Key metrics
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 | 0.10% | 0.43% | 1.26% | 2.54% | 5.12% | – | – | – | – |
NAV history
About this fund
Zerodha Overnight Fund is a overnight debt fund offered by Zerodha Mutual Fund, classified under Debt as Debt Scheme - Overnight Fund. Overnight funds are among the lowest-risk fund categories. Its latest NAV is ₹10.84, with assets under management of about ₹92 Cr (April - June 2026).
Further reading: What a category rank actually tells you
Performance analysis
Over the trailing one year, Zerodha Overnight Fund has recorded a return of about 5.1%. Its annualised volatility is 0.1% — relatively low fluctuations — and its Sharpe ratio is -15.33, a measure of return per unit of risk taken. The direct-plan base expense ratio is 0.08%, deducted daily from the NAV.
Further reading: Reading a fund page: what each number does and doesn't say
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 5.20 | 5.20 | 5.09 | 5.34 | 100% | 0% |
Further reading: Why a single trailing return misleads, measured across 830 funds
Frequently asked questions
Compare with peers
Further reading: Every fund measured against the best performer in its own category
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| JioBlackRock Overnight Fund Debt Scheme - Overnight Fund | 0.44 | 1.29 | 2.59 | 5.27 | – | – | – | 0.06 |
| 360 ONE Overnight Fund Debt Scheme - Overnight Fund | 0.44 | 1.29 | 2.59 | 5.30 | – | – | – | 0.08 |
| Shriram Overnight Fund Debt Scheme - Overnight Fund | 0.43 | 1.27 | – | – | – | – | – | 0.10 |
| Choice Overnight Fund Debt Scheme - Overnight Fund | 0.43 | 1.27 | – | – | – | – | – | 0.06 |
| 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 |
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Zerodha Nifty 50 Index Fund Index Funds - Equity Funds | -2.69 | -5.20 | -6.14 | -11.52 | – | – | – | 0.10 |
| Zerodha BSE SENSEX Index Fund Index Funds - Equity Funds | -1.71 | -4.43 | -6.10 | – | – | – | – | 0.29 |
| Zerodha Nifty Short Duration G-Sec Index Fund Index Funds - Debt Funds | -0.40 | 0.02 | 1.16 | – | – | – | – | 0.18 |
| Zerodha Nifty MidSmallcap400 50:50 Index Fund Index Funds - Equity Funds | -7.82 | -6.99 | -2.07 | – | – | – | – | 0.25 |
| Zerodha Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Index Funds - Hybrid Fund | -4.65 | -5.62 | -4.10 | – | – | – | – | 0.30 |
| Zerodha Arbitrage Fund Hybrid Scheme - Arbitrage Fund | 0.61 | – | – | – | – | – | – | – |
| Zerodha Nifty Next 100 ETF Exchange Traded Funds (ETFs) - Equity ETF | – | – | – | – | – | – | – | – |
| Zerodha Nifty LargeMidcap 250 Index Fund Index Funds - Equity Funds | -5.55 | -6.75 | -5.26 | -6.34 | – | – | – | 0.25 |