Choice Overnight Fund
Choice Mutual Fund · Best Overnight Mutual Funds
This is the Regular plan of Choice Overnight Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Overnight Fund peers to rank yet
Volatility 0.0% vs 0.1% category avg
0.2% expense vs 0.2% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Overnight Fund peers (0.0% vs 0.1%)
Concerns
- High expense ratio (0.22%) vs the Overnight Fund average of 0.19%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | +0.41% | +0.41% | 0.00% |
| 3M abs | — | +1.24% | — |
| 6M abs | — | +2.45% | — |
| 1Y CAGR | — | +5.06% | — |
| 3Y CAGR | — | +5.84% | — |
| 5Y CAGR | — | +5.59% | — |
Category average across peers in Overnight Fund (up to 37 funds with data), 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.
Pick a longer period to plot the path.
1 monthly installments of ₹10,000 into Choice Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
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.
Choice Overnight Unclaimed - Unclaimed IDCW Above 3 yrs
The Economic Times · 22d ago
Who dominates the average AUM leaderboard?
Cafemutual · 08 Jul 2026
Unlock Smart Strategies for Building Wealth! Tune in for an informative session on "Redefining Wealth Creation for the New India" featuring Anil Singhvi, Managing Editor, Zee Business, Kamal Poddar, Managing Director, Choice, Manish Jain, Deputy CEO, Ch
facebook.com · 29 Jun 2026
NFO Watch: 5 mutual funds and 2 SIFs open for subscription this week. Check details
The Economic Times · 28 Jun 2026
Choice International and Zee Business Host ‘Bharose Ki Choice’ Investor Awareness Initiative in Patna
MediaNews4U · 15 Jun 2026
Choice Overnight Fund Regular-Growth (₹ 100.65) - NAV, Reviews & asset allocation
The Economic Times · 10 Jun 2026
Choice Overnight Fund - Direct Plan: Overview, Performance, Portfolio | Mutual Fund
Value Research · 10 Jun 2026
Choice Overnight Fund - Regular Plan Portfolio
The Economic Times · 10 Jun 2026
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 21 Aug 2026, the NAV of Choice Overnight Fund is ₹100.66 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 +0.62% 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?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.0% and its worst peak-to-trough fall in our sample was 0.0%. 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 CRISIL Liquid Overnight Index. 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.