Choice Overnight Fund

Income-oriented debt or money-market exposure

The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However, there is no assurance or guarantee that this objective will be achieved.

How the money may be invested

Debt & money market instruments maturing on or before next business day 0-100% G-secs and/or T-bills with a residual maturity of up to 30 days for the purpose of placing the same as margin and collateral for certain transactions 0-5%

SEBI category

Debt Scheme - 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

The performance of the scheme will be benchmarked to CRISIL Liquid Overnight Index.

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. Rochan Pattnayak

Manager tenure on this scheme

Since Mr. Rochan Pattnayak (Since Inception)

Role / co-management

Mr. Rochan Pattnayak — Primary

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 1% p.a, Direct 1% p.a

Exit load

Nil

Minimum application

For Lump-sum (including switch-ins): 1. Growth Option - (including switch-ins) - Rs. 1000/- 2. Daily IDCW Option: Rs.10,000/- For SIP (including switch-ins): 1.Daily - Rs.250/- · multiples of Re. 1/- thereafter

SIP frequency

For SIP - Daily , Weekly, Fortnightly, Monthly, Quarterly, Semi Annually & Annually For SWP - Monthly , Quarterly, Semi Annually & Annually For STP - Daily , Weekly, Fortnightly, Monthly, Quarterly

Minimum SIP amount

For SIP - Daily - Rs.250/- , Weekly - Rs.250/- , Fortnightly - Rs.500/- , Monthly - Rs.500/- , Quarterly - Rs.1,000/- , Semi Annually - Rs.5,000/- & Annually - Rs.5,000/- For SWP - Monthly - Rs.1,000/- , Quarterly - Rs.3,000/- , Semi Annually - Rs.6,000/- & Annually - Rs.6,000/- For STP - Daily - Rs.250/- , Weekly - Rs.500/- , Fortnightly - Rs.500/- , Monthly - Rs.1000/- , Quarterly - Rs.3,000/-

Minimum instalments

For SIP - Daily - 30 installments , Weekly - 12 installments, Fortnightly - 12 installments, Monthly - 12 installments, Quarterly - 4 installments, Semi Annually - 4 installments & Annually - 4 installments For SWP - Minimum installments 2 for all frequencies For STP - Daily - 30 installments , Weekly - 12 installments, Fortnightly - 12 installments, Monthly - 12 installments, Quarterly - 4 installments

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.