Mirae Asset Overnight Fund Direct Growth

Mirae Asset Overnight Fund Direct Growth

Get the latest NAV of Mirae Asset Overnight Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹1326.76

NAV as on 24 Jun 2025

5.09%/per year

Since Inception

Absolute Gain%

34 people have invested ₹ 24.6L in Mirae Asset Overnight Fund Direct Growth in the last three months

Fund Performance

as on (24-Jun-25)

Period
This Fund
Overnight Index
1 Month
0.46%
-
3 Months
1.46%
-
6 Months
3.06%
-
1 Year
6.43%
-
3 Years
6.46%
-
5 Years
5.2%
-

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mirae Asset Overnight Fund
2/15
1,371Cr
0.07%
6.43%
6.46%
5.09%
Axis Overnight Fund Direct Growth
1/15
8,726Cr
0.06%
6.47%
6.48%
5.11%
LIC MF Overnight Fund Direct Growth
3/15
834Cr
0.07%
6.43%
6.44%
5.07%
Tata Overnight Fund Direct Growth
4/15
3,194Cr
0.05%
6.47%
6.46%
5.11%

Mirae Asset Overnight Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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Total Investment

0

Profit


Total Corpus

0

Absolute Return

Mirae Asset Overnight Fund Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Debt & Cash 100%

AAA
100%

Mirae Asset Overnight Fund Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Debt & Cash 100%

Cash Equivalent
100%

Top Sector in May was Government

Apr'25

Government

Mirae Asset Overnight Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.07%
Benchmark
Nifty 1D Rate TR INR
AUM₹1371 Cr
Inception Date15 October, 2019
Min Lumpsum/SIP₹5000/₹99
Exit Load0%
Lock InNo Lock-in
TurnOver
15269.71%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

About Mirae Asset Overnight Fund

Mirae Asset Overnight Fund Direct Growth is a debt fund. This fund was started on 15 October, 2019. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.

Key Parameters

  1. Mirae Asset Overnight Fund Direct Growth has ₹1371 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.1.

Returns

Mirae Asset Overnight Fund Direct Growth has given a CAGR return of 5.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.43%, 6.46% and 5.20% respectively.

Holdings

Mirae Asset Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 182 DTB 19062025, 91 Days Tbill Red 19-06-2025, 91 Days Treasury Bill 26-Jun-2025, 182 DTB 10072025

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Mirae Asset Overnight Fund Direct Growth

The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Overnight Fund Direct Growth has no lock in period.

Fund Manager

Amit Modani

Fund Manager of Mirae Asset Overnight Fund Direct Growth, since 5 February 2025

Learn more about Mirae Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 1K Cr
₹ 864.4 Cr
₹ 1K Cr
  • AUM of the fund stands at 1K Cr as of May'25
  • AUM increased by 145.3 Cr between May'25 and Apr'25

Frequently Asked Questions for Mirae Asset Overnight Fund Direct Growth

How do I invest in Mirae Asset Overnight Fund?

INDmoney makes it simple to invest in the Mirae Asset Overnight Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Overnight Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mirae Asset Overnight Fund?

The NAV of the fund today is ₹1326.76. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mirae Asset Overnight Fund fund has generated a return of 6.43% in 1 year, 6.46% in 3 years, 5.20% in 5 years.

Who is the fund manager of Mirae Asset Overnight Fund?

The fund managers are Amit Modani.

What is the exit load of the fund?

The exit load is . Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.07%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1371 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mirae Asset Overnight Fund?

The top 3 holdings of the fund are 182 DTB 19062025(1.09%), 91 Days Tbill Red 19-06-2025(0.73%), 91 Days Treasury Bill 26-Jun-2025(0.73%)