How to Invest in SBI Overnight Fund Direct Growth?

You can easily invest in SBI 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 SBI 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 SBI Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

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

The SBI Overnight Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 6.61% since its inception.

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

The term Expense Ratio used for SBI 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 SBI Overnight Fund Direct Growth is 0.10% as of 04 Dec 2023...

What is the AUM of SBI Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of SBI Overnight Fund Direct Growth is ₹16,872.53Cr as of 04 Dec 2023.

How to Redeem SBI Overnight Fund Direct Growth?

If you want to sell your SBI 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 SBI Overnight Fund Direct Growth?

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

What is the NAV of SBI Overnight Fund Direct Growth?

The NAV of SBI Overnight Fund Direct Growth is ₹3,813.12 as of 03 Dec 2023.

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

The PE ratio ratio of SBI 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).

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

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SBI Overnight Fund Direct Growth
Debt
Overnight
Low Risk
73%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 03 Dec 2023₹3,813.12
Min. SIP amount₹2,000
Rating2
Fund size₹16,872.53Cr
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
1Y3Y5YAll
Fund returns6.6%4.7%4.7%6.2%
Category average6.5%4.7%4.6%NA
Rank with in category23204NA
Understand terms
Holdings (1)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills3.4%
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, 3Y, 5Y and 10Y
Low rating: 2
Exit load is zero
Lower expense ratio: 0.1%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Higher alpha: 1.39
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
Nov 2023 - Present
10%
Nov 2023 - 27 Nov 2023
10%
Nov 2023 - 26 Nov 2023
10%
Nov 2023 - 25 Nov 2023
10%
Nov 2023 - 24 Nov 2023
10%
Nov 2023 - 23 Nov 2023
10%
Nov 2023 - 22 Nov 2023
10%
Nov 2023 - 21 Nov 2023
10%
Nov 2023 - 20 Nov 2023
10%
Nov 2023 - 19 Nov 2023
10%
Nov 2023 - 18 Nov 2023
10%
Nov 2023 - 17 Nov 2023
10%
Nov 2023 - 16 Nov 2023
10%
Nov 2023 - 15 Nov 2023
10%
Nov 2023 - 14 Nov 2023
10%
Nov 2023 - 13 Nov 2023
10%
Nov 2023 - 12 Nov 2023
10%
Nov 2023 - 11 Nov 2023
10%
Nov 2023 - 10 Nov 2023
10%
Nov 2023 - 09 Nov 2023
10%
Nov 2023 - 08 Nov 2023
10%
Nov 2023 - 07 Nov 2023
10%
Nov 2023 - 06 Nov 2023
10%
Nov 2023 - 05 Nov 2023
10%
Nov 2023 - 04 Nov 2023
10%
Nov 2023 - 03 Nov 2023
10%
Nov 2023 - 02 Nov 2023
10%
Oct 2023 - 01 Nov 2023
10%
Oct 2023 - 31 Oct 2023
10%
Oct 2023 - 30 Oct 2023
10%
Oct 2023 - 29 Oct 2023
10%
Oct 2023 - 28 Oct 2023
10%
Oct 2023 - 27 Oct 2023
10%
Oct 2023 - 26 Oct 2023
10%
Oct 2023 - 25 Oct 2023
10%
Oct 2023 - 24 Oct 2023
10%
Oct 2023 - 23 Oct 2023
10%
Oct 2023 - 22 Oct 2023
10%
Oct 2023 - 21 Oct 2023
10%
Oct 2023 - 20 Oct 2023
10%
Oct 2023 - 19 Oct 2023
10%
Oct 2023 - 18 Oct 2023
10%
Oct 2023 - 17 Oct 2023
10%
Oct 2023 - 16 Oct 2023
10%
Oct 2023 - 15 Oct 2023
10%
Oct 2023 - 14 Oct 2023
10%
Oct 2023 - 13 Oct 2023
10%
Oct 2023 - 12 Oct 2023
10%
Oct 2023 - 11 Oct 2023
10%
Oct 2023 - 10 Oct 2023
10%
Oct 2023 - 09 Oct 2023
10%
Oct 2023 - 08 Oct 2023
10%
Oct 2023 - 07 Oct 2023
10%
Oct 2023 - 06 Oct 2023
10%
Oct 2023 - 05 Oct 2023
10%
Oct 2023 - 04 Oct 2023
10%
Oct 2023 - 03 Oct 2023
10%
Oct 2023 - 02 Oct 2023
10%
Sep 2023 - 01 Oct 2023
10%
Sep 2023 - 30 Sep 2023
10%
Sep 2023 - 29 Sep 2023
10%
Sep 2023 - 28 Sep 2023
10%
Sep 2023 - 27 Sep 2023
10%
Sep 2023 - 26 Sep 2023
10%
Sep 2023 - 25 Sep 2023
10%
Sep 2023 - 24 Sep 2023
10%
Sep 2023 - 23 Sep 2023
10%
Sep 2023 - 22 Sep 2023
10%
Sep 2023 - 21 Sep 2023
10%
Sep 2023 - 20 Sep 2023
10%
Sep 2023 - 19 Sep 2023
10%
Sep 2023 - 18 Sep 2023
10%
Sep 2023 - 17 Sep 2023
10%
Sep 2023 - 16 Sep 2023
10%
Sep 2023 - 15 Sep 2023
10%
Sep 2023 - 14 Sep 2023
10%
Sep 2023 - 13 Sep 2023
10%
Sep 2023 - 12 Sep 2023
10%
Sep 2023 - 11 Sep 2023
10%
Sep 2023 - 10 Sep 2023
10%
Sep 2023 - 09 Sep 2023
10%
Sep 2023 - 08 Sep 2023
10%
Sep 2023 - 07 Sep 2023
10%
Sep 2023 - 06 Sep 2023
10%
Sep 2023 - 05 Sep 2023
10%
Sep 2023 - 04 Sep 2023
10%
Sep 2023 - 03 Sep 2023
10%
Sep 2023 - 02 Sep 2023
10%
Aug 2023 - 01 Sep 2023
10%
Jul 2023 - 31 Aug 2023
10%
Jun 2023 - 31 Jul 2023
10%
May 2023 - 30 Jun 2023
10%
Apr 2023 - 31 May 2023
10%
Mar 2023 - 30 Apr 2023
10%
Feb 2023 - 31 Mar 2023
10%
Jan 2023 - 28 Feb 2023
10%
Dec 2022 - 31 Jan 2023
10%
Dec 2022 - 31 Dec 2022
10%
Dec 2022 - 31 Dec 2022
10%
Nov 2022 - 31 Dec 2022
10%
Nov 2022 - 30 Nov 2022
10%
Nov 2022 - 30 Nov 2022
10%
Oct 2022 - 30 Nov 2022
10%
Oct 2022 - 31 Oct 2022
10%
Oct 2022 - 31 Oct 2022
10%
Sep 2022 - 31 Oct 2022
10%
Sep 2022 - 30 Sep 2022
10%
Sep 2022 - 30 Sep 2022
10%
Aug 2022 - 30 Sep 2022
10%
Aug 2022 - 31 Aug 2022
10%
Jul 2022 - 31 Aug 2022
10%
Jul 2022 - 31 Jul 2022
10%
Jun 2022 - 31 Jul 2022
10%
Jun 2022 - 30 Jun 2022
10%
May 2022 - 30 Jun 2022
10%
May 2022 - 31 May 2022
10%
Apr 2022 - 31 May 2022
10%
Apr 2022 - 30 Apr 2022
10%
Mar 2022 - 30 Apr 2022
10%
Mar 2022 - 31 Mar 2022
10%
Feb 2022 - 31 Mar 2022
10%
Feb 2022 - 28 Feb 2022
10%
Jan 2022 - 28 Feb 2022
10%
Dec 2021 - 31 Jan 2022
10%
Nov 2021 - 31 Dec 2021
10%
Oct 2021 - 30 Nov 2021
10%
Aug 2021 - 31 Oct 2021
10%
Jul 2021 - 31 Aug 2021
10%
Jun 2021 - 31 Jul 2021
10%
May 2021 - 30 Jun 2021
10%
Apr 2021 - 31 May 2021
10%
Mar 2021 - 30 Apr 2021
11%
Feb 2021 - 31 Mar 2021
11%
Jan 2021 - 28 Feb 2021
11%
Dec 2020 - 31 Jan 2021
11%
Nov 2020 - 31 Dec 2020
11%
Oct 2020 - 30 Nov 2020
11%
Sep 2020 - 31 Oct 2020
11%
Aug 2020 - 30 Sep 2020
11%
Jul 2020 - 31 Aug 2020
11%
Jun 2020 - 31 Jul 2020
11%
May 2020 - 30 Jun 2020
11%
Apr 2020 - 31 May 2020
11%
Mar 2020 - 30 Apr 2020
11%
Feb 2020 - 31 Mar 2020
11%
Jan 2020 - 29 Feb 2020
11%
Dec 2019 - 31 Jan 2020
11%
Nov 2019 - 31 Dec 2019
11%
Oct 2019 - 30 Nov 2019
11%
Sep 2019 - 31 Oct 2019
11%
Aug 2019 - 30 Sep 2019
11%
Jul 2019 - 31 Aug 2019
11%
Jun 2019 - 31 Jul 2019
11%
May 2019 - 30 Jun 2019
11%
Apr 2019 - 31 May 2019
11%
Mar 2019 - 30 Apr 2019
11%
Feb 2019 - 31 Mar 2019
11%
Jan 2019 - 28 Feb 2019
11%
Dec 2018 - 31 Jan 2019
10%
Nov 2018 - 31 Dec 2018
11%
Oct 2018 - 30 Nov 2018
11%
Sep 2018 - 31 Oct 2018
11%
Aug 2018 - 30 Sep 2018
11%
Jul 2018 - 31 Aug 2018
11%
Jun 2018 - 31 Jul 2018
11%
May 2018 - 30 Jun 2018
10%
Apr 2018 - 31 May 2018
10%
Mar 2018 - 30 Apr 2018
10%
Feb 2018 - 31 Mar 2018
10%
Jan 2018 - 28 Feb 2018
10%
Dec 2017 - 31 Jan 2018
10%
Nov 2017 - 31 Dec 2017
10%
Oct 2017 - 30 Nov 2017
10%
Expense ratio, exit load and taxExpense ratio: 0.10%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₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹2,000
Fund managementR Arun
Jan 2013 - Present
View details
Education
Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP).
Experience
Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.
Also manages these schemes
SBI Arbitrage Opportunities Fund Direct Growth
SBI Liquid Fund Direct Plan Growth
SBI Savings Fund Direct Growth
SBI Magnum Ultra Short Duration Fund Direct Growth
SBI Overnight Fund Direct Growth
Fund house & investment objective
SBI Mutual Fund
Rank (total assets)#1 in India
Total AUM₹8,21,488.86Cr
Date of Incorporation29 Jun 1987
 SBI Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. R Arun is the Current Fund Manager of SBI Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,21,489 Cr and the Latest NAV as of 03 Dec 2023 is ₹3,813.12.
The SBI Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹2,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seeks to provide the investors an opportunity to invest in overnight securities maturing on the next business day.
;
Fund benchmarkCRISIL Liquid Overnight Index
Scheme Information Document(SID)
Fund house contact details
Address
9th Floor-Crescenzo, C-38 & 39-G Block, Bandra-Kurla Complex,Bandra (East) Mumbai 400051
Phone
022-61793000 / 1800-425-5425
Launch Date
Jun 1987
E-mail
NA
Website
www.sbimf.com
SBI Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
SBI Overnight Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.6%	4.7%	4.7%	6.2%
Category average	6.5%	4.7%	4.6%	NA
Rank with in category	23	20	4	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	3.4%

Rank (total assets)	#1 in India
Total AUM	₹8,21,488.86Cr

Date of Incorporation	29 Jun 1987

Fund benchmark	CRISIL Liquid Overnight Index

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Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹16,872.53Cr

SBI 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: 0.10%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

R ArunJan 2013 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

R Arun
Jan 2013 - Present
View details