Fund Performance
Lumpsum
SIP
4.45
as on 24 Sep 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,396 today.
NAV Performance
Fund Information
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₹ 1,181.472
as on 24 Sep 2023 -
Regular - Growth
-
-
-
₹ 5,000
-
₹ 403 Cr.
as on 31 May 2023 -
0.21%
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15 Oct 2019
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CRISIL 10 Year Gilt Index
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Mirae Mutual Fund
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Highlights of this fund
Mirae Asset Overnight Fund is an Open-ended Debt Fund. The fund belongs to Overnight Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 15 Oct 2019. This fund is offered by one of the top AMC (Assets Management Company) Mirae Mutual Fund. You can also view here all other Debt funds offered by Mirae Mutual Fund.
Latest NAV of the fund is ₹ 1,181.472 as on 24 Sep 2023.
This fund has 3 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.21%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund Objective
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.
List of Fund Managers of Mirae Asset Overnight Fund
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About Abhishek Iyer
Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Low Risk
Fund Return Comparison
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.15% | 0.57% | 1.70% | 3.37% | 6.57% | 5.27% | 4.54% | 4.64% | 6.01% | 6.66% | 5.99% | 5.32% | 4.68% | 5.23% |
| Category Average | 0.12% | 0.53% | 1.58% | 3.12% | 6.04% | 4.87% | 4.31% | 4.51% | 5.87% | 6.49% | 5.82% | 5.17% | 4.64% | 5.15% |
| Mirae Asset Overnight Fund | 0.13%₹ 10,012 | 0.56%₹ 10,055 | 1.64%₹ 10,164 | 3.30%₹ 10,329 | 6.43%₹ 10,642 | 6.52%₹ 12,420 | 5.15%₹ 11,056 | 5.86%₹ 25,481 | 4.45%₹ 11,396 | 5.21%₹ 38,971 | - | - | - | - |
| BOI AXA Overnight Fund | 0.13%₹ 10,013 | 0.57%₹ 10,056 | 1.70%₹ 10,169 | 3.37%₹ 10,337 | 6.57%₹ 10,656 | 6.66%₹ 12,428 | 5.27%₹ 11,082 | 5.99%₹ 25,513 | 4.54%₹ 11,425 | 5.32%₹ 39,034 | - | - | - | - |
| Axis Overnight Fund | 0.15%₹ 10,014 | 0.56%₹ 10,056 | 1.64%₹ 10,163 | 3.31%₹ 10,330 | 6.44%₹ 10,644 | 6.57%₹ 12,423 | 5.17%₹ 11,061 | 5.90%₹ 25,491 | 4.47%₹ 11,401 | 5.24%₹ 38,987 | - | - | - | - |
| Canara Robeco Overnight Fund | 0.12%₹ 10,012 | 0.55%₹ 10,055 | 1.66%₹ 10,166 | 3.29%₹ 10,329 | 6.44%₹ 10,643 | 6.52%₹ 12,419 | 5.16%₹ 11,059 | 5.87%₹ 25,483 | 4.46%₹ 11,398 | 5.22%₹ 38,975 | - | - | - | - |
| Baroda Overnight Fund | 0.12%₹ 10,012 | 0.55%₹ 10,054 | 1.63%₹ 10,162 | 3.31%₹ 10,331 | 6.41%₹ 10,641 | 6.53%₹ 12,421 | 5.14%₹ 11,055 | 5.87%₹ 25,483 | 4.45%₹ 11,395 | 5.21%₹ 38,971 | - | - | - | - |
| UTI Overnight Fund | 0.13%₹ 10,013 | 0.57%₹ 10,057 | 1.64%₹ 10,163 | 3.30%₹ 10,329 | 6.43%₹ 10,643 | 6.54%₹ 12,421 | 5.15%₹ 11,057 | 5.87%₹ 25,484 | 4.44%₹ 11,392 | 5.21%₹ 38,972 | 4.64%₹ 12,549 | 4.68%₹ 67,548 | 6.01%₹ 17,935 | 5.23%₹ 1,56,906 |
Portfolio Holdings
Top Debt Instrument Type holdings of Mirae Asset Overnight Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| T-Bills | 0.93% | ₹ 4.99 Cr. |
| Others | 99.07% | - |
Top Debt Holdings of Mirae Asset Overnight Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - T-Bill | 0.93% | ₹ 4.99 Cr. |
| Others | 99.07% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| Reverse Repo | 69.73% |
| TREPS | 29.48% |
| Net Receivables | -0.14% |