{"id":228081,"date":"2026-09-02T15:27:20","date_gmt":"2026-09-02T09:57:20","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=228081"},"modified":"2026-09-02T15:27:22","modified_gmt":"2026-09-02T09:57:22","slug":"aditya-birla-sl-overnight-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/","title":{"rendered":"Aditya Birla SL Overnight Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-overnight-fund-g-direct-plan\">Aditya Birla SL Overnight Fund Direct Growth Plan<\/a> had a NAV of \u20b91488.357 as of 01 Sep 2026 and an AUM of \u20b99,747 Cr. Its 1-year, 3-year and 5-year returns are 5.29%, 6.10% and 5.70%, and the risk category is Low Risk.<\/p>\n<p>Our view is that this is a conservative liquid fund with stable behaviour, modest return consistency and a portfolio dominated by cash-like instruments. It suits investors who value low volatility and do not expect equity-style upside.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Aditya_Birla_SL_Overnight\" title=\"Should you BUY or HOLD Aditya Birla SL Overnight?\">Should you BUY or HOLD Aditya Birla SL Overnight?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Aditya_Birla_SL_Overnight_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Aditya Birla SL Overnight Fund Direct Growth Plan?\">What is the current NAV of Aditya Birla SL Overnight Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_its_benchmark\" title=\"How does the fund compare with its benchmark?\">How does the fund compare with its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_overnight_funds\" title=\"How does it compare with peer overnight funds?\">How does it compare with peer overnight funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_its_exit_load\" title=\"Who manages the fund and what is its exit load?\">Who manages the fund and what is its exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-overnight-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b91488.357<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b99,747 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.08%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Nov 2018<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b90<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Low Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Liquid<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Kaustubh Gupta<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Kaustubh Gupta.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 01 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.41%<\/td>\n<td>-2.9%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.28%<\/td>\n<td>2.44%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.29%<\/td>\n<td>-2.9%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>6.10%<\/td>\n<td>6.01%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>5.70%<\/td>\n<td>6.43%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund\u2019s short-term pattern has been steadier than the benchmark\u2019s. Over 1 month and 1 year, the benchmark moved sharply at points, while the fund stayed positive in both windows. That kind of profile matters for investors who want low drama rather than chasing large jumps.<\/p>\n<p>Over 3 years, the fund and benchmark have been close, with the fund slightly ahead at 6.10% versus 6.01%. Over 5 years, however, the benchmark has been stronger at 6.43% compared with the fund\u2019s 5.70%. Our reading is that the fund has kept up reasonably well over medium horizons, but it has not consistently outpaced the benchmark over the full period.<\/p>\n<p>The return pattern also fits the portfolio mix. With most of the portfolio in TREPS and reverse repo, the fund is built for stability and liquidity, so a smooth compounding pattern is more relevant than high absolute growth. Recent behaviour suggests that the fund has remained defensive, and that is exactly how we would expect an overnight-style portfolio to behave.<\/p>\n<p>For investors, the key point is that the fund has shown controlled movement rather than aggressive acceleration. The trade-off is visible in the 5-year period, where the return is decent but not the strongest outcome versus the benchmark.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 01 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin: 28px 0; padding: 24px; border-radius: 10px; border: 1px solid #d8e3f0; background: #f7faff;\">\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Aditya_Birla_SL_Overnight\"><\/span>Should you BUY or HOLD Aditya Birla SL Overnight?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Aditya Birla SL Overnight? Thinking of investing now?<\/strong><\/p>\n<p><a style=\"font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/mutual-funds\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-overnight-fund-g-direct-plan\">Aditya Birla SL Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.29%<\/td>\n<td>6.10%<\/td>\n<td>5.70%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bank-of-india-overnight-fund-g-direct-plan\">Bank of India Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.54%<\/td>\n<td>6.24%<\/td>\n<td>5.82%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/360-one-overnight-fund-g-direct-plan\">360 ONE Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.35%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/baroda-bnp-paribas-overnight-fund-g-direct-plan\">Baroda BNP Paribas Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.32%<\/td>\n<td>6.11%<\/td>\n<td>5.70%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/nippon-india-overnight-fund-g-direct-plan\">Nippon India Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.32%<\/td>\n<td>6.12%<\/td>\n<td>5.72%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-overnight-fund-g-direct-plan\">DSP Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.31%<\/td>\n<td>6.10%<\/td>\n<td>5.70%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the latest 1-year figure, the fund trails Bank of India Overnight Fund Direct Growth Plan but stays very close to the rest of the peer set. The gap is not wide, which suggests a fairly tight return band across this category.<\/p>\n<p>Over 3 years, the fund is slightly behind Bank of India Overnight Fund Direct Growth Plan and Nippon India Overnight Fund Direct Growth Plan, while remaining close to Baroda BNP Paribas Overnight Fund Direct Growth Plan and DSP Overnight Fund Direct Growth Plan. Over 5 years, it again sits a little below the stronger peer figures, but the difference is modest rather than dramatic.<\/p>\n<p>The short-term and longer-term comparisons tell a similar story: this fund has been consistent, but it has not led the available peer returns on the longer windows. For investors, that means the case rests more on stability and liquidity management than on return advantage.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 01 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin: 20px 0; padding: 16px 18px; border: 1px solid #d8e3f0; border-radius: 8px; background: #f7faff;\">\n<p style=\"margin: 0;\"><strong>Want to know more?<\/strong> <a style=\"font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>57.89%<\/td>\n<\/tr>\n<tr>\n<td>Reverse Repo<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>38.34%<\/td>\n<\/tr>\n<tr>\n<td>91 Day T-Bill 13.08.26<\/td>\n<td>Treasury Bills<\/td>\n<td>2.05%<\/td>\n<\/tr>\n<tr>\n<td>364 Day T-Bill 20.08.26<\/td>\n<td>Treasury Bills<\/td>\n<td>1.79%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, TREPS, accounts for 57.89% of the portfolio, so it is likely to have the greatest influence on day-to-day stability. Reverse repo is also large at 38.34%, which means the fund is very heavily tilted toward cash-like and short-duration instruments.<\/p>\n<p>The drop from the first holding to the third and fourth is steep. After the two very large cash-equivalent positions, the rest of the disclosed portfolio is split between two treasury bill holdings of only 2.05% and 1.79%, which shows how quickly the weight tapers off.<\/p>\n<p>Because all four disclosed holdings add up to 100% and there are only four rows in the visible portfolio, the structure is highly concentrated in a few positions rather than spread across a long tail. That concentration is not unusual for an overnight-oriented liquid strategy, but it does mean the portfolio is tightly anchored to cash management instruments.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 01 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is suited to conservative investors who want low volatility and are comfortable with a low-risk profile. The 1-year, 3-year and 5-year returns show steady compounding rather than strong capital appreciation, and the benchmark comparison indicates that it has stayed broadly in line over some periods while lagging slightly over longer ones.<\/p>\n<p>Our view is that the better fit is an investor with a short holding horizon or a parking role in mind, where liquidity and stability matter more than chasing higher returns. The main trade-off is clear: you accept a modest return profile in exchange for a portfolio that is dominated by cash-equivalent holdings and behaves in a controlled manner.<\/p>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 01 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Aditya_Birla_SL_Overnight_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Aditya Birla SL Overnight Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b91488.357 as of 01 Sep 2026.<\/p>\n<h3 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s 1-year, 3-year and 5-year returns are 5.29%, 6.10% and 5.70%.<\/p>\n<h3 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_its_benchmark\"><\/span>How does the fund compare with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is slightly ahead of the benchmark over 3 years, but behind over 5 years. Over 1 year, the fund is positive while the benchmark is negative.<\/p>\n<h3 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_overnight_funds\"><\/span>How does it compare with peer overnight funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its returns are broadly in the same band as the peer funds listed here, though Bank of India Overnight Fund Direct Growth Plan is a little stronger on the available 1-year, 3-year and 5-year figures.<\/p>\n<h3 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b90.<\/p>\n<h3 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_its_exit_load\"><\/span>Who manages the fund and what is its exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Kaustubh Gupta manages the fund. The exit load is nil.<\/p>\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aditya Birla SL Overnight Fund Direct Growth Plan looks like a steady liquid fund rather than a return leader. Recent performance has stayed stable, while the longer-term record is broadly respectable but a little weaker than the benchmark over 5 years and a shade behind some peers on the available windows. The portfolio is heavily concentrated in TREPS and reverse repo, which reinforces its low-risk character. For investors who want liquidity, stability and a low-volatility profile, that mix is useful; for those seeking higher growth, it is naturally limited.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size: 14px; color: #666; margin: 20px 0 8px;\">Published on 2 September 2026 at 3:23 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin: 28px 0; padding: 24px; border-radius: 10px; background: #eef5ff; border: 1px solid #cddff7; text-align: center;\">\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a style=\"display: inline-block; padding: 11px 20px; border-radius: 6px; background: #1f4e79; color: #fff !important; text-decoration: none; font-weight: bold;\" href=\"https:\/\/univest.in\/user\/log-in\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight: bold;\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Aditya Birla SL Overnight Fund Direct Growth Plan\",\"identifier\":\"aditya-birla-sl-overnight-fund-g-direct-plan\",\"category\":\"Liquid\",\"dateCreated\":\"01 Nov 2018\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":1488.357,\"valueReference\":\"as of 01 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"9747 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.08\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.2911},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":6.0977},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":5.7},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Kaustubh Gupta\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Aditya Birla SL Overnight Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b91488.357 as of 01 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year, 3-year and 5-year returns are 5.29%, 6.10% and 5.70%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is slightly ahead of the benchmark over 3 years, but behind over 5 years. Over 1 year, the fund is positive while the benchmark is negative.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer overnight funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its returns are broadly in the same band as the peer funds listed here, though Bank of India Overnight Fund Direct Growth Plan is a little stronger on the available 1-year, 3-year and 5-year figures.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b90.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is its exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Kaustubh Gupta manages the fund. The exit load is nil.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. 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Ltd. \u2014 SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aditya Birla SL Overnight Fund Direct Growth Plan had a NAV of \u20b91488.357 as of 01 Sep 2026, with 1Y\/3Y\/5Y returns of 5.29%\/6.10%\/5.70% and a Low Risk profile.<\/p>\n","protected":false},"author":29,"featured_media":228079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-228081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["228079"],"rank_math_title":["Aditya Birla SL Overnight Fund NAV, Returns &amp; Review"],"rank_math_description":["Aditya Birla SL Overnight Fund Direct Growth Plan review: NAV \u20b91488.357, 1Y return 5.29%, 3Y 6.10%, 5Y 5.70%."],"rank_math_focus_keyword":["Aditya Birla SL Overnight 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