Axis Overnight Fund vs Bajaj Finserv Overnight Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Overnight Fund and Bajaj Finserv Overnight Fund are both Overnight funds. In the 3 years to 30-10-2026, Axis Overnight Fund (Direct) returned 6.0% a year and Bajaj Finserv Overnight Fund (Direct) returned 6.0% a year. Axis Overnight Fund charges 0.09% a year and Bajaj Finserv Overnight Fund 0.11% (Direct plans). Their portfolios overlap 1.5%: they hold 2 of the same securities.
Bajaj Finserv Overnight Fund
Overnight
- 3 year return
- 6.0%
- Expense ratio
- 0.11%
- NAV
- ₹1,217.99
Which is better, Axis Overnight or Bajaj Finserv Overnight? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Overnight returned more over 3 years: 6.0% a year against 6.0%.
- Bajaj Finserv Overnight returned more over 1 year: 5.3% against 5.3%.
- Axis Overnight costs less: 0.09% a year against 0.11% (Direct plans).
- Bajaj Finserv Overnight swung less over 3 years: a standard deviation of 0.0% a year against 0.0%.
- Axis Overnight is the larger fund: ₹10,855 Cr against ₹792 Cr.
- Their portfolios overlap 1.5%: 2 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Overnight Fund | Bajaj Finserv Overnight Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Bajaj Finserv Mutual Fund |
| Category | Overnight | Overnight |
| AUM | ₹10,855 Cr (30-09-2026) | ₹792 Cr (30-09-2026) |
| NAV | ₹1,469.05 (Direct) | ₹1,217.99 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.11% |
| Expense ratio (Regular) | 0.13% | 0.16% |
| Riskometer | Low | Low |
| Benchmark | Nifty 1D Rate Index | CRISIL Liquid Overnight Index |
| Launch date | 15-03-2019 | 05-07-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Sachin Jain, Hardik Satra | Nimesh Chandan, Siddharth Chaudhary, Chirag Shah, Sourish Chatterjee |
| Exit load | Nil | Nil |
Axis Overnight vs Bajaj Finserv Overnight: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Overnight Fund (Direct) | +0.45% | +1.30% | +2.61% | +5.29% | +6.05% | +5.80% | -- |
| Bajaj Finserv Overnight Fund (Direct) | +0.47% | +1.33% | +2.64% | +5.34% | +6.05% | -- | -- |
| Overnight average | +0.45% | +1.28% | +2.59% | +5.22% | +5.99% | -- | -- |
Category average: the average of the 40 Overnight funds, same plan type.
Axis Overnight vs Bajaj Finserv Overnight: Year-wise Returns
| Year | AxisAxis Overnight | Bajaj FinservBajaj Finserv Overnight |
|---|---|---|
| 2026to date | +4.35% | +4.37% |
| 2025 | +5.86% | +5.86% |
| 2024 | +6.75% | +6.72% |
| 2023 | +6.73% | -- |
| 2022 | +4.74% | -- |
| 2021 | +3.21% | -- |
Axis Overnight vs Bajaj Finserv Overnight: Rolling Returns
Every holding period of both funds, against Nifty 1D Rate Index TRI, the benchmark of Axis Overnight Fund
Rolling returns
Every 3-year holding period, 113 of them, one for each trading day from 05-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Overnight Fund (Direct)
Bajaj Finserv Overnight Fund (Direct)
Nifty 1D Rate Index TRI
to
Jul 2026Aug 2023
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Overnight | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.1% | 6.1% | 6.1% | 6.2% | 100% |
| Bajaj Finserv Overnight | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.1% | 6.1% | 6.0% | 6.2% | 88% |
| Nifty 1D Rate Index TRI | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.1% | 6.1% | 6.0% | 6.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 1D Rate Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 05-07-2023. Past returns do not promise future returns.
Axis Overnight vs Bajaj Finserv Overnight: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis OvernightAxis Overnight Fund (Direct) | ₹4,00,000 | ₹4,40,825 | ₹40,825 | 5.8% |
| Bajaj Finserv OvernightBajaj Finserv Overnight Fund (Direct) | ₹4,00,000 | ₹4,40,895 | ₹40,895 | 5.8% |
Axis OvernightAxis Overnight Fund (Direct)
Bajaj Finserv OvernightBajaj Finserv Overnight Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Overnight vs Bajaj Finserv Overnight: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Overnight Fund (Direct) | Bajaj Finserv Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.29% | +5.34% |
| Standard deviation | 0.04% | 0.04% |
| Sharpe ratio | 1.09 | 2.20 |
| Sortino ratio | 4.21 | 9.40 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 1.02 | -- |
| Alpha | +0.04% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Overnight Fund (Direct) | Bajaj Finserv Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.05% | +6.05% |
| Standard deviation | 0.04% | 0.04% |
| Sharpe ratio | 0.67 | 0.58 |
| Sortino ratio | 1.07 | 0.93 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 1.01 | -- |
| Alpha | +0.03% | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Overnight Fund (Direct) | Bajaj Finserv Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.17% | +6.11% |
| Standard deviation | 0.07% | 0.04% |
| Sharpe ratio | -0.12 | 0.30 |
| Sortino ratio | -0.16 | 0.46 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 1.01 | -- |
| Alpha | −0.01% | -- |
From daily NAVs, 18-03-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Overnight Fund (Direct)
Bajaj Finserv Overnight Fund (Direct)
Nifty 1D Rate Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Bajaj Finserv Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Nifty 1D Rate Index TRI | 0.0% | -- | -- | -- | -- | 0.0% |
From daily values since 05-07-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Overnight Fund (Direct)
Bajaj Finserv Overnight Fund (Direct)
Nifty 1D Rate Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Overnight Fund (Direct)
Bajaj Finserv Overnight Fund (Direct)
Nifty 1D Rate Index TRI
Against Nifty 1D Rate Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Overnight Fund (Direct) | 100% | NaN% | 0.09% |
| Bajaj Finserv Overnight Fund (Direct) | 100% | NaN% | 0.10% |
From month-end values since 05-07-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Overnight vs Bajaj Finserv Overnight: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Overnight Fund, September 2026; Bajaj Finserv Overnight Fund, September 2026
Holdings in common
- Overlap
- 1.5%
- Held by both
- 2
- Only in Axis Overnight
- 4
- Only in Bajaj Finserv Overnight
- 2
| Security | % of Axis Overnight | % of Bajaj Finserv Overnight |
|---|---|---|
| 91 Days Tbill (MD 01/10/2026) | 1.38% | 3.16% |
| 364 Days Tbill (MD 02/10/2026) | 0.09% | 1.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 1.5% means 1.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Overnight Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 08/10/2026) | 1.84% |
| 91 Days Tbill (MD 22/10/2026) | 0.92% |
| 182 Days Tbill (MD 15/10/2026) | 0.78% |
| 364 Days Tbill (MD 23/10/2026) | 0.05% |
Largest holdings only in Bajaj Finserv Overnight Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture and Rural Development (01/10/2026) | 6.31% |
| 182 Days Tbill (MD 29/10/2026) | 0.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Overnight | Bajaj Finserv Overnight |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 5.1% | 11.4% |
| Cash and others | 94.9% | 88.6% |
Axis Overnight vs Bajaj Finserv Overnight: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Overnight Fund | Bajaj Finserv Overnight Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.11% |
| Base expense ratio (Direct) | 0.06% | 0.07% |
| Total expense ratio (Regular) | 0.13% | 0.16% |
| Base expense ratio (Regular) | 0.09% | 0.11% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Overnight with
Compare Bajaj Finserv Overnight with
Axis Overnight Fund vs Bajaj Finserv Overnight Fund: Frequently Asked Questions
What is the difference between Axis Overnight Fund and Bajaj Finserv Overnight Fund?
Both are Overnight funds, run by Axis Mutual Fund and Bajaj Finserv Mutual Fund. Their portfolios overlap 1.5%. Axis Overnight Fund charges 0.09% a year and Bajaj Finserv Overnight Fund 0.11%.
Which has given higher returns, Axis Overnight Fund or Bajaj Finserv Overnight Fund?
Over 1 year: Axis Overnight Fund +5.29%, Bajaj Finserv Overnight Fund +5.34%. Over 3 years: Axis Overnight Fund +6.05% a year, Bajaj Finserv Overnight Fund +6.05% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Overnight Fund or Bajaj Finserv Overnight Fund?
Axis Overnight Fund charges less: 0.09% a year against 0.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Overnight Fund and Bajaj Finserv Overnight Fund overlap?
1.5%. They hold 2 of the same securities, the largest shared ones being 91 Days Tbill (MD 01/10/2026), 364 Days Tbill (MD 02/10/2026). From each fund's latest monthly portfolio.
Which is riskier, Axis Overnight Fund or Bajaj Finserv Overnight Fund?
On SEBI's riskometer, Axis Overnight Fund is rated Low and Bajaj Finserv Overnight Fund Low. Over 3 years, the standard deviation of daily returns was 0.04% and 0.04% a year.
Which is better for SIP, Axis Overnight Fund or Bajaj Finserv Overnight Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-10-2023 to 30-10-2026 grew to ₹4,04,455 in Axis Overnight Fund (XIRR 5.7% a year) and ₹4,04,541 in Bajaj Finserv Overnight Fund (XIRR 5.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Overnight Fund and Bajaj Finserv Overnight Fund?
Yes. 1.5% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Axis Overnight Fund and Bajaj Finserv Overnight Fund?
Axis Overnight Fund: Sachin Jain, Hardik Satra. Bajaj Finserv Overnight Fund: Nimesh Chandan, Siddharth Chaudhary, Chirag Shah, Sourish Chatterjee.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.