JM Overnight Fund

Income-oriented debt or money-market exposure

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document carefully and also note that there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.

How the money may be invested

Overnight securities or money market instruments* with maturity upto 1 business day - 0% - 100% *instruments with residual maturity not greater than 1 business day, including money market instruments^,TREPS$/ reverse repo, debt instruments^^, including floating rate instruments, with overnight maturity. ^ Commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bill and any other like instruments as specified by the Reserve Bank of India from time to time.^^Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings, municipal corporations, body corporates, central government securities, state development loans and UDAY bonds, recapitalization bonds, municipal bonds and G-Sec repos and any other instruments as permitted by regulators from time to time. $or similar instruments as may be permitted by RBI/SEBI.

SEBI category

Overnight Fund

Fund type

An open ended debt scheme investing in overnight securities.A relatively low interest rate risk and relatively low credit risk.

Primary benchmark

CRISIL Liquid Overnight Index

Secondary benchmark

Crisil 1 Year T Bill

Use the latest monthly portfolio

Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.

Manager and scheme tenure

Fund manager(s)

Mr. Killol Pandya, Ms. Ruchi Fozdar, Mr. Jayant Dhoot

Manager tenure on this scheme

Since Mr. Killol Pandya - 05/11/2024, Ms. Ruchi Fozdar - 03/04/2024, Mr. Jayant Dhoot - 01/08/2025

Role / co-management

Fund Manager - Mr. Killol Pandya, Co-Fund Managers - Ms. Ruchi Fozdar, Mr. Jayant Dhoot

The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.

Latest NAV records

NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.

What you pay and how money moves

Stated expense ratio

Regular 0.19%, Direct 0.12%

Exit load

Nil

Minimum application

1000 · multiples of 1

SIP frequency

SIP- Daily, Weekly, Fortnightly, Monthly ,Quarterly, STP- Daily,Weekly, Fortnightly, Monthly, Quarterly, SWP - Monthly, Quarterly, Half Yearly , Yearly

Minimum SIP amount

SIP - Daily, Weekly and Fortnightly - Rs. 500 - 6 Installments ; Monthly and Quarterly - Rs. 1000 - 6 Installments, STP- Daily 60 installments: 100 each. Further in multiples of Re 1/- Weekly/Fortnightly/Monthly : 12 installments for Rs. 500 or 6 installments for Rs. 1000 each. Further in multiple of Re 1/-. Quaterly : 3000 each 2 Instalments, SWP - Fixed Amount Withdrawal (FAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-; Capital Appreciation Withdrawal (CAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-

Minimum instalments

SIP - Daily, Weekly, Fortnightly, Monthly, Quarterly - 6; STP - Daily - 60, Weekly - 12 , Fortnightly - 12 , Monthly - 12, Quarterly - 2 , SWP- 5 Instalments

How a mutual-fund investment is paid

1. Complete KYCIdentity, PAN, bank and contact verification are required.
2. Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
3. Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
4. Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
5. Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.

Download and verify at source

The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.

Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.