JioBlackRock Overnight Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
JioBlackRock Overnight Fund Direct Growth Plan has a NAV of ₹1064.5592 as of 15 September 2026 and an AUM of ₹786 Cr. Its 1-year, 3-year and 5-year returns are 5.28%, 0% and 0%, and the scheme sits in the Low Risk category. Our view is that it suits conservative investors who want very low day-to-day volatility, but the return pattern is still short on longer track record depth.
The portfolio is heavily parked in cash-like instruments, which fits an overnight-style mandate. That may help limit price swings, but it also means return potential is naturally modest, especially when compared with broader market benchmarks over longer periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,064.5592 as of 15 Sep 2026 |
| AUM | ₹786 Cr |
| Expense Ratio | 0.06% |
| Launch Date | 04 Jul 2025 |
| Min SIP | ₹500 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Fund Category | Liquid |
| Exit Load | No exit load |
| Fund Managers | Vikrant Mehta, Siddharth Deb, Arun Ramachandran |
The fund is managed by Vikrant Mehta, Siddharth Deb and Arun Ramachandran.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.4% | -4.81% |
| 3M | 1.27% | -3.63% |
| 1Y | 5.28% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Short-term behaviour has been stable, with the fund holding up while the benchmark stayed weak over 1M, 3M and 1Y. That is an encouraging pattern for a conservative cash-management product, because it suggests the scheme has preserved value while broader equity-market sentiment remained under pressure.
The longer perspective is more limited because the fund was launched on 04 Jul 2025, so there is no true 3-year or 5-year record yet. That matters for interpretation: the 1-year figure gives us a useful snapshot, but it does not tell us how the fund behaves across a full market cycle.
Compared with the benchmark, the fund is ahead in every available period. The gap is especially visible over 1Y, where the fund is positive while the benchmark is negative. Our reading is that this is less about aggressive upside capture and more about the fund doing what an overnight strategy is meant to do: keep volatility low and avoid broad market drawdowns.
The 3M pattern also looks more consistent than the benchmark’s swings. For investors, that makes the scheme more relevant as a parking place for short-term money than as a return-seeking core holding.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD JioBlackRock Overnight?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding JioBlackRock Overnight? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| JioBlackRock Overnight Fund Direct Growth Plan | 5.28% | Data not available | Data not available |
| Bank of India Overnight Fund Direct Growth Plan | 5.51% | 6.21% | 5.83% |
| 360 ONE Overnight Fund Direct Growth Plan | 5.32% | Data not available | Data not available |
| Baroda BNP Paribas Overnight Fund Direct Growth Plan | 5.3% | 6.08% | 5.72% |
| Nippon India Overnight Fund Direct Growth Plan | 5.29% | 6.09% | 5.73% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the 1-year measure, the fund is close to the peer set but trails the better available figures by a small margin. That is not a large gap, but it does show that its recent outcome is slightly softer than several comparable overnight strategies.
The bigger contrast comes in the longer horizon rows, where the peers with established records show 3-year and 5-year returns in the mid-6% to high-5% range, while this fund does not yet have those figures because it is a newer scheme. So the comparison tells two different stories: near-term performance is competitive, but the longer-term peer record is not yet something this fund can match on a like-for-like basis.
Source data date: as of 15 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Reverse Repo (01-Sep-2026) | Cash & Cash Equivalents and Net Assets | 94.04% |
| 182 DTB (10-Sep-2026) | Treasury Bills | 3.18% |
| 91 DTB (24-Sep-2026) | Treasury Bills | 3.17% |
| 182 DTB (03-Sep-2026) | Treasury Bills | 2.54% |
The largest holding, Reverse Repo (01-Sep-2026), accounts for 94.04% of the portfolio, so a single cash-like instrument is carrying most of the scheme’s current positioning. That is consistent with an overnight mandate and may help keep the NAV steady, but it also means the portfolio has very little spread across assets.
The remaining holdings are all Treasury Bills, and the weights fall sharply after the top holding. The last disclosed holding is only 2.54%, which shows that the disclosed portfolio is extremely top-heavy rather than evenly distributed.
Because the four disclosed holdings together add up to 100%, there is no longer tail visible in the current holding list. In practical terms, the scheme appears highly concentrated in cash and government securities, which could support low volatility and quick liquidity, while leaving limited room for return variation from active asset rotation.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors with a conservative risk tolerance who want a low-volatility place for short-duration money. The Low Risk label and the portfolio mix point to capital preservation and liquidity as the main goals, not high growth.
Its 1-year return has held up well against the benchmark, but the scheme is too new to judge across a full cycle. The trade-off is clear: steadier behaviour and easier parking of cash, in exchange for modest return potential that is unlikely to compete with equity-oriented funds over time.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of JioBlackRock Overnight Fund Direct Growth Plan?
The current NAV is ₹1064.5592 as of 15 September 2026.
What are the 1-year, 3-year and 5-year returns?
The 1-year return is 5.28%, while the 3-year and 5-year returns are not available because the fund does not yet have those track records.
How does the fund compare with the benchmark?
It has outperformed the benchmark in every available period. The 1-year return is positive while the benchmark’s 1-year return is negative, and the same pattern holds over 1M and 3M.
How does it compare with peer overnight funds?
Its 1-year return is close to the peer group, but several comparable funds with longer histories show 3-year and 5-year returns in the mid-6% to high-5% range. This fund does not yet have those longer figures.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Vikrant Mehta, Siddharth Deb and Arun Ramachandran. There is no exit load.
Bottom line
JioBlackRock Overnight Fund Direct Growth Plan looks like a conservative cash-management option rather than a return-led fund. Its recent results are steady and ahead of the benchmark, but the scheme is still young, so the longer-term picture is not yet established. Compared with peers that have longer track records, the 1-year figure is competitive but not clearly ahead. The portfolio is overwhelmingly concentrated in reverse repo and Treasury Bills, which supports stability and liquidity, making the fund better suited to low-risk, short-horizon investors.
Published on 16 September 2026 at 6:43 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.