BANDHAN Overnight Fund - Direct Plan - Periodic IDCW
The Fund seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
- Current NAV₹1,345.75
- Fund Size (AUM)₹ 1,213 Cr.
- Expense Ratio0.07 %
- 1Y Return+5.26%
- 3Y Return (CAGR)+6.05%
- 5Y Return (CAGR)+5.73%
- Category Rank (3Y)—
- RiskometerLow Risk
- Min. SIP / Lump sum₹ 100 / ₹ 1,000
More figures (11)
- Since Launch (CAGR)+5.26%
- Benchmark—
- Volatility (3Y)0.11 %
- Sharpe Ratio (3Y)-4.01
- Beta (3Y)—
- 52-week High / Low₹1,345.75 / ₹1,278.47
- Max Drawdown-0.6 %
- Launched28 Dec 2020
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersBrijesh Shah
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 5.7% a year.
- Volatility over 3 years was 0.1% a year, with a Sharpe ratio of -4.01.
- Its biggest fall from a peak was 0.6% (25 Mar 2021 to 26 Mar 2021).
- Across all 3-year periods since launch, yearly returns ranged from 4.6% to 6.4% and were positive 100% of the time.
- Expense ratio 0.07%, fund size ₹1,213 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 4.6% a year).
- Expense ratio of 0.07% is below the category median of 0.09%.
Cons
AINo standout weaknesses in its record so far.
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.
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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% | +0.43% | +1.28% | +2.58% | +4.11% | +5.26% | +5.68% | +6.05% | +5.73% | — | — | +5.26% |
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 |
|---|---|---|---|---|---|---|
| This fund | +4.11% | +5.84% | +6.74% | +6.72% | +4.57% | +2.52% |
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 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | |||
| 2025 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 5.9 |
| 2024 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 6.7 |
| 2023 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 6.7 |
| 2022 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.2 | |||||||
| 2021 | 0.3 | 0.2 | -0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 2.5 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 63 of 64 months shown (98%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 0.11% | 1.11% |
| Sharpe ratio ? | -4.01 | -0.70 |
| Sortino ratio ? | -3.05 | -4.86 |
| Maximum drawdown | 0.00% | 0.00% |
Rolling 3-year returns (yearly)
Rolling 5-year returns (yearly)
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 | ₹1,23,370 | ₹3,370 | +5.23% |
| 3Y | ₹3,60,000 | ₹3,92,507 | ₹32,507 | +5.69% |
| 5Y | ₹6,00,000 | ₹6,97,587 | ₹97,587 | +5.96% |
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
- The Fund seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
- Fund manager
- Brijesh Shah
- Fund house
- Bandhan Mutual Fund
- Category
- Overnight Funds · Debt
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 146184
- ISIN
- INF194KB1520, INF194KB1538
- 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
- BANDHAN Overnight Fund - Direct Plan - Growth
- BANDHAN Overnight Fund - Regular Plan - Growth
- BANDHAN Overnight Fund - Direct Plan - Daily IDCW
- BANDHAN Overnight Fund - Direct Plan - Monthly IDCW
- BANDHAN Overnight Fund - Direct Plan - Weekly IDCW
- BANDHAN Overnight Fund - Regular Plan - Daily IDCW
- BANDHAN Overnight Fund - Regular Plan - Monthly IDCW
- BANDHAN Overnight Fund - Regular Plan - Periodic 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: Bandhan Mutual Fund
- Bandhan AMC’s Suyash Choudhary on RBI rate hikes, bond yields, and debt strategyLivemint · Yesterday
- Record SIP Inflows Signal Investor Resilience Amid Market Weakness, Say WhiteOak, Bandhan AMC CEOsNDTV Profit · 13 Oct
- India's Bandhan AMC minimizes bond duration, sees up to 100 bps of rate hikes, exec saysTradingView · 8 Oct
- Zaggle expects Zoyer platform to contribute up to 50% of revenue as Bandhan AMC deal expands SaaS businessCNBC TV18 · 28 Sep
- Markets may consolidate for a year; current large-cap valuations reasonable: Bandhan AMC's Karthik KumarCNBC TV18 · 25 Sep
- Zaggle Prepaid Ocean Services Enters Commercial Agreement with Bandhan AMC for Zoyer PlatformEquityBulls · 18 Sep
- Bandhan Mutual Fund: Increases Mastek Stake to 5.05%InvestyWise · 18 Sep
- Zaggle Prepaid Ocean Services (NSE:ZAGGLE): What Does Its New Deal With Bandhan AMC Mean?Kalkine India · 18 Sep
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
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What returns has BANDHAN Overnight Fund given?
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What is the difference between Direct and Regular plans?
What are Overnight Funds?
How are gains from BANDHAN Overnight Fund taxed?
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