IDFC Overnight Fund - Direct Plan

Our Funds / Debt Funds

IDFC Overnight Fund - Direct Plan

An open-ended Debt Scheme investing in overnight securities. A scheme with relatively low interest rate risk and relatively low credit risk.

DebtInception Date:18/01/2019
Ask an Advisor

The fund aims to Invests in overnight securities / 1 Business day residual maturity  (Min. recommended investment horizon- 1 day)

  • Min Investment 5,000
  • Min SIP Amount 1,000
  • Exit Load


Annualised Returns(as on 31st Oct, 2022)4.15%1yr3.56%3yrN.A.5yr
NAV 1165.6965 as on 28/11/20221 Day Change: 0.56(0.05%)

Scheme is suitable for building emergency corpus or for temporary parking of surplus (minimum recommended investment horizon 1 day)

Tier 1 Benchmark : Nifty 1D Rate IndexAlternate Benchmark : CRISIL 1 Year T-Bill Index

Performance as on 31st October 2022

Scheme NamesCAGR Returns (%)Current value of Investment of 10,000
1 year3 year5 year10 year18/01/2019 Since inception1 year3 year5 year10 year18/01/2019 Since inception
IDFC Overnight Fund - Regular Plan - Growth4.153.56N.A.N.A.4.0110,41511,108N.A.N.A.11,606
^ Tier 1 Benchmark   |   ^^ Alternate Benchmark   |   ^^^ Tier 2 Benchmark

This fund is managed by Brijesh Shah (w.e.f 01/02/2019)

View fund performance of other funds managed by Brijesh Shah

Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.


For taxation, please refer the link :

IDFC Overnight Fund

(Scheme Risk-o-meter)

Investors understand that their principal will be at Low Risk.

Nifty 1D Rate Index

(Tier 1 Benchmark Risk-o-meter)

This product is suitable for investors who are seeking* :

  • To generate short term optimal returns in line with overnight rates and high liquidity
  • To invest in money market and debt instruments, with maturity of 1 day

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.