Bajaj Finserv Overnight Fund - Direct Plan - Growth

Bajaj Finserv Overnight Fund - Direct Plan - Growth ranks among the stronger performers in the Overnight Fund category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 82/100.

Cost: At 0.12%, the expense ratio is meaningfully cheaper — about 43% below the Overnight Fund category average of 0.21% (based on 62 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -18.69 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.11% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.