Axis Overnight Fund vs Shriram Overnight Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Overnight Fund and Shriram Overnight Fund are both Overnight funds. Axis Overnight Fund charges 0.09% a year and Shriram Overnight Fund 0.19% (Direct plans). Their portfolios overlap 0.9%: they hold 1 of the same security.
Which is better, Axis Overnight or Shriram Overnight? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Overnight costs less: 0.09% a year against 0.19% (Direct plans).
- Axis Overnight is the larger fund: ₹10,855 Cr against ₹41 Cr.
- Their portfolios overlap 0.9%: 1 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 | Shriram Overnight Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Shriram Mutual Fund |
| Category | Overnight | Overnight |
| AUM | ₹10,855 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹1,469.05 (Direct) | ₹1,281.34 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.19% |
| Expense ratio (Regular) | 0.13% | 0.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 1D Rate Index | CRISIL Liquid Overnight Index |
| Launch date | 15-03-2019 | 26-08-2022 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Sachin Jain, Hardik Satra | Amit Modani |
| Exit load | Nil | NIL |
Axis Overnight vs Shriram 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% | -- |
| Shriram Overnight Fund (Direct) | +0.45% | +1.28% | -- | -- | -- | -- | -- |
| Overnight average | +0.45% | +1.28% | -- | -- | -- | -- | -- |
Category average: the average of the 40 Overnight funds, same plan type.
Axis Overnight vs Shriram Overnight: Year-wise Returns
| Year | AxisAxis Overnight | ShriramShriram Overnight |
|---|---|---|
| 2026to date | +4.35% | -- |
| 2025 | +5.86% | -- |
| 2024 | +6.75% | -- |
| 2023 | +6.73% | -- |
| 2022 | +4.74% | -- |
| 2021 | +3.21% | -- |
Axis Overnight vs Shriram Overnight: Rolling Returns
Every holding period of both funds, against Nifty 1D Rate Index TRI, the benchmark of Axis Overnight Fund
Axis Overnight vs Shriram 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) | Shriram Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.17% | +5.24% |
| Standard deviation | 0.07% | 0.06% |
| Sharpe ratio | -0.12 | -0.50 |
| Sortino ratio | -0.16 | -1.72 |
| 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)
Shriram 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% |
| Shriram Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Nifty 1D Rate Index TRI | 0.0% | -- | -- | -- | -- | 0.0% |
From daily values since 30-05-2026, the first day every fund has.
Axis Overnight vs Shriram Overnight: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Overnight Fund, September 2026; Shriram Overnight Fund, September 2026
Holdings in common
- Overlap
- 0.9%
- Held by both
- 1
- Only in Axis Overnight
- 5
- Only in Shriram Overnight
- 0
| Security | % of Axis Overnight | % of Shriram Overnight |
|---|---|---|
| 91 Days Tbill (MD 22/10/2026) | 0.92% | 9.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.9% means 0.9% 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 01/10/2026) | 1.38% |
| 182 Days Tbill (MD 15/10/2026) | 0.78% |
| 364 Days Tbill (MD 02/10/2026) | 0.09% |
| 364 Days Tbill (MD 23/10/2026) | 0.05% |
Largest holdings only in Shriram Overnight Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Overnight | Shriram Overnight |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 5.1% | 9.8% |
| Cash and others | 94.9% | 90.2% |
Axis Overnight vs Shriram Overnight: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Overnight Fund | Shriram Overnight Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.19% |
| Base expense ratio (Direct) | 0.06% | 0.10% |
| Total expense ratio (Regular) | 0.13% | 0.25% |
| Base expense ratio (Regular) | 0.09% | 0.15% |
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
Axis Overnight Fund vs Shriram Overnight Fund: Frequently Asked Questions
What is the difference between Axis Overnight Fund and Shriram Overnight Fund?
Both are Overnight funds, run by Axis Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 0.9%. Axis Overnight Fund charges 0.09% a year and Shriram Overnight Fund 0.19%.
Which has the lower expense ratio, Axis Overnight Fund or Shriram Overnight Fund?
Axis Overnight Fund charges less: 0.09% a year against 0.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Overnight Fund and Shriram Overnight Fund overlap?
0.9%. They hold 1 of the same securities, the largest shared ones being 91 Days Tbill (MD 22/10/2026). From each fund's latest monthly portfolio.
Which is riskier, Axis Overnight Fund or Shriram Overnight Fund?
On SEBI's riskometer, Axis Overnight Fund is rated Low and Shriram Overnight Fund Low. Over their common history, the standard deviation of daily returns was 0.07% and 0.06% a year.
Can I invest in both Axis Overnight Fund and Shriram Overnight Fund?
Yes. 0.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Axis Overnight Fund and Shriram Overnight Fund?
Axis Overnight Fund: Sachin Jain, Hardik Satra. Shriram Overnight Fund: Amit Modani.
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.