Tata Overnight Fund: AUM Rs 4,571 Cr & 0.05% Expense Ratio
By ThePip Desk
Discover Tata Overnight Fund’s performance, featuring Rs 4,571 crore AUM, a low 0.05% expense ratio, and consistent low-risk returns for investors.
The Tata Overnight Fund (Direct Plan – Growth) is a liquid mutual fund launched on March 27, 2019, managed by Jennifer Karkaria and Vijay Kerkar for Tata Asset Management. It primarily invests in cash and cash equivalents, including repo and TREPS, to maintain a low-risk profile for investors.
Key Fund Metrics And Performance
As of September 17, 2026, the fund recorded specific operational and historical performance figures across multiple periods:
- AUM stands at Rs 4,571 crore as of September 17, 2026.
- Expense ratio is locked at 0.05%.
- One-year annualized return is 5.31%.
- Three-year annualized return is 6.11%.
- Five-year annualized return is 5.73%.
Investors can start a Systematic Investment Plan with a minimum amount of Rs 500. There is no exit load associated with this fund.
Taxation And Redemptions
Tax implications for the fund depend entirely on the holding period. Specific rates are applied for redemptions made either within or after one year.