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5 star

Mirae Asset 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
Mirae Asset Overnight Fund Reg-G 1.37 0.01 0.08 0.33 0.86 1.72 3.33 -- -- -- --
CCIL T Bill Liquidity Weight 0.57 -0.01 0.02 -0.06 0.27 0.84 1.87 -- -- -- --
Debt: Overnight 1.35 0.01 0.08 0.32 0.85 1.69 3.27 -- -- -- --
Rank within category 4 8 13 2 5 4 4 -- -- -- --
Number of funds in category 29 30 30 30 30 29 29 17 3 3 3

As on 23-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.33 -- -- 0.21% 511
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.33 3.70 -- 0.12% 9,563
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.30 3.68 4.51 0.12% 7,166
Edelweiss Overnight Fund - Regular Plan  | Invest Online
4 star
Jul-19 3.25 -- -- 0.16% 537
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.30 3.70 -- 0.14% 410

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.11 25-Oct-2019 - 03-Nov-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.42 25-Oct-2019 - 26-Nov-2019 0.21 25-Mar-2020 - 24-Apr-2020
Quarter 1.22 25-Oct-2019 - 26-Jan-2020 0.72 15-Oct-2020 - 14-Jan-2021
Year 3.85 18-Oct-2019 - 19-Oct-2020 3.01 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Mirae Asset Overnight Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.86 0.36 -1.85 -5.13 -- --
Debt: Overnight* 3.61 0.28 0.29 1.39 0.49 0.41
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 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 2
Modified Duration (yrs) 0.01 0.01 0.01 0.01
Average Maturity (yrs) 0.01 0.01 0.00 0.01
Yield to Maturity (%) 3.95 3.95 3.20 3.94
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 30-Apr-2022

Fund Manager

— Abhishek Iyer since 28-Dec-2020

Education: Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics

Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.

Funds Managed:


0.01%

Change from previous, NAV as on 23-May-2022

Growth: ₹ 1,092.6849

IDCW Weekly: ₹ 1,000.5453

More

IDCW Monthly: ₹ 1,002.9839

IDCW Daily: ₹ 1,000.0000


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.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 15-Oct-2019
Return Since Launch: 3.46%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 511 Cr (As on 30-Apr-2022)
Expense: 0.21% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-May-20220.1092

 22-May-20220.2204
 20-May-20220.1097
 19-May-20220.1050
 18-May-20220.1053
 17-May-20220.1067
 16-May-20220.3453
 13-May-20220.1145
 12-May-20220.1069
 11-May-20220.1055
 10-May-20220.1068
 09-May-20220.1078
 08-May-20220.2162
 06-May-20220.1078
 05-May-20220.1095
 04-May-20220.0989
 03-May-20220.1009
 02-May-20220.1003
 01-May-20220.2041
 29-Apr-20220.1016
 28-Apr-20220.1002
 27-Apr-20220.0989
 26-Apr-20220.0988
 25-Apr-20220.0977
 24-Apr-20220.1966
IDCW Weekly18-May-20220.7789

 11-May-20220.7536
 04-May-20220.7060
 27-Apr-20220.6866
 20-Apr-20220.6585
 13-Apr-20220.6654
 06-Apr-20220.6426
 30-Mar-20220.6191
 23-Mar-20220.6658
 16-Mar-20220.6237
 09-Mar-20220.6335
 02-Mar-20220.6102
 23-Feb-20220.6287
 16-Feb-20220.6244
 09-Feb-20220.6226
 02-Feb-20220.5780
 27-Jan-20220.8674
 19-Jan-20220.6535
 12-Jan-20220.6199
 05-Jan-20220.6212
 29-Dec-20210.6476
 22-Dec-20210.6880
 15-Dec-20210.6117
 08-Dec-20210.6266
 01-Dec-20210.6074
IDCW Monthly25-Apr-20222.9857

 24-Mar-20222.5383
 24-Feb-20222.8541
 24-Jan-20222.9175
 24-Dec-20212.7233
 24-Nov-20212.6539
 25-Oct-20212.6436
 24-Sep-20212.5724
 24-Aug-20212.4053
 26-Jul-20212.7609
 24-Jun-20212.6715
 24-May-20212.4321
 26-Apr-20212.7877
 24-Mar-20212.3682
 24-Feb-20212.3794
 25-Jan-20212.6452
 24-Dec-20202.4035
 24-Nov-20202.2169
 26-Oct-20202.7037
 24-Sep-20202.5739
 24-Aug-20202.6002
 24-Jul-20202.4342
 24-Jun-20202.4308
 26-May-20202.7424
 24-Apr-20202.2501

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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