Overnight funds: yield and credit quality
What every overnight fund's bonds yield, how much rates move it, and how its money is rated, from August 2026 portfolios.
These figures are from August 2026 portfolios.
Fund houses have published newer portfolios since, which are not yet in our data, so yields, duration and ratings may have changed. Check the fund's latest factsheet before investing.
Average yield to maturity
5.12%
5.01% after costs
Average modified duration
0.00 yrs
about −0.0% if rates rise 1%
Highest yield after costs
5.22%
Aditya Birla Sun life Overnight Fund
Average credit quality
8%
Sovereign or AAA
Direct plan, Growth option. Yield and ratings are the portfolio's; the plan changes only the expense ratio.
| Fund | Credit qualityshare of the fund | ||||||
|---|---|---|---|---|---|---|---|
| Category average | 5.12% | 5.01% | 0.00 yrs | 0.00 yrs | 0.0% | ||
| 5.31% | 5.22% | 0.01 yrs | 0.01 yrs | 0.0% | ₹11,387 Cr | ||
| 5.25% | 5.14% | 0.00 yrs | 0.00 yrs | 0.0% | ₹168 Cr | ||
| 5.24% | 5.13% | 0.00 yrs | 0.00 yrs | 0.0% | ₹792 Cr | ||
| 5.20% | 5.13% | 0.00 yrs | 0.00 yrs | 0.0% | ₹657 Cr | ||
| 5.27% | 5.13% | 0.00 yrs | 0.00 yrs | 0.0% | ₹657 Cr | ||
| 5.21% | 5.12% | 0.00 yrs | 0.00 yrs | 0.0% | ₹10,855 Cr | ||
| 5.20% | 5.12% | 0.00 yrs | 0.00 yrs | 0.0% | ₹1,927 Cr | ||
| 5.20% | 5.11% | 0.00 yrs | 0.00 yrs | 0.0% | ₹7,935 Cr | ||
| 5.18% | 5.11% | 0.01 yrs | 0.01 yrs | 0.0% | ₹1,213 Cr | ||
| 5.17% | 5.09% | 0.00 yrs | 0.00 yrs | 0.0% | ₹485 Cr | ||
| 5.20% | 5.09% | 0.00 yrs | 0.00 yrs | 0.0% | ₹10,342 Cr | ||
| 5.28% | 5.09% | 0.00 yrs | 0.01 yrs | 0.0% | ₹40.50 Cr | ||
| 5.21% | 5.08% | 0.00 yrs | 0.00 yrs | 0.0% | ₹358 Cr | ||
| 5.25% | 5.08% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹70.97 Cr | |
| 5.16% | 5.07% | 0.00 yrs | 0.00 yrs | 0.0% | ₹12,280 Cr | ||
| 5.16% | 5.07% | 0.00 yrs | 0.00 yrs | 0.0% | ₹1,527 Cr | ||
| 5.18% | 5.06% | 0.01 yrs | 0.01 yrs | 0.0% | ₹870 Cr | ||
| 5.13% | 5.04% | 0.00 yrs | 0.00 yrs | 0.0% | ₹8,999 Cr | ||
| 5.12% | 5.02% | 0.01 yrs | 0.01 yrs | 0.0% | ₹6,791 Cr | ||
| 5.13% | 5.02% | 0.00 yrs | 0.00 yrs | 0.0% | ₹3,194 Cr | ||
| 5.12% | 5.02% | 0.00 yrs | 0.00 yrs | 0.0% | ₹1,218 Cr | ||
| 5.09% | 5.02% | 0.00 yrs | 0.00 yrs | 0.0% | ₹4,805 Cr | ||
| 5.08% | 5.01% | 0.00 yrs | 0.00 yrs | 0.0% | ₹874 Cr | ||
| 5.10% | 5.01% | 0.00 yrs | 0.00 yrs | 0.0% | ₹5,556 Cr | ||
| 5.16% | 5.00% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹62.93 Cr | |
| 5.06% | 4.98% | 0.01 yrs | 0.01 yrs | 0.0% | ₹623 Cr | ||
| 5.13% | 4.96% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹297 Cr | |
| 5.04% | 4.94% | 0.00 yrs | 0.00 yrs | 0.0% | ₹72.95 Cr | ||
| 5.03% | 4.94% | 0.00 yrs | 0.00 yrs | 0.0% | ₹25,553 Cr | ||
| 5.05% | 4.94% | 0.00 yrs | 0.00 yrs | 0.0% | ₹73.86 Cr | ||
| 5.06% | 4.94% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹83.02 Cr | |
| 5.01% | 4.93% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹398 Cr | |
| 5.01% | 4.92% | 0.00 yrs | 0.00 yrs | 0.0% | ₹88.25 Cr | ||
| 5.04% | 4.91% | 0.00 yrs | 0.00 yrs | 0.0% | ₹98.78 Cr | ||
| 5.02% | 4.91% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹100 Cr | |
| 4.99% | 4.82% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹12.06 Cr | |
| 5.05% | 4.82% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹31.79 Cr | |
| 4.97% | 4.79% | 0.00 yrs | 0.00 yrs | 0.0% | ₹95.80 Cr | ||
| 4.85% | 4.66% | 0.00 yrs | 0.00 yrs | N/A | N/A | ₹53.70 Cr |
39 funds. Red in Below AAA: 10% or more rated A or lower, or unrated. Hover a credit bar for the split. Click a heading to sort.
What is the yield to maturity of a overnight fund?
The yearly return the fund's bonds would earn if each were held to maturity at today's prices and paid in full. Take away the expense ratio for a rough guide to what an investor keeps if interest rates stay where they are. It is not a promised return: rates change, and so do the bonds the fund holds.
What does modified duration tell me?
How much the NAV moves when interest rates move. A fund with a modified duration of 4 years would fall about 4% if rates rose by 1%, and gain about 4% if they fell by 1%. Overnight and liquid funds sit near zero; gilt and long duration funds can be 7 to 10.
How is credit quality grouped?
From the ratings in each fund's latest portfolio: Sovereign (government securities and T-bills), AAA and A1+ (the highest long and short-term ratings), AA (including short-term A1), A and below, and unrated. What the ratings do not cover, such as cash and REITs, is shown as Cash and other.
How current are these figures?
They come from each fund's portfolio disclosure as received from our data provider, and the page names the month. Yield, duration and ratings only change when a fund house publishes a new portfolio, so they are not daily figures. When a newer disclosure should already be out and is not yet in our data, the page says so.
Is a higher yield better?
A higher yield is usually paid for with lower-rated bonds or longer duration. Read it beside the Below AAA share and the duration: two funds with the same yield can carry very different risks.
Portfolio figures from our data provider, PulseLabs, as disclosed by each fund house. Yield to maturity is not a guaranteed return. Past performance does not indicate future returns.