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4 star

Mirae Asset Overnight Fund - Regular Plan


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
Fund 2.93 0.01 0.06 0.26 0.79 1.57 3.14 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 -- -- -- --
Debt: Overnight 2.88 0.01 0.06 0.26 0.78 1.55 3.08 -- -- -- --
Rank within category 4 9 3 9 7 4 3 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 07-Dec-2021

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
4 star
Oct-19 3.14 -- -- 0.21% 508
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.13 -- -- 0.12% 8,428
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.11 4.10 4.56 0.12% 6,655
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.09 -- -- 0.14% 1,926
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.16% 1,058

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
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 3.95 0.36 0.44 2.24 0.60 0.53
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.01 0.01 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.39 3.48 3.06 --
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-Oct-2021

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 07-Dec-2021

Growth: ₹ 1,075.5181

IDCW Weekly: ₹ 1,000.5394

More

IDCW Monthly: ₹ 1,001.1470

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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum 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: 3.45%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 508 Cr (As on 31-Oct-2021)
Expense: 0.21% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Dec-20210.0855

 06-Dec-20210.0857
 05-Dec-20210.1883
 03-Dec-20210.0942
 02-Dec-20210.0856
 01-Dec-20210.0877
 30-Nov-20210.0875
 29-Nov-20210.0858
 28-Nov-20210.1726
 26-Nov-20210.0863
 25-Nov-20210.0874
 24-Nov-20210.0880
 23-Nov-20210.1025
 22-Nov-20210.0942
 21-Nov-20210.2662
 18-Nov-20210.0888
 17-Nov-20210.0871
 16-Nov-20210.0866
 15-Nov-20210.0861
 14-Nov-20210.1689
 12-Nov-20210.0845
 11-Nov-20210.0858
 10-Nov-20210.0863
 09-Nov-20210.0873
 08-Nov-20210.0888
IDCW Weekly01-Dec-20210.6074

 24-Nov-20210.6399
 17-Nov-20210.5992
 10-Nov-20210.6224
 03-Nov-20210.6117
 27-Oct-20210.6189
 20-Oct-20210.5861
 13-Oct-20210.5778
 06-Oct-20210.6035
 29-Sep-20210.6073
 22-Sep-20210.6002
 15-Sep-20210.5791
 08-Sep-20210.5609
 01-Sep-20210.5731
 25-Aug-20210.5703
 18-Aug-20210.5722
 11-Aug-20210.5792
 04-Aug-20210.5945
 28-Jul-20210.5128
 22-Jul-20210.6806
 14-Jul-20210.6104
 07-Jul-20210.5956
 30-Jun-20210.5998
 23-Jun-20210.6057
 16-Jun-20210.5999
IDCW Monthly24-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
 24-Mar-20202.7225
 24-Feb-20202.9726
 24-Jan-20202.8806
 24-Dec-20192.7530
 24-Nov-20191.0610

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

Email: [email protected]

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

Registrar & Transfer Agent: KFin Technologies Pvt 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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