Investment Objective and Approach

The scheme seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates. The fund primarily invests in overnight money market instruments and debt securities with a maturity of one day, making it an ideal choice for investors seeking high liquidity and capital preservation.

Key Investment Features:

- Primary Focus: Debt and money market instruments with a maturity period of 1 day

- Liquidity: Highly liquid investment option; investors can liquidate their investments whenever required

- Risk Profile: Investors understand that their principal will be at Low Risk

- Suitable For: Investors seeking short-term, liquid investment options

Latest Fund Performance (as of August 2025):

- 1 Year Returns: 6.48%

- 3 Year Returns: 6.25%

- 5 Year Returns: 4.97%

- 4 Year Annualised Return: 4.5%

Fund Financials:

- AUM: ₹681.25 Cr as of 2nd April 2025

- Expense Ratio: 0.15% as of 2nd April 2025

- Minimum SIP Amount: ₹1000

- Minimum Lumpsum Investment: ₹5000

Fund Managers

Mr. Brijesh Shah - Lead Fund Manager

Mr Brijesh Shah holds a Post Graduate Diploma in Finance and carries over 10+ years of experience in the Fixed Income market. Prior to Bandhan Mutual Fund, he was a part of Mata Securities, Twenty-First Century, IDBI Asset Management Ltd., etc. This fund is managed by Mr. Brijesh Shah (w.e.f 01/02/2019)

Professional Background:

- Associated with IDFC AMC since August 2015 as part of the Fixed Income Team and will now be handling investments and fixed income fund management

- Previous experience includes IDBI Asset Management Ltd., India Bulls Asset Management Ltd., Mata Securities, and Twenty First Century

- Fund Manager at Bandhan Mutual Fund, manages 5 schemes with an AUM of ₹19,949 Cr

About the Fund House (AMC)

Bandhan Mutual Fund has established itself as a significant player in India's mutual fund industry. Bandhan Mutual Fund was set up on March 13, 2000. It is one of the largest Mutual Fund houses in India's domestic market.

Key Milestones:

- April 2022 marked the acquisition of IDFC Asset Management Company by Bandhan along with a consortium. The consortium included Bandhan Financial Holdings Limited, Singapore's Sovereign Fund GIC, and ChrysCapital. Post the acquisition, the IDFC Mutual Fund was renamed Bandhan Mutual Fund in March 2023.

Current Scale & Operations:

- As of March 2024, the fund house manages ​​assets worth Rs. 137193.31 crores.

- It currently offers 76 mutual fund schemes to its investors

- These are diversified across debt, equity, hybrid, and other schemes

Management Team:

Bandhan Mutual Fund is led by a team of experienced fund managers that includes Mr Manish Gunwani, Daylynn Gerard Paul Pinto, Sachin Relekar, Nemish Sheth, Sumit Agrawal, Harshal Joshi, Viraj Kulkarni, Brijesh Shah, Gautam Kaul, and Suyash Choudhary.

Should I Invest in Bandhan Overnight Fund?

Bandhan Overnight Fund is suitable for specific investor profiles and financial goals:

Ideal For:

- Investors seeking a liquid alternative to savings bank accounts with potentially higher returns

- Those requiring easy access to funds without lock-in periods

- Risk-averse investors who prioritize capital preservation over high returns

- Corporate treasuries or institutions managing short-term surplus funds

- Individuals parking funds temporarily between investment decisions

Key Considerations:

- Low Risk: The fund maintains very low risk due to overnight maturity instruments

- Modest Returns: 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

- High Liquidity: Investors can liquidate their investments whenever required

- Tax Efficiency: For debt funds, gains held for more than 3 years are taxed at 20% with indexation benefits

Performance Metrics:

- The Sharpe ratio for the Bandhan Overnight Fund is 27.30 · Higher Sharpe ratio indicates a better risk-adjusted performance

- The volatility or standard deviation for the Bandhan Overnight Fund is 0.01 · A lower standard deviation implies lower volatility and a more stable performance

FAQs

What is today's NAV of Bandhan Overnight Fund?

The latest NAV varies by plan - ₹ 1353.07 and ₹1,374.1036 as of 15-Jul-2025 for different plan options. NAV is updated daily on working days.

What is the AUM of Bandhan Overnight Fund?

The fund has an AUM of ₹681.25 Cr as of 2nd April 2025.

What is the expense ratio of Bandhan Overnight Fund?

The expense ratio is 0.15% as of 2nd April 2025 for the direct plan, while the regular plan has an expense ratio of 0.16%.

What are the returns of Bandhan Overnight Fund since inception?

The fund has delivered consistent returns with trailing returns of 6.48% (1 year), 6.25% (3 year), and 4.97% (5 year).

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

The minimum SIP (Systematic Investment Plan) option is ₹100, though some platforms may require ₹1000 as the minimum SIP amount.

How do I invest in Bandhan Overnight Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing between lump sum or SIP, and making payment through various digital methods.

How to start a SIP in Bandhan Overnight Fund?

Log into Allvest's platform, navigate to the fund, select "Start SIP," choose your investment amount and frequency, set up auto-debit, and confirm your investment.

How do I automate an SIP in Bandhan Overnight Fund?

Set up auto-debit through Allvest by linking your bank account, selecting the SIP amount and date, and enabling automatic monthly deductions for hassle-free investing.

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

Access your Allvest account, go to your portfolio, select the fund units to redeem, and submit the redemption request. Funds typically get credited within 1-3 working days.