Best Overnight Mutual Funds 2026
Overnight funds invest in overnight securities — safest debt fund with near-zero interest rate risk. 277 funds available on TopFund.
8.52%
Avg 3Y CAGR
What are Overnight Mutual Funds?
Overnight mutual funds invest in overnight securities — safest debt fund with near-zero interest rate risk. These funds are managed by professional fund managers who select stocks/bonds based on the fund's investment objective and mandate defined by SEBI.
Who should invest? Conservative investors or those with short-to-medium term goals. Overnight funds offer relatively stable returns compared to equity funds.
Top Overnight Funds by Star Rating
BANK OF INDIA Overnight Fund Regular Plan- Weekly IDCW
Bank of India Mutual Fund · Overnight Fund
TATA Overnight Fund Direct Plan - Daily Reinvestment of Income Distribution cum capital withdrawal option
Tata Mutual Fund · Overnight Fund
Edelweiss Overnight Fund - Direct Plan - Monthly - IDCW Option
Edelweiss Mutual Fund · Overnight Fund
Edelweiss Overnight Fund - Direct Plan - Weekly - IDCW Option
Edelweiss Mutual Fund · Overnight Fund
Edelweiss Overnight Fund - Regular Plan - Growth
Edelweiss Mutual Fund · Overnight Fund
BANK OF INDIA Overnight Fund Direct Plan- Weekly IDCW
Bank of India Mutual Fund · Overnight Fund
Edelweiss Overnight Fund - Direct Plan - Daily - IDCW Option
Edelweiss Mutual Fund · Overnight Fund
Edelweiss Overnight Fund - Direct Plan - Growth
Edelweiss Mutual Fund · Overnight Fund
Axis Overnight Fund - Regular Plan - Weekly IDCW
Axis Mutual Fund · Overnight Fund
Axis Overnight Fund - Direct Plan - Weekly IDCW
Axis Mutual Fund · Overnight Fund
Frequently Asked Questions
What are Overnight mutual funds? expand_more
Overnight mutual funds invest in overnight securities — safest debt fund with near-zero interest rate risk.
What is the minimum investment in Overnight funds? expand_more
Most Overnight funds allow SIP starting from ₹500/month or ₹1,000 lumpsum. Some funds have lower minimums of ₹100 via SIP.
Are Overnight mutual funds safe? expand_more
Debt funds carry lower risk than equity but are not entirely risk-free — they have credit risk and interest rate risk. They are suitable for short-to-medium term goals.
How are Overnight fund returns taxed? expand_more
Debt fund gains are added to income and taxed per your income tax slab (post-2023 budget).