DSP Overnight Fund Direct Growth

DSP Overnight Fund Direct Growth is a debt fund. This fund was started on 9 January, 2019. The fund is managed by Shalini Vasanta, Karan Mundhra. This fund is suitable to keep your money safe.

1. DSP Overnight Fund Direct Growth has ₹1571 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

DSP Overnight Fund Direct Growth has given a CAGR return of 5.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.26%, 6.47% and 5.24% respectively.

DSP Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 182 Days Tbill, 364 DTB 15082025, 91 Days Tbill (Md 28/08/2025)

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.

The primary objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Overnight Fund Direct Growth has no lock in period.