INF200K01LO4
The SBI Overnight Fund is designed to provide investors an opportunity to invest in overnight securities maturing on the next business day. This debt mutual fund follows a conservative investment approach, focusing on extremely short-term government securities and money market instruments.
The fund's investment strategy revolves around:
- Investing primarily in overnight securities and reverse repo transactions
- Maintaining high liquidity while preserving capital
- Generating steady income through short-term government papers
- Managing interest rate risk through ultra-short duration holdings
The fund was launched on October 1, 2002, and is classified as a low-risk fund with a CAGR return of 6.5% since inception. Recent performance shows returns of 6.6% in 2024 and 2023, with 4.6% in 2022.
R. Arun is the current fund manager of SBI Overnight Fund. The fund benefits from the extensive expertise of SBI Funds Management's fixed income team, which has decades of experience in managing debt portfolios and understanding money market dynamics.
The fund management approach emphasizes:
- Rigorous credit analysis and risk management
- Active monitoring of liquidity conditions
- Strategic positioning in overnight markets
- Maintaining portfolio quality and stability
SBI Funds Management Ltd. (SBIFML) brings 30 years of rich experience in fund management with a strong lineage tracing back to State Bank of India (SBI) - India's largest bank. It is a joint venture between SBI and AMUNDI (France), one of the world's leading fund management companies, with SBI currently holding a 63% stake.
Key highlights of the AMC:
- Founded on June 29, 1987, with 36 years of history in helping Indian investors create wealth
- Became the third largest mutual fund company in India in 2019, surpassing Aditya Birla and HDFC Mutual Fund
- Managed assets worth ₹4,49,169 crore as of February 2023
- First Indian mutual fund to introduce 'Contra' fund and launch India's first ESG fund
- Offers 146 funds across various categories
SBI Overnight Fund is suitable for investors seeking:
Ideal For:
- Conservative investors prioritizing capital preservation over high returns
- Those requiring high liquidity with minimal volatility
- Investors looking for a parking avenue for surplus funds
- Portfolio diversification with extremely low-risk debt exposure
Key Considerations:
- Very low volatility with standard deviation of 0.01, indicating stable performance
- High Sharpe ratio of 16.54, indicating excellent risk-adjusted returns
- Consistency rating indicates average returns delivered with exceptional consistency, suitable for predictable returns
- Minimal interest rate risk due to overnight maturity profile
- Lower returns compared to longer-duration debt funds
Investment Minimums:
- Minimum SIP: ₹2,000, Minimum lumpsum: ₹5,000
What is today's NAV of SBI Overnight Fund?
The latest NAV varies by plan and date. For current NAV, check your investment platform or the official SBI Mutual Fund website as NAV updates daily after market closure.
What is the AUM of SBI Overnight Fund?
The fund has an AUM of ₹18,082.83 crore as of May 23, 2025, indicating substantial investor confidence and fund size.
What is the expense ratio of SBI Overnight Fund?
The expense ratio is 0.08% as of May 23, 2025, making it highly cost-efficient for investors with minimal annual charges.
What are the returns of SBI Overnight Fund since inception?
The fund has delivered a CAGR return of 6.5% since its inception in October 2002, providing consistent long-term performance.
What is the minimum SIP amount to invest in SBI Overnight Fund?
The minimum SIP investment amount is ₹2,000, making it accessible for regular investors.
How do I invest in SBI Overnight Fund?
You can invest through Allvest platform by completing KYC, selecting the fund, choosing investment amount and mode (SIP/lumpsum), and setting up payment methods.
How to start a SIP in SBI Overnight Fund?
On Allvest platform, select SBI Overnight Fund, choose SIP option, set monthly investment amount (minimum ₹2,000), select investment date, and authorize automatic deductions.
How do I automate an SIP in SBI Overnight Fund?
Set up auto-debit through bank mandate or UPI autopay on Allvest platform, which will automatically deduct the SIP amount monthly from your bank account.
How can I withdraw/redeem my investment in SBI Overnight Fund?
Login to your Allvest account, select the fund, choose redemption amount (partial/full), and submit request. Funds typically credit to your bank account within 1-2 business days.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer