{"id":248982,"date":"2026-09-16T11:53:10","date_gmt":"2026-09-16T06:23:10","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/bandhan-overnight-fund-direct-growth-review-2026\/"},"modified":"2026-09-16T11:53:10","modified_gmt":"2026-09-16T06:23:10","slug":"bandhan-overnight-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bandhan-overnight-fund-direct-growth-review-2026\/","title":{"rendered":"Bandhan Overnight Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-overnight-fund-g-direct-plan\">Bandhan Overnight Fund Direct Growth Plan<\/a> is trading at \u20b91470.2971 as of 15 Sep 2026, with an AUM of \u20b91,160 Cr. Its 1-year, 3-year and 5-year returns are 5.28%, 6.08% and 5.71%, and the fund sits in the Low Risk category.<\/p>\n<p>Our view is that this is a steady, cash-and-short-duration oriented overnight fund for conservative investors who want low volatility more than high return potential. The portfolio is dominated by reverse repo, certificates of deposit and treasury bills, which supports stability, but also means the return profile is likely to stay close to short-term rates rather than equity-style growth.<\/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\/bandhan-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\/bandhan-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\/bandhan-overnight-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Bandhan_Overnight\" title=\"Should you BUY or HOLD Bandhan Overnight?\">Should you BUY or HOLD Bandhan 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\/bandhan-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\/bandhan-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\/bandhan-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\/bandhan-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\/bandhan-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\/bandhan-overnight-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Bandhan_Overnight_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Bandhan Overnight Fund Direct Growth Plan?\">What is the current NAV of Bandhan 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\/bandhan-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\/bandhan-overnight-fund-direct-growth-review-2026\/#How_does_it_compare_with_the_benchmark\" title=\"How does it compare with the benchmark?\">How does it compare with the 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\/bandhan-overnight-fund-direct-growth-review-2026\/#How_does_it_compare_with_the_peer_funds_listed_here\" title=\"How does it compare with the peer funds listed here?\">How does it compare with the peer funds listed here?<\/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\/bandhan-overnight-fund-direct-growth-review-2026\/#Is_there_a_minimum_SIP_amount\" title=\"Is there a minimum SIP amount?\">Is there a 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\/bandhan-overnight-fund-direct-growth-review-2026\/#What_are_the_risk_level_key_holdings_and_exit_load\" title=\"What are the risk level, key holdings and exit load?\">What are the risk level, key holdings and 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\/bandhan-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\/bandhan-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\/bandhan-overnight-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><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>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b91,470.2971 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b91,160 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.05%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>18 Jan 2019<\/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>Equity<\/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>Brijesh Shah<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Brijesh Shah.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><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>0.4%<\/td>\n<td>-4.81%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.26%<\/td>\n<td>-3.63%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.28%<\/td>\n<td>-8.27%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>6.08%<\/td>\n<td>5.59%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>5.71%<\/td>\n<td>5.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent return pattern is calm rather than dramatic. Over 1 month and 3 months, the fund has stayed positive while the benchmark has been negative, which points to the portfolio acting as a defensive parking place when markets are choppy.<\/p>\n<p>That short-term stability also matches the broader 1-year result. The fund\u2019s 5.28% one-year return is positive, while the benchmark shows a decline over the same period, so the fund has held up better through the latest cycle. The shape of the return path suggests only modest movement, which is what we would expect from an overnight strategy.<\/p>\n<p>Over longer horizons, the picture is more measured. The 3-year return of 6.08% is slightly ahead of the benchmark\u2019s 5.59%, and the 5-year return of 5.71% is also just above the benchmark\u2019s 5.58%. That tells us the fund has done what conservative cash management products are meant to do: preserve stability first, while still generating a small edge over the index over time.<\/p>\n<p>What stands out is that the recent period and the longer horizon point in the same direction. The fund has not shown sharp swings, and the consistency versus the benchmark is more important here than any single period figure. For an overnight fund, that steady compounding profile is the main takeaway.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Bandhan_Overnight\"><\/span>Should you BUY or HOLD Bandhan 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 Bandhan Overnight? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">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:700\"><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\/bandhan-overnight-fund-g-direct-plan\">Bandhan Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.28%<\/td>\n<td>6.08%<\/td>\n<td>5.71%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-liquid-fund-g-direct-plan\">Axis Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.6%<\/td>\n<td>7.02%<\/td>\n<td>6.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sundaram-liquid-fund-g-direct-plan\">Sundaram Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.6%<\/td>\n<td>7.01%<\/td>\n<td>6.38%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-liquid-fund-g-direct-plan\">Aditya Birla SL Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.59%<\/td>\n<td>7.02%<\/td>\n<td>6.41%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/jioblackrock-liquid-fund-g-direct-plan\">JioBlackRock Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.58%<\/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\/edelweiss-liquid-fund-g-direct-plan\">Edelweiss Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.57%<\/td>\n<td>7.02%<\/td>\n<td>6.39%<\/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 one-year number, the fund trails the better-performing liquid-fund peers in this set, which is not surprising for a more defensive overnight strategy. The gap is visible in both the 1-year and longer-period figures, where the liquid peers cluster above 6% while this fund stays closer to the mid-5% to low-6% range.<\/p>\n<p>Even so, the 3-year and 5-year numbers still show a stable, respectable outcome rather than clear weakness. The comparison is useful because it shows two different objectives: peers in the table have pursued a somewhat higher return band, while this fund has focused more on capital stability and low movement. For investors, the distinction matters more than the raw spread in returns.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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 href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><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>Reverse Repo<\/td>\n<td>Cash &#038; Cash Equivalents and Net Assets<\/td>\n<td>57.72%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Baroda<\/td>\n<td>Certificate of Deposit<\/td>\n<td>10.78%<\/td>\n<\/tr>\n<tr>\n<td>Canara Bank<\/td>\n<td>Certificate of Deposit<\/td>\n<td>10.78%<\/td>\n<\/tr>\n<tr>\n<td>Indian Bank<\/td>\n<td>Certificate of Deposit<\/td>\n<td>10.78%<\/td>\n<\/tr>\n<tr>\n<td>Triparty Repo TRP_010926<\/td>\n<td>Cash &#038; Cash Equivalents and Net Assets<\/td>\n<td>6.14%<\/td>\n<\/tr>\n<tr>\n<td>91 Days Tbill (MD 10\/09\/2026)<\/td>\n<td>Treasury Bills<\/td>\n<td>3.44%<\/td>\n<\/tr>\n<tr>\n<td>182 Days Tbill (MD 03\/09\/2026)<\/td>\n<td>Treasury Bills<\/td>\n<td>1.29%<\/td>\n<\/tr>\n<tr>\n<td>182 Days Tbill (MD 18\/09\/2026)<\/td>\n<td>Treasury Bills<\/td>\n<td>1.29%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, Reverse Repo, is 57.72% of the portfolio, so it is likely to have the greatest influence on day-to-day stability. The next three positions are all certificates of deposit at 10.78% each, which creates a very clear core around short-term money-market instruments.<\/p>\n<p>Weight falls quickly after that first block. From 57.72% in the largest holding to 6.14% in triparty repo, the fund shifts sharply toward smaller support positions, and the treasury-bill holdings are lighter still at 3.44%, 1.29% and 1.29%. That pattern suggests a portfolio built for liquidity and low movement rather than for broad diversification across many unrelated assets.<\/p>\n<p>Because the disclosed holdings list contains only 8 lines and the top holdings together account for 100% of the portfolio, the structure looks highly concentrated in a handful of very short-duration cash instruments. That concentration may help keep the fund\u2019s behaviour steady, but it also means the portfolio is not designed to spread risk across a long tail of positions.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><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 best suited to investors who are comfortable with low-risk positioning and want a short-horizon parking option rather than a return-maximising product. The 1-year, 3-year and 5-year figures are steady, but they are not meaningfully above liquid-fund-style alternatives in the peer set, so the trade-off is clear: lower movement and simple cash-like exposure in exchange for a more modest return profile.<\/p>\n<p>Our view is that the fund fits investors who value stability, quick access and a portfolio built largely around reverse repo, CDs and treasury bills. The benchmark comparison also supports that read, because the fund has held up better than the benchmark in the recent period and stayed close to it over longer horizons. A longer holding period is not required for this kind of strategy, but investors should still expect incremental gains rather than large jumps.<\/p>\n<h2 style=\"font-weight:700\"><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><strong>Exit load:<\/strong> No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><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:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Bandhan_Overnight_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Bandhan Overnight Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b91470.2971 as of 15 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><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 5.28%, 6.08% and 5.71%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_the_benchmark\"><\/span>How does it compare with the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has stayed above the benchmark over 1 month, 3 months, 1 year, 3 years and 5 years. The recent gap is especially visible in the 1-year period, where the benchmark is negative and the fund remains positive.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_the_peer_funds_listed_here\"><\/span>How does it compare with the peer funds listed here?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund trails the listed liquid-fund peers on the 1-year figure, and the longer-period returns are also generally lower where data is available. That difference reflects a more defensive overnight profile rather than a high-return liquid-fund stance.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Is_there_a_minimum_SIP_amount\"><\/span>Is there a minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No minimum SIP amount is stated here. The fund does allow SIPs, but the minimum SIP value is not specified.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_risk_level_key_holdings_and_exit_load\"><\/span>What are the risk level, key holdings and exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is in the Low Risk category. Its portfolio is dominated by reverse repo, certificates of deposit and treasury bills, and it has no exit load. Brijesh Shah is the current fund manager.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bandhan Overnight Fund Direct Growth Plan has a calm return pattern that is more consistent than exciting, and that is exactly what its portfolio suggests. It has edged the benchmark over the medium and long term, while the peer set here shows that liquid-fund alternatives have delivered somewhat higher returns. The fund\u2019s strength is its low-risk, cash-heavy structure, led by reverse repo and short-term paper. For investors who want stability and liquidity first, it fits the role well.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 11:52 AM 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:700\"><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 href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><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\":\"Bandhan Overnight Fund Direct Growth Plan\",\"identifier\":\"bandhan-overnight-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"18 Jan 2019\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":1470.2971,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"1160 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.05\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.28},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":6.08},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":5.71},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Brijesh Shah\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Bandhan Overnight Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b91470.2971 as of 15 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 5.28%, 6.08% and 5.71%.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has stayed above the benchmark over 1 month, 3 months, 1 year, 3 years and 5 years. The recent gap is especially visible in the 1-year period, where the benchmark is negative and the fund remains positive.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund trails the listed liquid-fund peers on the 1-year figure, and the longer-period returns are also generally lower where data is available. That difference reflects a more defensive overnight profile rather than a high-return liquid-fund stance.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No minimum SIP amount is stated here. The fund does allow SIPs, but the minimum SIP value is not specified.\"}},{\"@type\":\"Question\",\"name\":\"What are the risk level, key holdings and exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is in the Low Risk category. Its portfolio is dominated by reverse repo, certificates of deposit and treasury bills, and it has no exit load. Brijesh Shah is the current fund manager.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bandhan Overnight Fund Direct Growth Plan is a Low Risk overnight fund with a \u20b91470.2971 NAV as of 15 Sep 2026, \u20b91,160 Cr AUM and 5.28% 1Y returns.<\/p>\n","protected":false},"author":38,"featured_media":248978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-248982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["248978"],"rank_math_title":["Bandhan Overnight Fund Review 2026 | NAV, Returns"],"rank_math_description":["Bandhan Overnight Fund Direct Growth Plan has a \u20b91470.2971 NAV and 5.28% 1Y return as of 15 Sep 2026. Review the fund\u2019s returns and portfolio."],"rank_math_focus_keyword":["Bandhan Overnight Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Bandhan_Overnight_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/248982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=248982"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/248982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/248978"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=248982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=248982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=248982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}