NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹4303.41
0.01%
NAV as on 02 Mar 26, 12:00 AM
low risk
overnight
liquid
NAV as on 02 Mar 26, 12:00 AM
low risk
overnight
liquid
5.48%p.a.
Last 1Y
6.22%p.a.
Last 3Y
5.38%p.a.
Last 5Y
6.43%p.a.
Since Inception
About SBI Overnight Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Overnight Fund -Growth scheme from SBI Mutual Fund. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Oct 2002, SBI Overnight Fund -Growth is Overnight fund of its category with 35,050.97 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
- SBI Overnight Fund -Growth delivered 5.5% annual returns during the last year. It has delivered 6.4% average annual returns since the fund was launched.
- SBI Overnight Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
To provide the investors an opportunity to invest in overnight securities maturing on the next business day
Top 10 Holdings
Repo
68.45%
Reverse Repo
27.60%
Net Payables
-0.06%
GOVERNMENT OF INDIA 35465 182 DAYS TBILL 17JL25 FV RS 100
1.33%
GOVERNMENT OF INDIA 35420 182 DAYS TBILL 03JL25 FV RS 100
1.91%
HDFC BANK LIMITED CD 01JUL25
3.24%
CANARA BANK CD 01JUL25
1.05%
GOVERNMENT OF INDIA 34825 364 DAYS TBILL 21AG25 FV RS 100
0.43%
GOVERNMENT OF INDIA 35566 182 DAYS TBILL 14AG25 FV RS 100
0.22%
GOVERNMENT OF INDIA 35543 182 DAYS TBILL 07AG25 FV RS 100
0.87%
Fund Managers
- Ranjana Gupta (Dec 2024 - Present)
Key Information
View Scheme Document
SBI Overnight Fund -Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on SBI Overnight Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in SBI Overnight Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in SBI Overnight Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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0.0%
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0.0%
ICICI Prudential Overnight Fund - Growth
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6.3%
Frequently Asked Questions
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