Investment Objective and Approach

The investment objective of the Scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities. 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.

The fund follows a conservative investment approach with the following characteristics:

- Primary Focus: Investment in overnight securities with one-day maturity

- Risk Profile: The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital

- Return Expectation: 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

- Liquidity: High liquidity for emergency fund requirements

- Investment Horizon: Suitable for parking surplus funds for short periods

Fund Manager

Suman Prasad is the Current Fund Manager of Canara Robeco Overnight Fund Direct Growth fund. Her credentials include:

Professional Experience:

- Ms. Suman Prasad has been associated with Canara Robeco Mutual Fund since 1977

- She has been associated with Canara Robeco since 1996

Educational Background:

- She has a MBA in Finance degree from the SDM Institute for Management Development

- Ms. Prasad is B.Sc and PGDMS

Assets Under Management:

- She manages an AuM of Rs. 5,152 Crore invested in 30 schemes like Canara Robeco Short Duration Fund, Canara Robeco Savings Fund, Canara Robeco Liquid Fund, Canara Robeco Ultra Short Term Fund, Canara Robeco Short Duration Fund, Canara Robeco Savings Fund, etc.

About the Fund House (AMC)

Canara Robeco Asset Management Company Ltd. is a joint venture with a rich heritage in the Indian mutual fund industry.

History and Formation:

- Established in 1987, Canbank Mutual Fund was the asset management company (AMC) of Canara Bank. It is the second oldest mutual fund in India.

- In 2007, Canbank Mutual Fund offloaded 49% of its stake to Netherlands-based investment management firm Robeco Groep N.V. for Rs. 115 Crore to form the Canara Robeco Asset Management Company Ltd. (CRAMC).

Current Status:

- Over 3 Decades of rich fund management experience, second oldest in the Indian MF Industry!

- Managing Investment mandates of over 50 lakhs investors across categories!

- The AMC has 22 branches throughout India.

- As of May 2022, it has an asset under the management of Rs. 47955.87 crores.

International Partnership:

- Robeco Groep N.V. is a multinational asset management company established back in 1929. It was initially the asset management arm of Rabobank, a Dutch multinational banking and financial services company.

- In 2013, Orix Europe, bought 90.01% shares of Robeco from Rabobank at an estimated $2.7 billion.

Should I Invest in Canara Robeco Overnight Fund?

The fund is suitable for specific investor profiles and objectives:

Ideal For:

- Investors seeking to park surplus cash for short durations

- Those looking for slightly higher returns than savings bank accounts

- Emergency fund allocation with minimal risk

- Corporates managing working capital requirements

Investment Considerations:

- Returns: Canara Robeco Overnight Fund Direct Growth has given a CAGR return of 5.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.41%, 6.33% and 5.07% respectively.

- AUM: Canara Robeco Overnight Fund - Regular Plan - Growth Option has achieved Rs 243.68 Crores worth of assets under management (AUM).

- Expense Ratio: The fund has an expense ratio 0.1 (for direct plan)

- Minimum Investment: It allows minimum SIP of Rs 1000 and lumpsum of Rs 5000 to start the investment.

Risk Assessment:

- The Canara Robeco Overnight Fund Direct Growth is rated Low risk.

- This fund is suitable to keep your money safe.

- The Exit load of Canara Robeco Overnight Fund Direct Growth is 0%

FAQs

What is today's NAV of Canara Robeco Overnight Fund?

The Latest NAV as of 25 Jun 2025 is ₹1,336.41. NAV changes daily based on market movements. Check the fund's official website for real-time updates.

What is the AUM of Canara Robeco Overnight Fund?

Canara Robeco Overnight Fund - Regular Plan - Growth Option has achieved Rs 243.68 Crores worth of assets under management (AUM). AUM reflects investor confidence and fund size as of the latest reporting date.

What is the expense ratio of Canara Robeco Overnight Fund?

The fund has an expense ratio 0.1 for the direct plan and The expense ratio of this fund is 0.11% for regular plan. This represents the annual fee charged by the fund house.

What are the returns of Canara Robeco Overnight Fund since inception?

Canara Robeco Overnight Fund Direct Growth has given a CAGR return of 5.01% since inception. The fund was launched on 2019-07-24.

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

It allows minimum SIP of Rs 1000 and lumpsum of Rs 5000 to start the investment. You can start your SIP journey with a modest monthly commitment.

How do I invest in Canara Robeco Overnight Fund?

You can invest through Allvest's platform by completing KYC formalities, selecting the fund, choosing between SIP or lump sum, and making payment through available digital modes. Allvest offers a seamless investment experience.

How to start a SIP in Canara Robeco Overnight Fund?

Visit Allvest's website, create an account, complete your KYC verification, select Canara Robeco Overnight Fund, choose SIP option with minimum ₹1000, set frequency, and start investing through automated deductions.

How do I automate an SIP in Canara Robeco Overnight Fund?

Through Allvest, you can set up auto-debit instructions by linking your bank account, selecting SIP frequency (monthly/quarterly), and enabling auto-renewal. The platform handles automated investments seamlessly.

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

Log into your Allvest account, navigate to your portfolio, select the fund, choose partial or full redemption, specify the amount/units, and submit the request. The Exit load of Canara Robeco Overnight Fund Direct Growth is 0% making redemptions cost-effective.