Two funds walk into a table. Only the numbers talk.
Zerodha CASE Overnight Fund vs Bank of India Overnight Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- AZerodha CASE Overnight Fund
Zerodha CASE Mutual Fund
- Overnight Fund
- Direct plan
- Low Risk
NAV ₹10.88 on 13 Nov 2026
- BBank of India Overnight Fund
Bank of India Mutual Fund- Overnight Fund
- Direct plan
- Low Risk
NAV ₹1,414.87 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 1 year all of them have been around.
Grew faster
BBank of India Overnight Fund
Bank of India Overnight Fund returned 5.5% in the last year, against 5.1% for Zerodha CASE Overnight Fund. ₹1 lakh invested 1 year ago would be about ₹1.05 Lakh today, against ₹1.05 Lakh.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- AZerodha CASE Overnight Fund₹10,514 from ₹10,000(5.1% a year)
- BBank of India Overnight Fund₹10,549 from ₹10,000(5.5% a year)
A one-time ₹10,000 put in 1 year ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
AZerodha CASE Overnight Fund
- Strength: Low cost: 0.13% a year
- Watch out: Swings more than most funds in its category
- Watch out: Small fund (₹99 Cr), often newer or less tested
- Watch out: Less than 3 years of history, too short to judge
BBank of India Overnight Fund
- Strength: In the top quarter of its category over 5 years (#1 of 27)
- Strength: Low cost: 0.09% a year
- Watch out: Earned less than a 5-year SBI FD: 5.9% a year over 5 years, against 6.05%
- Watch out: Small fund (₹88 Cr), often newer or less tested
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | AZerodha CASE Overnight Fund | BBank of India Overnight Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 5.1%#31 of 36 · avg 5.2% | 5.5%Best#1 of 36 · avg 5.2% |
| 3 yearsPer year, over a full market mood swing | – | 6.1%#1 of 33 · avg 6% |
| 5 yearsPer year, the fairest single test | – | 5.9%#1 of 27 · avg 5.8% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 0.1%category avg 0.1% | 0.1%Bestcategory avg 0.1% |
| Best 12 monthsIts strongest year | 5.3% | 6.9%Best |
| Worst 12 monthsIts weakest year | 5.1%Best | 3.2% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 100% | 100% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.13% | 0.09%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹99 Cr | ₹88 Cr |
| Minimum SIPSmallest monthly amount | ₹100 | – |
| Lock-inTime before you can withdraw | None | None |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
AZerodha CASE Overnight Fund
Might suit you if…
- you prefer its fund house or approach. On these numbers it is not the stand-out on any one measure
BBank of India Overnight Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls