MyWealthGrowth.com logo
HomeMutual Funds

Mirae Asset Overnight Fund

Mirae Asset Overnight Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

4.45

as on 24 Sep 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,396 today.

Invest Now

NAV Performance

Mirae Asset Overnight Fund performance graph for last 3 years
Performance of Mirae Asset Overnight Fund for last 3 Years

Fund Information

  • ₹ 1,181.472

    as on 24 Sep 2023
  • Regular - Growth

  • -

  • ₹ 5,000

  • ₹ 403 Cr.

    as on 31 May 2023
  • 0.21%

  • 15 Oct 2019

  • Debt - Overnight Fund

  • CRISIL 10 Year Gilt Index

  • Mirae Mutual Fund

    Show All Funds

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

  • About Abhishek Iyer

    Picture of Abhishek IyerMr. 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

Portfolio holdings pattern of Mirae Asset Overnight Fund as on 24 Sep 2023 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    0.93%
  • Others Holdings:

    99.07%

Top Debt Instrument Type holdings of Mirae Asset Overnight Fund

Instrument TypeHolding PercentageHolding Values in Crore
T-Bills 0.93% ₹ 4.99 Cr.
Others 99.07% -

Top Debt Holdings of Mirae Asset Overnight Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - T-Bill 0.93% ₹ 4.99 Cr.
Others 99.07%

Other Holdings

Holding TypeHolding Percentage
Reverse Repo 69.73%
TREPS 29.48%
Net Receivables -0.14%