Should I invest in Shriram Overnight Fund - Regular Monthly IDCW?

We don't give personal investment advice. Shriram Overnight Fund - Regular Monthly 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.

Shriram

Shriram Overnight Fund - Regular Monthly IDCW

Latest NAV

₹10.0201

As of

29 May 2026

1,141 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%	+0.02	13 / 72	Q1
1W	+0.10%	+0.01%	+0.09	8 / 72	Q1
2W	+0.20%	+0.01%	+0.19	6 / 71	Q1
1M	+0.01%	+0.06%	-0.05	30 / 71	Q2
3M	+0.05%	+0.21%	-0.16	15 / 70	Q1
6M	+0.04%	+0.39%	-0.35	14 / 70	Q1
YTD	-0.04%	+0.32%	-0.37	68 / 70	Q4
1Y	-0.01%	+0.59%	-0.60	59 / 69	Q4
2Y	-0.02%	+0.52%	-0.55	54 / 68	Q4
3Y	-0.02%	+0.63%	-0.65	57 / 66	Q4
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	-0.01%	+0.68%	-0.69	71 / 72	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	-0.04%	+0.34%	-0.39	64 / 65
2025	-0.05%	+0.59%	-0.64	58 / 63
2024	-0.03%	+0.79%	-0.83	57 / 68
2023	+0.00%	+0.79%	-0.79	29 / 62
2022	—	—	—	—

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

-0.02%

34 windows

min -0.3% · max 0.1%

29% positive

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

3-Year rolling

-0.03%

10 windows

min -0.1% · max 0.0%

0% 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

0.10%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.58%

Jun 2024 → Jun 2024

% positive months

50.0%

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
SBI Overnight Fund - Regular Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,365.1790	3 Jun 2026
Invesco India Overnight Fund - Regular Plan - Daily IDCW (Reinvestment)	Invesco	₹1,000.1395	3 Jun 2026
BANDHAN Overnight Fund - Regular Plan - Daily IDCW	Bandhan	₹1,000.0098	3 Jun 2026
quant Overnight Fund - IDCW Option - Regular Plan	Quant	₹12.3610	3 Jun 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND- Regular - Weekly Reinvestment of IDCW option	Aditya Birla Sun Life	₹1,000.7178	3 Jun 2026
Mirae Asset Overnight Fund Regular Daily IDCW	Mirae Asset	₹1,000.0068	3 Jun 2026
Kotak Overnight Fund-Regular Plan- Daily Reinvestment of Income Distribution cum capital withdrawal option	Kotak	₹1,004.7568	3 Jun 2026
Edelweiss Overnight Fund - Regular Plan - Annual - IDCW Option	Edelweiss	₹1,400.4044	3 Jun 2026
DSP Overnight Fund - Regular Plan - IDCW - Daily	DSP	₹1,000.0099	3 Jun 2026
HSBC Overnight Fund - Regular Daily IDCW	HSBC	₹1,000.0149	3 Jun 2026

Recent NAVs

Date	NAV
29 May 2026	₹10.0201
28 May 2026	₹10.0187
26 May 2026	₹10.0157
24 May 2026	₹10.0129
22 May 2026	₹10.0100
21 May 2026	₹10.0086
20 May 2026	₹10.0072
19 May 2026	₹10.0058
18 May 2026	₹10.0045
17 May 2026	₹10.0031

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 29 May 2026, the NAV of Shriram Overnight Fund - Regular Monthly IDCW is ₹10.0201. It's a Overnight Fund from Shriram, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Shriram Overnight Fund - Regular Monthly IDCW has NAV history starting from 05 Sep 2022, a track record of about 3 years 8 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Shriram Overnight Fund - Regular Monthly IDCW is managed by Shriram. 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, Shriram Overnight Fund - Regular Monthly IDCW has delivered a absolute return of -0.01% — -0.6 pp behind the Overnight Fund category average of 0.59%. The fund ranks #59 of 69 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Shriram Overnight Fund - Regular Monthly IDCW has delivered a CAGR of -0.02% — -0.65 pp behind the Overnight Fund category average of 0.63%. The fund ranks #57 of 66 in its category — the bottom (Q4) quartile.

Shriram Overnight Fund - Regular Monthly IDCW 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 Shriram Overnight Fund - Regular Monthly IDCW exactly 3 years ago would be worth approximately ₹99,948 today — a multiplier of 1.00×, based on the 3-year CAGR of -0.02%. The category average over the same window would have grown ₹1 lakh to ₹101,902.

A ₹10,000 monthly SIP in Shriram Overnight Fund - Regular Monthly IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹359,948 today. That's an XIRR (money-weighted annualised return) of -0.01%.

Shriram Overnight Fund - Regular Monthly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹359,948 — XIRR -0.01%.

On a 3-year basis, Shriram Overnight Fund - Regular Monthly IDCW ranks #57 out of 66 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 0.63%; this fund delivered -0.02%.

The worst peak-to-trough decline Shriram Overnight Fund - Regular Monthly IDCW has experienced over the last 3-year window is 0.58% — its NAV fell from a high on 17 Jun 2024 to a low on 18 Jun 2024. 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, Shriram Overnight Fund - Regular Monthly IDCW averaged -0.03% (best -0.00%, worst -0.14%). 0% of rolling windows ended positive.

In calendar year 2025, Shriram Overnight Fund - Regular Monthly IDCW returned -0.05% — lagging the Overnight Fund category average of 0.59% by 0.64 pp. It ranked #58 of 63 in its category that year.

Shriram Overnight Fund - Regular Monthly 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. Shriram Overnight Fund - Regular Monthly 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.

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