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Lakshya Overnight Fund

Q: What is the NAV of Lakshya Overnight Fund?

As of 10 Nov 2026, the NAV of Lakshya Overnight Fund is ₹1,007.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Lakshya Overnight Fund delivered?

Lakshya Overnight Fund has returned +0.65% 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 Lakshya Overnight Fund?

Lakshya Overnight Fund charges an expense ratio of 0.31% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is Lakshya Overnight Fund?

Lakshya Overnight Fund sits at the low level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 0.1% 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.

Q: How is Lakshya Overnight Fund taxed?

Lakshya 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.

Lakshya Mutual Fund · Best Overnight Mutual Funds

NAV

₹1,007.40

+0.03% 1D

as of 10 Nov 2026

This is the Regular plan of Lakshya 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.

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NAV history

+0.65%absolute

52-week rangePrev NAV ₹1,007.11

Latest ₹1,007.40

Low ₹1,000.86100th percentile of its 52-week rangeHigh ₹1,007.40

Scorecard

Not rated

How 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.

Performance—

No 3-year record to rank on yet

RiskModerate

Volatility 0.1% vs 0.1% category avg

CostHigh

0.3% expense vs 0.2% category avg

Consistency—

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

No standout strengths identified.

Concerns

High expense ratio (0.31%) vs the Overnight Fund average of 0.19%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.31%

Direct 0.20% · Regular 0.31%

Category 0.19%▲0.12%

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 · Growth

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

None

Exit Load

—

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Benchmark

—

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.

24 Sep 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.46%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

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.

+0.65%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.12%

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

0.00%

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	+0.46%	+0.47%	-0.01%
3M abs	—	+1.28%	—
6M abs	—	+2.58%	—
1Y CAGR	—	+5.16%	—
3Y CAGR	—	+5.90%	—
5Y CAGR	—	+5.69%	—

Category average across peers in Overnight Fund (up to 38 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.

Monthly investment (₹)

Period

Invested

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

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

History points

Expense ratio

0.31%

AUM

₹2.41Cr

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


Lakshya Overnight FundThis fund Lakshya · Regular · Growth	—	—	—	—	—	0.31%	₹2.41Cr
Bank of India Overnight Fund Bank of India · Regular · Growth	★★★★☆	+5.47%	+6.12%	+5.87%	—	0.14%	₹85.50Cr
Franklin India Overnight Fund - Regular Plan - Unclaimed Redemption Franklin Templeton · Regular · Growth	—	+5.33%	+6.01%	—	—	—	₹52.61Cr
Axis Overnight Fund Axis · Regular · Growth	★★★★☆	+5.26%	+6.00%	+5.77%	—	0.13%	₹11,655Cr
Bajaj Finserv Overnight Fund Bajaj Finserv · Regular · Growth	★★★★★	+5.30%	+5.98%	—	—	0.16%	₹677.94Cr
Franklin India Overnight Fund Franklin Templeton · Regular · Growth	★★★★☆	+5.29%	+5.96%	+5.71%	—	0.11%	₹891.59Cr

Asset allocation

As on 30 Sep 2026 · AMC disclosure

Cash & Equivalents100.00%

Lakshya 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 Lakshya Overnight Fund?

As of 10 Nov 2026, the NAV of Lakshya Overnight Fund is ₹1,007.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Lakshya Overnight Fund delivered?

Lakshya Overnight Fund has returned +0.65% 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 Lakshya Overnight Fund?

Lakshya Overnight Fund charges an expense ratio of 0.31% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is Lakshya Overnight Fund?

Lakshya Overnight Fund sits at the low level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 0.1% 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.

How is Lakshya Overnight Fund taxed?

Lakshya 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.