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NJ Overnight Fund - Direct Plan - Growth Option vs PGIM India Overnight Fund - Direct Plan - Growth Option
NJ Overnight Fund and PGIM India Overnight Fund are both in the Overnight Fund category, from NJ Asset Management Private Limited and PGIM India Asset Management Private Limite respectively. NJ Overnight Fund has posted a higher 3-year rolling CAGR. NJ Overnight Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
NJ Overnight Fund has the lower direct-plan expense ratio, by 0.10 percentage points.
| NJ Overnight Fund - Direct Plan - Growth Option | PGIM India Overnight Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Overnight Fund | Overnight Fund |
| AMC | NJ Asset Management Private Limited | PGIM India Asset Management Private Limite |
| Benchmark | No benchmark required for this fund category | No benchmark required for this fund category |
| NAV | ₹1283.5983 (2026-10-28) | ₹1429.2382 (2026-10-28) |
| AUM | ₹377.75 Cr | ₹91.24 Cr |
| Expense Ratio (Direct) | 0.08% | 0.18% |
| Inception | 2022-07-29 | 2019-08-12 |
Returns
NJ Overnight Fund leads on 3-year rolling CAGR (6.3% vs PGIM India Overnight Fund's 5.7%) - see the FAQ below for percentile context within each fund's own category.
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
NJ Overnight Fund and PGIM India Overnight Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, NJ Overnight Fund or PGIM India Overnight Fund?
NJ Overnight Fund's 3-year rolling CAGR of 6.3% is higher than PGIM India Overnight Fund's 5.7%. NJ Overnight Fund sits in the 89th percentile of its category on this metric, versus the 61st percentile for PGIM India Overnight Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, NJ Overnight Fund or PGIM India Overnight Fund?
NJ Overnight Fund's direct-plan expense ratio is 0.10 percentage points lower than PGIM India Overnight Fund'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 NJ Overnight Fund and PGIM India Overnight Fund 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, NJ Overnight Fund or PGIM India Overnight Fund?
NJ Overnight Fund has ₹378 Cr in assets under management, versus ₹91 Cr for PGIM India Overnight Fund. 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, NJ Overnight Fund or PGIM India Overnight Fund?
PGIM India Overnight Fund launched on 2019-08-12, making it older than NJ Overnight Fund (launched 2022-07-29). 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.