Quant Overnight Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quant Overnight Fund Direct Growth Plan currently has a NAV of ₹12.5925 as of 17 Sep 2026 and an AUM of ₹58 Cr. Its 1-year, 3-year and 5-year returns are 5.05%, 6.13% and 0% respectively, and the fund sits in the Low Risk category. Our view is that this is a short-horizon, stability-first overnight fund with measured return delivery and a portfolio that is built almost entirely around cash-like instruments.

The scheme has been steady rather than fast-moving, and its return pattern is more about preservation and consistency than upside capture. That makes it more relevant for conservative investors who value low volatility and daily liquidity, rather than those looking for strong capital appreciation.

Quick facts

Particular	Details
NAV	₹12.5925 as of 17 Sep 2026
AUM	₹58 Cr
Expense Ratio	0.14%
Launch Date	05 Dec 2022
Min SIP	₹1,000
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Liquid
Exit Load	No exit load
Fund Managers	Sanjeev Sharma, Haroonvardhan Sirohi

The fund is managed by Sanjeev Sharma and Haroonvardhan Sirohi.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.37%	-3.66%
3M	1.2%	-3.71%
1Y	5.05%	-7.13%
3Y	6.13%	5.82%
5Y	Data not available	Data not available

The recent picture is modestly positive for the fund. Over 1 month and 3 months, the scheme stayed in positive territory while the benchmark was negative, which suggests a much steadier short-term path than the index.

The 1-year return of 5.05% is also comfortably ahead of the benchmark’s -7.13% reading. That gap does not mean the fund is designed to outperform equities over full cycles; it simply shows that an overnight style portfolio can hold its value better when the benchmark is weak.

The 3-year return of 6.13% is close to the benchmark’s 5.82%, so the longer view is less one-sided than the recent period. In other words, the fund has shown a stable return pattern, but not a wide margin of outperformance over a full 3-year stretch.

Because the holding pattern is so conservative, the return profile has been smooth rather than dramatic. The key takeaway for our view is that the fund has behaved like a low-volatility parking option, with short-term resilience standing out more than long-run excess return.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Quant Overnight?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Quant Overnight Fund Direct Growth Plan	5.05%	6.13%	Data not available
Bank of India Overnight Fund Direct Growth Plan	5.51%	6.21%	5.83%
360 ONE Overnight Fund Direct Growth Plan	5.31%	Data not available	Data not available
Baroda BNP Paribas Overnight Fund Direct Growth Plan	5.29%	6.08%	5.72%
Nippon India Overnight Fund Direct Growth Plan	5.29%	6.09%	5.73%
JioBlackRock Overnight Fund Direct Growth Plan	5.28%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

In the 1-year bucket, the fund is below Bank of India, 360 ONE, Baroda BNP Paribas, Nippon India and JioBlackRock on the figures available here, but the gap is not very wide. The more important point is that it has still delivered a positive 1-year return while the benchmark was negative.

At the 3-year horizon, the fund’s 6.13% return sits close to Baroda BNP Paribas and Nippon India, and just under Bank of India. That suggests the longer-run pattern is broadly in line with the better-known overnight peers rather than sharply different from them.

For 5-year numbers, only some peers have figures available, and those available peers are above the fund’s 0% shown here because the scheme does not yet have a full 5-year record. So the short-term comparison looks competitive within the overnight space, while the longer-term table is constrained by the fund’s shorter history.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS 01-Sep-2026 Depo 10	Cash & Cash Equivalents and Net Assets	98.92%
Nca-Net Current Assets	Cash & Cash Equivalents and Net Assets	1.08%

The largest holding is TREPS 01-Sep-2026 Depo 10 at 98.92%, which tells us that the scheme is concentrated in a very short-duration cash-like placement rather than a broad spread of securities. The second line item is only 1.08%, so the drop from the first holding to the rest of the disclosed portfolio is steep.

Because there are only 2 disclosed holdings and they account for 100% of the portfolio, the fund appears highly concentrated in overnight-style liquidity management. That structure may help keep price movement limited, but it also means the portfolio does not offer diversification across many positions.

For investors, the key point is that the disclosed holdings support a very defensive posture. The portfolio may contribute more to capital preservation and liquidity than to return enhancement, which fits the behaviour seen in the performance section.

Source data date: as of 17 Sep 2026

Who should invest

This fund suits conservative investors who are comfortable with a Low Risk profile and want a very short holding period orientation. The return pattern is steady, with positive 1-month, 3-month, 1-year and 3-year figures, while the benchmark comparison shows that it can hold up better when the index is weak.

The main trade-off is that this stability comes with limited upside. The portfolio is almost entirely in cash-equivalent exposure, so investors looking for higher growth or meaningful long-term compounding may need a different product. Our view is that this is more appropriate as a parking or liquidity-oriented fund than as a core growth allocation.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Quant Overnight Fund Direct Growth Plan?

The current NAV is ₹12.5925 as of 17 Sep 2026.

What are the 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 5.05%, the 3-year return is 6.13%, and the 5-year return is not available because the scheme has a shorter history.

How does the fund compare with the benchmark?

It has outpaced the benchmark over 1 month, 3 months and 1 year, while the 3-year return is close to the benchmark’s 3-year figure.

How does it compare with peer overnight funds?

Its 1-year return is slightly below several listed overnight peers, while its 3-year return is broadly in the same range as the available longer-term peer figures.

What is the exit load?

There is no exit load for this fund.

Who manages the fund and what is the portfolio style?

The fund is managed by Sanjeev Sharma and Haroonvardhan Sirohi. The portfolio is heavily concentrated in TREPS and net current assets, which keeps it aligned with an overnight, liquidity-first style.

Bottom line

Quant Overnight Fund Direct Growth Plan has been steadier in the short run than the benchmark, while its 3-year return is close to the benchmark rather than far ahead of it. Compared with peers, the 1-year and 3-year numbers are broadly competitive but not clearly standout. The low-risk profile and near-total concentration in cash-like exposure make it a fit for conservative, liquidity-oriented investors who value stability and short holding periods more than higher growth potential.

Published on 18 September 2026 at 9:48 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.