Mirae Asset Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV: ₹ 1148.2 as on 26-03-2023
Fund Performance
24 people have invested ₹ 70.7L in mutual fund in the last three months
Fund Insights
In the last 1 year, Nippon India Overnight Fund Direct Growth has given 5.45% return, outperforming Mirae Asset Overnight Fund Direct Growth by 0%
In the last 3 years, Mirae Asset Overnight Fund Direct Growth has outperformed all funds in its category
Over the last 1 year, Mirae Asset Overnight Fund Direct Growth has decreased expense ratio by 8.3% moving from 0.12 to 0.11
Mirae Asset Overnight Fund Direct Growth expense ratio is slightly on the lower side within the category (overnight). Its expense ratio is 0.11% which is lower than the category average expense ratio of 0.13%
Mirae Asset Overnight Fund Direct Growth Performance as on (26-Mar-23)
About the Fund
Mirae Asset Overnight Fund Direct Growth is a debt fund. This fund was started on 15 October, 2019. The fund is managed by Abhishek Iyer. This fund is suitable to keep your money safe.
Key parameters
1) Mirae Asset Overnight Fund Direct Growth has a NAV of ₹1148.1603 as on 26-03-2023.
2) Mirae Asset Overnight Fund Direct Growth has ₹713 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.11 %.
Mirae Asset Overnight Fund Direct Growth Overview
 | 0.11% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹713 Cr |
 | 15 October, 2019 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 49.06% |
Fund Distribution as on (28-Feb-23)
Sector Allocation
Cash Equivalent
100%
Top Holdings of Mirae Asset Overnight Fund Direct Growth as on (28-Feb-23)
Debt Holdings2
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Reverse Repo | 82.1% | 0% | |
364 Dtb 23022023 | 0.71% | 0% |
Mirae Asset Overnight Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Overnight Index returns stands at 0.41% as on Feb'23
- This fund outperformed Overnight Index by 0.08% in Feb'23
AUM Change
- AUM of the fund stands at 700.2 Cr as of Feb'23
- AUM decreased by 314.4 Cr between Feb'23 and Jan'23
Peer Analysis
Mirae Asset Overnight Fund Direct Growth Fund Manager
Abhishek Iyer
Fund Manager of Mirae Asset Overnight Fund Direct Growth, since 28 December 2020
Top funds managed
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 4.09% since inception which is more than its category average return of 3.26%
AUM size ₹713 Cr
This fund has AUM of ₹713 Cr which is less than its category average of ₹ 3782 Cr
Expense Ratio 0.11%
This fund has an expense ratio of 0.11% which is less than its category average expense ratio of 0.15%
Frequently Asked Questions
The current NAV of Mirae Asset Overnight Fund Direct Growth is 1147.74 as on 24-Mar-2023.
Existing (Absolute + CAGR)
Mirae Asset Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.49% | 0.49% |
6 Month Returns | 3.07% | 3.07% |
1 Year Returns | 5.41% | 5.41% |
3 Years Returns | 12.32% | 3.95% |
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.
0.11 as on February 2023
713 Cr as on February 2023
Abhishek Iyer is the fund manager of Mirae Asset Overnight Fund Direct Growth
The Exit load of Mirae Asset Overnight Fund Direct Growth is 0%