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Unrated

Mahindra Manulife Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

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:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.51 0.01 0.06 0.25 0.76 1.45 3.79 -- -- -- --
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 -- -- -- --
Debt: Overnight 2.53 0.01 0.06 0.25 0.75 1.45 3.82 -- -- -- --
Rank within category 16 6 9 9 7 13 17 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife Overnight Fund - Regular Plan
Unrated
Jul-19 3.79 -- -- 0.18 184
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.87 4.95 5.98 0.11 7,030
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.86 -- -- 0.19 3,980
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.98 -- -- 0.15 2,082
SBI Overnight Fund  | Invest Online
3 star
Oct-02 3.82 5.27 5.73 0.18 12,314

Best & Worst Performance

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) 3.78 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight* 4.99 0.34 -0.47 -0.63 0.38 0.30
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

* As on 31-Aug-2020

Portfolio Aggregates

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 (%) 3.12 5.27 0.95 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2020

Fund Manager

— Rahul Pal since 22-Jul-2019

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.

Funds Managed:

— Amit Garg since 08-Jun-2020

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.

Funds Managed:


--

Change from previous, NAV as on 27-Sep-2020

Growth: ₹ 1,047.4457

Dividend Daily: ₹ 1,000.2164


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 23-Jul-2019
Return Since Launch: 4.00%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 184 Cr (As on 31-Aug-2020)
Expense: 0.18% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0848

 24-Sep-20200.0836
 23-Sep-20200.0836
 22-Sep-20200.0836
 21-Sep-20200.0836
 20-Sep-20200.0836
 19-Sep-20200.0836
 17-Sep-20200.0836
 16-Sep-20200.0848
 15-Sep-20200.0861
 14-Sep-20200.0812
 13-Sep-20200.0848
 12-Sep-20200.0848
 11-Sep-20200.0848
 10-Sep-20200.0824
 09-Sep-20200.0836
 08-Sep-20200.0824
 07-Sep-20200.0812
 06-Sep-20200.0799
 05-Sep-20200.0799
 04-Sep-20200.0799
 03-Sep-20200.0799
 02-Sep-20200.0775
 01-Sep-20200.0787
 31-Aug-20200.0799

Contact Information

AMC: Mahindra Manulife Investment Management Private Limited

Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018

Phone: 022-66327900

Email: [email protected]

Website: http://www.mahindramanulife.com

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

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Last Session

VR Helpline

What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

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