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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsReturns are taxed as per your income tax slab.
Hardik Satra
Mr. Satra is a MBA (Financial Planning and Services)
Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Axis Overnight Fund is ₹1,450.44 as of 2026-08-28.
Axis Overnight Fund is classified as a Overnight fund.
The Assets Under Management (AUM) of Axis Overnight Fund is ₹10,177.72 Cr.
The expense ratio of Axis Overnight Fund is 0.13%.
Axis Overnight Fund is managed by Hardik Satra.
The minimum SIP investment for Axis Overnight Fund is ₹1,000.
As per the SEBI Riskometer, Axis Overnight Fund carries a Low risk level.
Axis Overnight Fund has delivered 5.29% (1Y), 6.1% (3Y) and 5.67% (5Y) annualised returns as of 2026-08-28.
Axis Overnight Fund was launched on 2009-09-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
