{"id":257763,"date":"2026-09-18T16:24:43","date_gmt":"2026-09-18T10:54:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/lic-mf-overnight-fund-direct-growth-review-2026\/"},"modified":"2026-09-18T16:24:43","modified_gmt":"2026-09-18T10:54:43","slug":"lic-mf-overnight-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lic-mf-overnight-fund-direct-growth-review-2026\/","title":{"rendered":"LIC MF Overnight Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/lic-mf-overnight-fund-g-direct-plan\">LIC MF Overnight Fund Direct Growth Plan<\/a> has a current NAV of \u20b91429.486 as of 17 Sep 2026 and a scheme AUM of \u20b9732 Cr. Its 1-year, 3-year and 5-year returns are 5.28%, 6.08% and 5.72% respectively, and the fund carries a Low Risk label.<\/p>\n<p>Our view is that this is a conservative overnight fund with a steady profile rather than a return-chasing one. The portfolio is dominated by reverse repo and treasury-bill exposure, which supports liquidity and stability, but the return pattern remains modest versus what many liquid-fund peers have delivered over the same 1-year period.<\/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\/lic-mf-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\/lic-mf-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\/lic-mf-overnight-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_LIC_MF_Overnight\" title=\"Should you BUY or HOLD LIC MF Overnight?\">Should you BUY or HOLD LIC MF 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\/lic-mf-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\/lic-mf-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\/lic-mf-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\/lic-mf-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\/lic-mf-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\/lic-mf-overnight-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_LIC_MF_Overnight_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of LIC MF Overnight Fund Direct Growth Plan?\">What is the current NAV of LIC MF 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\/lic-mf-overnight-fund-direct-growth-review-2026\/#What_are_the_1-year_3-year_and_5-year_returns\" title=\"What are the 1-year, 3-year and 5-year returns?\">What are the 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\/lic-mf-overnight-fund-direct-growth-review-2026\/#How_has_it_done_versus_the_benchmark\" title=\"How has it done versus the benchmark?\">How has it done versus 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\/lic-mf-overnight-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_liquid_funds_on_returns\" title=\"How does it compare with peer liquid funds on returns?\">How does it compare with peer liquid funds on returns?<\/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\/lic-mf-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\/lic-mf-overnight-fund-direct-growth-review-2026\/#What_are_the_risk_profile_portfolio_style_and_exit_load\" title=\"What are the risk profile, portfolio style and exit load?\">What are the risk profile, portfolio style 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\/lic-mf-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\/lic-mf-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\/lic-mf-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>\u20b91,429.486 as of 17 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9732 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.07%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>18 Jul 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>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Rahul Singh, Aakash Dhulia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Rahul Singh and Aakash Dhulia.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>0.40%<\/td>\n<td>-3.66%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.26%<\/td>\n<td>-3.71%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.28%<\/td>\n<td>-7.13%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>6.08%<\/td>\n<td>5.82%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>5.72%<\/td>\n<td>5.72%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent picture is stable, especially over 1M and 3M, where the fund has stayed in positive territory while the benchmark has been negative. That tells us the fund has behaved as a defensive cash-management vehicle, which is consistent with an overnight strategy.<\/p>\n<p>The 1-year return is also positive at 5.28%, but it sits below the stronger liquid-fund peers shown later in this review. Over 3 years, the fund has edged just ahead of the benchmark, and that is an encouraging sign because it suggests the portfolio has maintained its low-volatility profile without losing all of its carry.<\/p>\n<p>The 5-year return matches the benchmark at 5.72%. In our view, that is an important read-through: the fund has not separated itself meaningfully from the broad benchmark over the long run, even though it has protected capital better in the weaker short-term periods.<\/p>\n<p>The time pattern also looks uneven rather than perfectly linear. There are stretches of gradual improvement and short pullbacks, which is normal for a short-duration cash-oriented portfolio, but the overall compounding has been measured instead of aggressive. That makes the return story more about consistency than about high growth.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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_LIC_MF_Overnight\"><\/span>Should you BUY or HOLD LIC MF 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 LIC MF 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\/lic-mf-overnight-fund-g-direct-plan\">LIC MF Overnight Fund Direct Growth Plan<\/a><\/td>\n<td>5.28%<\/td>\n<td>6.08%<\/td>\n<td>5.72%<\/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\/axis-liquid-fund-g-direct-plan\">Axis Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.59%<\/td>\n<td>7.01%<\/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>6.58%<\/td>\n<td>7%<\/td>\n<td>6.38%<\/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>6.57%<\/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\/nippon-india-liquid-fund-g-direct-plan\">Nippon India Liquid Fund Direct Growth Plan<\/a><\/td>\n<td>6.56%<\/td>\n<td>6.99%<\/td>\n<td>6.37%<\/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 recent returns, the fund trails the stronger liquid-fund peers by about 1.3 percentage points on a 1-year basis. That gap matters because the current fund\u2019s short-term return cushion is clearly more modest than the better-performing peer set in the same category.<\/p>\n<p>The longer-term comparison is more balanced. At 3 years, the fund is broadly in line with the better liquid-fund examples but still a touch behind the stronger names, while at 5 years it sits below the peer returns that are available for comparison. So the short-term and long-term pictures do not tell the same story: the fund looks steadier than the benchmark, but not as rewarding as several liquid-fund alternatives.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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 &amp; Cash Equivalents and Net Assets<\/td>\n<td>90.47%<\/td>\n<\/tr>\n<tr>\n<td>182 Days Tbill Red 03-09-2026<\/td>\n<td>Treasury Bills<\/td>\n<td>2.73%<\/td>\n<\/tr>\n<tr>\n<td>182 Days Tbill Red 18-09-2026<\/td>\n<td>Treasury Bills<\/td>\n<td>2.04%<\/td>\n<\/tr>\n<tr>\n<td>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>1.95%<\/td>\n<\/tr>\n<tr>\n<td>91 Days Tbill Red 17-09-2026<\/td>\n<td>Treasury Bills<\/td>\n<td>1.36%<\/td>\n<\/tr>\n<tr>\n<td>364 Days Tbill Red 03-09-2026<\/td>\n<td>Treasury Bills<\/td>\n<td>0.68%<\/td>\n<\/tr>\n<tr>\n<td>91 Days Tbill Red 24-09-2026<\/td>\n<td>Treasury Bills<\/td>\n<td>0.68%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, Reverse Repo, alone accounts for 90.47% of the portfolio. That is a very dominant position and it tells us the fund is structured primarily for liquidity and short-horizon stability rather than for security selection across many instruments.<\/p>\n<p>The weight drops sharply after the first line item. The next holding is only 2.73%, and the rest of the disclosed positions stay at low single digits or below, which means no single Treasury Bill position comes close to the reverse-repo allocation. This is the sort of structure that can keep day-to-day movement restrained, although the fund still carries mark-to-market and rate sensitivity within its small securities sleeve.<\/p>\n<p>Because the disclosed holdings already account for 99.91% of the portfolio across 7 positions, the concentration is plainly high in the liquid cash layer and very short in the tail. In our view, that may suit investors who want quick access and a low-volatility parking place more than those looking for diversified spread across many securities.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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 suits conservative investors who want very low portfolio movement and are comfortable with overnight-fund style returns. The Low Risk label and the heavy reverse-repo weight point to a cash-like profile, so it fits best as a parking place for surplus money rather than as a primary growth engine.<\/p>\n<p>A short investment horizon makes the most sense because the fund is designed for liquidity and stability. Investors who can accept modest return potential in exchange for steadier behaviour versus the benchmark may find it more suitable than those who want strong capital appreciation or a higher long-run growth profile.<\/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>Exit load: No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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_LIC_MF_Overnight_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of LIC MF Overnight Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b91429.486 as of 17 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_1-year_3-year_and_5-year_returns\"><\/span>What are the 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 5.72%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_it_done_versus_the_benchmark\"><\/span>How has it done versus the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has beaten the benchmark over 1M, 3M and 1Y, while the 3Y and 5Y figures are broadly in line with the benchmark.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_liquid_funds_on_returns\"><\/span>How does it compare with peer liquid funds on returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is lower than the peer liquid funds listed here, and its 3-year and 5-year returns are also below the stronger peer numbers where those figures are available.<\/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 listed.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_risk_profile_portfolio_style_and_exit_load\"><\/span>What are the risk profile, portfolio style and exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is tagged Low Risk, and the portfolio is dominated by Reverse Repo at 90.47%. There is no exit load.<\/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>LIC MF Overnight Fund Direct Growth Plan looks like a stable overnight option rather than a standout return generator. Its shorter-term numbers are steady and better than the benchmark, but the longer-term picture is only moderate and lags stronger liquid-fund peers on the return figures available here. The portfolio is extremely concentrated in reverse repo and other very short-dated money-market instruments, which supports liquidity and low volatility. That profile is most relevant for conservative investors who want parking of cash with limited movement and can accept modest return potential.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 18 September 2026 at 4:23 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: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\":\"LIC MF Overnight Fund Direct Growth Plan\",\"identifier\":\"lic-mf-overnight-fund-g-direct-plan\",\"dateCreated\":\"18 Jul 2019\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":1429.486,\"valueReference\":\"as of 17 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"732 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.07\"},{\"@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\":5.72},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Rahul Singh, Aakash Dhulia\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of LIC MF Overnight Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b91429.486 as of 17 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 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 5.72%.\"}},{\"@type\":\"Question\",\"name\":\"How has it done versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the benchmark over 1M, 3M and 1Y, while the 3Y and 5Y figures are broadly in line with the benchmark.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer liquid funds on returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is lower than the peer liquid funds listed here, and its 3-year and 5-year returns are also below the stronger peer numbers where those figures are available.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No minimum SIP amount is listed.\"}},{\"@type\":\"Question\",\"name\":\"What are the risk profile, portfolio style and exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is tagged Low Risk, and the portfolio is dominated by Reverse Repo at 90.47%. There is no exit load.\"}}]}<\/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>LIC MF Overnight Fund Direct Growth Plan is a low-risk overnight fund with a \u20b91429.486 NAV, \u20b9732 Cr AUM and 5.28%, 6.08% and 5.72% returns.<\/p>\n","protected":false},"author":38,"featured_media":257761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-257763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["257761"],"rank_math_title":["LIC MF Overnight Fund Review 2026 | NAV &amp; Returns"],"rank_math_description":["LIC MF Overnight Fund Direct Growth Plan NAV is \u20b91429.486 as of 17 Sep 2026; 1Y return is 5.28% and 3Y return is 6.08%."],"rank_math_focus_keyword":["LIC MF 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\/LIC_MF_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\/257763","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=257763"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/257763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/257761"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=257763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=257763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=257763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}