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

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

Debt
Direct
Overnight

NAV: ₹ 1000.7 as on 02-10-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
This Fund
0.4%
1.3%
2.3%
4.1%
Benchmark
-
-
-
-
About the Fund

Mirae Asset Overnight Fund Direct Weekly Reinvestment of Income Distribution cum capital wdrl is a debt fund. This fund was started on  6 January, 2020. The fund is managed by Abhishek Iyer. This fund is suitable to keep your money safe.

Key parameters

1) Mirae Asset Overnight Fund Direct Weekly Reinvestment of Income Distribution cum capital wdrl has a NAV of 1000.6571 as on 02-10-2022.

2) Mirae Asset Overnight Fund Direct Weekly Reinvestment of Income Distribution cum capital wdrl has 416 Cr worth of assets under management (AUM) as on 31-08-2022 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
₹416 Cr
Inception Date
Inception Date
6 January, 2020
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

  • Debt & Cash 100%

Sector Allocation

Aug'22

Jul'22

Jun'22

Cash Equivalent

100%

Top Holdings

  • All
  • Debt & Cash
Total Holdings2
Debt Holdings2
Holdings
Weight%
Holdings Trend
1M Change
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Reverse Repo
98.79%
0%
icon
182 Dtb 29092022
1.2%
0%

What changed

in last one month
  • Scheme
AUM increased by 3.5 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 416.3 Cr
Jul'22
₹ 412.8 Cr
Jun'22
₹ 485.5 Cr

Fund Returns vs Benchmark

Aug'22
0.41%
0.36%
Jul'22
0.41%
0.36%
Jun'22
0.37%
0.35%
Fund Return
Benchmark Return

Fund Manager

Abhishek Iyer

Abhishek Iyer

Managing this fund since 28 December 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Cash Management Fund Direct Plan Growth
4.12%
3.19%
Mirae Asset Overnight Fund Direct Growth
0%
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AMC details

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
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

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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 3.48% since inception which is more than its category average return of 2.9%
AUM size ₹416 Cr

AUM size ₹416 Cr

This fund has AUM of ₹416 Cr which is less than its category average of ₹ 3570 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 Weekly Reinvestment of Income Distribution cum capital wdrl is 1000.33.
Existing (Absolute + CAGR)
Mirae Asset Overnight Fund Direct Weekly Reinvestment of Income Distribution cum capital wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.44%
0.44%
6 Month Returns
2.31%
2.31%
1 Year Returns
4.05%
4.05%
3 Years Returns
0%
0%
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 September 2022
416 Cr as on September 2022
Abhishek Iyer is the fund manager of Mirae Asset Overnight Fund Direct Weekly Reinvestment of Income Distribution cum capital wdrl
The Exit load of Mirae Asset Overnight Fund Direct Weekly Reinvestment of Income Distribution cum capital wdrl is 0%