Rating : ★ ★ ☆ ☆ ☆

HDFC Overnight Daily Reinvestment of Income Distribution cum Capital Withdrawal option



Overnight Fund



(as on 02 Feb, 2023)


3.47 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio


Asset Size

16307.88 Cr.

(As of 15 Jan, 2023)


CRISIL Overnight Index TR INR


Investors understand that their principal will be at Low Risk.


To generate returns by investing in debt and money market instruments with overnight maturity. There is no assurance that the investment objective of the Scheme will be realized.

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Fund manager

Anil Bamboli

Exit load

N / A

Minimum sip


Minimum investment


Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.



Treps - Tri-Party Repo


Reverse Repo


182 DTB 12012023


91 DTB 19012023


Sector Allocation

About the Scheme Type

Overnight Funds is the least risky of all the debt mutual fund categories as they invest in overnight securities with a one day maturity period. While these funds are a great option for zero risk taking investors, they should also remember that in the process, even the returns will get compensated – lower maturity means lower returns. Given that these funds mature the next business day, any change, either in the interest rate by the RBI or the credit rating of the bond issuer, does not impact the price of the funds. Apart from low risk, focused funds can also act as an emergency fund.


This fund is rated 2 stars by Morning Star Ratings.

★ ★ ☆ ☆ ☆

Overview of HDFC Asset Management Company Limited

HDFC Mutual Fund is one of India’s largest and well established mutual funds houses with focus on delivering consistent fund performance across categories since the launch of the first scheme(s) in July 2000. We, at HDFC Mutual Fund, believe in constantly reviewing the markets for new trends, identifying new growth sectors and sharing this knowledge with our investors in the form of product offerings, so as to give our investors long-term benefits. HDFC Mutual Fund has various products across asset and risk categories to enable investors to invest in line with their investment objectives and risk taking capacity.

Vision of HDFC Mutual Fund – To be a dominant player in the Indian mutual fund space recognized for its high levels of ethical and professional conduct and a commitment towards enhancing investor interests. HDFC’s Mutual Fund philosophy is based on 3 pillars.

  • Invest Profitably: The single most important factor that drives HDFC Mutual Fund is its belief to give the investor the chance to profitably invest in the financial market, without constantly worrying about the market swings.
  • Research & Analysis: To realize this belief, HDFC Mutual Fund has set up the infrastructure required to conduct all the fundamental research and back it up with effective analysis.
  • Controlled Risk: HDFC Mutual Fund’s strong emphasis on managing and controlling portfolio risk avoids chasing the latest "fads" and trend.