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Bajaj Finserv Overnight Fund - Direct Plan - Growth vs Shriram Overnight Fund- Direct Growth
Bajaj Finserv Overnight Fund and Shriram Overnight Fund- Direct Growth are both in the Overnight Fund category, from Bajaj Finserv Asset Management Limited and Shriram Asset Management Co. Ltd. respectively. Bajaj Finserv Overnight Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Bajaj Finserv Overnight Fund has the lower direct-plan expense ratio, by 0.08 percentage points.
| Bajaj Finserv Overnight Fund - Direct Plan - Growth | Shriram Overnight Fund- Direct Growth | |
|---|---|---|
| Category | Overnight Fund | Overnight Fund |
| AMC | Bajaj Finserv Asset Management Limited | Shriram Asset Management Co. Ltd. |
| Benchmark | No benchmark required for this fund category | No benchmark required for this fund category |
| NAV | ₹1217.604 (2026-10-28) | ₹1280.9543 (2026-10-28) |
| AUM | ₹998.16 Cr | ₹80.53 Cr |
| Expense Ratio (Direct) | 0.11% | 0.19% |
| Inception | 2023-06-29 | 2022-08-17 |
Returns
Rolling returns are not available for this fund yet.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Punji Fund Health Score
Bajaj Finserv Overnight Fund and Shriram Overnight Fund- Direct Growth carry the same Punji Quality grade.
Frequently asked questions
Which has a lower expense ratio, Bajaj Finserv Overnight Fund or Shriram Overnight Fund- Direct Growth?
Bajaj Finserv Overnight Fund's direct-plan expense ratio is 0.08 percentage points lower than Shriram Overnight Fund- Direct Growth's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Bajaj Finserv Overnight Fund and Shriram Overnight Fund- Direct Growth show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Bajaj Finserv Overnight Fund or Shriram Overnight Fund- Direct Growth?
Bajaj Finserv Overnight Fund has ₹998 Cr in assets under management, versus ₹81 Cr for Shriram Overnight Fund- Direct Growth. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Bajaj Finserv Overnight Fund or Shriram Overnight Fund- Direct Growth?
Shriram Overnight Fund- Direct Growth launched on 2022-08-17, making it older than Bajaj Finserv Overnight Fund (launched 2023-06-29). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.