Choice Overnight Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

August 4, 2026
Posted by: Ankit Jaiswal
Category: Mutual Funds

Choice Overnight Fund has 4 plan/option variants. Representative NAV Rs 100.2407 (20-Jul-2026). Category Overnight Fund. Risk Low.

Choice Overnight Fund is a overnight fund offered by Choice Mutual Fund, available in Direct and Regular Plans across Daily IDCW, Growth. The scheme aims to generate returns commensurate with overnight rates by investing in overnight securities such as reverse repos, Tri-Party Repos and similar overnight maturity instruments. With multiple variants, Choice Overnight Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Choice Overnight Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Table of Contents

Choice Overnight Fund Plans and Options Available

Choice Overnight Fund is offered across 4 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
154416	Direct Plan	Daily IDCW	–	INF2KCX01061	100.2407	20-Jul-2026
154413	Direct Plan	Growth	INF2KCX01087	–	100.2407	20-Jul-2026
154414	Regular Plan	Daily IDCW	–	INF2KCX01079	100.2357	20-Jul-2026
154415	Regular Plan	Growth	INF2KCX01095	–	100.2357	20-Jul-2026

Investment Objective and Portfolio Approach

Choice Overnight Fund seeks to generate returns commensurate with overnight rates by investing in overnight securities such as reverse repos, Tri-Party Repos and similar overnight maturity instruments.

In terms of portfolio construction, the scheme holds overnight securities with maturity of one business day.

Choice Overnight Fund Performance and Returns

Choice Overnight Fund has delivered returns that are dependent on the fund manager’s portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Choice Overnight Fund

The Direct Plan of Choice Overnight Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Choice Overnight Fund

The Growth option of the scheme reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of the scheme distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of the scheme is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme’s assets.

The exit load on the scheme is typically Nil; investors should confirm in the scheme information document.

Who Should Consider the scheme

Short term parkers of capital. The scheme suits investors seeking to park surplus funds for a few days to a few months with minimal credit risk.

Conservative investors. The short maturity of the underlying portfolio in the scheme keeps interest rate and credit risk very low.

Emergency fund holders. The high liquidity of the scheme makes it a common choice for emergency or contingency funds.

Key Risks in the scheme

Credit risk. Even though the scheme invests in very short term and typically high quality instruments, a default by an issuer can affect NAV.

Interest rate risk. Very minimal given the extremely short maturity of holdings.

Liquidity risk. Typically very low for the scheme given the short maturity profile, but redemptions during market stress can be delayed.

How to Invest in Choice Overnight Fund

Investors evaluating Choice Overnight Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Choice Overnight Fund can be made as a lump sum or through a Systematic Investment Plan of at least Rs 500 lump sum for most overnight funds, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Choice Overnight Fund is a overnight fund scheme from Choice Mutual Fund available across 4 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 100.2407 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme’s performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Choice Overnight Fund

What plans and options are available in Choice Overnight Fund?

Ans. Choice Overnight Fund is available in Direct and Regular Plans and Daily IDCW, Growth, giving investors 4 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Choice Overnight Fund?

Ans. The latest NAV of the Direct Plan Growth option of Choice Overnight Fund is Rs 100.2407 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Choice Overnight Fund?

Ans. The primary objective of Choice Overnight Fund is to generate returns commensurate with overnight rates by investing in overnight securities such as reverse repos, Tri-Party Repos and similar overnight maturity instruments.

What is the difference between the Direct and Regular Plan in Choice Overnight Fund?

Ans. The Direct Plan of Choice Overnight Fund carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Choice Overnight Fund?

Ans. The Regular Plan of Choice Overnight Fund carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Choice Overnight Fund?

Ans. The exit load on Choice Overnight Fund is typically Nil; investors should confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Choice Overnight Fund?

Ans. Choice Overnight Fund can suit investors whose financial goals, risk appetite and investment horizon align with the overnight fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Choice Overnight Fund a good investment?

Ans. Choice Overnight Fund can be appropriate for investors who understand the overnight fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.