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.
Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment)
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 2/5, 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: 39/100 · Weak
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)0.01%
- Expense ratio (20%)0.17%
- AUM (15%)₹27 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Groww Mutual Fund · Income/Debt Oriented · Overnight Fund
₹1,002.1
AUM: ₹26 Cr
NAV updated 4 days ago
Plan
Direct
Option
Growth
Risk
Low
Expense Ratio
0.17%
Exit Load
Nil
Fund Manager
Anupam Tiwari
Inception
Jul 2019
Benchmark
CRISIL Liquid Overnight Index
Sharpe Ratio
-11.16
Std Dev (1Y)
0.59%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.06%
3m
-0.07%
6m
-0.06%
1y
-0.05%
3y
+0.01%
5y
+0.02%
10y
—
since inception
+0.02%
TopFund's Take on Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment)
Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) lags behind most of its peers in the Overnight Fund category, currently carrying a 2-star rating. Returns have been soft relative to what the category has offered — worth checking if this is a temporary phase or a longer pattern. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 39/100.
Cost: At 0.17%, the expense ratio is roughly in line with the Overnight Fund category average of 0.17% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -11.16 — 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 0.59% is on the lower side for a Overnight Fund fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Income/Debt Oriented 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
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment)
The current NAV (Net Asset Value) of Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) is ₹1002.1. NAV is updated every business day after market close by AMFI.
1Y: -0.05% · 3Y CAGR: 0.01% · 5Y CAGR: 0.02%
The expense ratio of Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) is 0.17% per annum. This is the annual fee charged by the fund to manage your investment.
Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) is managed by Anupam Tiwari at Groww Mutual Fund.
Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) is classified as a Low risk fund. It is suitable for investors with a moderate risk appetite.
Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) is a Overnight Fund fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) 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 Groww Overnight Fund (formerly known as Indiabulls Overnight Fund)- Direct Plan- Weekly - Income Distribution cum capital withdrawal Option (Payout & Reinvestment) is ₹27 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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