JM Overnight Fund
JM Financial Mutual Fund · Overnight · Direct plan, growth option
NAV (₹), 2 Oct 2026
1,399.4453
1-day change
0.01%
1Y return
5.1%
3Y CAGR
5.9%
5Y CAGR
5.7%
Max drawdown, 5Y
0.0%
NAV history month-end NAV, ₹ · 4 Dec 2019 to 3 Oct 2026
Returns vs Overnight median (40 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.4% |
| 3 months | 1.2% | 1.3% |
| 6 months | 2.5% | 2.6% |
| Year to date | 3.8% | 3.9% |
| 1 year | 5.1% | 5.3% |
| 3 years (CAGR) | 5.9% | 6.1% |
| 5 years (CAGR) | 5.7% | 5.7% |
| 7 years (CAGR) | n/a | 5.1% |
| 10 years (CAGR) | n/a | 5.4% |
| Since first NAV (CAGR) | 5.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 5.4% | 5.4% |
| 3Y rolling median | 5.9% | 5.7% |
| 3Y rolling worst | 3.7% | 3.7% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.3% | 5.2% |
| 5Y rolling worst | 4.9% | 4.8% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.3% | 0.3% |
| Sharpe ratio | -2.26 | -1.93 |
| Sortino ratio | -1.96 | -1.76 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | 0.0% | 0.0% |
| Maximum drawdown, last 10Y | n/a | 0.0% |
| Maximum drawdown, last 5Y | 0.0% | 0.0% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Killol Pandya | 5 Nov 2024 | |
| Ruchi Fozdar | 3 Apr 2024 | |
| Jayant Dhoot | 1 Aug 2025 |
Objective: The Scheme aims 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. Investors are required to read all the scheme related information set out in this document carefully and also note that there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.
Stated asset allocation: Overnight securities or money market instruments* with maturity upto 1 business day - 0% - 100% *instruments with residual maturity not greater than 1 business day, including money market instruments^,TREPS$/ reverse repo, debt instruments^^, including floating rate instruments, with overnight maturity. ^ Commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bill and any other like instruments as specified by the Reserve Bank of India from time to time.^^Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings…
Benchmark (tier 1): CRISIL Liquid Overnight Index
Minimum application: ₹1,000
Allotment date: 3 Dec 2019
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.11% | 0.11% |
| AUM, whole scheme (₹ crore) | 83 | 657 |
| Riskometer | Low | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 5.1% | 5.2% TRI |
| Return, 3 years (AMFI) | 5.9% | 6.1% TRI |
| Return, 5 years (AMFI) | 5.6% | 5.8% TRI |
| Month-ends above category median (3Y CAGR) | 15% | 31% median |
| Month-ends in category top quartile (3Y) | 0% | 3% median |
Official benchmark: CRISIL Liquid Overnight Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Overnight Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 3.8% | n/a | – |
| 2025 | 5.7% | n/a | – |
| 2024 | 6.7% | n/a | – |
| 2023 | 6.7% | n/a | – |
| 2022 | 4.7% | n/a | – |
| 2021 | 3.2% | n/a | – |
| 2020 | 3.4% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,257 | 5.0% |
| 3 years | ₹3,60,000 | ₹3,91,744 | 5.5% |
| 5 years | ₹6,00,000 | ₹6,94,989 | 5.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Overnight
Plan / option: Direct · Growth
AMFI scheme code: 147837
ISIN: INF192K01MB8
First NAV in MFIC data: 4 Dec 2019
History: 6.8 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| DSP Overnight Fund | Overnight | 1.00 | 6.1% |
| BANDHAN Overnight Fund | Overnight | 1.00 | 6.1% |
| HSBC Overnight Fund | Overnight | 1.00 | 6.1% |
| Nippon India Overnight Fund | Overnight | 1.00 | 6.1% |
| TRUSTMF Overnight Fund | Overnight | 1.00 | 6.0% |
| Sundaram Overnight Fund | Overnight | 1.00 | 6.0% |
Changes and data adjustments
- 13 Dec 2019: Data adjustment: NAV history adjusted for a 100:1 unit split or face-value change
Questions about JM Overnight Fund
- What is the latest NAV of JM Overnight Fund?
- The NAV of the Direct plan (growth option) was ₹1,399.4453 on 2 Oct 2026, as published by AMFI.
- Which category is JM Overnight Fund in?
- It is classified as Overnight in AMFI's daily NAV file. MFIC compares it with 40 Overnight schemes (Direct plans).
- What returns has JM Overnight Fund delivered?
- Over one year the NAV changed by 5.1%. The 3-year CAGR is 5.9% (category median 6.1%) and the 5-year CAGR is 5.7% (category median 5.7%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 5.9%, the lowest was 3.7%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in JM Overnight Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.0%; within the last five years it was 0.0% (category median 0.0%).
- How volatile is JM Overnight Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.3%, which is below the Overnight category median of 0.3%.
- What would a monthly SIP in JM Overnight Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹6,94,989 on 2 Oct 2026, an annualised return (XIRR) of 5.8%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of JM Overnight Fund?
- The total expense ratio of the Direct plan is 0.11% a year, as disclosed to AMFI (median of Overnight Direct plans: 0.11%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is JM Overnight Fund?
- Assets under management of the whole scheme were ₹83 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of JM Overnight Fund?
- AMFI lists the scheme's riskometer as “Low”, and its benchmark's as “Low”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of JM Overnight Fund and how has it compared?
- Its official benchmark is the CRISIL Liquid Overnight Index. Over 3 years AMFI reports a return of 5.9% for this plan against 6.1% for the benchmark total return index; over 5 years 5.6% against 5.8%. Past performance does not indicate future results.
- How often has JM Overnight Fund beaten its category?
- At 15% of the 46 month-ends compared over the last 10 years, its 3-year return was above the median of Overnight schemes (Direct plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages JM Overnight Fund?
- According to its Scheme Summary Document, JM Overnight Fund is managed by Killol Pandya (since 5 Nov 2024), Ruchi Fozdar (since 3 Apr 2024), Jayant Dhoot (since 1 Aug 2025).
- What is the minimum investment in JM Overnight Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Daily, Weekly and Fortnightly - Rs. 500 - 6 Installments ; Monthly and Quarterly - Rs. 1000 - 6 Installments, STP- Daily 60 installments: 100 each. Further in multiples of Re 1/- Weekly/Fortnightly/Monthly : 12 installments for Rs. 500 or 6 installments for Rs. 1000 each. Further in multiple of Re 1/-. Quaterly : 3000 each 2 Instalments, SWP - Fixed Amount Withdrawal (FAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-; Capital Appreciation Withdrawal (CAW) - 5 instal….
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 5.1% and the Regular plan's by 5.0%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.