Nippon India Overnight Fund Direct Growth

Nippon India Overnight Fund Direct Growth is a debt fund. This fund was started on 18 December, 2018. The fund is managed by Vikash Agarwal. This fund is suitable to keep your money safe.

1. Nippon India Overnight Fund Direct Growth has ₹7069 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.
   

Nippon India 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 6.29%, 6.50% and 5.25% respectively.

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

To generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

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