Axis Overnight Fund Direct Growth
Get the latest NAV of Axis Overnight Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹1360.40
NAV as on 12 May 2025
5.1%/per year
Since Inception
▲▼
199 people have invested ₹ 2.4Cr in Axis Overnight Fund Direct Growth in the last three months
Fund Performance
as on (12-May-25)
Peer comparison
Axis Overnight Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Axis Overnight Fund Asset Allocation
as on (31-Dec-69)
Fund Distribution
as on (31-Dec-69)
Debt & Cash 100%
Axis Overnight Fund Sector Allocation
as on (31-Dec-69)
Sector Allocation
Debt & Cash 100%
Top Sector in March was Government
Government
2%
Government
1%
Axis Overnight Fund Holdings Details
as on (30-Apr-25)
Debt & Cash
Axis Overnight Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.05% |
Benchmark | Nifty 1D Rate TR INR |
| AUM | ₹9113 Cr |
| Inception Date | 6 March, 2019 |
| Min Lumpsum/SIP | ₹500/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 611.22% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low Risk |
About Axis Overnight Fund
Axis Overnight Fund Direct Growth is a debt fund. This fund was started on 6 March, 2019. The fund is managed by Sachin Jain. This fund is suitable to keep your money safe.
Key Parameters
- Axis Overnight Fund Direct Growth has ₹9113 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Axis Overnight Fund Direct Growth has given a CAGR return of 5.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.61%, 6.42% and 5.13% respectively.
Holdings
Axis Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 15052025, 364 DTB 23052025, 364 Days Tbill 2025, 91 Days Tbill Red 08-05-2025, 364 Days Tbill (Md 08/05/2025)
Taxation
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Axis Overnight Fund Direct Growth
The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. Axis Overnight Fund Direct Growth has no lock in period.
Fund Manager
Sachin Jain
Fund Manager of Axis Overnight Fund Direct Growth, since 9 November 2021
- AUM of the fund stands at 6.3K Cr as of Mar'25
- AUM decreased by 1.5K Cr between Mar'25 and Feb'25
More funds from Axis
5Y CAGR
▲ 6.61
3Y CAGR
▲ 8.62
1Y CAGR
▲ 11.44
5Y CAGR
▲ 6.78
Frequently Asked Questions for Axis Overnight Fund Direct Growth
What is the current NAV of Axis Overnight Fund Direct Growth?
What are the average returns of Axis Overnight Fund Direct Growth?
Axis Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.48% | 0.48% |
6 Month Returns | 3.2% | 3.2% |
1 Year Returns | 6.61% | 6.61% |
3 Years Returns | 20.52% | 6.42% |
How do I invest in Axis Overnight Fund Direct Growth?
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
What is the expense ratio of Axis Overnight Fund Direct Growth?
What is net assets under management (AUM) of Axis Overnight Fund Direct Growth?
What are the top 5 holdings of Axis Overnight Fund Direct Growth?
What is the yield to maturity ratio of Axis Overnight Fund Direct Growth?
What is the modified duration of Axis Overnight Fund Direct Growth?
What is the credit rating breakup of Axis Overnight Fund Direct Growth?
AAA | 100 |