SBI LIQUID FUND INSTITUTIONAL vs SBI OVERNIGHT FUND
Operational terms side by side, from the exchange scheme master.
| Term | SBI LIQUID FUND INSTITUTIONAL | SBI OVERNIGHT FUND |
|---|---|---|
| Fund house | SBI MUTUAL FUND | SBI MUTUAL FUND |
| Category | Liquid | Liquid |
| Plan | Regular · Growth | Regular · Growth |
| Minimum SIP | ₹100 | ₹2,000 |
| Minimum lumpsum | ₹500 | ₹5,000 |
| SIP dates | 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th and 30th | 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th and 30th |
| Purchase cutoff | 1:30 pm | 1:30 pm |
| Redemption payout | 1 business days | 1 business days |
| Lock-in | None | None |
| Risk band | Low to Moderate | Low to Moderate |
| Exit load | 0 | 0 |
Returns, like for like
Neither scheme has published returns yet. SBI LIQUID FUND INSTITUTIONAL: This scheme has no AMFI code in the exchange master, so we cannot match it to a published NAV. SBI OVERNIGHT FUND: This scheme has no AMFI code in the exchange master, so we cannot match it to a published NAV.
Market figures are indicative and may be delayed. Past performance does not indicate future returns. Securities and schemes named anywhere on this platform are exemplary, not recommendatory.
What this comparison leaves out
Expense ratios and assets under management. Neither the exchange’s scheme master nor the AMFI NAV feed carries them, so they are not shown rather than estimated. For those, read each scheme’s information document and factsheet. Portfolio holdings are published by each AMC separately rather than centrally, so an overlap is shown only once both schemes' monthly disclosures have been imported.
Questions about this comparison
What is the difference between SBI LIQUID FUND INSTITUTIONAL and SBI OVERNIGHT FUND?
Both are Liquid schemes, so SEBI requires both to hold debt and money market securities maturing within 91 days. On the operational terms we hold, they differ in 2 respects: Minimum SIP, Minimum lumpsum. Their returns are not compared here, because the two do not share a period of NAV history that can be measured like for like.
Which of SBI LIQUID FUND INSTITUTIONAL and SBI OVERNIGHT FUND is better?
We do not answer that. GrowIQ is an AMFI-registered mutual fund distributor, not an investment adviser, and does not rate or rank schemes. This page sets out the operational terms of each — minimums, dates, cutoffs, lock-in and exit load — so you can compare checkable facts. Which suits you depends on your goal, horizon and tax position, and is worth discussing with a SEBI-registered investment adviser.
Can I switch between SBI LIQUID FUND INSTITUTIONAL and SBI OVERNIGHT FUND?
Both schemes permit switches. A switch is treated as a redemption from one scheme and a fresh purchase into the other, so it is a taxable event even though no money reaches your bank, and any exit load and lock-in on the scheme you are leaving still apply.