How to Invest in JM Overnight Fund Direct Growth?

You can easily invest in JM Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for JM Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in JM Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does JM Overnight Fund Direct Growth provide?

The JM Overnight Fund Direct Growth has been there from 04 Dec 2019 and the average annual returns provided by this fund is 6.61% since its inception.

How much expense ratio is charged by JM Overnight Fund Direct Growth?

The term Expense Ratio used for JM Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of JM Overnight Fund Direct Growth is 0.07% as of 04 Dec 2023...

What is the AUM of JM Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of JM Overnight Fund Direct Growth is ₹173.42Cr as of 04 Dec 2023.

How to Redeem JM Overnight Fund Direct Growth?

If you want to sell your JM Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of JM Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of JM Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of JM Overnight Fund Direct Growth?

The NAV of JM Overnight Fund Direct Growth is ₹1,190.37 as of 03 Dec 2023.

What is the PE and PB ratio of JM Overnight Fund Direct Growth?

The PE ratio ratio of JM Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

JM Overnight Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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JM Overnight Fund Direct Growth
Debt
Overnight
Low Risk
4.74%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
All
 NAV: 03 Dec 2023₹1,190.37
Min. SIP amount₹100
Rating2
Fund size₹173.42Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Overnight
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA6.6%4.7%4.4%
Category averageNA6.5%4.7%NA
Rank with in categoryNA2215NA
Understand terms
Holdings (1)NameSectorInstrumentAssets
Canara Bank
FinancialCD6.2%
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Overnight
Pros
Cons
Consistently higher annualised returns than category average for the past 1Y and 3Y
Low rating: 2
Exit load is zero
Lower expense ratio: 0.07%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Higher alpha: 1.4
The fund has generated returns higher than benchmark - CRISIL Liquid Overnight Index - in the last 3Y 
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
27 Nov 2023 - Present
0.07%
26 Nov 2023 - 27 Nov 2023
0.07%
25 Nov 2023 - 26 Nov 2023
0.07%
24 Nov 2023 - 25 Nov 2023
0.07%
23 Nov 2023 - 24 Nov 2023
0.07%
22 Nov 2023 - 23 Nov 2023
0.07%
21 Nov 2023 - 22 Nov 2023
0.07%
20 Nov 2023 - 21 Nov 2023
0.07%
19 Nov 2023 - 20 Nov 2023
0.07%
18 Nov 2023 - 19 Nov 2023
0.07%
17 Nov 2023 - 18 Nov 2023
0.07%
16 Nov 2023 - 17 Nov 2023
0.07%
15 Nov 2023 - 16 Nov 2023
0.07%
14 Nov 2023 - 15 Nov 2023
0.07%
13 Nov 2023 - 14 Nov 2023
0.07%
12 Nov 2023 - 13 Nov 2023
0.07%
11 Nov 2023 - 12 Nov 2023
0.07%
10 Nov 2023 - 11 Nov 2023
0.07%
09 Nov 2023 - 10 Nov 2023
0.07%
08 Nov 2023 - 09 Nov 2023
0.07%
07 Nov 2023 - 08 Nov 2023
0.07%
06 Nov 2023 - 07 Nov 2023
0.07%
05 Nov 2023 - 06 Nov 2023
0.07%
04 Nov 2023 - 05 Nov 2023
0.07%
03 Nov 2023 - 04 Nov 2023
0.07%
02 Nov 2023 - 03 Nov 2023
0.07%
01 Nov 2023 - 02 Nov 2023
0.07%
31 Oct 2023 - 01 Nov 2023
0.07%
30 Oct 2023 - 31 Oct 2023
0.07%
29 Oct 2023 - 30 Oct 2023
0.07%
28 Oct 2023 - 29 Oct 2023
0.07%
27 Oct 2023 - 28 Oct 2023
0.07%
26 Oct 2023 - 27 Oct 2023
0.07%
25 Oct 2023 - 26 Oct 2023
0.07%
24 Oct 2023 - 25 Oct 2023
0.07%
23 Oct 2023 - 24 Oct 2023
0.07%
22 Oct 2023 - 23 Oct 2023
0.07%
21 Oct 2023 - 22 Oct 2023
0.07%
20 Oct 2023 - 21 Oct 2023
0.07%
19 Oct 2023 - 20 Oct 2023
0.07%
18 Oct 2023 - 19 Oct 2023
0.07%
17 Oct 2023 - 18 Oct 2023
0.07%
16 Oct 2023 - 17 Oct 2023
0.07%
15 Oct 2023 - 16 Oct 2023
0.07%
14 Oct 2023 - 15 Oct 2023
0.07%
13 Oct 2023 - 14 Oct 2023
0.07%
12 Oct 2023 - 13 Oct 2023
0.07%
11 Oct 2023 - 12 Oct 2023
0.07%
10 Oct 2023 - 11 Oct 2023
0.07%
09 Oct 2023 - 10 Oct 2023
0.07%
08 Oct 2023 - 09 Oct 2023
0.07%
07 Oct 2023 - 08 Oct 2023
0.07%
06 Oct 2023 - 07 Oct 2023
0.07%
05 Oct 2023 - 06 Oct 2023
0.07%
04 Oct 2023 - 05 Oct 2023
0.07%
03 Oct 2023 - 04 Oct 2023
0.07%
02 Oct 2023 - 03 Oct 2023
0.07%
01 Oct 2023 - 02 Oct 2023
0.07%
30 Sep 2023 - 01 Oct 2023
0.07%
29 Sep 2023 - 30 Sep 2023
0.07%
28 Sep 2023 - 29 Sep 2023
0.07%
27 Sep 2023 - 28 Sep 2023
0.07%
26 Sep 2023 - 27 Sep 2023
0.07%
25 Sep 2023 - 26 Sep 2023
0.07%
24 Sep 2023 - 25 Sep 2023
0.07%
23 Sep 2023 - 24 Sep 2023
0.07%
22 Sep 2023 - 23 Sep 2023
0.07%
21 Sep 2023 - 22 Sep 2023
0.07%
20 Sep 2023 - 21 Sep 2023
0.07%
19 Sep 2023 - 20 Sep 2023
0.07%
18 Sep 2023 - 19 Sep 2023
0.07%
17 Sep 2023 - 18 Sep 2023
0.07%
16 Sep 2023 - 17 Sep 2023
0.07%
15 Sep 2023 - 16 Sep 2023
0.07%
14 Sep 2023 - 15 Sep 2023
0.07%
13 Sep 2023 - 14 Sep 2023
0.07%
12 Sep 2023 - 13 Sep 2023
0.07%
11 Sep 2023 - 12 Sep 2023
0.07%
10 Sep 2023 - 11 Sep 2023
0.07%
09 Sep 2023 - 10 Sep 2023
0.07%
08 Sep 2023 - 09 Sep 2023
0.07%
07 Sep 2023 - 08 Sep 2023
0.07%
06 Sep 2023 - 07 Sep 2023
0.07%
05 Sep 2023 - 06 Sep 2023
0.07%
04 Sep 2023 - 05 Sep 2023
0.07%
03 Sep 2023 - 04 Sep 2023
0.07%
02 Sep 2023 - 03 Sep 2023
0.07%
01 Sep 2023 - 02 Sep 2023
0.07%
31 Aug 2023 - 01 Sep 2023
0.07%
31 Jul 2023 - 31 Aug 2023
0.07%
30 Jun 2023 - 31 Jul 2023
0.07%
31 May 2023 - 30 Jun 2023
0.07%
30 Apr 2023 - 31 May 2023
0.07%
31 Mar 2023 - 30 Apr 2023
0.07%
28 Feb 2023 - 31 Mar 2023
0.07%
31 Jan 2023 - 28 Feb 2023
0.07%
31 Dec 2022 - 31 Jan 2023
0.07%
31 Dec 2022 - 31 Dec 2022
0.07%
31 Dec 2022 - 31 Dec 2022
0.07%
30 Nov 2022 - 31 Dec 2022
0.07%
30 Nov 2022 - 30 Nov 2022
0.07%
30 Nov 2022 - 30 Nov 2022
0.07%
31 Oct 2022 - 30 Nov 2022
0.07%
31 Oct 2022 - 31 Oct 2022
0.07%
31 Oct 2022 - 31 Oct 2022
0.07%
31 Oct 2022 - 31 Oct 2022
0.07%
30 Sep 2022 - 31 Oct 2022
0.07%
30 Sep 2022 - 30 Sep 2022
0.07%
30 Sep 2022 - 30 Sep 2022
0.07%
31 Aug 2022 - 30 Sep 2022
0.07%
31 Aug 2022 - 31 Aug 2022
0.07%
31 Aug 2022 - 31 Aug 2022
0.07%
31 Jul 2022 - 31 Aug 2022
0.07%
31 Jul 2022 - 31 Jul 2022
0.07%
30 Jun 2022 - 31 Jul 2022
0.07%
30 Jun 2022 - 30 Jun 2022
0.07%
31 May 2022 - 30 Jun 2022
0.07%
31 May 2022 - 31 May 2022
0.07%
30 Apr 2022 - 31 May 2022
0.07%
30 Apr 2022 - 30 Apr 2022
0.07%
31 Mar 2022 - 30 Apr 2022
0.07%
31 Mar 2022 - 31 Mar 2022
0.07%
28 Feb 2022 - 31 Mar 2022
0.07%
28 Feb 2022 - 28 Feb 2022
0.07%
31 Jan 2022 - 28 Feb 2022
0.07%
31 Dec 2021 - 31 Jan 2022
0.07%
30 Nov 2021 - 31 Dec 2021
0.05%
31 Oct 2021 - 30 Nov 2021
0.05%
30 Sep 2021 - 31 Oct 2021
0.05%
31 Aug 2021 - 30 Sep 2021
0.05%
31 Jul 2021 - 31 Aug 2021
0.05%
Expense ratio, exit load and taxExpense ratio: 0.07%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund managementShalini Tibrewala
Dec 2019 - Present
View details
Education
Ms. Tibrewala is a B.Com (H), ACA and CS.
Experience
She has been associated with JM Financials since 2003.
Also manages these schemes
JM Liquid Fund Direct Growth
JM Medium to Long Duration Fund Direct Growth
JM Dynamic Bond Fund Direct Growth
JM Liquid Fund Unclaimed Redemption
JM Money Market Fund Direct Plan Growth
JM Low Duration Fund Direct Plan Growth
JM Overnight Fund Direct Growth
JM Corporate Bond Fund Direct Growth
JM Short Duration Fund Direct Growth
Naghma Khoja
Apr 2022 - Present
View details
Education
She is B.Com, CA and CFA
Experience
Before joining JM Financial AMC, she was associated with Karvy Capital Limited.
Also manages these schemes
JM Liquid Fund Direct Growth
JM Liquid Fund Unclaimed Redemption
JM Overnight Fund Direct Growth
Fund house & investment objective
JM Financial Mutual Fund
Rank (total assets)#32 in India
Total AUM₹1,917.53Cr
Date of Incorporation15 Sep 1994
 JM Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 15 Sep 1994. Shalini Tibrewala is the Current Fund Manager of JM Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,918 Cr and the Latest NAV as of 03 Dec 2023 is ₹1,190.37.
The JM Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹1,000.
;
Investment ObjectiveThe Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
;
Fund benchmarkCRISIL Liquid Overnight Index
Scheme Information Document(SID)
Fund house contact details
Address
Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025
Phone
022-33797777 / 1800-103-8345
Launch Date
15 Sep 1994
E-mail
[email protected]
Website
www.JMFinancialmf.com
JM Financial Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
JM Overnight Fund Direct Growth
VS
Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	6.6%	4.7%	4.4%
Category average	NA	6.5%	4.7%	NA
Rank with in category	NA	22	15	NA

Name	Sector	Instrument	Assets
Canara Bank	Financial	CD	6.2%

Rank (total assets)	#32 in India
Total AUM	₹1,917.53Cr

Date of Incorporation	15 Sep 1994

Fund benchmark	CRISIL Liquid Overnight Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹1,000
Min. for 2nd investment onwards	₹100

Rating	2
Fund size	₹173.42Cr

JM Overnight Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (1)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.07%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Shalini TibrewalaDec 2019 - PresentView details

Naghma KhojaApr 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Shalini Tibrewala
Dec 2019 - Present
View details

Naghma Khoja
Apr 2022 - Present
View details