Meta Title

NJ Overnight Fund - NAV, Returns, Performance & Investment Guide 2025

Meta Description

Explore NJ Overnight Fund - Get latest NAV, AUM, returns since inception, expense ratio, and investment details. Start investing in this low-risk debt fund with high liquidity through Allvest.

Investment Objective and Approach

The scheme seeks to generate returns commensurate with risk of investments in overnight instruments. Overnight funds invest in bonds having a maturity of just one day and are suitable to earn a little extra on idle money lying in the bank. The NJ Overnight Fund is an open-ended debt scheme that invests in overnight securities, aiming to provide reasonable returns with low risk and high liquidity.

The fund follows a systematic investment approach focused on:

- 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 risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital and deliver steady, but low returns

- The fund is benchmarked against the NIFTY 1D Rate Index

Fund Managers

The NJ Overnight Fund is managed by experienced fund managers:

Viral Shah: A seasoned fund manager with over 20 years of experience, currently leads Rule-Based funds management at NJ Group and masterminded innovative strategies such as MARS and PMS. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.

Dhaval Patel: A seasoned Fund Manager at NJ Group, holding a Master's degree in Computer Applications with over 16 years in financial services, specializing in research and analysis of Fixed Income and Mutual Fund products and has been a key part of NJ Group since 2006.

About the Fund House (AMC)

NJ Asset Management Private Limited operates as part of the larger NJ Group ecosystem:

Company Background

- SEBI awarded the company permission to launch a mutual fund in April 2021

- NJ Mutual Fund India Invest is a major mutual fund distributor in India and the NJ Group includes NJ India

- NJ Wealth Mutual Fund is sponsored by NJ India Invest Private Limited (NJII), which is a flagship company of NJ Group established in 1994 to cater to various requirements of investors in the financial services sector

Investment Philosophy

- NJ Mutual Fund adopts a comprehensive data-driven approach to investing with extensive data collection encompassing company fundamentals, prices and market indicators which undergo rigorous cleaning and processing procedures

- At NJ Asset Management, rule-based investing serves as a cornerstone of our investment philosophy, ensuring a systematic and disciplined approach to investment management

- NJ Group Mutual Fund follows a rule-based and quality-focused investment approach ensuring to follow their four main investment factors: quality, value, low volatility and momentum

Scale and Presence

- As of September 2023, they have more than 31,400 active distributors and the Assets Under Management (AUM) is more than ₹1,60,000 crore established in over 165 locations in 19+ states with over 1,800 employees

- AUM number includes the total of NJ MF & NJ PMS products as on 31/07/2025

Should I Invest in NJ Overnight Fund?

NJ Overnight Fund may be suitable for investors with specific requirements:

Ideal for:

- Investors seeking low-risk investment options with better returns than savings accounts

- Investors with surplus funds looking for liquidity, low risk + commensurate return

- Those requiring emergency fund parking with easy accessibility

- Conservative investors who prioritize capital preservation over high returns

Key Features:

- AUM: ₹222.74 Cr and ₹6,747 Cr as of 19 Feb 2025

- Risk Level: Low as per SEBI riskometer

- Minimum Investment: Lump sum minimum amount is ₹5,000 and for SIP, it is ₹100

- Returns: It has delivered 6.39% returns since inception

- Expense Ratio: 0.15

- Launch Date: This scheme was made available to investors on 20 Apr 2021

Important Considerations:

- Not suitable to build wealth in the long run

- There is no lock in period in NJ Overnight Fund

- Deliver steady, but low returns

FAQs

What is today's NAV of NJ Overnight Fund?

The NAV of NJ Overnight Fund - Direct Plan is ₹1,175.39 as of 22-Feb-2025. NAV is updated daily and can be checked on the NJ Mutual Fund website or through Allvest platform.

What is the AUM of NJ Overnight Fund?

The AUM of NJ Overnight Fund - Direct Plan Fund is ₹165 Cr as of 31-Jan-2025. AUM indicates the total market value of assets managed by the fund.

What is the expense ratio of NJ Overnight Fund?

The expense ratio of NJ Overnight Fund - Regular Plan is 0.15. This is the annual fee charged for fund management and administration.

What are the returns of NJ Overnight Fund since inception?

It has delivered 6.39% returns since inception. The fund launched in April 2021, making it approximately 3.5 years old.

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

The minimum SIP amount of NJ Overnight Fund is ₹100. This makes it accessible for small investors to start systematic investing.

How do I invest in NJ Overnight Fund?

You can invest in NJ Overnight Fund through Allvest by completing your KYC, choosing between lump sum or SIP mode, and making payment through net banking. The investment process is completely online and paperless.

How to start a SIP in NJ Overnight Fund?

Through Allvest platform, select the NJ Overnight Fund, choose SIP option, set your monthly investment amount (minimum ₹100), select SIP date, and set up auto-debit from your bank account for seamless investing.

How do I automate an SIP in NJ Overnight Fund?

Set up auto-debit mandate through Allvest platform during SIP registration. This ensures automatic deduction from your bank account on the chosen date every month without manual intervention.

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

You can redeem your investment through Allvest platform by selecting the fund and choosing partial or full redemption. There is no lock-in period, so you can withdraw anytime with proceeds credited to your bank account within 1-2 working days.