1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||2.20||0.01||0.05||0.18||0.64||1.81||3.71||--||--||--||--|
|Rank within category||18||11||6||3||9||17||17||--||--||--||--|
|Number of funds in category||28||30||30||30||30||30||23||3||3||3||3|
As on 06-Aug-2020
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Mahindra Manulife Overnight Fund - Regular Plan||Jul-19||4.07||--||--||0.18||252|
|UTI Overnight Fund - Regular Plan | Invest Online||Dec-03||4.17||5.01||6.14||0.12||6,556|
|Nippon India Overnight Fund - Regular Plan||Dec-18||4.17||--||--||0.17||5,363|
|DSP Overnight Fund - Regular Plan | Invest Online||Jan-19||4.29||--||--||0.16||2,819|
|SBI Overnight Fund | Invest Online||Oct-02||4.13||5.40||5.85||0.18||13,825|
|Best (Period)||Worst (Period)|
|Week||0.11 (03-Oct-2019 - 10-Oct-2019)||0.02 (25-Mar-2020 - 01-Apr-2020)|
|Month||0.42 (10-Sep-2019 - 10-Oct-2019)||0.19 (23-Mar-2020 - 22-Apr-2020)|
|Quarter||1.25 (24-Jul-2019 - 23-Oct-2019)||0.68 (23-Mar-2020 - 22-Jun-2020)|
|Year||4.14 (24-Jul-2019 - 23-Jul-2020)||4.08 (03-Aug-2019 - 02-Aug-2020)|
|CCIL T Bill Liquidity Weight*||4.03||0.29||-4.08||-7.51||--||--|
|Rank within category||--||--||--||--||--||--|
|Number of funds in category||--||--||--||--||--||--|
The Risk Measures have been calculated using calendar month returns for the last three years.
* As on 31-Jul-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||--||1||1||--|
|Modified Duration (yrs)||0.00||0.01||0.00||--|
|Average Maturity (yrs)||0.00||0.01||0.00||--|
|Yield to Maturity (%)||3.24||5.28||0.95||--|
|The underlying data is unavailable.|
As on 30-Jun-2020
Education: Mr. Pal is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Mahindra Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Education: Mr Garg has a B.Com degree and has also done his MBA in Finance.
Experience: Mr Garg has over 8 years of experience. He has worked previously with Darashaw & Co. in investment banking sales and with Daiwa Asset Management as a Junior Fund Manager and Dealer.
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The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo.
|Minimum Investment (₹)||1,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||--|
|Fund House:||Mahindra Manulife Mutual Fund|
|Return Since Launch:||4.12%|
|Benchmark:||CRISIL Overnight Index|
|Assets:||₹ 252 Cr (As on 30-Jun-2020)|
|Expense:||0.18% (As on 30-Jun-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Mahindra Manulife Investment Management Private Limited
Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018
Email: [email protected]
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Email: [email protected]