Should I invest in JM Overnight Fund - (Direct)?

We don't give personal investment advice. JM Overnight Fund - (Direct) - Growth 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. Worst 5-year drawdown: 0.0%. 5-year CAGR: 5.53%.

JM Overnight Fund - (Direct) - Growth

Unit split applied to historical metrics

This scheme had a 100× unit consolidation on 13 Dec 2019. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

Latest NAV

₹1,376.9649

As of

3 Jun 2026

1,998 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	+0.01%	+0.01%	+0.00	36 / 41	Q4
1W	+0.11%	+0.10%	+0.01	7 / 41	Q1
2W	+0.19%	+0.19%	+0.00	36 / 41	Q4
1M	+0.41%	+0.40%	+0.01	34 / 41	Q4
3M	+1.23%	+1.21%	+0.02	34 / 41	Q4
6M	+2.49%	+2.43%	+0.06	34 / 41	Q4
YTD	+2.08%	+2.02%	+0.06	33 / 41	Q4
1Y	+5.20%	+5.02%	+0.18	31 / 41	Q4
2Y	+5.80%	+5.58%	+0.22	33 / 38	Q4
3Y	+6.12%	+5.86%	+0.26	32 / 37	Q4
4Y	+6.08%	+5.75%	+0.32	28 / 33	Q4
5Y	+5.53%	+5.58%	-0.05	24 / 27	Q4
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+5.04%	+5.14%	-0.10	35 / 41	Q4

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
2026 YTD	+2.08%	+2.02%	+0.06	33 / 41
2025	+5.68%	+5.45%	+0.23	30 / 38
2024	+6.64%	+6.34%	+0.30	30 / 38
2023	+6.64%	+6.31%	+0.34	26 / 36
2022	+4.68%	+4.68%	+0.00	18 / 27
2021	+3.21%	+3.19%	+0.02	7 / 27
2020	+3.41%	+3.40%	+0.01	12 / 26
2019	—	—	—	—

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

+5.13%

68 windows

min 3.1% · max 6.8%

100% positive

3-Year rolling

+5.41%

43 windows

min 3.8% · max 6.4%

100% positive

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

5-Year rolling

+5.22%

19 windows

min 4.9% · max 5.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

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

0.20%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.00%

Peak to trough

% positive months

100.0%

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 - Growth Option - Direct Plan	HDFC	₹4,028.2058	3 Jun 2026
Nippon India Overnight Fund - Direct Plan - Growth Option	Nippon India	₹145.9846	3 Jun 2026
SBI OVERNIGHT FUND - DIRECT PLAN - GROWTH	SBI	₹4,418.4117	3 Jun 2026
ICICI Prudential Overnight Fund - Direct Plan - Growth	ICICI Prudential	₹1,464.3701	3 Jun 2026
Invesco India Overnight Fund - Direct Plan - Growth	Invesco	₹1,372.9716	3 Jun 2026
BANDHAN Overnight Fund - Direct Plan - Growth	Bandhan	₹1,449.3104	3 Jun 2026
quant Overnight Fund - Growth Option - Direct Plan	Quant	₹12.4167	3 Jun 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND-DIRECT PLAN-GROWTH	Aditya Birla Sun Life	₹1,469.7090	3 Jun 2026
Franklin India Overnight Fund- Growth - Direct	Franklin India	₹1,417.6439	3 Jun 2026
Mirae Asset Overnight Fund Direct Plan Growth	Mirae Asset	₹1,393.6862	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,376.9649
2 Jun 2026	₹1,376.7815
1 Jun 2026	₹1,376.5958
31 May 2026	₹1,376.4112
29 May 2026	₹1,376.0178
28 May 2026	₹1,375.8231
26 May 2026	₹1,375.4402
25 May 2026	₹1,375.2533
24 May 2026	₹1,375.0680
23 May 2026	₹1,374.8770

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 03 Jun 2026, the NAV of JM Overnight Fund - (Direct) - Growth is ₹1,376.9649. It's a Overnight Fund from the fund house, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

JM Overnight Fund - (Direct) - Growth has NAV history starting from 04 Dec 2019, a track record of about 6 years 5 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.

JM Overnight Fund - (Direct) - Growth is managed by the fund house. 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, JM Overnight Fund - (Direct) - Growth has delivered a absolute return of 5.20% — +0.18 pp ahead of the Overnight Fund category average of 5.02%. The fund ranks #31 of 41 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, JM Overnight Fund - (Direct) - Growth has delivered a CAGR of 6.12% — +0.26 pp ahead of the Overnight Fund category average of 5.86%. The fund ranks #32 of 37 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, JM Overnight Fund - (Direct) - Growth has delivered a CAGR of 5.53% — -0.05 pp behind the Overnight Fund category average of 5.58%. The fund ranks #24 of 27 in its category — the bottom (Q4) quartile.

₹1 lakh invested in JM Overnight Fund - (Direct) - Growth exactly 5 years ago would be worth approximately ₹130,892 today — a multiplier of 1.31×, based on the 5-year CAGR of 5.53%. The category average over the same window would have grown ₹1 lakh to ₹131,185.

A ₹10,000 monthly SIP in JM Overnight Fund - (Direct) - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹696,067 today. That's an XIRR (money-weighted annualised return) of 5.87%.

JM Overnight Fund - (Direct) - Growth doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹696,067 — XIRR 5.87%.

On a 5-year basis, JM Overnight Fund - (Direct) - Growth ranks #24 out of 27 funds in the Overnight Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 5.58%; this fund delivered 5.53%.

The worst peak-to-trough decline JM Overnight Fund - (Direct) - Growth has experienced over the last 5-year window is 0.00%. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, JM Overnight Fund - (Direct) - Growth averaged 5.22% (best 5.53%, worst 4.89%). 100% of rolling windows ended positive.

In calendar year 2025, JM Overnight Fund - (Direct) - Growth returned 5.68% — beating the Overnight Fund category average of 5.45% by 0.23 pp. It ranked #30 of 38 in its category that year.

JM Overnight Fund - (Direct) - Growth 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. JM Overnight Fund - (Direct) - Growth 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. Worst 5-year drawdown: 0.0%. 5-year CAGR: 5.53%.

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

JM Overnight Fund - (Direct) - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Overnight Fund

Recent NAVs

Frequently asked questions

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