Investment Objective and Approach

The Axis Overnight Fund seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. This investment strategy positions the fund as an ideal choice for investors looking to earn marginally better returns than traditional savings accounts while maintaining exceptional liquidity.

The fund operates by investing in debt securities that mature within one business day, which significantly reduces interest rate risk exposure. Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

Key characteristics of the fund's approach include:

- Primary focus on overnight securities

- Very low interest rate risk exposure

- High liquidity provision

- Conservative investment strategy suitable for risk-averse investors

Fund Managers

The Axis Overnight Fund is managed by experienced professionals with extensive expertise in fixed income investments. The fund is managed by Hardik Satra, Sachin Jain. According to recent data, there have been changes in fund management, with fund manager appointments since 4 November 2024 and since 9 November 2021.

Hardik Satra brings significant expertise to the fund management team. Mr. Satra is a MBA (Financial Planning and Services) and has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years. His extensive experience in fixed income analysis provides valuable insights for managing overnight securities effectively.

Sachin Jain complements the team with his technical background and diverse industry experience. Mr. Jain is a B.Tech, AGMP (Management). Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

The fund has also been associated with Aditya Pagaria in management roles. Aditya Pagaria is managing the scheme since 15th March 2019 and he manages 21 schemes of Axis Mutual Fund & Sachin Jain is managing the scheme since 9th November 2021 and he manages 15 schemes of Axis Mutual Fund.

About the Fund House (AMC)

Axis Asset Management Company Limited operates as the Asset Management Company for Axis Overnight Fund. The AMC has established itself as a significant player in India's mutual fund industry with a strong track record and substantial asset base.

As of March 31, 2024, the AMC has reported Assets Under Management (AMU) for schemes of Axis Mutual Funds at Rs. 2.74 lakh crores. This substantial AUM reflects the trust and confidence investors place in the fund house's management capabilities.

The organization demonstrates impressive operational scale and reach:

- It has 31 investment teams operating across 19 nations in the Middle East, Europe, America, and Asia

- The product lineup of Axis Mutual Fund includes over 53 different schemes

- It is present in over 100 cities and has over 98 lakh active investor accounts

Axis Mutual Fund had launched its first scheme in 2009. Mr. Chandresh Kumar Nigam is the MD & CEO. Axis Bank Limited holds 74.99% in Axis Mutual Fund. This backing by Axis Bank provides additional credibility and financial stability to the AMC's operations.

The fund house follows a well-structured investment approach. Axis MF has a well-defined investment and risk management process in place. With extensive research, portfolio construction, and continuous monitoring, the fund manager aims to maximize returns and minimize risks. The asset allocation of the schemes is strategically designed.

Should I Invest in Axis Overnight Fund?

The Axis Overnight Fund suits specific investor profiles and financial objectives. This fund is particularly appropriate for conservative investors who prioritize capital preservation and liquidity over high returns.

Ideal for:

- Emergency fund parking with better returns than savings accounts

- Short-term surplus fund management (few days to one year)

- Risk-averse investors seeking stable, predictable returns

- Portfolio diversification with ultra-low risk instruments

Key Considerations:

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Performance Metrics (as of August 2025):

- The fund has generated a return of 6.28% in 1 year, 6.50% in 3 years, 5.28% in 5 years

- Axis Overnight Fund Direct Growth has given a CAGR return of 5.12% since inception

- The fund currently has an Asset Under Management(AUM) of ₹3,39,576 Cr and is rated Low risk

Investment Minimums:

- Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹100

The fund's ultra-short maturity profile and conservative approach make it suitable for investors who need immediate access to their funds while earning modest returns above traditional banking products.

FAQs

What is today's NAV of Axis Overnight Fund?

The current NAV varies by plan, but the NAV of the fund today is ₹1381.49 for the Direct Growth plan as of August 24, 2025. NAV is updated daily based on market movements.

What is the AUM of Axis Overnight Fund?

The fund currently has an Asset Under Management(AUM) of ₹3,39,576 Cr as of August 2025, indicating strong investor confidence and substantial fund size.

What is the expense ratio of Axis Overnight Fund?

The expense ratio is 0.07% for the Direct plan, which is quite competitive for overnight funds. Regular plans typically have slightly higher expense ratios.

What are the returns of Axis Overnight Fund since inception?

Axis Overnight Fund Direct Growth has given a CAGR return of 5.12% since inception. The fund was launched in March 2019, providing consistent returns aligned with overnight fund expectations.

What is the minimum SIP amount to invest in Axis Overnight Fund?

Minimum SIP Investment is set to ₹1,000 for the Direct Growth plan, making it accessible for regular systematic investments.

How do I invest in Axis Overnight Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing between SIP or lump sum, and setting up payment instructions. Online investment through Allvest offers convenience and direct plan benefits.

How to start a SIP in Axis Overnight Fund?

Through Allvest, you can set up a SIP by selecting the fund, choosing SIP frequency, investment amount (minimum ₹1,000), and completing bank mandate setup for automatic monthly deductions.

How do I automate an SIP in Axis Overnight Fund?

SIP automation is available through Allvest by setting up a bank mandate or UPI autopay, which automatically deducts your chosen amount monthly and invests in the fund without manual intervention.

How can I withdraw/redeem my investment in Axis Overnight Fund?

Redemptions can be processed through Allvest's platform with no lock-in period restrictions. Funds are typically credited to your bank account within 1-2 business days, maintaining the fund's high liquidity feature.