Bajaj Finserv Overnight Fund

Note: Historical Performance of this scheme is not available because this scheme has not completed 6 months since inception.

Investment Objective


The scheme aims to provide reasonable returns commensurate with low risk and high level of liquidity through investments made primarily in overnight securities having maturity of 1 business day.

Disclaimer: There is no assurance that the investment objective of the Scheme will be achieved.


Key Features

Inception Date
July 05, 2023
Minimum Application Amount
Fresh Purchase (Incl. Switch-in): Minimum of Rs. 1,000/- and in multiples of Re. 1/- thereafter.
Category of Scheme
Overnight Fund
Minimum Additional Application Amount
Additional Purchase (Incl. Switch-in): Minimum of Rs. 1,000/- and in multiples of Re.1/- thereafter.
Type of Scheme
An open ended debt scheme investing in overnight securities with relatively low interest rate risk and relatively low credit risk.
Minimum Redemption Amount
Re. 1 and in multiples of Re. 0.01/- or the account balance of the investor, whichever is less
Regular Plan & Direct Plan
Load Structure/Lock-In Period
Entry load – not applicable
Exit load – nil
IDCW - Payout
IDCW - Reinvestment
IDCW - Transfer
Income Distribution cum Capital Withdrawal (IDCW)
Benchmark Index
CRISIL Liquid Overnight Index
Face Value
Asset Allocation Pattern

Instruments - Debt (Including floating rate debt instruments) and money market instruments

Indicative allocations - Maximum=100%, Minimum=0%.

Risk profile - Low to moderate

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Who Should Invest?


Institutions want to park surplus funds overnight.

Investors with idle cash looking to generate returns over and above current account.




Relatively stable returns

Overnight funds offer relatively stable returns to investors that may be marginally higher than the returns provided by a savings account.

Suitability for short-term goals

Overnight funds may be suitable for short-term financial goals like parking surplus funds or meeting short-term financial obligations.

Easy access to funds

Investors can invest in overnight funds through online or offline channels. Investors can also redeem their units conveniently.


Fund Manager

Mr. Nimesh Chandan

Mr. Nimesh has over 22 years of experience in the Indian Capital Markets. He has spent 17 years in Fund Management- managing and advising domestic and international investors, retail as well as institutional. Prior to joining Bajaj Finserv Asset Management Ltd, he has worked with Canara Robeco Asset Management as Head Investments, Equities (Domestic and Offshore). He has also worked with other asset management companies including Birla Sunlife Asset Management, SBI Asset Management and ICICI Prudential Asset Management.




Mr. Siddharth Chaudhary

Mr. Chaudhary joined the Company in July 2022 as a Senior Fund Manager – Fixed Income. Prior to this, he was associated with Sundaram Asset Management Co. Ltd from April 2019 - July 2022 as Head Fixed Income – Institutional Business. From April 2017 – March 2019, he served as a Senior Fund Manager – Fixed Income, and from August 2010 – March 2017 as a Fund Manager – Fixed Income with Sundaram Asset Management Co. Ltd. During June 2006 – September 2010, he was working as Senior Manager, Treasury Dept in Indian Bank.




Investment Style & Portfolio Strategy


The scheme aims to provide an investment vehicle to meet the needs of the investors who want to deploy their funds for a very short period.

The investment objective of the scheme is to generate income by investing in debt, money market instruments, and cash & cash equivalent with overnight maturity (maturing in one business day).

Investments under the scheme would be made mainly in triparty repo trades, debt and money market instruments and cash and cash equivalents with overnight maturity


Potential Risk Class (PRC)

Upload Risk Meter Image

The PRC matrix identifies the highest amount of potential risk that a debt mutual fund can assume.

This regulation was implemented by SEBI on December 1, 2021, making it essential for fund houses to categorize all new and existing schemes under a potential risk class (PRC) matrix.

Scheme Documents
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Application Form ImageName
Scheme Information Document (SID) ImageName
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Frequently Asked Questions


Bajaj Finserv Overnight Fund aims to generate income by investing in debt, money market instruments, and cash and cash equivalent with overnight maturity. Since the securities in these funds mature the next day, these funds are not exposed to the kind of interest rate risk or default risk like the rest of the debt funds. Investing in Bajaj Finserv Overnight Fund can help meet the needs of the investors who want to deploy their funds for a very short period.

Easy access to funds, suitability for short-term goals, relatively stable returns, high liquidity, and comparatively low risk are some of the benefits of investing in Bajaj Finserv Overnight Funds.

Bajaj Finserv Overnight Fund can be a suitable option for investors who are seeking regular income over short term that may be in line with the overnight call rates. Also, investors who are looking to invest in money market and debt instruments with overnight maturity can consider investing in this scheme. Investors should consult their financial advisor in case of any queries.