SBI OVERNIGHT FUND vs HDFC Overnight Fund
Updated June 2026 · both Overnight funds · metrics from AMFI NAVs
In short: SBI OVERNIGHT FUND has the higher 3-year return (+6.17%); SBI OVERNIGHT FUND has the lower expense ratio (0.09%). This is analysis from past data, not a recommendation.
| Metric | SBI OVERNIGHT FUND | HDFC Overnight Fund |
|---|---|---|
| 1Y return | +5.31% | +5.30% |
| 3Y CAGR | +6.17% | +6.16% |
| 5Y CAGR | +5.57% | +5.56% |
| Sharpe ratio | - | - |
| Max drawdown | 0.0% | 0.0% |
| Volatility | 0.4% | 0.4% |
| Alpha | -0.23% | -0.23% |
| Expense ratio (Direct) | 0.09% | 0.11% |
| AUM | ₹30.2K Cr | ₹12.4K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
SBI OVERNIGHT FUND has the lower Direct-plan expense ratio (0.09%), versus 0.11% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
SBI OVERNIGHT FUND has the higher 3-year CAGR (+6.17%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.