Bajaj Finserv Overnight Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bajaj Finserv Overnight Fund Direct Growth Plan is an overnight fund with a current NAV of ₹1,210.0837 as of 17 Sep 2026 and scheme AUM of ₹653 Cr. Its 1-year, 3-year and 5-year returns are 5.33%, 6.09% and 0% respectively, and it sits in the Low Risk category.
Our view is that the fund suits conservative cash-management needs more than return-chasing goals. The portfolio is heavily anchored in cash and very short-dated instruments, so the return profile is steady rather than exciting, and that is exactly how an overnight allocation should usually behave.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,210.0837 as of 17 Sep 2026 |
| AUM | ₹653 Cr |
| Expense Ratio | 0.07% |
| Launch Date | 05 Jul 2023 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Exit Load | No exit load |
| Fund Managers | Siddharth Chaudhary, Nimesh Chandan, Chirag Shah, Sourish Chatterjee |
The fund is managed by Siddharth Chaudhary, Nimesh Chandan, Chirag Shah and Sourish Chatterjee.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.4% | -3.66% |
| 3M | 1.27% | -3.71% |
| 1Y | 5.33% | -7.13% |
| 3Y | 6.09% | 5.82% |
| 5Y | Data not available | Data not available |
The fund has held up well in the recent periods, with positive 1-month, 3-month and 1-year returns while the benchmark was negative over the same horizons. That pattern tells us the strategy has remained defensive through a weaker market backdrop, which is what investors usually want from an overnight allocation.
Over 3 years, the fund’s 6.09% return is close to the benchmark’s 5.82%, so the longer run has been more about preserving consistency than building a large lead. The shorter-term numbers are slightly stronger than the 3-year figure, which suggests the recent path has been stable rather than volatile.
The 5-year figure is not available because the fund has not been running long enough for that comparison. Even so, the daily movement profile shown in the recent periods is calm, and the return pattern does not suggest any sharp swings that would be out of place for an overnight fund.
Relative to the benchmark, the key point is that the fund has outpaced the index in the recent windows, while the 3-year gap is modest. That combination supports a view of the fund as a low-drama cash parking option rather than a source of meaningful excess return.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Bajaj Finserv 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 Bajaj Finserv Overnight? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bajaj Finserv Overnight Fund Direct Growth Plan | 5.33% | 6.09% | Data not available |
| Aditya Birla SL Liquid Fund Direct Growth Plan | 6.59% | 7.02% | 6.41% |
| Axis Liquid Fund Direct Growth Plan | 6.59% | 7.01% | 6.4% |
| Sundaram Liquid Fund Direct Growth Plan | 6.58% | 7% | 6.38% |
| JioBlackRock Liquid Fund Direct Growth Plan | 6.57% | Data not available | Data not available |
| Nippon India Liquid Fund Direct Growth Plan | 6.56% | 6.99% | 6.37% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the recent 1-year figure, the fund trails the liquid-fund peers listed here, where the available returns are clustered around 6.56% to 6.59%. That gap is not unusual for an overnight fund, but it does show that the fund has been more conservative than those peers.
On the 3-year view, the fund’s 6.09% return is also below the available peer range of 6.99% to 7.02%, which means the longer comparison has been similar to the shorter one: steadier, but not as return-rich as the liquid funds shown here. The JioBlackRock Liquid Fund does not have 3-year or 5-year figures available, so it is best read only on the 1-year number.
The picture is consistent rather than contradictory. Short-term and longer-term comparisons both point to the same broad takeaway: this fund has behaved defensively, while the peer liquid funds have posted higher returns over the same available periods.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| CLEARING CORPORATION OF INDIA LTD | Cash & Cash Equivalents and Net Assets | 95.15% |
| PUNJAB NATIONAL BANK (01/09/2026) | Certificate of Deposit | 2.3% |
| 182 DAYS TBILL (MD 03/09/2026) | Treasury Bills | 0.77% |
| 91 DAYS TBILL (MD 03/09/2026) | Treasury Bills | 0.77% |
| 182 DAYS TBILL (MD 18/09/2026) | Treasury Bills | 0.76% |
The largest holding is Clearing Corporation of India Ltd at 95.15%, so the portfolio is overwhelmingly centred on one cash-and-net-assets exposure. That level of concentration is typical of an overnight fund structure, but it also means a single position is likely to have the biggest influence on day-to-day behaviour.
After the top holding, the weights fall sharply to 2.3% and then to sub-1% treasury-bill positions. The drop from the largest line item to the rest is steep, which tells us the disclosed portfolio is not built as a broad spread of similarly sized bets.
All five disclosed holdings together account for 99.75% of the portfolio, and the full set of disclosed holdings is only five rows. Our view is that this makes the fund highly concentrated in very short-duration and cash-like instruments, with little room for a long tail of positions to change the outcome meaningfully.
Source data date: as of 17 Sep 2026
Who should invest
This fund fits investors who want a low-risk parking place for cash and can accept that returns may stay close to short-term money-market yields rather than equity-like growth. The 1-year and 3-year numbers are stable, but they are also modest, so the main trade-off is safety and liquidity versus higher return potential.
It is better suited to a short horizon or an interim allocation than to a long-term wealth-building core. The benchmark comparison shows the fund has been steadier than the Nifty 50 over recent periods, while the peer comparison suggests that liquid-fund alternatives have delivered higher return levels in the available windows.
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 17 Sep 2026
Frequently asked questions
What is the current NAV of Bajaj Finserv Overnight Fund Direct Growth Plan?
Its current NAV is ₹1,210.0837 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 5.33% for 1 year, 6.09% for 3 years and Data not available for 5 years.
How has it performed versus the benchmark?
It has outpaced the benchmark in the 1-month, 3-month and 1-year periods, while the 3-year comparison is close, with the fund at 6.09% and the benchmark at 5.82%.
How does it compare with the peer funds listed here?
Its 1-year and 3-year returns are below the liquid funds shown in the peer table, which have higher available return figures over the same periods.
Is there a minimum SIP amount shown for this fund?
No minimum SIP amount is shown here.
Who manages the fund and what is the exit load?
The fund is managed by Siddharth Chaudhary, Nimesh Chandan, Chirag Shah and Sourish Chatterjee. It has no exit load.
Bottom line
This fund’s recent performance is steady and slightly ahead of the benchmark in the short run, while the 3-year picture remains close to the index rather than dramatically above it. Compared with the liquid funds in the peer set, it has lower available return figures, which fits its more defensive profile. The portfolio is dominated by cash-like exposure, with very limited room for diversification across many positions. For investors who value capital preservation and short holding periods, that profile is coherent.
Published on 18 September 2026 at 1:48 PM IST
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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.