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 currently has a NAV of ₹1210.5875 as of 20 Sep 2026 and scheme AUM of ₹653 Cr. Its 1-year, 3-year and 5-year returns are 5.33%, 6.09% and 0%, and the fund sits in the Low Risk bucket.
Our view is that this is a conservative overnight-style product with steady but modest trailing performance. The portfolio is dominated by cash and cash equivalents, so it is better suited to investors who prioritise capital preservation and liquidity over return chasing.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,210.5875 as of 20 Sep 2026 |
| AUM | ₹653 Cr |
| Expense Ratio | 0.07% |
| Launch Date | 05 Jul 2023 |
| Min SIP | ₹1,000 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Fund Category | Liquid |
| 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 20 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.4% | -3.73% |
| 3M | 1.27% | -3.14% |
| 1Y | 5.33% | -5.31% |
| 3Y | 6.09% | 6.3% |
| 5Y | Data not available | Data not available |
The recent pattern is steadier than the benchmark in the short run. Over 1M and 3M, the fund posted positive returns while the benchmark was negative, which suggests the portfolio has been far less sensitive to market swings than the reference index.
The 1-year return also remained positive at 5.33%, while the benchmark was still negative over the same horizon. That tells us the fund has cushioned short-term volatility well, even if the absolute return is modest.
The longer view is more muted. At 3 years, the fund’s 6.09% is close to the benchmark’s 6.3%, so it has broadly tracked the reference profile rather than clearly pulling ahead. The 5-year figure is not available because the fund has a shorter track record, so the longer compounding picture is limited.
For investors, the main message is consistency rather than excitement. The return path points to low day-to-day movement and a smoother profile, which is aligned with an overnight and cash-heavy structure.
Source data date: as of 20 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 |
| Axis Liquid Fund Direct Growth Plan | 6.58% | 7.01% | 6.4% |
| Aditya Birla SL Liquid Fund Direct Growth Plan | 6.57% | 7.01% | 6.41% |
| Sundaram Liquid Fund Direct Growth Plan | 6.57% | 7% | 6.38% |
| JioBlackRock Liquid Fund Direct Growth Plan | 6.57% | Data not available | Data not available |
| Nippon India Liquid Fund Direct Growth Plan | 6.55% | 6.98% | 6.38% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the leading liquid-fund peers in this set, where the available figures cluster around 6.55% to 6.58%. That gap is noticeable, although the fund is still positive and ahead of the benchmark over the same horizon.
On 3-year returns, the gap narrows materially. The fund’s 6.09% is only slightly below the peer liquid-fund figures that are available, which mostly sit around 6.98% to 7.01%.
The 5-year comparison is less useful because this fund does not yet have a 5-year return, while several peers do. That means the short-term comparison looks weaker than peers, but the medium-term picture is closer than the 1-year number alone suggests.
Source data date: as of 20 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, Clearing Corporation of India Ltd, accounts for 95.15% of the portfolio. That is an extremely dominant position, so the fund’s day-to-day behaviour is likely to be shaped mainly by cash and near-cash parking rather than by broad diversification across many securities.
The rest of the portfolio is spread across a small set of very short-term instruments, and the weights drop sharply after the first line item. The second holding is only 2.3%, while the remaining three holdings are each below 1%, which shows a steep fall-off from the core cash position.
Because the top five disclosed holdings already add up to 99.75%, the portfolio is highly concentrated in just a handful of positions. With only 5 disclosed holdings in total, the fund looks designed for tight liquidity management and limited exposure breadth, which may support stability but could also cap return potential.
Source data date: as of 20 Sep 2026
Who should invest
This fund suits conservative investors who want low volatility and short holding periods rather than return-maximising exposure. The Low Risk label and the cash-heavy portfolio point to a product that may be appropriate for parking money temporarily, managing surplus cash, or seeking a more stable short-duration allocation.
The trade-off is clear: the fund has produced positive returns, but they have been modest and have lagged better liquid-fund peers on recent 1-year figures. Investors who can accept that modest return profile in exchange for a steadier ride may find the structure more suitable than those looking for stronger upside.
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 20 Sep 2026
Frequently asked questions
What is the current NAV of Bajaj Finserv Overnight Fund Direct Growth Plan?
The current NAV is ₹1210.5875 as of 20 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.33%, the 3-year return is 6.09%, and the 5-year return is not available because the fund does not have a 5-year track record yet.
How does it compare with the benchmark?
It has done better than the benchmark over 1M, 3M and 1Y, while the 3Y figure is broadly close to the benchmark. That points to steadier short-term behaviour than the index used for comparison.
How does it compare with peer liquid funds?
Its 1-year return is below the peer liquid funds listed here, while the 3-year return is closer to theirs. The 5-year comparison is limited because this fund does not yet have a 5-year return.
Is there a minimum SIP amount?
The minimum SIP amount is ₹1000.
What should investors know about risk, portfolio and exit load?
The fund is in the Low Risk category, and its portfolio is heavily concentrated in Clearing Corporation of India Ltd and other short-term money-market instruments. There is no exit load, and the fund is managed by Siddharth Chaudhary, Nimesh Chandan, Chirag Shah and Sourish Chatterjee.
Bottom line
This is a low-risk, cash-heavy fund whose recent returns have been steady but not especially strong versus liquid-fund peers on the available 1-year numbers. The 3-year result is closer to peer levels, which suggests the fund has been more competitive over a slightly longer period than the latest figure alone implies. Its portfolio is dominated by a single cash-equivalent holding, so the main appeal is stability and liquidity rather than broad diversification or high upside.
Published on 21 September 2026 at 11:24 AM 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.