Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Choice Overnight Fund - Growth Option - Direct Plan
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 91/100 · Excellent
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)34.66%
- Expense ratio (20%)0.24%
- AUM (15%)₹15,812 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Choice Mutual Fund · Commodities · Gold
₹45.62
AUM: ₹15,811 Cr
NAV updated 25 days ago
Plan
Direct
Option
Growth
Expense Ratio
0.24%
Exit Load
Exit load of 1% if redeemed within 15 days.
Fund Manager
Raviprakash Sharma
Inception
Jan 2013
Benchmark
Domestic Price of Gold
Sharpe Ratio
-23.6
Std Dev (1Y)
0.1%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+5.44%
3m
-4.07%
6m
-10.83%
1y
+42.57%
3y
+34.66%
5y
+24.78%
10y
+16.1%
since inception
+0.79%
TopFund's Take on Choice Overnight Fund - Growth Option - Direct Plan
Choice Overnight Fund - Growth Option - Direct Plan ranks among the stronger performers in the Gold category, backed by a 4-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 91/100.
Cost: At 0.24%, the expense ratio runs 33% above the Gold category average of 0.18%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -23.6 — 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 0.1% is on the lower side for a Gold fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Commodities fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Sector allocation not available yet.
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Choice Overnight Fund - Growth Option - Direct Plan
The current NAV (Net Asset Value) of Choice Overnight Fund - Growth Option - Direct Plan is ₹45.62. NAV is updated every business day after market close by AMFI.
1Y: 42.57% · 3Y CAGR: 34.66% · 5Y CAGR: 24.78%
The expense ratio of Choice Overnight Fund - Growth Option - Direct Plan is 0.24% per annum. This is the annual fee charged by the fund to manage your investment.
Choice Overnight Fund - Growth Option - Direct Plan is managed by Raviprakash Sharma at Choice Mutual Fund.
Choice Overnight Fund - Growth Option - Direct Plan is classified as a Gold risk fund. It is suitable for investors with a moderate risk appetite.
Choice Overnight Fund - Growth Option - Direct Plan is a Gold fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Choice Overnight Fund - Growth Option - Direct Plan with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Choice Overnight Fund - Growth Option - Direct Plan is ₹15,812 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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