Should I invest in Religare Overnight Fund?

We don't give personal investment advice. Religare Overnight Fund - 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: 8.29%.

Religare

Religare Overnight Fund - Growth

Unit split applied to historical metrics

This scheme had a 100× unit consolidation on 27 Feb 2011. 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).

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%	-3.56%	+3.57	17 / 84	Q1
1W	+0.12%	-3.52%	+3.64	14 / 84	Q1
2W	+0.26%	-3.50%	+3.76	10 / 84	Q1
1M	+0.55%	-6.74%	+7.29	9 / 87	Q1
3M	+1.68%	-6.22%	+7.90	11 / 86	Q1
6M	+3.37%	-6.43%	+9.80	10 / 84	Q1
YTD	+1.88%	-6.15%	+8.03	20 / 85	Q1
1Y	+7.07%	-5.38%	+12.46	8 / 84	Q1
2Y	+7.58%	-6.52%	+14.10	4 / 86	Q1
3Y	+8.33%	-6.38%	+14.71	1 / 85	Q1
4Y	+8.47%	-7.58%	+16.04	1 / 74	Q1
5Y	+8.29%	-4.41%	+12.70	2 / 61	Q1
7Y	+6.89%	+0.51%	+6.38	9 / 50	Q1
10Y	—	—	—	—	—
Inception	+6.71%	-6.05%	+12.76	14 / 88	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
2016 YTD	+1.88%	+2.54%	-0.66	19 / 49
2015	+7.33%	+2.88%	+4.45	13 / 50
2014	+8.23%	+2.21%	+6.02	13 / 50
2013	+9.77%	+2.22%	+7.55	1 / 51
2012	+8.94%	+2.94%	+6.01	12 / 58
2011	+6.81%	-4.13%	+10.93	19 / 67
2010	+3.93%	-2.87%	+6.80	17 / 68
2009	+1.98%	-0.61%	+2.59	15 / 63
2008	+6.63%	+2.48%	+4.15	13 / 54
2007	—	—	—	—

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

+6.72%

93 windows

min 1.9% · max 9.8%

100% positive

3-Year rolling

+6.88%

69 windows

min 4.1% · max 9.0%

100% positive

5-Year rolling

+6.96%

44 windows

min 5.6% · max 8.3%

100% positive

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

7-Year rolling

+6.67%

20 windows

min 6.5% · max 6.9%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

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

0.61%

3-year · annualised

Sharpe ratio

2.52

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.

Recent NAVs

Date	NAV
12 Apr 2016	₹1,746.7523
11 Apr 2016	₹1,746.4462
10 Apr 2016	₹1,746.1410
7 Apr 2016	₹1,745.2433
6 Apr 2016	₹1,744.9440
5 Apr 2016	₹1,744.6382
4 Apr 2016	₹1,744.3293
3 Apr 2016	₹1,744.0089
31 Mar 2016	₹1,742.9467
30 Mar 2016	₹1,742.5929

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.

Religare Overnight Fund - Growth is a Liquid from Religare (Unknown plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Religare Overnight Fund - Growth has NAV history starting from 16 Sep 2007, a track record of about 18 years 8 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Religare Overnight Fund - Growth is managed by Religare. It's classified by AMFI under the 'Liquid' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Religare Overnight Fund - Growth has delivered a absolute return of 7.07% — +12.46 pp ahead of the Liquid category average of -5.38%. The fund ranks #8 of 84 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Religare Overnight Fund - Growth has delivered a CAGR of 8.33% — +14.71 pp ahead of the Liquid category average of -6.38%. The fund ranks #1 of 85 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Religare Overnight Fund - Growth has delivered a CAGR of 8.29% — +12.7 pp ahead of the Liquid category average of -4.41%. The fund ranks #2 of 61 in its category — the top (Q1) quartile.

₹1 lakh invested in Religare Overnight Fund - Growth exactly 5 years ago would be worth approximately ₹148,945 today — a multiplier of 1.49×, based on the 5-year CAGR of 8.29%. The category average over the same window would have grown ₹1 lakh to ₹79,808.

A ₹10,000 monthly SIP in Religare Overnight Fund - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹736,496 today. That's an XIRR (money-weighted annualised return) of 8.12%.

Religare Overnight Fund - Growth doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,110,279 — XIRR 7.84%.

On a 5-year basis, Religare Overnight Fund - Growth ranks #2 out of 61 funds in the Liquid category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is -4.41%; this fund delivered 8.29%.

The worst peak-to-trough decline Religare Overnight Fund - 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, Religare Overnight Fund - Growth averaged 6.96% (best 8.29%, worst 5.62%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 2.30 — strong risk-adjusted performance.

In calendar year 2015, Religare Overnight Fund - Growth returned 7.33% — beating the Liquid category average of 2.88% by 4.45 pp. It ranked #13 of 50 in its category that year.

Religare Overnight Fund - 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. Religare Overnight Fund - 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: 8.29%.

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

Religare Overnight Fund - Growth

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Recent NAVs

Frequently asked questions

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