Zerodha Overnight Fund
Overnight Fund · Zerodha Asset Management Private Limited
Zerodha Overnight Fund is a overnight fund from Zerodha Asset Management Private Limited. It has a track record of about 1.4 years. As of the latest data it carries an RS rating of 65/99 (its recent momentum versus category peers). The current NAV is ₹10.79 (as of 2026-09-16).
Growth of ₹100 - last 1 years
Zerodha Overnight Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.4% | 0.39% |
| 3 months | 1.26% | 1.22% |
| 6 months | 2.52% | 2.43% |
| 1 year | 5.19% | 5.03% |
Its trailing one-year return is 5.19%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Zerodha Overnight Fund | Benchmark |
|---|---|---|
| 2026 | +3.6% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | 0.0% | -0.02% |
| Worst drawdown (3Y) | 0.0% | 0.0% |
| Volatility (1Y) | 0.45% | 0.45% |
| Sharpe (3Y) | -3.39 | -1.84 |
| Bull-market return | 5.9% | 4.73% |
The worst peak-to-bottom fall Zerodha Overnight Fund has ever put investors through is 0.0% - the real test of whether you'd have stayed invested.
How Zerodha Overnight Fund behaves when markets fall
Its deepest fall on record is 0.0%. Right now it sits about 0.0% at or above its all-time high (last hit 2026-09-16). The real question isn't the average year - it's whether you could hold on through the worst one.
How Zerodha Overnight Fund ranks in its category
Percentile versus its ~274 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
Who manages Zerodha Overnight Fund - and how good are they?
Zerodha Overnight Fund is managed by Kedarnath Mirajkar. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Kedarnath Mirajkar's full record
Kedarnath Mirajkar currently runs 8 funds, across FoF Domestic, Index Funds, Overnight Fund, with about ₹2,625 Cr under management.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zerodha Silver ETF FoF | 94 | n/a | -8.4% | -9.5% | 76.0% | n/a | n/a | n/a | n/a | n/a | -39.3% |
| 2 | Zerodha Gold ETF FoF | 85 | n/a | 0.7% | -2.7% | 37.1% | n/a | n/a | n/a | 1.33 | n/a | -17.3% |
| 3 | Zerodha Overnight Fund (this page) | 65 | n/a | 1.3% | 2.5% | 5.2% | n/a | n/a | n/a | -3.39 | n/a | 0.0% |
| 4 | Zerodha Multi Asset Passive FoF | 48 | n/a | -0.5% | 2.6% | 9.1% | n/a | n/a | n/a | n/a | n/a | -9.9% |
| 5 | Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund | 46 | n/a | -1.3% | 5.8% | 0.1% | n/a | n/a | n/a | 0.37 | n/a | -18.7% |
| 6 | Zerodha Nifty LargeMidcap 250 Index Fund | 45 | n/a | -1.3% | 5.7% | 0.0% | n/a | n/a | n/a | 0.36 | n/a | -18.8% |
| 7 | Zerodha Nifty 50 Index Fund | n/a | n/a | -2.1% | -0.8% | n/a | n/a | n/a | n/a | n/a | n/a | -15.2% |
| 8 | Zerodha Nifty Short Duration G-Sec Index Fund | n/a | n/a | 0.9% | 2.0% | n/a | n/a | n/a | n/a | n/a | n/a | -1.0% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.08% |
| Exit load | No exit load |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹92 Cr |
| Age | 1.4 years |
| Plan / Option | Direct · Growth |
How Zerodha Overnight Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| BANK OF INDIA Overnight Fund | 98 | 89 | 6.2% |
| quant Overnight Fund | 60 | 88 | 6.1% |
| Bajaj Finserv Overnight Fund | 96 | 87 | 6.1% |
| Tata Overnight Fund | 94 | 87 | 6.1% |
| Baroda BNP Paribas Overnight Fund | 94 | 87 | 6.1% |
| Nippon India Overnight Fund | 93 | 86 | 6.1% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Zerodha Overnight Fund review: the bottom line
Related
Frequently asked questions
Is Zerodha Overnight Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Zerodha Overnight Fund scores RS 65/99 within its category, and its worst drawdown was 0.0%. Compare those against your needs and the peer table above.
What is the NAV of Zerodha Overnight Fund today?
The latest NAV is ₹10.79 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Zerodha Overnight Fund?
The Direct-plan expense ratio is 0.08% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Zerodha Overnight Fund?
Zerodha Overnight Fund is managed by Kedarnath Mirajkar.
Is Zerodha Overnight Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was 0.0% - ₹1 lakh briefly becoming about ₹1 lakh. As a debt fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Zerodha Overnight Fund tax-efficient / what about capital gains?
As a debt fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Zerodha Overnight Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.