DebtOvernight FundRegularIDCWLow

Choice Overnight Fund

Q: What is the NAV of Choice Overnight Fund?

As of 05 Oct 2026, the NAV of Choice Overnight Fund is ₹100.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Choice Overnight Fund delivered?

Choice Overnight Fund has returned +0.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Choice Overnight Fund?

Choice Overnight Fund charges an expense ratio of 0.22% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is Choice Overnight Fund?

Choice Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Choice Overnight Fund?

Choice Overnight Fund is benchmarked against the the index (TRI) will be used for performance comparison. Its alpha and beta on this page are measured against that index.

Q: Who manages Choice Overnight Fund?

Choice Overnight Fund is managed by Rochan Pattnayak at Choice.

Q: How is Choice Overnight Fund taxed?

Choice Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Choice Mutual Fund · Best Overnight Mutual Funds

NAV

₹100.10

0.00% 1D

as of 05 Oct 2026

This is the Regular plan of Choice Overnight Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed daily, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns

NAV history

+0.05%absolute

52-week rangePrev NAV ₹100.10

Latest ₹100.10

Low ₹100.0528th percentile of its 52-week rangeHigh ₹100.24

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.22%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

the index (TRI) will be used for performance comparison

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

06 Jul 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

0.00%

Absolute return over the last 3 months (not annualized)

+0.05%

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

+0.05%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.05%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.25%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.14%

Benchmark ratios

Not shown for Overnight Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Overnight Fund)

Period	Fund	Category avg.	Diff
1M abs	0.00%	—	—
3M abs	+0.05%	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Overnight Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹20.00K

Current value

₹20.00K

Absolute

0.00%

XIRR

0.00%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into Choice Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.22%

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Overnight Fund

Compare all


Choice Overnight FundThis fund Choice · Regular · Daily IDCW	—	—	—	—	—	0.22%	—
HSBC Overnight Fund - Regular Plan - Unclaimed IDCW Below three years HSBC · Regular · IDCW	—	+5.25%	+6.05%	—	—	—	—
Franklin India Overnight Fund - Regular Plan - Unclaimed Franklin Templeton · Regular · IDCW	—	+5.31%	+6.04%	—	—	0.11%	₹1,011Cr
quant Overnight Fund quant · Regular · IDCW	—	+4.95%	+6.01%	—	—	0.26%	₹61.28Cr
UTI - Overnight Fund UTI · Regular · Periodic IDCW	—	+5.20%	+5.99%	+5.26%	—	—	₹1.05Cr
LIC MF Overnight Fund LIC · Regular · IDCW	—	+5.17%	+5.95%	+3.05%	—	0.14%	₹1,054Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents100.00%

AMC Profile

Choice Mutual Fund is the asset management arm of Choice International, a listed financial services group with broking, distribution and advisory businesses. It is one of the industry's newer entrants.

Launched

31 Jul 2025

Total AUM

₹82.56Cr+18.9% QoQ

Avg AUM · April - June 2026

Website

choicemf.com

Fund Managers

RPRochan PattnayakStart date not disclosed

Experience

Mr. Rochan Pattnayak has over 15 years of work experience in the financial services industry. Please find below brief details of his experience: 1. 2020 -2024: Head of Institutional Research – Choice Equity Broking. 2. 2019 -2020 : Fund Manager – Quant Capital Finance & Investments Private Limited 3. 2017 -2019 : Sr. Investment Analyst - Edelweiss Asset Management 4. 2011 -2016 : Research Analyst – Indus Equity Advisors 5. 2008 -2010 : Trading Analyst – Wolverine Equities & Markets UK

Funds managed (1)

Choice Gold ETF

All schemes Rochan Pattnayak runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Choice in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Overnight funds

Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.

Frequently asked questions

What is the NAV of Choice Overnight Fund?

As of 05 Oct 2026, the NAV of Choice Overnight Fund is ₹100.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Choice Overnight Fund delivered?

Choice Overnight Fund has returned +0.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Choice Overnight Fund?

Choice Overnight Fund charges an expense ratio of 0.22% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is Choice Overnight Fund?

Choice Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Choice Overnight Fund?

Choice Overnight Fund is benchmarked against the the index (TRI) will be used for performance comparison. Its alpha and beta on this page are measured against that index.

Who manages Choice Overnight Fund?

Choice Overnight Fund is managed by Rochan Pattnayak at Choice.

How is Choice Overnight Fund taxed?

Choice Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.