Investment Objective and Approach

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. This debt mutual fund falls under the overnight fund category and focuses on capital preservation while generating modest returns.

Investment Strategy:

- Invests primarily in overnight securities maturing within one business day

- Maintains high liquidity for investors

- Focuses on very low interest rate risk

- As of 28-Feb-2025, Groww Overnight Fund had invested 97.29% in Cash & Cash Eq. and 2.71% in Debt

Key Fund Metrics (as of recent data):

- AUM: ₹2,244 Cr as of July 14, 2025

- 3-year annualized returns: 6.3%

- 5-year annualized returns: 5.12%

- Returns since inception: 4.81%

- Expense ratio: 0.24%

- Minimum SIP: ₹500, Minimum lumpsum: ₹500

Fund Managers

Anupam Tiwari - Fund Manager

Anupam Tiwari is the Current Fund Manager of Groww Overnight Fund Direct Growth fund. Mr. Anupam brings 18 years of extensive experience in the Mutual Fund Industry, having served as an Equity Analyst at Reliance Mutual Fund for 5 years. He then held roles as an Equity Fund Manager at Reliance Life Insurance Company, Principal at PNB Asset Management Company, and Axis Asset Management Company in his most recent assignment before joining Groww.

Kaustubh Sule - Senior Fund Manager (Fixed Income)

Kaustubh is a seasoned Senior Fund Manager - Debt at Groww Asset Management Limited, having joined since its inception in May 2023. With 17 years of experience in various roles, he specializes in Fixed Income Strategies, including money market, macro, and duration strategies. Kaustubh began his investment management career as a Fixed Income Trader at Union Bank of India's Treasury Desk.

About the Fund House (AMC)

Groww Mutual Fund operates as a prominent asset management company in India's financial services sector. Groww Mutual Fund, a leading fund house, is renowned for its innovative approach to delivering investment solutions. It specializes in a broad array of financial products tailored to meet the distinct needs and aspirations of its investors. The philosophy of Groww Mutual Fund is built upon the pillars of simplicity, transparency, consistent wealth creation, and customer centricity. They are focused on identifying investment opportunities where high growth aligns with robust fundamentals.

Corporate Structure:

- Operating under the trusteeship of Groww Trustee Limited and sponsored by Groww Invest Tech Pvt Ltd, Groww Mutual Fund offers a diverse portfolio

- The portfolio encompasses a wide range of investment schemes, including equity funds, hybrid funds, debt funds, and ETFs

- It was set up in March 2011, and in March 2023, Groww extended its reach by acquiring Indiabulls Housing Finance

The AMC has established itself as a technology-driven platform focusing on making investing accessible and transparent for retail investors across India.

Should I Invest in Groww Overnight Fund?

Ideal For:

- Investors seeking very low-risk investment options

- Those who prioritize capital preservation over high returns

- Investors requiring high liquidity and flexibility

- Corporate treasuries for short-term cash parking

- Conservative investors wanting stable, modest returns

Consider This Fund If:

- You need emergency fund allocation with better returns than savings accounts

- You're looking for alternatives to bank fixed deposits with shorter lock-in periods

- You want to park surplus funds temporarily while planning other investments

- You prefer debt instruments with minimal interest rate risk

Important Considerations:

- The Groww Overnight Fund Direct Growth is rated Low risk

- There is no lock in period in Groww Overnight Fund

- Returns are subject to taxation as per income tax slab rates for debt funds

- While the fund provides stability, returns may not beat inflation significantly over long periods

The fund suits investors prioritizing safety and liquidity over aggressive growth, making it suitable for short-term investment horizons and emergency fund allocation.

FAQs

What is today's NAV of Groww Overnight Fund?

The NAV fluctuates daily based on market conditions. You can check the current NAV on Groww's official website or through the Allvest platform for real-time updates.

What is the AUM of Groww Overnight Fund?

The fund currently has an Asset Under Management(AUM) of ₹2,244 Cr as of July 14, 2025.

What is the expense ratio of Groww Overnight Fund?

The expense ratio of Groww Overnight Fund is 0.24%, which is quite competitive for overnight funds.

What are the returns of Groww Overnight Fund since inception?

It has delivered 4.81% returns since inception, providing steady performance for this low-risk category.

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

Minimum SIP Investment is set to ₹500, making it accessible for small investors.

How do I invest in Groww Overnight Fund?

You can invest through Allvest platform by completing KYC, selecting the fund, choosing investment amount, and completing payment via net banking or other available modes.

How to start a SIP in Groww Overnight Fund?

On Allvest platform, select the fund, choose SIP option, set investment amount and frequency, select auto-debit date, and authorize the mandate for automatic monthly investments.

How do I automate an SIP in Groww Overnight Fund?

Set up auto-invest feature on Allvest by enabling automatic deduction from your bank account on chosen dates, ensuring consistent investments without manual intervention.

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

Log into Allvest, go to your portfolio, select the fund, choose partial or full redemption, specify amount, and confirm. Funds typically get credited within 1-3 business days.