Investment Objective and Approach

This scheme aims to generate returns by investing in debt and money market instruments with overnight maturity. Investments under the Scheme would be made predominantly in Collateralised Borrowing & Lending Obligations (CBLO), overnight reverse repos and fixed income securities/instruments with overnight maturity. An open ended debt scheme investing in overnight securities with relatively low interest rate risk and relatively low credit risk.

The fund follows a conservative investment approach by parking money in extremely short-duration securities that mature within one day. The primary assets held in Overnight Fund include overnight securities such as reverse repos and other debt instruments that mature within a day. This strategy ensures minimal duration risk and credit risk exposure.

These funds are designed to provide a safe and highly liquid investment option for investors who need to park their surplus funds for a very short period. Due to their extremely short investment horizon, Overnight Fund carry minimal risk, making them an attractive option for conservative investors.

Key investment features:

- Minimum SIP Investment is set to ₹100

- Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 1000.00

- The HDFC Overnight Fund Direct Growth is rated Low risk

- Exit Load: NIL

Fund Managers

Mr. Swapnil Jangam is the current fund manager of HDFC Overnight Fund. Mr. Jangam has done B.Com, CA and CFA Level III. Prior to Joining HDFC Mutual Fund, he has worked with M.P. Chitale and Co. and EY.

An investment professional with more than 7 years of experience in fixed income dealing / fund management and over 14 years of work experience overall. Currently co-managing a flagship debt scheme at HDFCAMC. Swapnil Jangam manages AUM: ₹59,604.03 Cr across multiple debt schemes.

The fund is also co-managed by other experienced professionals from HDFC AMC's fixed income team, ensuring robust portfolio management and risk oversight.

About the Fund House (AMC)

HDFC Asset Management Company Ltd., or HDFC Mutual Fund, is currently the largest mutual fund and actively managed equity mutual fund in India. The company operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments (SLI).

Key highlights of HDFC Mutual Fund:

- The company manages assets worth Rs. 6.1L Cr crores as of Mar 31, 2024

- No.of Schemes: 85 with Total AUM: ₹ 7,32,610.22 Cr

- The company serviced more than 75000 empanelled distribution partners through 210 branches spread across more than 200 cities in India

- HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June 2000 under the registration number MF/044/00/6

The company is led by its CEO Navneet Munot. HDFC AMC has established itself as a trusted name in the mutual fund industry with a strong track record across various fund categories.

Should I Invest in HDFC Overnight Fund?

HDFC Overnight Fund is suitable for investors looking for:

Ideal for:

- If you receive a large payment and are unsure where to invest it immediately, you can park the money in an Overnight Fund. This way, your funds earn a small return while you decide on a more long-term investment strategy.

- 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.

- Conservative investors seeking capital preservation with minimal risk

Key Performance Metrics (as of latest available data):

- AUM: ₹9086.54 Cr as of 1st May 2025

- Expense ratio: 0.10 as of 1st May 2025

- CAGR return of 6.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.53%, 6.31% and 5.04% respectively

Important 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.

- Best suited for short-term liquidity management rather than long-term wealth creation

FAQs

What is today's NAV of HDFC Overnight Fund?

The latest NAV varies daily. You can check the current NAV on the HDFC Mutual Fund website or Allvest platform for real-time updates.

What is the AUM of HDFC Overnight Fund?

The AUM (assets under management) of HDFC Overnight Fund is ₹9086.54 Cr as of 1st May 2025.

What is the expense ratio of HDFC Overnight Fund?

The expense ratio of HDFC Overnight Fund Plan is 0.10 as of 1st May 2025.

What are the returns of HDFC Overnight Fund since inception?

HDFC Overnight Fund Direct Growth has given a CAGR return of 6.05% since inception.

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

Minimum SIP Investment is set to ₹100.

How do I invest in HDFC Overnight Fund?

You can invest through Allvest platform online, HDFC Mutual Fund website, or through authorized distributors with proper KYC completion.

How to start a SIP in HDFC Overnight Fund?

Register on Allvest platform, complete your KYC, select the fund, choose SIP option and set up auto-debit for regular investments.

How do I automate an SIP in HDFC Overnight Fund?

Set up auto-debit mandate with your bank through Allvest platform to automatically invest your chosen amount monthly or quarterly.

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

Exit Load: NIL - You can redeem your units anytime without exit load charges through the Allvest platform or HDFC Mutual Fund website.