Axis Overnight Fund Datagrid
Category Overnight Fund
BMSMONEY Rank 2
Rating
Growth Option 27-04-2026
NAV ₹1425.75(R) +0.04% ₹1431.09(D) +0.04%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.39% 6.26% 5.54% 5.09% -%
Direct 5.43% 6.3% 5.59% 5.15% -%
Benchmark
SIP (XIRR) Regular 5.32% 5.96% 5.96% 5.55% -%
Direct 5.36% 6.0% 6.01% 5.6% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
2.48 1.54 0.63 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.19% 0.0% 0.0% - 0.15%
Fund AUM As on: 30/12/2025 11003 Cr
Top Overnight Fund
Fund Name Rank Rating
Bank of India Overnight Fund 1
Axis Overnight Fund 2
Franklin India Overnight Fund 3
Uti Overnight Fund 4
Invesco India Overnight Fund 5
Nippon India Overnight Fund 6
Mirae Asset Overnight Fund 7

NAV Date: 27-04-2026

Scheme Name NAV Rupee Change Percent Change
Axis Overnight Fund - Regular Plan - Daily IDCW 1000.5
0.0000
0.0000%
Axis Overnight Fund - Direct Plan - Daily IDCW 1000.51
0.0000
0.0000%
Axis Overnight Fund - Regular Plan - Weekly IDCW 1000.67
-0.5500
-0.0500%
Axis Overnight Fund - Direct Plan - Weekly IDCW 1000.7
-0.5500
-0.0600%
Axis Overnight Fund - Regular Plan - Monthly IDCW 1000.84
-4.3200
-0.4300%
Axis Overnight Fund - Direct Plan - Monthly IDCW 1000.85
-4.3600
-0.4300%
Axis Overnight Fund - Regular Plan - Growth Option 1425.75
0.5800
0.0400%
Axis Overnight Fund - Direct Plan - Growth Option 1431.09
0.5800
0.0400%

Review Date: 27-04-2026

Beginning of Analysis

Axis Overnight Fund is the second ranked fund in the Overnight Fund category. The category has total 29 funds. The Axis Overnight Fund has shown an excellent past performence in Overnight Fund. The fund has a Sharpe Ratio of 2.48 which is higher than the category average of 1.92.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Overnight Mutual Funds are ideal for investors seeking a safe, liquid, and ultra-low-risk investment option for very short-term cash management. These funds invest in overnight securities with a maturity of 1 day, offering quick redemption (within 1 business day) and stable returns. While they provide minimal risk and high liquidity, they offer very low returns compared to other debt funds. Investors should consider their liquidity needs and investment horizon before investing in Overnight Funds. These funds are best suited for parking surplus funds for a very short duration, such as overnight or a few days.

Axis Overnight Fund Return Analysis

  • The fund has given a return of 0.45%, 1.25 and 2.61 in last one, three and six months respectively. In the same period the category average return was 0.44%, 1.23% and 2.57% respectively.
  • Axis Overnight Fund has given a return of 5.43% in last one year. In the same period the Overnight Fund category average return was 5.36%.
  • The fund has given a return of 6.3% in last three years and ranked 3.0rd out of thirty two funds in the category. In the same period the Overnight Fund category average return was 6.24%.
  • The fund has given a return of 5.59% in last five years and ranked 2nd out of twenty seven funds in the category. In the same period the Overnight Fund category average return was 5.54%.
  • The fund has given a SIP return of 5.36% in last one year whereas category average SIP return is 5.28%. The fund one year return rank in the category is 5th in 35 funds
  • The fund has SIP return of 6.0% in last three years and ranks 2nd in 32 funds. Bank of India Overnight Fund has given the highest SIP return (6.05%) in the category in last three years.
  • The fund has SIP return of 6.01% in last five years whereas category average SIP return is 5.96%.

Axis Overnight Fund Risk Analysis

  • The fund has a standard deviation of 0.19 and semi deviation of 0.15. The category average standard deviation is 0.19 and semi deviation is 0.15.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Overnight Fund Category
  • Good Performance in Overnight Fund Category
  • Poor Performance in Overnight Fund Category
  • Very Poor Performance in Overnight Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.44
    0.43
    		0.38 | 0.45 3 | 35 Very Good
    3M Return % 1.24
    1.21
    		1.11 | 1.25 3 | 35 Very Good
    6M Return % 2.59
    2.54
    		2.34 | 2.61 5 | 35 Very Good
    1Y Return % 5.39
    5.28
    		4.92 | 5.46 4 | 34 Very Good
    3Y Return % 6.26
    6.16
    		5.84 | 6.33 3 | 32 Very Good
    5Y Return % 5.54
    5.46
    		5.27 | 5.61 2 | 27 Very Good
    7Y Return % 5.09
    5.03
    		4.98 | 5.09 1 | 14 Very Good
    1Y SIP Return % 5.32
    5.21
    		4.81 | 5.37 4 | 34 Very Good
    3Y SIP Return % 5.96
    5.85
    		5.50 | 6.03 2 | 32 Very Good
    5Y SIP Return % 5.96
    5.88
    		5.66 | 6.03 2 | 27 Very Good
    7Y SIP Return % 5.55
    5.34
    		5.04 | 5.55 1 | 14 Very Good
    Standard Deviation 0.19
    0.19
    		0.17 | 0.26 13 | 31 Good
    Semi Deviation 0.15
    0.15
    		0.14 | 0.20 14 | 31 Good
    Sharpe Ratio 2.48
    1.92
    		0.37 | 2.86 2 | 31 Very Good
    Sterling Ratio 0.63
    0.62
    		0.59 | 0.64 3 | 31 Very Good
    Sortino Ratio 1.54
    1.10
    		0.15 | 1.91 2 | 31 Very Good
    Return data last Updated On : April 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.45 0.44 0.40 | 0.46 7 | 37 Very Good
    3M Return % 1.25 1.23 1.16 | 1.26 4 | 37 Very Good
    6M Return % 2.61 2.57 2.44 | 2.64 5 | 37 Very Good
    1Y Return % 5.43 5.36 5.12 | 5.49 4 | 35 Very Good
    3Y Return % 6.30 6.24 6.04 | 6.41 3 | 32 Very Good
    5Y Return % 5.59 5.54 5.38 | 5.65 2 | 27 Very Good
    7Y Return % 5.15 5.12 5.07 | 5.15 2 | 14 Very Good
    1Y SIP Return % 5.36 5.28 5.02 | 5.41 5 | 35 Very Good
    3Y SIP Return % 6.00 5.93 5.72 | 6.05 2 | 32 Very Good
    5Y SIP Return % 6.01 5.96 5.76 | 6.06 2 | 27 Very Good
    7Y SIP Return % 5.60 5.43 5.14 | 5.60 1 | 14 Very Good
    Standard Deviation 0.19 0.19 0.17 | 0.26 13 | 31 Good
    Semi Deviation 0.15 0.15 0.14 | 0.20 14 | 31 Good
    Sharpe Ratio 2.48 1.92 0.37 | 2.86 2 | 31 Very Good
    Sterling Ratio 0.63 0.62 0.59 | 0.64 3 | 31 Very Good
    Sortino Ratio 1.54 1.10 0.15 | 1.91 2 | 31 Very Good
    Return data last Updated On : April 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Axis Overnight Fund NAV Regular Growth Axis Overnight Fund NAV Direct Growth
    27-04-2026 1425.7469 1431.0856
    24-04-2026 1425.1684 1430.5007
    23-04-2026 1424.9755 1430.3058
    22-04-2026 1424.7802 1430.1083
    21-04-2026 1424.5815 1429.9075
    20-04-2026 1424.3889 1429.7128
    17-04-2026 1423.8097 1429.1217
    16-04-2026 1423.6263 1428.9362
    15-04-2026 1423.4392 1428.747
    13-04-2026 1423.0603 1428.364
    10-04-2026 1422.4898 1427.7872
    09-04-2026 1422.3065 1427.6019
    08-04-2026 1422.1169 1427.4101
    07-04-2026 1421.9233 1427.2145
    06-04-2026 1421.7336 1427.0227
    02-04-2026 1420.9405 1426.221
    01-04-2026 1420.7367 1426.0152
    30-03-2026 1420.1811 1425.4545
    27-03-2026 1419.4713 1424.7373

    Fund Launch Date: 07/Mar/2019
    Fund Category: Overnight Fund
    Investment Objective: The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
    Fund Description: An open-ended debt scheme investing in overnight securities
    Fund Benchmark: NIFTY 1D Rate Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.