Should I invest in LIC MF Overnight Fund-Weekly IDCW?

We don't give personal investment advice. LIC MF Overnight Fund-Direct Plan-Weekly IDCW 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: 0.1%. 5-year CAGR: 1.91%.

LIC

LIC MF Overnight Fund-Direct Plan-Weekly IDCW

Latest NAV

₹1,099.7437

As of

3 Jun 2026

2,147 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	+0.00%	+0.00%	+0.00	58 / 93	Q3
1W	+0.11%	+0.02%	+0.09	8 / 93	Q1
2W	+0.27%	+0.03%	+0.24	1 / 93	Q1
1M	+0.49%	+0.08%	+0.42	1 / 92	Q1
3M	+1.40%	+0.29%	+1.11	1 / 92	Q1
6M	+2.72%	+0.57%	+2.15	1 / 88	Q1
YTD	+2.29%	+0.50%	+1.79	2 / 87	Q1
1Y	+5.57%	+0.97%	+4.59	1 / 86	Q1
2Y	+4.79%	+0.88%	+3.91	12 / 83	Q1
3Y	+3.18%	+0.91%	+2.26	12 / 80	Q1
4Y	+2.38%	+1.03%	+1.35	13 / 75	Q1
5Y	+1.91%	+0.87%	+1.04	12 / 67	Q1
7Y	+1.36%	+0.72%	+0.63	8 / 40	Q1
10Y	—	—	—	—	—
Inception	+1.38%	+1.00%	+0.38	20 / 93	Q1

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	+2.29%	+0.51%	+1.78	1 / 76
2025	+6.48%	+0.92%	+5.56	1 / 74
2024	+0.78%	+1.04%	-0.26	13 / 76
2023	-0.01%	+1.18%	-1.19	62 / 70
2022	+0.02%	+0.85%	-0.82	37 / 76
2021	+0.06%	+0.35%	-0.28	16 / 73
2020	+0.00%	+0.23%	-0.23	12 / 62
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

+1.21%

72 windows

min -0.1% · max 6.6%

81% positive

3-Year rolling

+0.71%

48 windows

min 0.0% · max 3.2%

98% positive

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

5-Year rolling

+0.85%

24 windows

min 0.0% · max 1.9%

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

0.90%

3-year · annualised

Sharpe ratio

-3.71

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.12%

May 2024 → May 2024

% positive months

83.3%

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
3 Jun 2026	₹1,099.7437
2 Jun 2026	₹1,099.7273
1 Jun 2026	₹1,099.5645
31 May 2026	₹1,099.1517
29 May 2026	₹1,098.8281
28 May 2026	₹1,098.7780
26 May 2026	₹1,098.5664
25 May 2026	₹1,098.0448
24 May 2026	₹1,097.4636
22 May 2026	₹1,097.1478

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 LIC MF Overnight Fund-Direct Plan-Weekly IDCW is ₹1,099.7437. It's a Overnight Fund from LIC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

LIC MF Overnight Fund-Direct Plan-Weekly IDCW has NAV history starting from 19 Jul 2019, a track record of about 6 years 10 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.

LIC MF Overnight Fund-Direct Plan-Weekly IDCW is managed by LIC. 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, LIC MF Overnight Fund-Direct Plan-Weekly IDCW has delivered a absolute return of 5.57% — +4.59 pp ahead of the Overnight Fund category average of 0.97%. The fund ranks #1 of 86 in its category — the top (Q1) quartile.

Over the trailing 3-year window, LIC MF Overnight Fund-Direct Plan-Weekly IDCW has delivered a CAGR of 3.18% — +2.26 pp ahead of the Overnight Fund category average of 0.91%. The fund ranks #12 of 80 in its category — the top (Q1) quartile.

Over the trailing 5-year window, LIC MF Overnight Fund-Direct Plan-Weekly IDCW has delivered a CAGR of 1.91% — +1.04 pp ahead of the Overnight Fund category average of 0.87%. The fund ranks #12 of 67 in its category — the top (Q1) quartile.

₹1 lakh invested in LIC MF Overnight Fund-Direct Plan-Weekly IDCW exactly 5 years ago would be worth approximately ₹109,944 today — a multiplier of 1.10×, based on the 5-year CAGR of 1.91%. The category average over the same window would have grown ₹1 lakh to ₹104,446.

A ₹10,000 monthly SIP in LIC MF Overnight Fund-Direct Plan-Weekly IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹649,772 today. That's an XIRR (money-weighted annualised return) of 3.14%.

LIC MF Overnight Fund-Direct Plan-Weekly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹649,772 — XIRR 3.14%.

On a 5-year basis, LIC MF Overnight Fund-Direct Plan-Weekly IDCW ranks #12 out of 67 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 0.87%; this fund delivered 1.91%.

The worst peak-to-trough decline LIC MF Overnight Fund-Direct Plan-Weekly IDCW has experienced over the last 5-year window is 0.13% — its NAV fell from a high on 02 May 2023 to a low on 17 Apr 2024. 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, LIC MF Overnight Fund-Direct Plan-Weekly IDCW averaged 0.85% (best 1.91%, worst 0.00%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -5.52 — negative risk-adjusted performance.

In calendar year 2025, LIC MF Overnight Fund-Direct Plan-Weekly IDCW returned 6.48% — beating the Overnight Fund category average of 0.92% by 5.56 pp. It ranked #1 of 74 in its category that year.

LIC MF Overnight Fund-Direct Plan-Weekly IDCW 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. LIC MF Overnight Fund-Direct Plan-Weekly IDCW 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: 0.1%. 5-year CAGR: 1.91%.

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