JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal
Get the latest NAV of JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal. 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.
₹1000.00
NAV as on 14 Sep 2025
4.72%/per year
Since Inception
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JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal Performance vs. Overnight Index
Fund returns vs Benchmark returns vs Category Average returns as on (14-Sep-25)
The fund has consistently outperformed the benchmark (Overnight Index) over the last 1Y, 3Y, 5Y time periods.
Peer comparison
JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
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Profit
Total Corpus
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JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal Asset Allocation
See fund asset allocation details as on (14-Sep-25)
Fund Distribution
as on (14-Sep-25)
JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal Sector Allocation
See fund sector allocation details as on (14-Sep-25)
Sector Allocation
JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Overnight TR INR |
| AUM | ₹129 Cr |
| Inception Date | 3 December, 2019 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 202.03% |
| Risk |   Low Risk |
About JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal
JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal is a debt fund. This fund was started on 3 December, 2019. The fund is managed by Killol Pandya, Jayant Dhoot, Ruchi Fozdar. This fund is suitable to keep your money safe.
Key Parameters
- JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal has ₹129 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal has given a CAGR return of 4.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.89%, 6.26% and 5.02% respectively.
Holdings
JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent. Its top holdings are
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 JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document carefully and also note that there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal has no lock in period.
Fund Manager
Killol Pandya
Fund Manager of JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal, since 5 November 2024
Jayant Dhoot
Fund Manager of JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal, since 1 August 2025
Ruchi Fozdar
Fund Manager of JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal, since 3 April 2024
- AUM of the fund stands at 129.3 Cr as of Aug'25
- AUM decreased by 12 Cr between Aug'25 and Jul'25
Frequently Asked Questions for JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal
How do I invest in JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal?
- Download the INDmoney app.
- Search for ‘JM Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital withdrawal’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.