Axis Overnight Fund
The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Growthvine rating: 5/5 — ranked #2 of 38 in category.
Fund basics
| Category | Debt: Overnight |
|---|---|
| NAV | ₹1461.72 (as of 2026-10-23) |
| AUM | ₹10,855 Cr |
| Expense ratio | 0.09% |
| Riskometer | Low |
| Fund manager | Hardik Satra |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.71% |
|---|---|
| Sharpe ratio | 1.26 |
| Standard deviation | 0.21% |
| Max drawdown | −0.10% |
| Alpha | 0 |
| Beta | 0 |
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.2% | Q1 (Top) | #4 of 34 |
| 2025 | 5.8% | Q1 (Top) | #2 of 33 |
| 2024 | 6.7% | Q1 (Top) | #3 of 33 |
| 2023 | 6.7% | Q1 (Top) | #3 of 31 |
| 2022 | 4.7% | Q1 (Top) | #2 of 27 |