ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Direct Plan - Monthly IDCW
To generate reasonable income through investments in debt securities, Money Market Instruments & Tri-party Repos having maturity of 1 day.The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.Read more
AMC websiteScheme documentsNAV history (AMFI)हिंदी में
Aditya Birla Sun Life Mutual FundOvernight FundsDirect · IDCW (income distribution)Riskometer: Low Risk
NAV · 16 Oct 2026₹1,003.01▲ 0.02% (1 day)
- Current NAV₹1,003.01
- Fund Size (AUM)₹ 11,387 Cr.
- Expense Ratio0.09 %
- 1Y Return0.00%
- 3Y Return (CAGR)0.00%
- 5Y Return (CAGR)+0.02%
- Category Rank (3Y)—
- RiskometerLow Risk
- Min. SIP / Lump sum— / ₹ 500
More figures (11)
- Since Launch (CAGR)+0.04%
- Benchmark—
- Volatility (3Y)1.50 %
- Sharpe Ratio (3Y)-4.34
- Beta (3Y)—
- 52-week High / Low₹1,005.05 / ₹1,000.02
- Max Drawdown-2.6 %
- Launched1 Dec 2018
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersKaustubh Gupta
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 0.0% a year.
- Volatility over 3 years was 1.5% a year, with a Sharpe ratio of -4.34.
- Its biggest fall from a peak was 2.6% (23 Apr 2020 to 29 May 2020).
- Across all 3-year periods since launch, yearly returns ranged from -0.8% to 0.2% and were positive 51% of the time.
- Expense ratio 0.09%, fund size ₹11,387 crore.
Pros
AINo standout strengths in its record so far.
Cons
AI- Returns were negative in 49% of all 3-year periods since launch.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
Thinking of investing?
We help you invest in the Regular plan of schemes that suit your goals, and review them every year.
Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +0.10% | +0.05% | +0.06% | +0.01% | +0.22% | 0.00% | -0.01% | 0.00% | +0.02% | +0.01% | — | +0.04% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Overnight Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| This fund | +0.22% | 0.00% | +0.04% | +0.04% | 0.00% | -0.02% | -0.03% | 0.00% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.1 | 0.0 | 0.2 | -0.1 | -0.1 | 0.1 | -0.1 | 0.0 | 0.0 | 0.2 | |||
| 2025 | -0.1 | 0.0 | 0.1 | 0.0 | -0.1 | 0.1 | 0.0 | -0.1 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 |
| 2024 | 0.0 | 0.1 | -0.1 | 0.0 | -0.1 | 0.0 | 0.1 | -0.1 | 0.1 | 0.1 | -0.1 | 0.1 | 0.0 |
| 2023 | 0.1 | 0.0 | -0.1 | 0.0 | 0.1 | -0.1 | 0.1 | 0.1 | -0.1 | 0.1 | 0.0 | -0.1 | 0.0 |
| 2022 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.1 | 0.0 | -0.1 | 0.1 | 0.0 | -0.1 | 0.0 |
| 2021 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 2020 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | -0.3 | 0.0 | 0.0 |
| 2019 | 0.1 | 0.0 | -0.1 | 0.0 | -0.1 | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 | -0.1 | 0.1 | 0.0 |
| 2018 | 0.1 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 52 of 95 months shown (55%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 1.50% | 1.44% |
| Sharpe ratio ? | -4.34 | -4.50 |
| Sortino ratio ? | -4.20 | -4.34 |
| Maximum drawdown | -0.62% | -0.62% |
Rolling 3-year returns (yearly)
Lowest-0.75%
Median+0.01%
Highest+0.19%
Positive51% of periods
Above 12% a year0% of periods
Rolling 5-year returns (yearly)
Lowest-0.44%
Median+0.02%
Highest+0.12%
Positive82% of periods
Above 12% a year0% of periods
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,20,049 | ₹49 | +0.08% |
| 3Y | ₹3,60,000 | ₹3,59,996 | ₹-4 | 0.00% |
| 5Y | ₹6,00,000 | ₹6,00,087 | ₹87 | +0.01% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Overnight Funds (40)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | 360 ONE Overnight Fund360 ONE Mutual Fund | ₹1,068.57 | — | — | — | — | — | — | — | — |
| 2. | ADITYA BIRLA SUN LIFE OVERNIGHT FUNDAditya Birla Sun Life Mutual Fund | ₹1,497.49 | — | — | — | — | — | 0.09 | 11,387 | Low Risk |
| 3. | Axis Overnight FundAxis Mutual Fund | ₹1,465.86 | — | — | — | — | — | 0.09 | 10,855 | Low Risk |
| 4. | Bajaj Finserv Overnight FundBajaj Finserv Mutual Fund | ₹1,215.34 | — | — | — | — | — | 0.11 | 792 | Low to Moderate Risk |
| 5. | BANDHAN Overnight FundBandhan Mutual Fund | ₹1,476.74 | — | — | — | — | — | 0.07 | 1,213 | Low Risk |
| 6. | BANK OF INDIA OVERNIGHT FUNDBank of India Mutual Fund | ₹1,409.26 | — | — | — | — | — | 0.09 | 88 | Low Risk |
| 7. | Baroda BNP Paribas Overnight FundBaroda BNP Paribas Mutual Fund | ₹1,454.57 | — | — | — | — | — | 0.05 | 657 | Low Risk |
| 8. | Canara Robeco Overnight FundCanara Robeco Mutual Fund | ₹1,429.22 | — | — | — | — | — | 0.08 | 623 | Low Risk |
| 9. | Choice Overnight FundChoice Mutual Fund | ₹101.4505 | — | — | — | — | — | — | — | — |
| 10. | DSP Overnight FundDSP Mutual Fund | ₹1,483.16 | — | — | — | — | — | 0.11 | 3,194 | Low to Moderate Risk |
| 11. | Edelweiss Overnight FundEdelweiss Mutual Fund | ₹1,432.33 | — | — | — | — | — | 0.11 | 165 | Low to Moderate Risk |
| 12. | Franklin India Overnight FundFranklin Templeton Mutual Fund | ₹1,444.66 | — | — | — | — | — | 0.07 | 874 | Low to Moderate Risk |
| 13. | Groww Overnight FundGroww Mutual Fund | ₹1,425.85 | — | — | — | — | — | 0.16 | 63 | Low Risk |
| 14. | HDFC Overnight FundHDFC Mutual Fund | ₹4,104.01 | — | — | — | — | — | 0.11 | 10,342 | Low Risk |
| 15. | Helios Overnight FundHelios Mutual Fund | ₹1,187.23 | — | — | — | — | — | 0.17 | 297 | Low Risk |
| 16. | HSBC Overnight FundHSBC Mutual Fund | ₹1,448.96 | — | — | — | — | — | 0.07 | 4,805 | Low Risk |
| 17. | ICICI Prudential Overnight FundICICI Prudential Mutual Fund | ₹1,492.03 | — | — | — | — | — | 0.09 | 12,280 | Low Risk |
| 18. | Invesco India Overnight FundInvesco Mutual Fund | ₹1,399.09 | — | — | — | — | — | 0.08 | 485 | Low Risk |
| 19. | ITI Overnight FundITI Mutual Fund | ₹1,399.44 | — | — | — | — | — | 0.17 | 12 | Low Risk |
| 20. | JioBlackRock Overnight FundJio BlackRock Mutual Fund | ₹1,069.24 | — | — | — | — | — | — | — | — |
| 21. | JM Overnight FundJM Financial Mutual Fund | ₹1,402.23 | — | — | — | — | — | 0.12 | 83 | Low Risk |
| 22. | Kotak Overnight FundKotak Mahindra Mutual Fund | ₹1,477.37 | — | — | — | — | — | 0.09 | 7,935 | Low Risk |
| 23. | LAKSHYA OVERNIGHT FUNDLakshya Mutual Fund | ₹1,003.87 | — | — | — | — | — | — | — | — |
| 24. | LIC MF Overnight FundLIC Mutual Fund | ₹1,435.33 | — | — | — | — | — | 0.10 | 1,218 | Low Risk |
| 25. | Mahindra Manulife Overnight FundMahindra Manulife Mutual Fund | ₹1,433.41 | — | — | — | — | — | 0.10 | 73 | Low Risk |
| 26. | Mirae Asset Overnight FundMirae Asset Mutual Fund | ₹1,420.03 | — | — | — | — | — | 0.09 | 1,527 | Low Risk |
| 27. | Monarch Overnight FundMonarch Mutual Fund | ₹1,005.63 | — | — | — | — | — | — | — | — |
| 28. | Nippon India Overnight FundNippon India Mutual Fund | ₹148.7531 | — | — | — | — | — | 0.10 | 6,791 | Low Risk |
| 29. | NJ Overnight FundNJ Mutual Fund | ₹1,281.25 | — | — | — | — | — | 0.08 | 398 | Low Risk |
| 30. | PGIM India Overnight FundPGIM India Mutual Fund | ₹1,426.64 | — | — | — | — | — | 0.18 | 96 | Low Risk |
| 31. | quant Overnight Fundquant Mutual Fund | ₹12.6429 | — | — | — | — | — | 0.19 | 54 | Low Risk |
| 32. | Samco Overnight FundSamco Mutual Fund | ₹1,262.83 | — | — | — | — | — | 0.23 | 32 | Low Risk |
| 33. | SBI OVERNIGHT FUNDSBI Mutual Fund | ₹4,501.69 | — | — | — | — | — | 0.09 | 25,553 | Low Risk |
| 34. | Shriram Overnight FundShriram Mutual Fund | ₹1,278.59 | — | — | — | — | — | — | — | — |
| 35. | Sundaram Overnight FundSundaram Mutual Fund | ₹1,470.52 | — | — | — | — | — | 0.08 | 1,927 | Low Risk |
| 36. | Tata Overnight FundTata Mutual Fund | ₹1,461.95 | — | — | — | — | — | 0.09 | 5,556 | Low Risk |
| 37. | TRUSTMF Overnight FundTrust Mutual Fund | ₹1,308.66 | — | — | — | — | — | 0.11 | 74 | Low Risk |
| 38. | Union Overnight FundUnion Mutual Fund | ₹1,457.57 | — | — | — | — | — | 0.14 | 657 | Low Risk |
| 39. | UTI - Overnight FundUTI Mutual Fund | ₹3,790.11 | — | — | — | — | — | 0.09 | 8,999 | Low Risk |
| 40. | Zerodha Overnight FundZerodha Mutual Fund | ₹10.8307 | — | — | — | — | — | — | — | — |
| Median: 40 schemes | — | — | — | — | — | — | 0.09 | 792 | — |
Detailed comparison with another fund About Overnight Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- To generate reasonable income through investments in debt securities, Money Market Instruments & Tri-party Repos having maturity of 1 day.The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
- Fund manager
- Kaustubh Gupta
- Fund house
- Aditya Birla Sun Life Mutual Fund
- Category
- Overnight Funds · Debt
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 145488
- ISIN
- INF209KB1ZL4
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Overnight Funds
Overnight Funds invest in securities that mature the next day. They carry very low interest-rate and credit risk.
Generally used by parking money for a few days with very low risk.
Other plans of this scheme
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Direct Plan - GROWTH
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Regular Plan - GROWTH
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Direct Plan - Daily IDCW
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Direct Plan - Weekly IDCW
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Regular Plan - Daily IDCW
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Regular Plan - Monthly IDCW
- ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Regular Plan - Weekly IDCW
Tax on your gains
Likely tax treatment: Debt-oriented fund ("specified mutual fund")
- Units bought on or after 1 April 2023: gains are added to your income and taxed at your slab rate, however long you hold them.
- No long-term rate or indexation benefit for these units.
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund manager
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: Aditya Birla Sun Life Mutual Fund
- GIFT City Funds: Aditya Birla AMC Launches Two New Schemes - Newz DaddyNewz Daddy · 11 h ago
- Rishi Awasthi Appointed as Chief Information Security Officer at Aditya Birla Sun Life Mutual FundVeloxx media · 12 h ago
- Aditya Birla Sun Life AMC launches two retail funds from GIFT CityBusinessLine · 14 h ago
- Rishi Awasthi Takes Over as CISO at Aditya Birla Sun Life Mutual FundCXO Digitalpulse · 18 h ago
- Aditya Birla Sun Life AMC launches GIFT City funds for Indian and overseas investorsCNBC TV18 · 22 h ago
- Aditya Birla Sun Life BSE India Infrastructure Index Fund- Regular Plan GrowthAlice Blue · Yesterday
- Aditya Birla Sun Life Nifty Next 50 Index Fund - Regular GrowthAlice Blue · 13 Oct
- Aditya Birla Sun Life AMC sets Q2FY27 earnings call for Oct 21scanx.trade · 13 Oct
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of ADITYA BIRLA SUN LIFE OVERNIGHT FUND today?
The latest NAV of ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Direct Plan - Monthly IDCW is ₹1,003.01 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has ADITYA BIRLA SUN LIFE OVERNIGHT FUND given?
As on 16 Oct 2026: 1 year 0.00%, 3 years 0.00% a year, 5 years +0.02% a year. Past returns may or may not be sustained in future.
What is the expense ratio of ADITYA BIRLA SUN LIFE OVERNIGHT FUND?
The expense ratio of the Direct plan is 0.09% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Low Risk. Over 3 years its volatility was 1.5% a year and its biggest fall from a peak was 0.6%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Overnight Funds?
Overnight Funds invest in securities that mature the next day. They carry very low interest-rate and credit risk.
How are gains from ADITYA BIRLA SUN LIFE OVERNIGHT FUND taxed?
It is taxed as a debt-oriented fund: for units bought on or after 1 April 2023, gains are taxed at your income-tax slab rate however long you hold them.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
Talk to us
Have a question about this topic?
Tell us a little about your situation and an expert will call you back, usually within 2 hours on business days.
Experts are available Mon–Sat, 10 AM – 7 PM
Book your free wealth consultation
- 100% free
- No obligation
- Reply within 2 hours
Request received!
Thank you for trusting Plenitude Connect. An expert will contact you shortly. Please check your inbox for details.