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Mahindra Manulife Overnight Fund - Regular Plan download report


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 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
Mahindra Manulife Overnight Fund Reg-G 1.77 0.01 0.09 0.36 0.97 1.81 3.42 -- -- -- --
CCIL T Bill Liquidity Weight 0.83 -0.02 0.06 0.18 0.33 0.88 1.92 -- -- -- --
Debt: Overnight 1.76 0.01 0.09 0.36 0.97 1.80 3.38 -- -- -- --
Rank within category 7 15 14 9 13 7 6 -- -- -- --
Number of funds in category 29 30 30 30 30 29 29 17 3 3 3

As on 27-Jun-2022

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
4 star
Jul-19 3.42 -- -- 0.21% 260
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.44 3.65 -- 0.10% 10,000
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.42 3.63 4.40 0.12% 8,751
Edelweiss Overnight Fund - Regular Plan  | Invest Online
4 star
Jul-19 3.37 -- -- 0.16% 978
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.41 3.66 -- 0.14% 605

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.92 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Mahindra Manulife Overnight Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.69 0.37 -2.20 -4.41 -- --
Debt: Overnight* 3.56 0.25 0.22 0.98 0.33 0.33
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-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 2 1 2
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 4.23 4.23 3.22 --
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 364-D 09/06/2022 Treasury Bills SOV 0.00 - 0.38 0.38

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2022

Fund Manager

— Rahul Pal since 22-Jul-2019

Education: Mr. Pal is a B.Com (H) and Chartered Accountant.

Experience: Prior to joining Mahindra Manulife 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 is a B.Com, MMS Finance, CFA

Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 27-Jun-2022

Growth: ₹ 1,107.6720

IDCW Daily: ₹ 1,035.9560


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

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 23-Jul-2019
Return Since Launch: 3.55%
Benchmark: CRISIL Overnight Fund AI Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 260 Cr (As on 31-May-2022)
Expense: 0.21% (As on 31-May-2022)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily31-Mar-20223.9387

 20-Feb-20220.0927
 19-Feb-20220.0925
 18-Feb-20220.0923
 17-Feb-20220.0885
 16-Feb-20220.0899
 15-Feb-20220.0891
 14-Feb-20220.0928
 13-Feb-20220.0927
 12-Feb-20220.0927
 11-Feb-20220.0928
 10-Feb-20220.0940
 03-Jun-20210.0872
 02-Jun-20210.0858
 01-Jun-20210.0858
 31-May-20210.0858
 30-May-20210.0872
 29-May-20210.0872
 28-May-20210.0872
 27-May-20210.0858
 26-May-20210.0885
 25-May-20210.0885
 24-May-20210.0885
 23-May-20210.0899
 22-May-20210.0899

Contact Information

AMC: Mahindra Manulife Investment Management Private Limited

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

Phone: 022-66327900

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

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