Skip to main content
MutualFundsByCAGR logoMutualFundsByCAGR

Best Overnight Fund Mutual Funds

Overnight funds hold securities maturing in a single day, which makes them the lowest-risk mutual fund category available. They are a cash-management tool, not a return-seeking investment.

We currently track 77 direct-plan Overnight Fund schemes from 40 fund houses with a median 5-year CAGR of 5.7%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.

Showing 50 of 77 schemes · sorted by Y5 low to high · page 1 of 2

Rank by1Y CAGR3Y CAGR5Y CAGR10Y CAGR
Sort by1M6M1Y3Y5Y, sorted low to high10Y

Overnight Fund funds — frequently asked questions

Which Overnight Fund fund has the highest 5-year CAGR?

BANK OF INDIA OVERNIGHT FUND - Direct Plan - Growth currently leads the Overnight Fund category with a 5-year CAGR of 5.9%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.

What is a good 5-year return for a Overnight Fund fund?

Across the 77 Overnight Fund schemes we track, the median 5-year CAGR is 5.7%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.

How is CAGR calculated on this page?

CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.

Why does this list only show direct plans?

Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.