Debt · Debt Scheme - Overnight Fund

Choice Overnight Fund

Choice · Direct Plan · Growth · as of 2026-10-22

₹101.54 +0.02% today

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Key metrics

Latest NAV

₹101.54

Day change

0.02%

Max drawdown

0.0%

Expense ratio

0.06%

Category rank

38 / 40

Further reading: Median maximum drawdown by fund category, measured across 1,767 funds

Trailing returns

Period	1W	1M	3M	6M	1Y	3Y	5Y	7Y	10Y
Return	0.11%	0.43%	1.27%	–	–	–	–	–	–

Returns up to 1Y are absolute; 1Y and longer are annualised (CAGR). Source: public AMFI NAV data.

NAV history

Chart shows the fund's available daily NAV history. Daily NAV data begins around 2006, so older funds may predate this range.

About this fund

Choice Overnight Fund is a overnight debt fund offered by Choice Mutual Fund, classified under Debt as Debt Scheme - Overnight Fund. Overnight funds are among the lowest-risk fund categories. Its latest NAV is ₹101.54.

Further reading: What a category rank actually tells you

Performance analysis

Choice Overnight Fund does not yet have a full one-year track record, so trailing returns are limited. The direct-plan base expense ratio is 0.06%, deducted daily from the NAV.

Further reading: Reading a fund page: what each number does and doesn't say

Rolling returns

Further reading: Why a single trailing return misleads, measured across 830 funds

Frequently asked questions

What does Choice Overnight Fund invest in?

It invests primarily in securities maturing in a single business day.

How is this fund classified?

It is a Debt Scheme - Overnight Fund fund in the Debt group.

How often is the NAV updated?

Mutual fund NAVs are declared by the AMC on every business day. This page sources NAV from public AMFI data and refreshes twice daily.

What is its expense ratio?

0.06% (direct plan, base expense ratio), deducted daily from the NAV. Some platforms quote a higher all-in Total TER — verify with the AMC.

How is the rolling return calculated?

Rolling return averages the fund's annualised return over every possible window of a given length across its history, rather than a single start-to-end period — reducing the effect of one lucky or unlucky entry date.

Is past performance a guarantee of future returns?

No. Past performance does not indicate future results; mutual fund values fluctuate with markets. Read all scheme-related documents carefully before investing.

Compare with peers

Further reading: Every fund measured against the best performer in its own category

Similar Debt Scheme - Overnight Fund

Fund	1M	3M	6M	1Y	3Y	5Y	10Y	TER %
Monarch Overnight Fund Debt Scheme - Overnight Fund	0.42	–	–	–	–	–	–	–
LAKSHYA OVERNIGHT FUND Debt Scheme - Overnight Fund	–	–	–	–	–	–	–	–
HDFC Overnight Fund Debt Scheme - Overnight Fund	0.43	1.27	2.57	5.22	5.98	5.71	5.34	–
SBI OVERNIGHT FUND Debt Scheme - Overnight Fund	0.43	1.28	2.58	5.22	5.99	5.73	5.35	0.07
UTI - Overnight Fund Debt Scheme - Overnight Fund	0.43	1.28	2.58	5.25	6.03	5.76	5.33	0.06
ADITYA BIRLA SUN LIFE OVERNIGHT FUND Debt Scheme - Overnight Fund	0.43	1.28	2.58	5.25	6.02	5.76	–	0.07
ICICI Prudential Overnight Fund Debt Scheme - Overnight Fund	0.43	1.28	2.58	5.26	6.01	5.75	–	0.07
Nippon India Overnight Fund Debt Scheme - Overnight Fund	0.43	1.28	2.59	5.27	6.04	5.78	–	0.07

More funds from Choice

Fund	1M	3M	6M	1Y	3Y	5Y	10Y	TER %
Choice Nifty 50 Index Fund Index Funds - Equity Funds	-2.74	-5.38	-6.36	–	–	–	–	0.13
Choice Nifty Next 50 Index Fund Index Funds - Equity Funds	-6.16	-6.59	-5.54	–	–	–	–	0.22
Choice Gold ETF Exchange Traded Funds (ETFs) - Gold ETF	-5.89	-1.31	-5.83	–	–	–	–	0.43

Returns ≥ 1Y are annualised (CAGR). TER = direct-plan base expense ratio. Click a fund to open its page.