Bajaj Finserv Overnight Fund vs Nippon India Overnight Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Overnight Fund and Nippon India Overnight Fund are both Overnight funds. In the 3 years to 30-10-2026, Bajaj Finserv Overnight Fund (Direct) returned 6.0% a year and Nippon India Overnight Fund (Direct) returned 6.0% a year. Bajaj Finserv Overnight Fund charges 0.11% a year and Nippon India Overnight Fund 0.10% (Direct plans). Their portfolios overlap 3.1%: 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
Nippon India Overnight Fund
Overnight
- 3 year return
- 6.0%
- Expense ratio
- 0.10%
- NAV
- ₹149.08
Which is better, Bajaj Finserv Overnight or Nippon India 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%.
- Nippon India Overnight costs less: 0.10% 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%.
- Nippon India Overnight is the larger fund: ₹6,791 Cr against ₹792 Cr.
- Their portfolios overlap 3.1%: 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 | Bajaj Finserv Overnight Fund | Nippon India Overnight Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Nippon India Mutual Fund |
| Category | Overnight | Overnight |
| AUM | ₹792 Cr (30-09-2026) | ₹6,791 Cr (30-09-2026) |
| NAV | ₹1,217.99 (Direct) | ₹149.08 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.10% |
| Expense ratio (Regular) | 0.16% | 0.17% |
| Riskometer | Low | Low |
| Benchmark | CRISIL Liquid Overnight Index | CRISIL Liquid Overnight Index |
| Launch date | 05-07-2023 | 18-12-2018 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Siddharth Chaudhary, Chirag Shah, Sourish Chatterjee | Vikash Agarwal |
| Exit load | Nil | Nil |
Bajaj Finserv Overnight vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Overnight Fund (Direct) | +0.47% | +1.33% | +2.64% | +5.34% | +6.05% | -- | -- |
| Nippon India Overnight Fund (Direct) | +0.45% | +1.30% | +2.61% | +5.27% | +6.04% | +5.79% | -- |
| Overnight average | +0.45% | +1.28% | +2.59% | +5.22% | +5.99% | +5.75% | -- |
Category average: the average of the 40 Overnight funds, same plan type.
Bajaj Finserv Overnight vs Nippon India Overnight: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Overnight | Nippon IndiaNippon India Overnight |
|---|---|---|
| 2026to date | +4.37% | +4.33% |
| 2025 | +5.86% | +5.85% |
| 2024 | +6.72% | +6.74% |
| 2023 | -- | +6.72% |
| 2022 | -- | +4.73% |
| 2021 | -- | +3.19% |
Bajaj Finserv Overnight vs Nippon India Overnight: Rolling Returns
Every holding period of both funds
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.
Bajaj Finserv Overnight Fund (Direct)
Nippon India Overnight Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Nippon India Overnight | 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. Every fund is measured over the days all of them have, from 05-07-2023. Past returns do not promise future returns.
Bajaj Finserv Overnight vs Nippon India 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 05-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv OvernightBajaj Finserv Overnight Fund (Direct) | ₹4,00,000 | ₹4,40,895 | ₹40,895 | 5.8% |
| Nippon India OvernightNippon India Overnight Fund (Direct) | ₹4,00,000 | ₹4,40,719 | ₹40,719 | 5.8% |
Bajaj Finserv OvernightBajaj Finserv Overnight Fund (Direct)
Nippon India OvernightNippon India 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.
Bajaj Finserv Overnight vs Nippon India Overnight: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Overnight Fund (Direct) | Nippon India Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.34% | +5.27% |
| Standard deviation | 0.04% | 0.04% |
| Sharpe ratio | 2.20 | 0.71 |
| Sortino ratio | 9.40 | 2.63 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Bajaj Finserv Overnight Fund (Direct) | Nippon India Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.05% | +6.04% |
| Standard deviation | 0.04% | 0.04% |
| Sharpe ratio | 0.58 | 0.33 |
| Sortino ratio | 0.93 | 0.52 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Bajaj Finserv Overnight Fund (Direct) | Nippon India Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.11% | +5.20% |
| Standard deviation | 0.04% | 0.09% |
| Sharpe ratio | 0.30 | -0.16 |
| Sortino ratio | 0.46 | -0.25 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 05-07-2023 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.
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.
Bajaj Finserv Overnight Fund (Direct)
Nippon India Overnight Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Nippon India Overnight Fund (Direct) | 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.
Bajaj Finserv Overnight Fund (Direct)
Nippon India Overnight Fund (Direct)
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.
Bajaj Finserv Overnight Fund (Direct)
Nippon India Overnight Fund (Direct)
Bajaj Finserv Overnight vs Nippon India Overnight: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Overnight Fund, September 2026; Nippon India Overnight Fund, September 2026
Holdings in common
- Overlap
- 3.1%
- Held by both
- 2
- Only in Bajaj Finserv Overnight
- 2
- Only in Nippon India Overnight
- 3
| Security | % of Bajaj Finserv Overnight | % of Nippon India Overnight |
|---|---|---|
| 91 Days Tbill (MD 01/10/2026) | 3.16% | 2.36% |
| 364 Days Tbill (MD 02/10/2026) | 1.26% | 0.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 3.1% means 3.1% 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 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% |
Largest holdings only in Nippon India Overnight Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill | 3.53% |
| 91 Days Tbill | 0.29% |
| 91 Days Tbill | 0.15% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Overnight | Nippon India Overnight |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 11.4% | 7.1% |
| Cash and others | 88.6% | 92.9% |
Bajaj Finserv Overnight vs Nippon India Overnight: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Overnight Fund | Nippon India Overnight Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.10% |
| Base expense ratio (Direct) | 0.07% | 0.07% |
| Total expense ratio (Regular) | 0.16% | 0.17% |
| Base expense ratio (Regular) | 0.11% | 0.13% |
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 Bajaj Finserv Overnight with
Compare Nippon India Overnight with
Bajaj Finserv Overnight Fund vs Nippon India Overnight Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Overnight Fund and Nippon India Overnight Fund?
Both are Overnight funds, run by Bajaj Finserv Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 3.1%. Bajaj Finserv Overnight Fund charges 0.11% a year and Nippon India Overnight Fund 0.10%.
Which has given higher returns, Bajaj Finserv Overnight Fund or Nippon India Overnight Fund?
Over 1 year: Bajaj Finserv Overnight Fund +5.34%, Nippon India Overnight Fund +5.27%. Over 3 years: Bajaj Finserv Overnight Fund +6.05% a year, Nippon India Overnight Fund +6.04% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Overnight Fund or Nippon India Overnight Fund?
Nippon India Overnight Fund charges less: 0.10% a year against 0.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Overnight Fund and Nippon India Overnight Fund overlap?
3.1%. 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, Bajaj Finserv Overnight Fund or Nippon India Overnight Fund?
On SEBI's riskometer, Bajaj Finserv Overnight Fund is rated Low and Nippon India 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, Bajaj Finserv Overnight Fund or Nippon India Overnight Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-10-2023 to 30-10-2026 grew to ₹4,04,541 in Bajaj Finserv Overnight Fund (XIRR 5.7% a year) and ₹4,04,365 in Nippon India Overnight Fund (XIRR 5.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bajaj Finserv Overnight Fund and Nippon India Overnight Fund?
Yes. 3.1% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bajaj Finserv Overnight Fund and Nippon India Overnight Fund?
Bajaj Finserv Overnight Fund: Nimesh Chandan, Siddharth Chaudhary, Chirag Shah, Sourish Chatterjee. Nippon India Overnight Fund: Vikash Agarwal.
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.