mutual Fund | ₹411 Cr | 0.19% | +6.22% | +5.59% | 5★ |
| BANDHAN Overnight Fund - Direct Plan - Growth | Bandhan Mutual Fund | ₹632 Cr | 0.13% | +6.22% | +5.59% | 3★ |
| Invesco India Overnight Fund - Direct Plan - Growth | Invesco Mutual Fund | ₹337 Cr | 0.07% | +6.22% | +5.58% | 4★ |
| Mahindra Manulife Overnight Fund - Direct Plan -Growth | Mahindra Manulife Mutual Fund | ₹128 Cr | 0.16% | +6.22% | +5.60% | 5★ |
| UTI - Overnight Fund - Direct Plan - Growth Option | UTI Mutual Fund | ₹5,731 Cr | 0.12% | +6.21% | +5.59% | 4★ |