Mahindra Manulife Overnight Fund Direct Growth

Debt
Direct
Overnight
Mahindra Manulife Overnight Fund Direct Growth

About the Fund

Mahindra Manulife Overnight Fund Direct Growth is a debt fund. This fund was started on 24 July, 2019. The fund is managed by Rahul Pal, Amit Garg. This fund is suitable to keep your money safe.

Key Parameters

  1. Mahindra Manulife Overnight Fund Direct Growth has ₹295 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Mahindra Manulife Overnight Fund Direct Growth has given a CAGR return of 4.77% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.82% and 5.45% respectively.

Holdings

Mahindra Manulife Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 20062024

Taxation

As it is a overnight mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Mahindra Manulife Overnight Fund Direct Growth

The primary objective of the Scheme is to seek 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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 0.00. Mahindra Manulife Overnight Fund Direct Growth has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.09%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹295 Cr
Inception Date24 July, 2019
Min Lumpsum/SIP₹1000/--
Exit Load0%
Lock InNo Lock-in
TurnOver
1.99%
Risk
Risk meter
pointer
Low Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
182 DTB 20062024
182 DTB 20062024
0.46%
0%

Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Overnight Fund Direct Growth, since 24 July 2019
Amit Garg
Amit Garg
Fund Manager of Mahindra Manulife Overnight Fund Direct Growth, since 8 June 2020

Mahindra Manulife Overnight Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 4.77% since inception which is more than its category average return of 3.68%
AUM size ₹295 Cr

AUM size ₹295 Cr

This fund has AUM of ₹295 Cr which is less than its category average of ₹ 2681 Cr
Expense Ratio 0.09%

Expense Ratio 0.09%

This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of Mahindra Manulife Overnight Fund Direct Growth is ₹1257.9 as on 22-Jun-2024.
Existing (Absolute + CAGR) as on 22-Jun-2024.
Mahindra Manulife Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.55%
0.55%
6 Month Returns
3.35%
3.35%
1 Year Returns
6.82%
6.82%
3 Years Returns
17.27%
5.45%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.09% as on May 2024
₹295 Cr as on May 2024
Yield to Maturity is 6.71 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.01 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Rahul Pal, Amit Garg are the fund managers of Mahindra Manulife Overnight Fund Direct Growth
The Exit load of Mahindra Manulife Overnight Fund Direct Growth is 0%