How to Invest in NJ Overnight Fund Direct Growth?

You can easily invest in NJ Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for NJ Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in NJ Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does NJ Overnight Fund Direct Growth provide?

The NJ Overnight Fund Direct Growth has been there from 01 Aug 2022 and the average annual returns provided by this fund is 6.72% since its inception.

How much expense ratio is charged by NJ Overnight Fund Direct Growth?

The term Expense Ratio used for NJ Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of NJ Overnight Fund Direct Growth is 0.05% as of 14 May 2024...

What is the AUM of NJ Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of NJ Overnight Fund Direct Growth is ₹168.54Cr as of 14 May 2024.

How to Redeem NJ Overnight Fund Direct Growth?

If you want to sell your NJ Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of NJ Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of NJ Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of NJ Overnight Fund Direct Growth?

The NAV of NJ Overnight Fund Direct Growth is ₹1,118.32 as of 13 May 2024.

What is the PE and PB ratio of NJ Overnight Fund Direct Growth?

The PE ratio ratio of NJ Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

NJ Overnight Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

<img alt="NJ Overnight Fund Direct   Growth" srcSet="https://assets-netstorage.groww.in/mf-assets/logos/nj_groww.png 1x, https://assets-netstorage.groww.in/mf-assets/logos/nj_groww.png 2x" src="png/nj_groww.png" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="companyLogo_companyImage__bT0On absolute-center mfh239Logo" loading="lazy"/>
NJ Overnight Fund Direct Growth
Debt
Overnight
Low Risk
1M
6M
1Y
All
 NAV: 13 May 2024₹1,118.32
Min. SIP amount₹100
Rating2
Fund size₹168.54Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Overnight
Absolute returns
3M6M1YAll
Fund returns1.6%3.3%6.7%11.8%
Category averageNANA6.7%NA
Rank with in category283127NA
Understand terms
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Overnight
Pros
Cons
Exit load is zero
Low rating: 2
Lower expense ratio: 0.05%
1Y annualised returns higher than category average by 0.04%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Apr 2024 - Present
05%
Apr 2024 - 30 Apr 2024
05%
Apr 2024 - 29 Apr 2024
05%
Apr 2024 - 28 Apr 2024
05%
Apr 2024 - 26 Apr 2024
05%
Apr 2024 - 25 Apr 2024
05%
Apr 2024 - 24 Apr 2024
05%
Apr 2024 - 23 Apr 2024
05%
Apr 2024 - 22 Apr 2024
05%
Apr 2024 - 21 Apr 2024
05%
Apr 2024 - 19 Apr 2024
05%
Apr 2024 - 18 Apr 2024
05%
Apr 2024 - 17 Apr 2024
05%
Apr 2024 - 16 Apr 2024
05%
Apr 2024 - 15 Apr 2024
05%
Apr 2024 - 14 Apr 2024
05%
Apr 2024 - 12 Apr 2024
05%
Apr 2024 - 11 Apr 2024
05%
Apr 2024 - 10 Apr 2024
05%
Apr 2024 - 09 Apr 2024
05%
Apr 2024 - 08 Apr 2024
05%
Apr 2024 - 07 Apr 2024
05%
Apr 2024 - 05 Apr 2024
05%
Apr 2024 - 04 Apr 2024
05%
Apr 2024 - 03 Apr 2024
05%
Apr 2024 - 02 Apr 2024
05%
Mar 2024 - 01 Apr 2024
05%
Mar 2024 - 31 Mar 2024
05%
Mar 2024 - 28 Mar 2024
05%
Mar 2024 - 27 Mar 2024
05%
Mar 2024 - 26 Mar 2024
05%
Mar 2024 - 25 Mar 2024
05%
Mar 2024 - 22 Mar 2024
05%
Mar 2024 - 21 Mar 2024
05%
Mar 2024 - 20 Mar 2024
05%
Mar 2024 - 19 Mar 2024
05%
Mar 2024 - 18 Mar 2024
05%
Mar 2024 - 17 Mar 2024
05%
Mar 2024 - 15 Mar 2024
05%
Mar 2024 - 14 Mar 2024
05%
Mar 2024 - 13 Mar 2024
05%
Mar 2024 - 12 Mar 2024
05%
Mar 2024 - 11 Mar 2024
05%
Mar 2024 - 10 Mar 2024
05%
Mar 2024 - 07 Mar 2024
05%
Mar 2024 - 06 Mar 2024
05%
Mar 2024 - 05 Mar 2024
05%
Mar 2024 - 04 Mar 2024
05%
Mar 2024 - 03 Mar 2024
05%
Feb 2024 - 01 Mar 2024
05%
Feb 2024 - 29 Feb 2024
05%
Feb 2024 - 28 Feb 2024
05%
Feb 2024 - 27 Feb 2024
05%
Feb 2024 - 26 Feb 2024
05%
Feb 2024 - 25 Feb 2024
05%
Feb 2024 - 23 Feb 2024
05%
Feb 2024 - 22 Feb 2024
05%
Feb 2024 - 21 Feb 2024
05%
Feb 2024 - 20 Feb 2024
05%
Feb 2024 - 19 Feb 2024
05%
Feb 2024 - 16 Feb 2024
05%
Feb 2024 - 15 Feb 2024
05%
Feb 2024 - 14 Feb 2024
05%
Feb 2024 - 13 Feb 2024
05%
Feb 2024 - 12 Feb 2024
05%
Feb 2024 - 11 Feb 2024
05%
Feb 2024 - 09 Feb 2024
05%
Feb 2024 - 08 Feb 2024
05%
Feb 2024 - 07 Feb 2024
05%
Feb 2024 - 06 Feb 2024
05%
Feb 2024 - 05 Feb 2024
05%
Feb 2024 - 04 Feb 2024
05%
Feb 2024 - 02 Feb 2024
05%
Jan 2024 - 01 Feb 2024
05%
Jan 2024 - 31 Jan 2024
05%
Jan 2024 - 30 Jan 2024
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Jan 2024 - 29 Jan 2024
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Jan 2024 - 28 Jan 2024
05%
Jan 2024 - 25 Jan 2024
05%
Jan 2024 - 24 Jan 2024
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Jan 2024 - 23 Jan 2024
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Jan 2024 - 22 Jan 2024
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Jan 2024 - 19 Jan 2024
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Jan 2024 - 18 Jan 2024
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Jan 2024 - 17 Jan 2024
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Jan 2024 - 16 Jan 2024
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Jan 2024 - 15 Jan 2024
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Jan 2024 - 14 Jan 2024
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Jan 2024 - 12 Jan 2024
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Jan 2024 - 11 Jan 2024
05%
Jan 2024 - 10 Jan 2024
05%
Jan 2024 - 09 Jan 2024
05%
Jan 2024 - 08 Jan 2024
05%
Jan 2024 - 07 Jan 2024
05%
Jan 2024 - 05 Jan 2024
05%
Jan 2024 - 04 Jan 2024
05%
Jan 2024 - 03 Jan 2024
05%
Jan 2024 - 02 Jan 2024
05%
Dec 2023 - 01 Jan 2024
05%
Dec 2023 - 31 Dec 2023
05%
Dec 2023 - 29 Dec 2023
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Dec 2023 - 28 Dec 2023
05%
Dec 2023 - 27 Dec 2023
05%
Dec 2023 - 26 Dec 2023
05%
Dec 2023 - 25 Dec 2023
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Dec 2023 - 22 Dec 2023
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Dec 2023 - 21 Dec 2023
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Dec 2023 - 20 Dec 2023
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Dec 2023 - 19 Dec 2023
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Dec 2023 - 18 Dec 2023
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Dec 2023 - 17 Dec 2023
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Dec 2023 - 15 Dec 2023
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Dec 2023 - 14 Dec 2023
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Dec 2023 - 13 Dec 2023
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Dec 2023 - 12 Dec 2023
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Dec 2023 - 11 Dec 2023
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Dec 2023 - 10 Dec 2023
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Dec 2023 - 08 Dec 2023
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Dec 2023 - 07 Dec 2023
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Dec 2023 - 06 Dec 2023
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Dec 2023 - 05 Dec 2023
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Dec 2023 - 04 Dec 2023
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Dec 2023 - 03 Dec 2023
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Nov 2023 - 01 Dec 2023
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Nov 2023 - 30 Nov 2023
05%
Nov 2023 - 29 Nov 2023
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Nov 2023 - 28 Nov 2023
05%
Nov 2023 - 27 Nov 2023
05%
Nov 2023 - 24 Nov 2023
05%
Nov 2023 - 23 Nov 2023
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Nov 2023 - 22 Nov 2023
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Nov 2023 - 21 Nov 2023
05%
Nov 2023 - 20 Nov 2023
05%
Nov 2023 - 19 Nov 2023
05%
Nov 2023 - 17 Nov 2023
05%
Nov 2023 - 16 Nov 2023
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Nov 2023 - 15 Nov 2023
05%
Nov 2023 - 14 Nov 2023
05%
Nov 2023 - 13 Nov 2023
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Nov 2023 - 12 Nov 2023
05%
Nov 2023 - 10 Nov 2023
05%
Nov 2023 - 09 Nov 2023
05%
Nov 2023 - 08 Nov 2023
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Nov 2023 - 07 Nov 2023
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Nov 2023 - 06 Nov 2023
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Nov 2023 - 05 Nov 2023
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Nov 2023 - 03 Nov 2023
05%
Nov 2023 - 02 Nov 2023
05%
Oct 2023 - 01 Nov 2023
05%
Oct 2023 - 31 Oct 2023
05%
Oct 2023 - 30 Oct 2023
05%
Oct 2023 - 29 Oct 2023
05%
Oct 2023 - 27 Oct 2023
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Oct 2023 - 26 Oct 2023
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Oct 2023 - 25 Oct 2023
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Oct 2023 - 20 Oct 2023
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Oct 2023 - 19 Oct 2023
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Oct 2023 - 18 Oct 2023
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Oct 2023 - 17 Oct 2023
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Oct 2023 - 16 Oct 2023
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Oct 2023 - 15 Oct 2023
05%
Oct 2023 - 13 Oct 2023
05%
Oct 2023 - 12 Oct 2023
05%
Oct 2023 - 11 Oct 2023
05%
Oct 2023 - 10 Oct 2023
05%
Oct 2023 - 09 Oct 2023
05%
Oct 2023 - 08 Oct 2023
05%
Oct 2023 - 06 Oct 2023
05%
Oct 2023 - 05 Oct 2023
05%
Oct 2023 - 04 Oct 2023
05%
Oct 2023 - 03 Oct 2023
05%
Sep 2023 - 02 Oct 2023
05%
Sep 2023 - 30 Sep 2023
05%
Sep 2023 - 29 Sep 2023
05%
Sep 2023 - 28 Sep 2023
05%
Sep 2023 - 27 Sep 2023
05%
Sep 2023 - 26 Sep 2023
05%
Sep 2023 - 25 Sep 2023
05%
Sep 2023 - 24 Sep 2023
05%
Sep 2023 - 22 Sep 2023
05%
Sep 2023 - 21 Sep 2023
05%
Sep 2023 - 20 Sep 2023
05%
Sep 2023 - 19 Sep 2023
05%
Sep 2023 - 18 Sep 2023
05%
Sep 2023 - 17 Sep 2023
05%
Sep 2023 - 15 Sep 2023
05%
Sep 2023 - 14 Sep 2023
05%
Sep 2023 - 13 Sep 2023
05%
Sep 2023 - 12 Sep 2023
05%
Sep 2023 - 11 Sep 2023
05%
Sep 2023 - 10 Sep 2023
05%
Sep 2023 - 08 Sep 2023
05%
Sep 2023 - 07 Sep 2023
05%
Sep 2023 - 06 Sep 2023
05%
Sep 2023 - 05 Sep 2023
05%
Sep 2023 - 04 Sep 2023
05%
Sep 2023 - 03 Sep 2023
05%
Aug 2023 - 01 Sep 2023
05%
Jul 2023 - 31 Aug 2023
05%
Jun 2023 - 31 Jul 2023
05%
May 2023 - 30 Jun 2023
05%
Apr 2023 - 31 May 2023
05%
Mar 2023 - 30 Apr 2023
05%
Feb 2023 - 31 Mar 2023
05%
Jan 2023 - 28 Feb 2023
05%
Dec 2022 - 31 Jan 2023
05%
Dec 2022 - 31 Dec 2022
05%
Dec 2022 - 31 Dec 2022
05%
Nov 2022 - 31 Dec 2022
05%
Nov 2022 - 30 Nov 2022
05%
Nov 2022 - 30 Nov 2022
05%
Nov 2022 - 30 Nov 2022
05%
Oct 2022 - 30 Nov 2022
10%
Oct 2022 - 31 Oct 2022
10%
Oct 2022 - 31 Oct 2022
10%
Oct 2022 - 31 Oct 2022
10%
Oct 2022 - 31 Oct 2022
10%
Sep 2022 - 31 Oct 2022
10%
Sep 2022 - 30 Sep 2022
10%
Sep 2022 - 30 Sep 2022
10%
Sep 2022 - 30 Sep 2022
10%
Aug 2022 - 30 Sep 2022
10%
Aug 2022 - 31 Aug 2022
10%
Aug 2022 - 31 Aug 2022
10%
Expense ratio, exit load and taxExpense ratio: 0.05%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹100
Fund managementDhaval Patel
Mar 2023 - Present
View details
Education
Mr. Patel has done IBS from Hyderabad
Experience
Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
Also manages these schemes
Axis Strategic Bond Fund Direct Growth
Axis Credit Risk Fund Direct Growth
NJ Balanced Advantage Fund Direct Growth
NJ Arbitrage Fund Direct Growth
NJ Overnight Fund Direct Growth
NJ ELSS Tax Saver Scheme Direct Growth
NJ Flexi Cap Fund Direct Growth
Viral Shah
Oct 2022 - Present
View details
Education
Mr. Shah has done B.E. and MBA (Finance)
Experience
Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
Also manages these schemes
NJ Balanced Advantage Fund Direct Growth
NJ Arbitrage Fund Direct Growth
NJ Overnight Fund Direct Growth
NJ ELSS Tax Saver Scheme Direct Growth
Fund house & investment objective
NJ Mutual Fund
Rank (total assets)NA
Total AUM₹5,831.89Cr
Date of Incorporation20 Apr 2021
 NJ Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by NJ Mutual Fund. This scheme was made available to investors on 20 Apr 2021. Viral Shah is the Current Fund Manager of NJ Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹5,832 Cr and the Latest NAV as of 13 May 2024 is ₹1,118.32.
The NJ Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seek to generate returns commensurate with risk of investments in overnight instruments.
;
Fund benchmarkNIFTY 1D Rate Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra (East), Mumbai 400051
Phone
NA
Launch Date
Apr 2021
E-mail
NA
Website
njmutualfund.com
NJ Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
NJ Overnight Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.6%	3.3%	6.7%	11.8%
Category average	NA	NA	6.7%	NA
Rank with in category	28	31	27	NA

Rank (total assets)	NA
Total AUM	₹5,831.89Cr

Date of Incorporation	20 Apr 2021

Fund benchmark	NIFTY 1D Rate Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹500

Rating	2
Fund size	₹168.54Cr

NJ Overnight Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.05%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Dhaval PatelMar 2023 - PresentView details

Viral ShahOct 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Dhaval Patel
Mar 2023 - Present
View details

Viral Shah
Oct 2022 - Present
View details