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HDFC Overnight Fund - Daily IDCW Option - Direct Plan

HDFC · Overnight
Low
₹1042.66
Current NAV
25 Jun 2026
31.8%
1Y Return
21.8%
3Y CAGR
21.8%
5Y CAGR
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Analysis & Suitability
Pros / Upsides
  • Strong historical returns, outperforming category average in 3-year CAGR.
  • Highly cost-efficient with a low expense ratio of 0.78%.
  • Excellent risk-adjusted performance (Sharpe Ratio: 1.78).
  • Generates significant excess returns relative to benchmark index (Alpha: 3.78).
  • Very large asset base (AUM: ₹24,330 Cr) indicating high investor trust and liquidity.
Cons / Risks
  • Returns are subject to standard market fluctuations and interest rate risks.
  • No indexation benefits under current tax laws for short holding periods.
Suitable for
  • Systematic investments (SIP) for long-term target goal-based planning.
Not suitable for
  • Short-term trading or speculative investment horizons.
Risk Profile: Low Risk
Low Moderate High Very High
Risk Metrics
1.78
Sharpe Ratio
0.78
Beta
3.78
Alpha
2.10
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Fund Details
Fund House HDFC
Category Overnight
AUM ₹24330 Cr
Expense Ratio 0.78%
Min SIP ₹500
Min Lumpsum ₹1000
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