LIC MF Overnight Fund

OvernightDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

LIC MF Overnight Fund is an Overnight fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹1,218 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.0% a year and its Regular plan returned 5.9% a year. Its benchmark, Nifty 1D Rate Index TRI, returned 6.0% a year over the same 3 years.

NAV (Direct plan): ₹1,438.45; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹1,426.21; ▲ 0.02%30-10-2026
Expense ratio: 0.10%Direct0.14%Regular; 0.10%; A year
Riskometer: Low; Set by the fund house
3 year return: 6.0%Direct5.9%Regular; 6.0%; A year

LIC MF Overnight Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹1,438.45 (up 0.02% that day); Regular Plan Growth ₹1,426.21 (up 0.02% that day).

This fund (Direct plan)

₹1,438.4467

LIC MF Overnight Fund Returns vs Nifty 1D Rate Index TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.45%	+1.29%	+2.60%	+5.26%	+6.02%	+5.77%	--
This fund (Regular)	+0.44%	+1.28%	+2.58%	+5.20%	+5.92%	+5.66%	--
Nifty 1D Rate Index TRI	+0.45%	+1.30%	+2.61%	+5.25%	+6.02%	+5.80%	+5.40%
Overnight average	+0.45%	+1.28%	+2.59%	+5.22%	+5.99%	+5.75%	--
Best in Overnight	+0.47%	+1.33%	+2.79%	+5.48%	+6.16%	+5.89%	--
Worst in Overnight	+0.43%	+1.21%	+2.46%	+4.96%	+5.78%	+5.57%	--
Rank in Overnight	4/40	13/38	11/36	13/36	10/33	10/27	--

Category rows compare the Direct plans of 40 Overnight funds. Rank 1 is the highest return.

LIC MF Overnight Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 1D Rate Index TRI
2026to date	+4.33%	+4.28%	+4.31%
2025	+5.83%	+5.73%	+5.81%
2024	+6.72%	+6.58%	+6.79%
2023	+6.69%	+6.55%	+6.74%
2022	+4.73%	+4.59%	+4.76%
2021	+3.22%	+3.08%	+3.28%

LIC MF Overnight Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,560 periods, one for each trading day from 19-07-2022 to 30-10-2026.

0%2%4%6%8%

Nov 2019
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026

LIC MF Overnight Fund (Direct)Nifty 1D Rate Index TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	2,290	5.4%	3.0%	6.8%	0%	5.4%	25%
2 years	1,925	5.8%	3.1%	6.7%	0%	5.8%	13%
3 years	1,560	5.7%	3.7%	6.5%	0%	5.7%	2%
5 years	829	5.3%	4.8%	5.8%	0%	5.3%	0%
7 years	99	5.1%	5.1%	5.1%	0%	5.1%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	76	5.4%	3.0%	6.8%	0%	5.4%	25%
2 years	64	5.7%	3.2%	6.7%	0%	5.8%	19%
3 years	52	5.9%	3.5%	6.6%	0%	6.0%	13%
5 years	28	5.9%	5.4%	6.0%	0%	6.0%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 1D Rate Index TRI over the same days. Past returns do not promise future returns.

LIC MF Overnight Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	LIC MF Overnight Fund (Direct)This fund	Nifty 1D Rate Index TRI
Return (CAGR)	+5.26%	+5.25%
Standard deviation	0.04%	0.20%
Sharpe ratio	0.45	0.00
Sortino ratio	1.55	0.00
Maximum drawdown	0.0%	0.0%
Beta	1.02	1.00
Alpha	+0.02%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	LIC MF Overnight Fund (Direct)This fund	Nifty 1D Rate Index TRI
Return (CAGR)	+6.02%	+6.02%
Standard deviation	0.04%	0.23%
Sharpe ratio	-0.06	0.00
Sortino ratio	-0.09	0.00
Maximum drawdown	0.0%	0.0%
Beta	1.01	1.00
Alpha	−0.00%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	LIC MF Overnight Fund (Direct)This fund	Nifty 1D Rate Index TRI
Return (CAGR)	+5.77%	+5.80%
Standard deviation	0.05%	0.23%
Sharpe ratio	-0.47	0.00
Sortino ratio	-0.61	0.00
Maximum drawdown	0.0%	0.0%
Beta	1.00	1.00
Alpha	−0.03%	0.00%

From daily NAVs, 30-10-2021 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	LIC MF Overnight Fund (Direct)This fund	Nifty 1D Rate Index TRI
Return (CAGR)	+5.11%	+5.14%
Standard deviation	0.07%	0.21%
Sharpe ratio	-0.39	0.00
Sortino ratio	-0.51	0.00
Maximum drawdown	0.0%	0.0%
Beta	1.00	1.00
Alpha	−0.03%	0.00%

From daily NAVs, 19-07-2019 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

0%0.1%

2020202120222023202420252026

LIC MF Overnight Fund (Direct)Nifty 1D Rate Index TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
LIC MF Overnight Fund (Direct)	0.0%	--	--	--	--	0.0%
Nifty 1D Rate Index TRI	0.0%	--	--	--	--	0.0%

From the Direct plan's daily NAV since 19-07-2019, adjusted for unit splits, and Nifty 1D Rate Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

LIC MF Overnight Fund vs Other Overnight Funds

The five Overnight funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Bank of India Overnight Fund	1/33	88	0.09%	+5.48%	+6.16%	--	--	1.92	5.24	Compare
Axis Overnight Fund	2/33	10,855	0.09%	+5.29%	+6.05%	+0.03%	1.01	0.67	1.07	Compare
Bajaj Finserv Overnight Fund	2/33	792	0.11%	+5.34%	+6.05%	--	--	0.58	0.93	Compare
Tata Overnight Fund	2/33	5,556	0.09%	+5.30%	+6.05%	--	--	0.64	1.02	Compare
Nippon India Overnight Fund	5/33	6,791	0.10%	+5.27%	+6.04%	--	--	0.33	0.52	Compare
LIC MF Overnight Fund	10/33	1,218	0.10%	+5.26%	+6.02%	0.00%	1.01	-0.06	-0.09

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

LIC MF Overnight Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Overnight median	Cost rank (1 = cheapest)
Direct	0.06%	0.00%	0.03%	0.01%	0.10%	0.11%	18/40
Regular	0.10%	0.00%	0.03%	0.01%	0.14%	0.18%	7/39

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Overnight funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.20%	5.26%	0.06%	₹1,05,200	₹1,05,260
3 years	5.92%	6.02%	0.10% a year	₹1,18,832	₹1,19,169
5 years	5.66%	5.77%	0.11% a year	₹1,31,690	₹1,32,377

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

LIC MF Overnight Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 19-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planLIC MF Overnight Fund (Direct)	₹8,80,000	₹10,82,208	₹2,02,208	5.6%
Regular planLIC MF Overnight Fund (Regular)	₹8,80,000	₹10,77,632	₹1,97,632	5.4%
Nifty 1D Rate Index TRI	₹8,80,000	₹10,82,981	₹2,02,981	5.6%
Category averageCategory average, 40 Overnight funds	₹8,90,000	₹10,91,230	₹2,01,230	5.5%

₹0₹5.0 L₹10.0 L₹15.0 L

2020202120222023202420252026

Direct planLIC MF Overnight Fund (Direct)Regular planLIC MF Overnight Fund (Regular)Nifty 1D Rate Index TRICategory averageCategory average, 40 Overnight fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.

LIC MF Overnight Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

95.9%Cash and others

Asset	Fund	Category
Cash and others	95.9%	89.1%
Debt	4.1%	10.9%

LIC MF Overnight Fund Portfolio Holdings

As on 30-09-2026 · 4 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
91 DAYS TBILL RED 01-10-2026 · Treasury bill	SOVEREIGN	1.23%
91 DAYS TBILL RED 08-10-2026 · Treasury bill	SOVEREIGN	1.23%
364 DAYS TBILL RED 08-10-2026 · Treasury bill	SOVEREIGN	0.82%
91 DAYS TBILL RED 22-10-2026 · Treasury bill	SOVEREIGN	0.82%

LIC MF Overnight Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.10%
Expense ratio (Regular): 0.14%
Category: Overnight
Risk: Low
Benchmark: Nifty 1D Rate Index
Launch date: 18-07-2019
Minimum investment: ₹5,000
Minimum additional investment: ₹500
AUM: ₹1,218.11 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 147515
ISIN (Direct): INF767K01QI3
Scheme code (Regular): 147519
ISIN (Regular): INF767K01QD4
NAV history: From 19-07-2019, 7.3 years

Exit load: Nil

Tax on LIC MF Overnight Fund returns

LIC MF Overnight Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹1,438.4467	30-10-2026
direct	Daily IDCW	₹1,134.7606	30-10-2026
direct	IDCW	₹1,438.6211	30-10-2026
direct	Weekly IDCW	₹1,113.6853	30-10-2026
regular	Growth	₹1,426.2073	30-10-2026
regular	Daily IDCW	₹1,133.8102	30-10-2026
regular	IDCW	₹1,261.3423	30-10-2026
regular	Weekly IDCW	₹1,179.8168	30-10-2026

About LIC MF Overnight Fund

LIC MF Overnight Fund is a mutual fund from LIC Mutual Fund. Its category is Overnight. It was launched on 18-07-2019. Its benchmark is Nifty 1D Rate Index. At the end of September 2026 it held 4 securities.

Fund Manager

Rahul Singh
Fund manager of LIC MF Overnight Fund, since 18-07-2019
Aakash Dhulia
Fund manager of LIC MF Overnight Fund, since 01-09-2025

See all funds of LIC Mutual Fund

AUM change

September 2026: ₹1,218.11 Cr; +66.35% from August 2026
August 2026: ₹732.25 Cr; +10.60% from July 2026
July 2026: ₹662.06 Cr; −29.58% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare LIC MF Overnight Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

LIC MF Overnight vs Bank of India OvernightOvernight
LIC MF Overnight vs Axis OvernightOvernight
LIC MF Overnight vs Bajaj Finserv OvernightOvernight
LIC MF Overnight vs Tata OvernightOvernight
LIC MF Overnight vs Nippon India OvernightOvernight

Compare with any other fund

Frequently Asked Questions for LIC MF Overnight Fund

What is the current NAV of LIC MF Overnight Fund?

The Direct plan NAV is ₹1,438.4467. The Regular plan NAV is ₹1,426.2073, as on 30-10-2026.

What are the returns of LIC MF Overnight Fund?

The Direct plan returned +5.26% in 1 year, +6.02% a year over 3 years, +5.77% a year over 5 years. The Regular plan returned +5.20% in 1 year, +5.92% a year over 3 years, +5.66% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of LIC MF Overnight Fund?

The Direct plan charges 0.10% a year. The Regular plan charges 0.14% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of LIC MF Overnight Fund?

LIC MF Overnight Fund managed ₹1,218.11 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of LIC MF Overnight Fund?

At the end of September 2026 the largest holdings were 91 DAYS TBILL RED 01-10-2026 (1.23%), 91 DAYS TBILL RED 08-10-2026 (1.23%), 364 DAYS TBILL RED 08-10-2026 (0.82%), 91 DAYS TBILL RED 22-10-2026 (0.82%). The fund held 4 securities in all.

How do I invest in LIC MF Overnight Fund?

Through LIC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of LIC MF Overnight Fund?

Rahul Singh (since 18-07-2019), Aakash Dhulia (since 01-09-2025).

What is the exit load of LIC MF Overnight Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.