How to Invest in Shriram Overnight Fund - Direct (IDCW-M) Direct Growth?

Shriram Overnight Fund - Direct (IDCW-M) is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.14% since inception. Looking to invest in Shriram Overnight Fund - Direct (IDCW-M) How about earning 1% extra return? All this is possible with m.Stock ! Investing in Shriram Overnight Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin: Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO. In the ‘Menu’ section, under ‘Products’ , select ‘Mutual Funds’ . In the search bar, enter the fund name, in this case, Shriram Overnight Fund - Direct (IDCW-M) On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus. If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete. If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility. So, why wait? Invest in Shriram Overnight Fund - Direct (IDCW-M) today and reap the benefits of this Overnight Fund fund!

How much returns has Shriram Overnight Fund - Direct (IDCW-M) Direct Growth generated?

In the short term, i.e., 1 year, Shriram Overnight Fund - Direct (IDCW-M) has generated annualised return of 4.41%. In the long-term, the fund has generated 5.70% and - in 3 and 5 years respectively. Since its inception, the fund has generated 4.14% returns.

What is the expense ratio of Shriram Overnight Fund - Direct (IDCW-M) Direct Growth?

The expense ratio of Shriram Overnight Fund - Direct (IDCW-M) Direct Growth is 0.19%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Shriram Overnight Fund - Direct (IDCW-M) Fund Direct Growth?

The Assets Under Management (AUM) of Shriram Overnight Fund - Direct (IDCW-M) is ₹75.22 (Cr) as of 2026-11-10 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Shriram Overnight Fund - Direct (IDCW-M) Direct Growth?

Redeeming or selling units of Shriram Overnight Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load . To redeem from Shriram Overnight Fund - Direct (IDCW-M): Login to your m.Stock account In portfolio, your mutual fund investments will be visible under ‘MF’ Select the fund you wish to redeem from (in this case Shriram Overnight Fund - Direct (IDCW-M)). Click on ‘Redeem’ button You have 2 options – redeem by units and redeem by value (you can only redeem free units) Select units to be redeemed and click on submit. Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Can I invest in SIP and Lumpsum in Shriram Overnight Fund - Direct (IDCW-M) Direct Growth?

Yes, you can invest both lumpsum and SIP in Shriram Overnight Fund - Direct (IDCW-M). Minimum lumpsum investment Shriram Overnight Fund - Direct (IDCW-M) is ₹500 and minimum SIP amount is ₹500 . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

What is the NAV of Shriram Overnight Fund - Direct (IDCW-M) Direct Growth?

The latest NAV ( Net Asset Value ) of Shriram Overnight Fund - Direct (IDCW-M) is Shriram Overnight Fund - Direct (IDCW-M) is ₹1003.98 as on 2026-11-10.

Which are the biggest stock holdings of Shriram Overnight Fund - Direct (IDCW-M)?

The 5 biggest stock holdings of Shriram Overnight Fund - Direct (IDCW-M) are: TBILL-91D (5.31%), Reverse Repo (87.72%), Reverse Repo (6.68%), Net CA & Others (0.29%),

What are the top sectors Shriram Overnight Fund - Direct (IDCW-M) invests in?

A majority of Shriram Overnight Fund - Direct (IDCW-M) 's AUM worth ₹75.22 (Cr) is invested in these 3 top sectors: There is no data for Top 3 sector holdings in the portfolio!

Shriram Overnight Fund - Direct (IDCW-M)

Overnight Fund

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NAV
1003.98(0.02%)
Fund Size (CR)
₹40.5
Expense Ratio
0.19
Scheme Type
Active Fund
Value Research
-

Min. investment
₹500
Minimum Additional Investment
₹500
Minimum SIP Investment
₹500
Minimum Withdrawal
₹1,000
Exit Load
0%
Return Since Launch
4.14%

There is no Asset Allocation data

Basic Details

Scheme Manager

Amit Modani

Bench Mark

CRISIL Liquid Overnight Index

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	October 30, 2026	10010.52	0.11%	-	0.09%	180/285
1 Month	October 6, 2026	10004.85	0.05%	-	0.37%	246/285
3 Month	August 6, 2026	10048.62	0.49%	-	1.13%	250/277
6 Month	May 6, 2026	10180.78	1.81%	-	2.38%	244/271
1 Year	November 6, 2025	10440.65	4.41%	4.41%	4.87%	231/260
3 Year	November 6, 2023	11812.11	18.12%	5.70%	5.42%	190/251
5 Year	-	-	-	-	-	-/-
Since Inception	August 26, 2022	11856.88	18.57%	4.14%	5.42%	235/283

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	December 1, 2025	1,20,000	7231469.55	5926.22%	5926.22%
3 Year	December 1, 2023	3,60,000	35856576.68	9860.16%	363.54%
5 Year	-	-	-	-	-
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Risk Ratios

0.13%

Standard Deviation

0.01%

Beta

-0.65%

Sharpe Ratio

-0.11%

Treynor's Ratio

-0.29%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
There's no data available of Stock Holdings

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Shriram Overnight Fund - Direct (IDCW-M)	40.50	0.05%	0.49%	1.81%	4.41%	5.70%
Groww Overnight Fund - Direct (IDCW-D) RI	62.93	0.81%	2.12%	4.74%	9.16%	7.24%
Franklin India Overnight Fund - Direct (IDCW-W)	874.27	1.26%	3.89%	5.26%	8.88%	7.18%
TRUSTMF Overnight Fund - Direct (IDCW-D) RI	73.86	0.75%	2.12%	4.31%	8.21%	8.05%
DSP Overnight Fund - Direct (IDCW-D) RI	3194.12	0.42%	1.20%	5.35%	7.99%	6.64%
PGIM India Overnight Fund - Direct (IDCW-W)	95.80	0.57%	1.75%	3.65%	7.06%	9.63%

List of Schemes under Shriram Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)

News

There are no new Updates!

Fund House Details & Investment Objective

Date of Incorporation

August 17, 2022

Total AUM (Cr)

₹75.22

Shriram Overnight Fund - Direct (IDCW-M) is an Overnight Fund-oriented fund from the renowned AMC, Shriram Mutual Fund. Launched in August 17, 2022, this fund is managed by Amit Modani. With assets under management (AUM) worth ₹75.22 (Cr), as of November 10, 2026, Shriram Overnight Fund - Direct (IDCW-M) is categorized as a Overnight Fund within its segment. The fund has generated a return of 4.14% since its launch.
The current NAV of Shriram Overnight Fund - Direct (IDCW-M) is ₹1,003.98, as on November 10, 2026. The fund's benchmark index is CRISIL Liquid Overnight Index. You can invest in Shriram Overnight Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 5.70% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.71% in Debt and 0.29% in cash and cash equivalents.

Mutual Fund Categories

Types of Mutual Funds

Debt Funds

Access debt markets and enjoy interest income from bonds and debentures. Ideal for conservative short-term investors

Hybrid Funds

Enjoy best of both the worlds - equity and debt. Ideal for beginners with medium-term investment horizon

Equity Funds

Invest in large, mid, and small cap sector stocks to enjoy capital appreciation. Ideal for aggressive, long-term investors

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SIP Calculator

Compute the future value of your SIP investments

Lumpsum Calculator

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SWP Calculator

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FAQs

Shriram Overnight Fund - Direct (IDCW-M) is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.14% since inception. Looking to invest in Shriram Overnight Fund - Direct (IDCW-M) How about earning 1% extra return? All this is possible with m.Stock! Investing in Shriram Overnight Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, Shriram Overnight Fund - Direct (IDCW-M)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Shriram Overnight Fund - Direct (IDCW-M) today and reap the benefits of this Overnight Fund fund!

Redeeming or selling units of Shriram Overnight Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Shriram Overnight Fund - Direct (IDCW-M):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case Shriram Overnight Fund - Direct (IDCW-M)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

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