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

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

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Debt
Direct
Overnight
NAV: ₹ 1003.49 as on 14-04-2024
Fund Performance

About the Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl

Mirae Asset Overnight Fund Direct Monthly Reinvestment 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 Reinvestment of Income Distribution cum capital wdrl has ₹1637 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.

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

Expense ratio
Expense ratio
0.04%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1637 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 Reinvestment of Income Distribution cum capital wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Mar'24

Feb'24

Jan'24

Cash Equivalent
100%

Top Holdings of Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl as on (31-Mar-24)

  • Debt & Cash

Debt Holdings3
Holdings
Weight%
1M Change
Reliance Industries Limited
Reliance Industries Limited
6.11%
0%
Grasim Industries Ltd.
Grasim Industries Ltd.
3.05%
0%
182 DTB 04042024
182 DTB 04042024
0.61%
0%

Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 1.6K Cr
₹ 1.4K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.6K Cr as of Mar'24
  • AUM increased by 264.6 Cr between Mar'24 and Feb'24

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

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

Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl 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 4.61% since inception which is more than its category average return of 3.65%
AUM size ₹1637 Cr

AUM size ₹1637 Cr

This fund has AUM of ₹1637 Cr which is less than its category average of ₹ 2857 Cr
Expense Ratio 0.04%

Expense Ratio 0.04%

This fund has an expense ratio of 0.04% 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 Reinvestment of Income Distribution cum capital wdrl is ₹1003.49 as on 14-Apr-2024.
Existing (Absolute + CAGR) as on 14-Apr-2024.
Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.57%
0.57%
6 Month Returns
3.4%
3.4%
1 Year Returns
6.84%
6.84%
3 Years Returns
16.6%
5.25%
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.
0.04% as on March 2024
₹1637 Cr as on March 2024
Yield to Maturity is 6.68 as on March 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.
AAA
100
Abhishek Iyer is the fund manager of Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl
The Exit load of Mirae Asset Overnight Fund Direct Monthly Reinvestment of Income Distribution cum capital wdrl is 0%