Mirae Asset Overnight Fund Direct Growth
Mirae Asset Overnight Fund Direct Growth

Mirae Asset Overnight Fund Direct Growth

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Debt
Direct
Overnight

NAV: ₹ 1138.9 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
32 people have invested ₹ 25.5L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Axis Overnight Fund Direct Growth has given 5.03% return, outperforming this fund by 0%

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In the last 3 years, this fund has outperformed all funds in its category

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Over the last 6 months, this fund has decreased expense ratio by 15.4% moving from 0.13 to 0.11

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This fund 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%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
3Y
This Fund
0.5%
1.5%
3%
5%
3.9%
Benchmark
-
-
-
-
-
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 1138.8944 as on 08-02-2023.

2) Mirae Asset Overnight Fund Direct Growth has 792 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.11 %.

Fund Overview

Expense ratio
Expense ratio
0.11%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹792 Cr
Inception Date
Inception Date
15 October, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
49.06%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%

Sector Allocation

Dec'22

Nov'22

Oct'22

Cash Equivalent

100%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings2
Holdings
Weight%
Holdings Trend
1M Change
Reverse Repo
Reverse Repo
66.55%
0%
182 DTB 02022023
182 DTB 02022023
0.63%
0%

What changed

in last one month
  • Scheme
AUM decreased by 348.3 Cr in last 1M
Dec'69 return outperformed benchmark

Change in AUM

Dec'22
₹ 860.4 Cr
Nov'22
₹ 1.2K Cr
Oct'22
₹ 409.9 Cr

Fund Returns vs Benchmark

Jan'23
0.41%
0.36%
Dec'22
0.44%
0.40%
Nov'22
0.43%
0.41%
Fund Return
Benchmark Return

Fund Manager

Abhishek Iyer

Abhishek Iyer

Fund Manager of Mirae Asset Overnight Fund Direct Growth, since 28 December 2020

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Email
customercare@miraeasset.com

Fund Highlights

Risk meter
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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% since inception which is more than its category average return of 3.16%
AUM size ₹792 Cr

AUM size ₹792 Cr

This fund has AUM of ₹792 Cr which is less than its category average of ₹ 3532 Cr
Expense Ratio 0.11%

Expense Ratio 0.11%

This fund has an expense ratio of 0.11% which is less than its category average expense ratio of 0.14%

Frequently Asked Questions

The current NAV of Mirae Asset Overnight Fund Direct Growth is 1138.7 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.54%
0.54%
6 Month Returns
2.97%
2.97%
1 Year Returns
5.02%
5.02%
3 Years Returns
12.13%
3.89%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • 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 January 2023
792 Cr as on January 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%

Mutual Fund execution provided by

Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.