OvernightModerately LowVR Rating
₹7,093 Cr.
None
| Name | 1Y Return | VR Rating | 1Y Rank | 3Y Rank | 5Y Rank | Alpha | NAV(₹) |
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Kotak Overnight Fund-Reg(G) is an open-ended overnight fund designed for investors who want to park money for a very short-term period. Overnight funds typically invest in overnight (1 day maturity) debt and money market instruments, which is why they are generally considered as the lowest risk category across all the debt funds including liquid funds.
As of 1 Feb 2026, Kotak Overnight Fund-Reg(G) manages ₹7093 crore in assets, has a Yield to Maturity (YTM) of 5%, and a Modified Duration of 2 days.
In simple terms: YTM indicates the portfolio’s current income potential, while modified duration shows how sensitive the fund is to interest-rate changes (lower is typically more stable for short-term parking).
The investment objective of Kotak Overnight Fund-Reg(G) is to generate reasonable returns with very high liquidity by investing in overnight money market and debt instruments, in line with overnight fund norms. Investors can typically invest and redeem on business days (subject to scheme cut-off timings and applicable exit load).
The current NAV of the scheme is ₹ 1422.91 as on 8 Mar 2026, and the risk level is Moderately Low.
Kotak Overnight Fund-Reg(G) was launched on 15 Jan 2019 and is benchmarked against Nifty 1D Rate Index. The scheme is managed by Deepak Agrawal, Sunil Pandey who has been managing the fund since 10 Jan 2019. The exit load of the fund is Nil.
Kotak Overnight Fund-Reg(G) invests across overnight instruments to balance liquidity and yield. As of 31 Jan 2026, the portfolio is allocated to Treasury Bills (4%).
A quick way to read this: higher TREPS/G-Secs/cash typically signals more conservatism and liquidity, while the overall mix aims to deliver stable overnight accrual returns, assuming credit quality stays strong.
Credit quality matters even in overnight funds. The fund’s portfolio is allocated 4% to SOV.
In plain language: the higher the share of top-rated and sovereign instruments, the more the fund is leaning toward safety and stability. For overnight funds, credit quality is the most important filter, because one avoidable credit event can matter more than small return differences.
The top 5 holdings of the fund are 182 DAYS TREASURY BILL 19/03/2026 (1.4%), 364 DAYS TREASURY BILL 19/03/2026 (1.1%), 364 DAYS TREASURY BILL 05/03/2026 (0.7%), 182 DAYS TREASURY BILL 05/03/2026 (0.7%).
In overnight funds, large holdings are commonly TREPS/repo exposures, overnight government securities, or very short-term issuances from well-known institutions, chosen mainly for liquidity and credit comfort.
The top sector exposures are Finance (82%), Unspecified (11%), Miscellaneous (4%), G-Sec (4%), Other (0%).
It is normal for overnight funds to show meaningful exposure to banks/financial institutions and sovereign-linked instruments, because repo/TREPS and short-term money market activity is concentrated there.
Kotak Overnight Fund-Reg(G)’s recent annualized returns are 4.8% (1 month), 5.0% (3 months) and 5.2% (6 months). Over 1 year, it has delivered 5.5% annualized returns. These returns are as of 9 Mar 2026.
Against the full overnight fund peer set, the scheme is ranked 2/38 over 1 month, 6/38 over 3 months, and 6/38 over 6 months period.
One simple way to interpret rankings: overnight funds rarely differ wildly in returns, so comparing the returns against peers will not make sense unless and until there is a big deviation.
If you had invested ₹1,00,000 in Kotak Overnight Fund-Reg(G) then you would have got:
| Duration | Annualized Returns (%) | Current Total Value | Current Total Profit |
|---|---|---|---|
| 1 Month | 4.8% | ₹104800.00 | ₹4800.00 |
| 3 Months | 5.0% | ₹105000.00 | ₹5000.00 |
| 6 Months | 5.2% | ₹105200.00 | ₹5200.00 |
Note: These are historical returns and they may not repeat in the future.
Also note for very short holding periods, exit load can impact realized returns. Always check exit load before investing in any fund.
The Potential Risk Class (PRC) matrix of Kotak Overnight Fund-Reg(G) is A-I which means that the fund has Relatively low interest rate risk and relatively low credit risk.
It may suit investors who want to:
It offers a few practical benefits: professional management of overnight instruments, easy entry/exit (subject to cut-offs), a portfolio that is typically built for stability, and a structure that can be useful for short-term cash management, like emergency buffers, business expenses, planned expenses or any near-term goals.
Overnight are low risk, but not risk-free. Key things to watch are credit quality (ratings mix), exit load/cut-off rules, changes in YTM and duration, and whether the schemes role matches your time horizon. Overnight funds are generally not meant for long-term wealth creation; they are mainly for parking money efficiently. Also, note the cut-off timings of overnight funds are different from other categories of funds.
For Overnight, taxation depends heavily on when you bought your units. Units acquired on or after 1 April 2023 are generally taxed as short-term capital gains at your slab rate and there are no long-term capital gain and loss benefits.
For units acquired before 1 April 2023, taxation follows the older capital-gains framework based on holding period and the date of sale.
Note that regulatory/tax updates over time can change how long-term treatment works.
Kotak Overnight Fund-Reg(G) is positioned as a very short-term parking option that aims to keep your money accessible while delivering reasonable returns through overnight (1-day maturity) instruments.
A simple way to track whether it is doing its job is to follow three live indicators: credit quality, peer ranking consistency, and monthly movement in YTM and modified duration. Among these, credit quality should always come first because protecting capital matters more than chasing marginally higher returns. When comparing overnight funds focus on the sovereign/top-rated mix, issuer concentration, and any meaningful shifts in the credit profile, and use returns/ranks mainly as a supporting check.
Choose from 1800+ schemes across AMCs with Ventura
To invest a lumpsum amount in Kotak Overnight Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select Kotak Overnight Fund-Reg(G) from the list, the amount to be invested & make the payment.
To start a SIP (Systematic Investment Plan) in Kotak Overnight Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select Kotak Overnight Fund-Reg(G) from the list, the amount to be invested & date of deduction. Pay the first instalment towards your SIP. Set the autopay mandate to enable regular investment of future SIP instalments, directly from your bank account. And you're done. Note: Remember to keep your bank account funded with the amount for regular SIPs for your mutual fund investment in Kotak Overnight Fund-Reg(G).
It will take up to one trading day for the invested Kotak Overnight Fund-Reg(G) units to reflect in your portfolio. For example, If you have made the investment in Kotak Overnight Fund-Reg(G) on Monday before the cut-off time, the units will be allotted to you by Tuesday or the next working day if it is followed by a holiday. The NAV (Net Asset Value) for the units allotted will be as of the day you place your trades.
Yes, mutual funds can be bought or redeemed after market hours through the Ventura web platform or mobile application. However, the execution of these orders depends on the mutual fund's cutoff time for processing transactions.
