Should I invest in DSP Overnight Fund?

We don't give personal investment advice. DSP Overnight Fund - Direct Plan - IDCW - Weekly is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding.

DSP

DSP Overnight Fund - Direct Plan - IDCW - Weekly

Latest NAV

₹1,000.8946

As of

22 May 2023

1,325 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.02%	+0.00%	+0.02	3 / 93	Q1
1W	+0.02%	+0.02%	-0.01	39 / 93	Q2
2W	+0.00%	+0.03%	-0.03	33 / 93	Q2
1M	+0.02%	+0.08%	-0.05	34 / 92	Q2
3M	+0.03%	+0.29%	-0.26	33 / 92	Q2
6M	+0.03%	+0.57%	-0.54	26 / 88	Q2
YTD	+0.05%	+0.50%	-0.45	27 / 87	Q2
1Y	+0.06%	+0.97%	-0.92	22 / 86	Q2
2Y	+0.04%	+0.88%	-0.84	18 / 83	Q1
3Y	+0.03%	+0.91%	-0.89	20 / 80	Q1
4Y	+0.02%	+1.03%	-1.01	19 / 75	Q2
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+0.02%	+1.00%	-0.99	42 / 93	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2023 YTD	+0.05%	+1.18%	-1.13	15 / 70
2022	0.00%	+0.85%	-0.85	71 / 76
2021	+0.00%	+0.35%	-0.35	40 / 73
2020	-0.08%	+0.23%	-0.31	58 / 62
2019	+0.05%	+0.18%	-0.13	5 / 18

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.00%

42 windows

min -0.1% · max 0.1%

62% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

0.00%

17 windows

min 0.0% · max 0.0%

53% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.13%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.46%

Mar 2023 → Mar 2023

% positive months

66.7%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Overnight Fund

Scheme	Fund house	NAV	As of
HDFC Overnight Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,042.6600	3 Jun 2026
NIPPON INDIA OVERNIGHT FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹100.0050	3 Jun 2026
SBI Overnight Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,371.4225	3 Jun 2026
ICICI Prudential Overnight Fund - Direct Plan - Daily IDCW	ICICI Prudential	₹1,000.0050	3 Jun 2026
Invesco India Overnight Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,000.5303	3 Jun 2026
BANDHAN Overnight Fund - Direct Plan - Daily IDCW	Bandhan	₹1,000.0098	3 Jun 2026
quant Overnight Fund - IDCW Option - Direct Plan	Quant	₹12.4217	3 Jun 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND- Direct - Monthly Payout of IDCW	Aditya Birla Sun Life	₹1,000.7327	3 Jun 2026
Franklin India Overnight Fund - Direct Daily Dividend Plan - Daily - IDCW	Franklin India	₹1,000.0007	3 Jun 2026
Mirae Asset Overnight Fund Direct Daily IDCW	Mirae Asset	₹1,000.0245	3 Jun 2026

Recent NAVs

Date	NAV
22 May 2023	₹1,000.8946
21 May 2023	₹1,000.7202
19 May 2023	₹1,000.3568
18 May 2023	₹1,000.0335
17 May 2023	₹1,001.0957
16 May 2023	₹1,000.9174
15 May 2023	₹1,000.7319
14 May 2023	₹1,000.5427
12 May 2023	₹1,000.1644
11 May 2023	₹1,000.0299

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 22 May 2023, the NAV of DSP Overnight Fund - Direct Plan - IDCW - Weekly is ₹1,000.8946. It's a Overnight Fund from DSP, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

DSP Overnight Fund - Direct Plan - IDCW - Weekly has NAV history starting from 09 Jan 2019, a track record of about 7 years 4 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

DSP Overnight Fund - Direct Plan - IDCW - Weekly is managed by DSP. It's classified by AMFI under the 'Overnight Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, DSP Overnight Fund - Direct Plan - IDCW - Weekly has delivered a absolute return of 0.06% — -0.92 pp behind the Overnight Fund category average of 0.97%. The fund ranks #22 of 86 in its category — the second (Q2) quartile.

Over the trailing 3-year window, DSP Overnight Fund - Direct Plan - IDCW - Weekly has delivered a CAGR of 0.03% — -0.89 pp behind the Overnight Fund category average of 0.91%. The fund ranks #20 of 80 in its category — the top (Q1) quartile.

DSP Overnight Fund - Direct Plan - IDCW - Weekly doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in DSP Overnight Fund - Direct Plan - IDCW - Weekly exactly 3 years ago would be worth approximately ₹100,082 today — a multiplier of 1.00×, based on the 3-year CAGR of 0.03%. The category average over the same window would have grown ₹1 lakh to ₹102,767.

A ₹10,000 monthly SIP in DSP Overnight Fund - Direct Plan - IDCW - Weekly over the last 3 years — total invested ₹360,000 — would be worth ₹360,197 today. That's an XIRR (money-weighted annualised return) of 0.04%.

DSP Overnight Fund - Direct Plan - IDCW - Weekly doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹360,197 — XIRR 0.04%.

On a 3-year basis, DSP Overnight Fund - Direct Plan - IDCW - Weekly ranks #20 out of 80 funds in the Overnight Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 0.91%; this fund delivered 0.03%.

The worst peak-to-trough decline DSP Overnight Fund - Direct Plan - IDCW - Weekly has experienced over the last 3-year window is 0.46% — its NAV fell from a high on 29 Mar 2023 to a low on 30 Mar 2023. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, DSP Overnight Fund - Direct Plan - IDCW - Weekly averaged -0.00% (best 0.03%, worst -0.03%). 53% of rolling windows ended positive.

In calendar year 2022, DSP Overnight Fund - Direct Plan - IDCW - Weekly returned -0.00% — lagging the Overnight Fund category average of 0.85% by 0.85 pp. It ranked #71 of 76 in its category that year.

DSP Overnight Fund - Direct Plan - IDCW - Weekly is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. DSP Overnight Fund - Direct Plan - IDCW - Weekly is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.