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

Mirae Asset Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital wdrl is a hybrid fund. This fund was started on 29 October, 2019. The fund is managed by Krishnpal Yadav. This fund gives you the benefit of diversification.

1. Mirae Asset Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital wdrl has ₹2042 Cr worth of assets under management (AUM) as on Oct 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Mirae Asset Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital wdrl has given a CAGR return of 4.66% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.51%, 5.86% and 4.95% respectively.

Mirae Asset Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital wdrl has allocated its funds majorly in Cash Equivalent, Government.

As it is a overnight mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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 for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Overnight Fund Direct Daily Reinvestment of Income Distribution cum capital wdrl has no lock in period.