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

Samco Overnight Fund Direct Growth Plan had a NAV of ₹1,257.6753 as of 16 Sep 2026 and scheme AUM of ₹27 Cr. Its 1-year, 3-year and 5-year returns are 4.97%, 5.84% and 0%, and the fund sits in the Low Risk category. In our view, it suits conservative investors who want very short-duration cash management with steadier behaviour than equity-like assets, but it is still important to note that the benchmark comparison is mixed over different periods.

Returns have been modest and the portfolio is almost entirely in cash and near-cash exposures. That makes the fund more about capital preservation and liquidity than return chasing, and it may be suitable when an investor wants a parked-instrument style holding inside a mutual-fund wrapper.

Quick facts

Particular	Details
NAV	₹1,257.6753 as of 16 Sep 2026
AUM	₹27 Cr
Expense Ratio	0.13%
Launch Date	12 Oct 2022
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	No exit load
Fund Managers	Dhawal Ghanshyam Dhanani, Umeshkumar Mehta, Nirali Bhansali, Vishal Shinde

The fund is managed by Dhawal Ghanshyam Dhanani, Umeshkumar Mehta, Nirali Bhansali and Vishal Shinde.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.36%	-4.41%
3M	1.18%	-3.6%
1Y	4.97%	-7.76%
3Y	5.84%	5.74%
5Y	Data not available	Data not available

The recent pattern is comparatively steady. Over 1M and 3M, the fund posted small positive returns while the benchmark was negative, which tells us the strategy has held up much better in the short term than the benchmark path shown here.

Over 1Y, the gap remains clear: the fund has produced a positive return while the benchmark has been negative. That said, the 3Y figure shows the fund only marginally ahead of the benchmark, so the stronger recent showing has not translated into a large multi-year lead.

The time pattern also suggests an instrument that compounding slowly rather than quickly. The 1Y and 3Y paths indicate relatively limited drawdowns and a gradual upward trend, which fits a conservative overnight-style exposure more than a growth-oriented one. The 5Y figure is not available because the fund has not been around long enough, so we do not read long-horizon behaviour into it.

For investors, the key point is that this fund has been more resilient than the benchmark in the short run, but its longer-run edge is modest rather than dramatic. That makes it easier to use as a parking or liquidity sleeve than as a return engine.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Samco 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
Samco Overnight Fund Direct Growth Plan	4.97%	5.84%	Data not available
Aditya Birla SL Liquid Fund Direct Growth Plan	6.59%	7.02%	6.41%
Axis Liquid Fund Direct Growth Plan	6.59%	7.01%	6.4%
Sundaram Liquid Fund Direct Growth Plan	6.58%	7%	6.38%
JioBlackRock Liquid Fund Direct Growth Plan	6.57%	Data not available	Data not available
Nippon India Liquid Fund Direct Growth Plan	6.56%	6.99%	6.37%

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

The fund’s 1-year return is below the leading liquid-fund peers listed here, while its 3-year return is also lower than the available peer figures. That shows the recent performance gap is not just a one-period issue.

The longer-dated peer numbers that are available remain ahead of the fund as well, although JioBlackRock Liquid Fund does not have 3-year and 5-year figures available here. Taken together, the comparison suggests this fund has offered a steadier, lower-return profile than the stronger liquid-fund alternatives in the list.

So the short-term and longer-term peer comparisons tell a similar story rather than a conflicting one: the fund has been more restrained across the periods where comparison is possible. For an investor, that may be acceptable if the priority is conservative parking over maximizing return.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	99.31%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	0.69%

The largest holding, Clearing Corporation of India Ltd, accounts for 99.31% of the portfolio, so it is likely to have the greatest influence on day-to-day portfolio behaviour. That positioning points to a very narrow, cash-like structure rather than a diversified spread of security bets.

Weight falls sharply from the first holding to the next disclosed line, which is just 0.69%. Because only two holdings are disclosed and they together account for 100% of the portfolio, the fund appears highly concentrated in liquid, near-cash exposure rather than spread across a long tail of positions.

That structure may help keep the fund aligned with its low-risk character, but it also means there is very little active security-level diversification to drive returns. The portfolio is best understood as a concentrated overnight liquidity allocation rather than a broad market portfolio.

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors with a conservative risk tolerance who want a short-horizon parking place rather than an equity-like growth engine. The Low Risk profile, small positive short-term returns and near-cash portfolio make it most relevant for money that may be needed soon or for temporary allocation while waiting for a different opportunity.

The main trade-off is simple: stability and liquidity on one side, and limited return potential on the other. Compared with the benchmark, the fund has been steadier in the recent periods shown, but its longer-run advantage is modest and the peer comparison shows stronger liquid-fund alternatives on return numbers where available.

If an investor values capital preservation first and return second, this is a sensible fit. If the goal is to stretch for higher multi-year compounding, this profile is too restrained for that role.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of Samco Overnight Fund Direct Growth Plan?
The current NAV is ₹1,257.6753 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 4.97% and the 3-year return is 5.84%. The 5-year return is Data not available.

How has the fund compared with the benchmark?
It has done better than the benchmark in the 1M, 3M and 1Y periods shown, while the 3Y return is only slightly ahead. The benchmark’s 5Y figure is not available here.

How does it compare with peer funds on returns?
Its 1Y and 3Y returns are lower than the peer liquid funds listed here where data is available. That points to a more restrained return profile than several alternatives in the comparison set.

Is there a minimum SIP amount?
No minimum SIP amount is stated here.

What are the risk profile, portfolio shape and exit load?
The fund is in the Low Risk category, with 99.31% in Clearing Corporation of India Ltd and 0.69% in net receivables/payables. It has no exit load and is managed by Dhawal Ghanshyam Dhanani, Umeshkumar Mehta, Nirali Bhansali and Vishal Shinde.

Bottom line

Samco Overnight Fund Direct Growth Plan looks like a conservative cash-management fund with steadier recent behaviour than the benchmark and a modest multi-year return profile. Against the listed peer liquid funds, its available return numbers are weaker, which makes the trade-off clear: lower-return restraint in exchange for a very low-risk, near-cash structure. The portfolio is extremely concentrated in one cash-equivalent holding, so it is best viewed as a liquidity sleeve for investors who value preservation and simplicity over return maximization.

Published on 17 September 2026 at 5:14 PM 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.