MonitorDirect · GrowthWatch before adding
Zerodha Overnight Fund
Zerodha Mutual FundIncome/Debt Oriented Schemes - Overnight Fund1.6 years
The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo).
- NAV
- 10.8519
- 29 Oct 2026
- 1Y
- +5.1%
- Trailing CAGR
- AUM
- ₹98.78 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 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Overnight Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
1.6 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.13% 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
Kedarnath Mirajkar · 1.6 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.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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
- 1Y+5.1%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+5.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.1%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +5.3%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- 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
34
Vs category
49
Consistency
0
Risk-adjusted
0
Drawdown
100
Mean
37
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 4 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- 97.9%
- Effective holdings
- 1.0
Reverse Repo
Unspecified
97.9%
GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100
Financial
1.0%
GOVERNMENT OF INDIA 37693 091 DAYS TBILL 22OT26 FV RS 100
Financial
1.0%
Net Receivables
Unspecified
0.1%
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
- Higher win rate vs category
- Lower TER
- Higher trailing returns
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
- Higher win rate vs category
- Lower TER
- Higher trailing returns
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
- Higher win rate vs category
- Lower TER
- Higher trailing returns
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
- Higher win rate vs category
- Lower TER
- Higher trailing returns
JioBlackRock Overnight Fund
Jio BlackRock Mutual Fund
- 1Y
- +5.3%
- 3Y
- n/a
- Vol
- 0.0%
- Max DD
- 0.0%
- Sharpe
- -51.22
- 3Y win
- n/a
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns