Insufficient historyDirect · GrowthToo thin to judge
Choice Overnight Fund
Choice Mutual FundIncome/Debt Oriented Schemes - Overnight Fund0.3 years
The scheme seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
- NAV
- 101.6774
- 30 Oct 2026
- 1Y
- n/a
- Trailing CAGR
- AUM
- ₹100.28 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Too thin to judge
History is short. Lean on older peers or a low-cost index until more evidence lands.
In three lines
Watch if · History is short. Lean on older peers or a low-cost index until more evidence lands.
Prefer peers if · Compare Axis Overnight Fund - it has enough history to inspect beside this fund.
Buy checklist
History depth
Fail
0.3 years - thin for judging consistency.
Engine status
n/a
History is short. Lean on older peers or a low-cost index until more evidence lands.
Expense ratio
Pass
0.11% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough 0.0%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Rochan Pattnayak · 0.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 100.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Yn/a
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+5.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Yn/a
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +5.2%
- Calendar-day CAGR
- Excess 1Y
- n/a
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- 0.0%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- 0%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- n/a
- 0 recovered episodes
- Longest recovery
- n/a
- Trough to prior peak
No completed or open drawdown episodes in the current snapshots.
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
n/a
Vs category
n/a
Consistency
n/a
Risk-adjusted
0
Drawdown
100
Mean
n/a
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Insufficient history
Buying stance
Too thin to judge
History is short. Lean on older peers or a low-cost index until more evidence lands.
Why this status
No status reasons yet. History is still thin.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 2 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- 99.0%
- Effective holdings
- 1.0
Repo
Unspecified
99.0%
Net Receivables
Unspecified
1.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Overnight Fund
Axis Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.1%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -40.40
- 3Y win
- +92%
- Lower volatility
- Lower TER
Baroda BNP Paribas Overnight Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -39.58
- 3Y win
- +91%
- Lower volatility
- Lower TER
Canara Robeco Overnight Fund
Canara Robeco Mutual Fund
- 1Y
- +5.2%
- 3Y
- +5.9%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -40.26
- 3Y win
- +1%
- Lower volatility
- Lower TER
Invesco India Overnight Fund
Invesco Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -39.93
- 3Y win
- +31%
- Lower volatility
- Lower TER
Baroda BNP Paribas Overnight Fund - Greater than 3 years
Baroda BNP Paribas Mutual Fund
- 1Y
- 0.0%
- 3Y
- 0.0%
- Vol
- 0.0%
- Max DD
- -0.0%
- Sharpe
- -1083340.50
- 3Y win
- 0%
- Lower volatility
Caveat: Deeper drawdown