JioBlackRock Overnight Fund vs Nippon India Overnight Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Overnight Fund and Nippon India Overnight Fund are both Overnight funds. In the year to 30-10-2026, JioBlackRock Overnight Fund (Direct) returned 5.3% and Nippon India Overnight Fund (Direct) returned 5.3%. JioBlackRock Overnight Fund charges 0.12% a year and Nippon India Overnight Fund 0.10% (Direct plans). Their portfolios overlap 4.7%: they hold 2 of the same securities.
JioBlackRock Overnight Fund
Overnight
- 1 year return
- 5.3%
- Expense ratio
- 0.12%
- NAV
- ₹1,071.55
Nippon India Overnight Fund
Overnight
- 1 year return
- 5.3%
- Expense ratio
- 0.10%
- NAV
- ₹149.08
Which is better, JioBlackRock 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.
- Nippon India Overnight returned more over 1 year: 5.3% against 5.3%.
- Nippon India Overnight costs less: 0.10% a year against 0.12% (Direct plans).
- Nippon India Overnight is the larger fund: ₹6,791 Cr against ₹870 Cr.
- Their portfolios overlap 4.7%: 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 | JioBlackRock Overnight Fund | Nippon India Overnight Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Nippon India Mutual Fund |
| Category | Overnight | Overnight |
| AUM | ₹870 Cr (30-09-2026) | ₹6,791 Cr (30-09-2026) |
| NAV | ₹1,071.55 (Direct) | ₹149.08 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.10% |
| Expense ratio (Regular) | 0.21% | 0.17% |
| Riskometer | Low | Low |
| Benchmark | Nifty 1D Rate Index | CRISIL Liquid Overnight Index |
| Launch date | 04-07-2025 | 18-12-2018 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Arun Ramachandran, Vikrant Mehta, Siddharth Deb | Vikash Agarwal |
| Exit load | Nil | Nil |
JioBlackRock 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 |
|---|---|---|---|---|---|---|---|
| JioBlackRock Overnight Fund (Direct) | +0.45% | +1.30% | +2.61% | +5.27% | -- | -- | -- |
| 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.
JioBlackRock Overnight vs Nippon India Overnight: Year-wise Returns
| Year | JioBlackRockJioBlackRock Overnight | Nippon IndiaNippon India Overnight |
|---|---|---|
| 2026to date | +4.34% | +4.33% |
| 2025 | -- | +5.85% |
| 2024 | -- | +6.74% |
| 2023 | -- | +6.72% |
| 2022 | -- | +4.73% |
| 2021 | -- | +3.19% |
JioBlackRock Overnight vs Nippon India Overnight: Rolling Returns
Every holding period of both funds, against Nifty 1D Rate Index TRI, the benchmark of JioBlackRock Overnight Fund
Rolling returns
Every 1-year holding period, 112 of them, one for each trading day from 06-07-2026 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.
JioBlackRock Overnight Fund (Direct)
Nippon India Overnight Fund (Direct)
Nifty 1D Rate Index TRI
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JioBlackRock Overnight | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.3% | 5.3% | 5.3% | 5.3% | 87% |
| Nippon India Overnight | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.3% | 5.3% | 5.3% | 5.4% | 91% |
| Nifty 1D Rate Index TRI | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.3% | 5.3% | 5.2% | 5.4% | -- |
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 06-07-2025. Past returns do not promise future returns.
JioBlackRock 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 06-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JioBlackRock OvernightJioBlackRock Overnight Fund (Direct) | ₹1,60,000 | ₹1,65,934 | ₹5,934 | 5.3% |
| Nippon India OvernightNippon India Overnight Fund (Direct) | ₹1,60,000 | ₹1,65,944 | ₹5,944 | 5.3% |
JioBlackRock OvernightJioBlackRock 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.
JioBlackRock 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 | JioBlackRock Overnight Fund (Direct) | Nippon India Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.27% | +5.27% |
| Standard deviation | 0.04% | 0.04% |
| Sharpe ratio | 0.69 | 0.71 |
| Sortino ratio | 2.50 | 2.63 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 1.01 | -- |
| Alpha | +0.03% | -- |
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 | JioBlackRock Overnight Fund (Direct) | Nippon India Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.33% | +5.20% |
| Standard deviation | 0.04% | 0.09% |
| Sharpe ratio | 0.39 | -0.16 |
| Sortino ratio | 1.26 | -0.25 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 1.01 | -- |
| Alpha | +0.01% | -- |
From daily NAVs, 07-07-2025 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.
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.
JioBlackRock Overnight Fund (Direct)
Nippon India 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 |
|---|---|---|---|---|---|---|
| JioBlackRock Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Nippon India Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Nifty 1D Rate Index TRI | 0.0% | -- | -- | -- | -- | 0.0% |
From daily values since 06-07-2025, 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.
JioBlackRock Overnight Fund (Direct)
Nippon India Overnight Fund (Direct)
Nifty 1D Rate Index TRI
Against Nifty 1D Rate Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JioBlackRock Overnight Fund (Direct) | 100% | NaN% | 0.07% |
| Nippon India Overnight Fund (Direct) | 100% | NaN% | 0.07% |
From month-end values since 06-07-2025. 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.
JioBlackRock Overnight vs Nippon India Overnight: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Overnight Fund, September 2026; Nippon India Overnight Fund, September 2026
Holdings in common
- Overlap
- 4.7%
- Held by both
- 2
- Only in JioBlackRock Overnight
- 0
- Only in Nippon India Overnight
- 3
| Security | % of JioBlackRock Overnight | % of Nippon India Overnight |
|---|---|---|
| 91 DTB (01-OCT-2026) | 3.45% | 2.36% |
| 91 DTB (08-OCT-2026) | 2.30% | 3.53% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 4.7% means 4.7% 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 JioBlackRock Overnight Fund
Every holding of this fund is also held by the other.
Largest holdings only in Nippon India Overnight Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill | 0.74% |
| 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 | JioBlackRock Overnight | Nippon India Overnight |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 5.7% | 7.1% |
| Cash and others | 94.3% | 92.9% |
JioBlackRock Overnight vs Nippon India Overnight: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Overnight Fund | Nippon India Overnight Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.10% |
| Base expense ratio (Direct) | 0.06% | 0.07% |
| Total expense ratio (Regular) | 0.21% | 0.17% |
| Base expense ratio (Regular) | 0.13% | 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 JioBlackRock Overnight with
JioBlackRock Overnight Fund vs Nippon India Overnight Fund: Frequently Asked Questions
What is the difference between JioBlackRock Overnight Fund and Nippon India Overnight Fund?
Both are Overnight funds, run by Jio BlackRock Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 4.7%. JioBlackRock Overnight Fund charges 0.12% a year and Nippon India Overnight Fund 0.10%.
Which has given higher returns, JioBlackRock Overnight Fund or Nippon India Overnight Fund?
Over 1 year: JioBlackRock Overnight Fund +5.27%, Nippon India Overnight Fund +5.27%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Overnight Fund or Nippon India Overnight Fund?
Nippon India Overnight Fund charges less: 0.10% a year against 0.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Overnight Fund and Nippon India Overnight Fund overlap?
4.7%. They hold 2 of the same securities, the largest shared ones being 91 DTB (01-OCT-2026), 91 DTB (08-OCT-2026). From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Overnight Fund or Nippon India Overnight Fund?
On SEBI's riskometer, JioBlackRock Overnight Fund is rated Low and Nippon India Overnight Fund Low. Over 1 years, the standard deviation of daily returns was 0.04% and 0.04% a year.
Can I invest in both JioBlackRock Overnight Fund and Nippon India Overnight Fund?
Yes. 4.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages JioBlackRock Overnight Fund and Nippon India Overnight Fund?
JioBlackRock Overnight Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb. 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.