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NJ Overnight Fund - Regular Plan - Growth Option is a debt scheme managed by NJ Mutual Fund. Three-year compounded annual return is 6.04%, placing it in the 17th percentile of Debt peers. It has ranked in the top half of its category for 0 of the last 3 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 0.17% on assets of ₹361Cr. The fund is currently managed by Mr. Viral Shah, appointed within the last year.
Lower is better.
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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.
| 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.
| Clearing Corporation of India Ltd | Others | 99.37% |
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.
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 99.4% means the manager bets the fund's outcome on a small basket. 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.
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.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.
| 5Y |
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| Star |
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| BANK OF INDIA Overnight Fund Regular Plan Growth | Bank of India Mutual Fund | ₹43 Cr | 0.14% | +6.34% | +5.68% | 5★ |
| quant Overnight Fund - Growth Option - Regular Plan | Quant Mutual Fund | ₹64 Cr | 0.27% | +6.24% | — | 4★ |
| Axis Overnight Fund - Regular Plan - Growth Option | Axis Mutual Fund | ₹11,374 Cr | 0.14% | +6.21% | +5.57% | 3★ |
| Invesco India Overnight Fund - Regular Plan - Growth | Invesco Mutual Fund | ₹337 Cr | 0.12% | +6.16% | +5.53% | 3★ |
| UTI - Overnight Fund - Regular Plan - Growth Option | UTI Mutual Fund | ₹5,731 Cr | 0.18% | +6.16% | +5.54% | 3★ |
| Baroda BNP Paribas Overnight Fund - Regular Plan - Growth | Baroda BNP Paribas Mutual Fund | ₹867 Cr | 0.15% | +6.15% | +5.52% | 4★ |
| Nippon India Overnight Fund - Regular Plan - Growth Option | Nippon India Mutual Fund | ₹6,199 Cr | 0.23% | +6.15% | +5.52% | 2★ |
| DSP Overnight Fund - Regular Plan - Growth | DSP Mutual Fund | ₹2,116 Cr | 0.22% | +6.14% | +5.52% | 2★ |
| Mirae Asset Overnight Fund Regular Plan Growth | Mirae Asset Mutual Fund | ₹1,389 Cr | 0.20% | +6.14% | +5.52% | 2★ |
| Kotak Overnight Fund -Regular plan-Growth Option | Kotak Mahindra Mutual Fund | ₹7,487 Cr | 0.24% | +6.13% | +5.49% | 2★ |