HDFC Overnight Fund - Growth Option - Direct Plan
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*Past performance does not guarantee future returns. Returns are historical and subject to market risk.
Trailing returns (CAGR)
| 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| +0.09% | +0.43% | +1.24% | +2.55% | +5.39% | +6.21% | +5.51% | +5.39% |
🎯 OnePaisa Verdict
Breakdown
- Returns3/10
- Consistency6/10
- Risk1/10
- Cost10/10
- Size9/10
- Very low expense ratio (0.1%) — more of your money compounds for you
- Large, well-established fund (₹11K Cr AUM)
💡 Ratings are not guarantees. Past performance does not predict future results.
SIP Returns
Simulated ₹10,000/month systematic investment plan, computed from NAV history.
1 Year SIP
+5.59%
₹1.24 L value on ₹1.20 L invested
3 Year SIP
—
Not enough NAV history yet.
5 Year SIP
—
Not enough NAV history yet.
vs Category (Overnight)
This fund (1Y)
+5.39%
Rank #1 of 1
Category average (1Y)
+5.39%
Quartile Q4
Beats 0% of overnight funds on 1Y return.
Risk Analysis
- Std Deviation (1Y)0.07%Low
- Max Drawdown (1Y)0.00%Low
- Sharpe Ratio (1Y)-14.88Poor
- Sortino Ratio (1Y)0.00Poor
💡 Higher Sharpe = better risk-adjusted returns. Above 1.0 is good, above 2.0 is excellent. Drawdown is the worst peak-to-trough decline.
Calendar Year Returns
💰 What This Fund Costs You
Expense ratio: 0.10%
That is ₹100 per year on every ₹1 lakh invested.
10-year impact on ₹1 lakh (assuming 12% gross return)
Without this expense, ₹1 lakh would have grown to ₹3.11 L.
🎯 Is This Fund Right For You?
- Ideal horizon
- 1 day to 1 week
- Minimum: 1 day
- Risk profile
- Very Low
- SIP recommended
- ➖ Lump sum preferred
- Lump sum
Overnight securities. Virtually zero risk. Lowest return of all categories.
Suitable goals
- Overnight cash parking
- Ultra-short-term surplus
Suitable for
- Those needing money next day
- Zero-risk-tolerance investors
Not suitable for
- Anyone with even 1 week horizon (liquid fund is better)
🧾 Taxation
This is an Debt Fund.
- Short-term (Less than 2 years (listed) / 3 years (unlisted))
- As per income tax slab
- Long-term (2 years or more (listed))
- 12.5%
- LTCG exemption
- No exemption
- TDS
- No TDS for resident Indians on redemption
💡 Worked example
Invest ₹1,00,000 and gain ₹25,000 over 2 years:
- Tax type: LTCG (12.5% LTCG)
- Taxable gain: ₹25,000
- Tax owed: ₹3,125
- You keep: ₹1,21,875
Post-Budget 2025: listed debt funds held over 2 years qualify for 12.5% LTCG (no indexation). Unlisted debt funds need 3 years.
🚨 Things to Watch
Bottom quartile performer
Ranked #1 of 1 in its category (bottom 25%). Most peers are doing better.
Poor risk-adjusted returns
Sharpe ratio of -14.88 means you’re not being adequately compensated for the risk taken.
📊 SIP Calculator — HDFC Overnight Fund Option
Estimated corpus
₹3.46 L
- Total invested
- ₹3.00 L
- Estimated gain
- ₹46,074 (+15%)
How it stacks up vs alternatives
- Fixed Deposit (7%)₹3.60 L
- Category average (6.2%)₹3.53 L
- This fund (5.51%)₹3.46 L
⚠️ Projection based on past CAGR. Actual returns may vary. Markets are subject to risk; past performance is not a guarantee of future results.
▶Show Advanced Analysis
📈 Risk vs Return
Return 5.4% · Risk (std dev) 0.1%
Safe but slow
Stable but modest returns — suits capital preservation.
Sharpe ratio of -14.88 confirms poor risk-adjusted returns.
💸 Expense Impact (₹10K/month for 20 years at 12% gross)
- This fund — Direct (0.10%)₹98.57 L
- Index fund (0.10%)₹98.57 L
- Regular plan (~1.50%)₹81.76 L
Choosing this Direct plan over a Regular plan saves about ₹16.81 L. Index fund would still beat it by ₹0 thanks to its lower expense ratio.
Fund information
- Scheme category
- Debt Scheme - Overnight Fund
- Benchmark
- CRISIL Liquid Overnight TR INR
- Inception
- 2013-01-01
- Lock-in
- None
- Exit load
- -
- Plan
- Direct
- Option
- Growth
Data freshness
- NAV as of: 2026-10-22
- Metrics calculated: 2026-10-23
- Source: mfapi.in, AMFI India
NAV trend
See how a SIP grows in this fund
Use the SIP Calculator with this fund's historical CAGR to project a monthly investment.