Mahindra Manulife Overnight Fund
Get the latest NAV of Mahindra Manulife Overnight Fund. 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.
₹1393.19
NAV as on 26 Mar 2026
5.09%/per year
Since Inception
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2 people have invested ₹ 76.4K in Mahindra Manulife Overnight Fund in the last three months
Mahindra Manulife Overnight Fund Performance vs. Overnight Index
Fund returns vs Benchmark returns vs Category Average returns as on (26-Mar-26)
The fund has consistently outperformed the benchmark (Overnight Index) over the last 1Y, 3Y, 5Y time periods.
Peer comparison
Mahindra Manulife Overnight Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
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Profit
Total Corpus
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Mahindra Manulife Overnight Fund Asset Allocation
See fund asset allocation details as on (14-Mar-26)
Fund Distribution
as on (14-Mar-26)
Mahindra Manulife Overnight Fund Sector Allocation
See fund sector allocation details as on (14-Mar-26)
Sector Allocation
Mahindra Manulife Overnight Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.09% |
Benchmark | CRISIL Liquid Overnight TR INR |
| AUM | ₹214 Cr |
| Inception Date | 24 July, 2019 |
| Min Lumpsum/SIP | ₹1,000/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 82.44% |
| Risk |   Low Risk |
About Mahindra Manulife Overnight Fund
Mahindra Manulife Overnight Fund is a debt fund. This fund was started on 24 July, 2019. The fund is managed by Amit Garg, Rahul Pal. This fund is suitable to keep your money safe.
Key Parameters
- Mahindra Manulife Overnight Fund has ₹214 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Mahindra Manulife Overnight Fund 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 5.52%, 6.31% and 5.53% respectively.
Holdings
Mahindra Manulife Overnight Fund has allocated its funds majorly in Cash Equivalent. Its top holdings are 10/04/2026 Maturing 364 DTB, 27/03/2026 Maturing 91 DTB, 7.27% Gs 2026
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 Mahindra Manulife Overnight Fund
The primary objective of the Scheme is to seek 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 including TREPS (Tri-Party Repo) and Reverse Repo. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 0.00. Mahindra Manulife Overnight Fund has no lock in period.
Fund Manager
Amit Garg
Fund Manager of Mahindra Manulife Overnight Fund, since 8 June 2020
Rahul Pal
Fund Manager of Mahindra Manulife Overnight Fund, since 24 July 2019
- AUM of the fund stands at 213.7 Cr as of Feb'26
- AUM increased by 77.1 Cr between Feb'26 and Jan'26
Frequently Asked Questions for Mahindra Manulife Overnight Fund
How do I invest in Mahindra Manulife Overnight Fund?
- Download the INDmoney app.
- Search for ‘Mahindra Manulife 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.