Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl

Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl

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Debt
Direct
Overnight
NAV: ₹ 1000.55 as on 27-05-2024

About the Fund

Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl is a debt fund. This fund was started on 26 November, 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 Monthly Payout of Income Distribution cum capital wdrl has ₹929 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.
Fund Performance

Overview

Expense ratio
Expense ratio
0.05%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹929 Cr
Inception Date
Inception Date
26 November, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
315.65%

Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Cash Equivalent
97.7%
Government
2.3%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 865.4 Cr
₹ 593.9 Cr
₹ 1.4K Cr
  • AUM of the fund stands at 865.4 Cr as of Apr'24
  • AUM increased by 271.4 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Abhishek Iyer
Abhishek Iyer
Fund Manager of Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl, since 28 December 2020

Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl 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 4.42% since inception which is more than its category average return of 3.65%
AUM size ₹929 Cr

AUM size ₹929 Cr

This fund has AUM of ₹929 Cr which is less than its category average of ₹ 2753 Cr
Expense Ratio 0.05%

Expense Ratio 0.05%

This fund has an expense ratio of 0.05% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl is ₹1000.55 as on 27-May-2024.
Existing (Absolute + CAGR) as on 27-May-2024.
Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
2.26%
2.26%
1 Year Returns
5.71%
5.71%
3 Years Returns
15.81%
5.02%
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.
0.05% as on April 2024
₹929 Cr as on April 2024
Yield to Maturity is 6.68 as on April 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 April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Abhishek Iyer is the fund manager of Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl
The Exit load of Mirae Asset Overnight Fund Direct Monthly Payout of Income Distribution cum capital wdrl is 0%