Mahindra Manulife Overnight Fund Direct - Growth

Q: What are the returns of Mahindra Manulife Overnight Fund?

The Mahindra Manulife Overnight Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 5.03% since inception. Mahindra Manulife Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.58% 6.35% 5.09% 5.03%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1326.6059+0.02% 1 day change	5.03% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹1326.6059 as on Apr 23, 2025

This fund Category average

Mahindra Manulife Overnight Fund overview

VRO rating	3
Expense ratio	0.09% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹76 Crs
Lock-in	No Lockin
Age	5 yrs 9 m since Jul 22, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	Lump. ₹1000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mahindra Manulife Overnight Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 08, 2025

Period	This fund	Category average
1 month	0.5%	0.5%
3 months	1.53%	1.52%
6 months	3.2%	3.19%
1 year	6.58%	6.57%
3 years	6.35%	6.34%
5 years	5.09%	5.07%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Cash & Call Money 84.33%

SOV 15.67%

Top Debt Holdings

Reserve Bank of India 15.67%

Allocation by Instruments

Reverse Repo 84.39%

Treasury Bills 15.670000000000002%

Repo 0.1%

Other Holdings

Others 84.39%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mahindra Manulife Overnight Fund	N.A.	₹76 Crs	5 yrs 9 m	0.09%
Mirae Asset Overnight Fund	N.A.	₹391 Crs	5 yrs 6 m	0.07%
HSBC Overnight Fund	N.A.	₹2,086 Crs	5 yrs 11 m	0.06%
PGIM India Overnight Fund	N.A.	₹29 Crs	5 yrs 8 m	0.1%
Edelweiss Overnight Fund	N.A.	₹566 Crs	5 yrs 9 m	0.11%
Bank of India Overnight Fund	N.A.	₹41 Crs	5 yrs 2 m	0.09%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Overnight Fund	0.5%	3.2%	6.58%	6.35%	5.09%	N.A.
Mirae Asset Overnight Fund	0.5%	3.2%	6.59%	6.37%	5.11%	2.77%
HSBC Overnight Fund	0.5%	3.2%	6.59%	6.36%	5.1%	2.98%
PGIM India Overnight Fund	0.51%	3.2%	6.6%	6.34%	5.09%	2.83%
Edelweiss Overnight Fund	0.5%	3.17%	6.5%	6.29%	5.04%	2.86%
Bank of India Overnight Fund	0.51%	3.24%	6.67%	6.43%	5.17%	2.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Overnight Fund	0.23	0.45	-0.13	-0.13
Mirae Asset Overnight Fund	0.24	0.45	-0.04	-0.04
HSBC Overnight Fund	0.24	0.46	-0.11	-0.11
PGIM India Overnight Fund	0.23	0.46	-0.17	-0.16
Edelweiss Overnight Fund	0.24	0.46	-0.37	-0.35
Bank of India Overnight Fund	0.23	0.45	0.2	0.21

View all Overnight funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.91 vs. 1.53 Underperformed at beating benchmark
Sharpe	-0.13 vs. 1.42 Poor risk-adjusted returns
Beta	0.45 vs. 0.09 More sensitive to market's ups & downs
Standard deviation	0.23 vs. 0.15 More volatile performance

Compare Mahindra Manulife Overnight Fund in detail with

About this fund

About Mahindra Manulife Overnight Fund

Mahindra Manulife Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 5 yrs 9 m, having been launched on 22/07/2019. Mahindra Manulife Overnight Fund Direct - Growth has ₹76 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Overnight Fund Direct - Growth as of 23/04/2025 is ₹1326.61. The fund has an expense ratio of 0.09%, which is close to what most other Overnight funds charge.

Mahindra Manulife Overnight Fund Direct - Growth returns of last 1-year are 6.60%. Since launch, it has delivered 5.03% average annual returns.
Mahindra Manulife Overnight Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is low indicating it has lent to borrowers whose quality is not too great. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in Reserve Bank of India.

...

Fund AUM	₹76 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Pal

Mr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Amit Garg

Mr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Investment objective

The scheme seeks 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.

Mahindra Manulife Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	₹27,256 Crs as on Mar 31, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Mahindra Manulife Dynamic Bond Fund	N.A.	₹78 Crs	11.74%	8.02%
Mahindra Manulife Short Duration Fund	N.A.	₹75 Crs	9.97%	7.63%
Mahindra Manulife Low Duration Fund	N.A.	₹557 Crs	8.43%	7.29%
Mahindra Manulife Ultra Short Duration Fund	N.A.	₹217 Crs	7.9%	7.1%
Mahindra Manulife Liquid Fund	N.A.	₹1,026 Crs	7.38%	6.94%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mahindra Manulife Overnight Fund?

The current Net Asset Value (NAV) of the Mahindra Manulife Overnight Fund - Direct Growth plan is approximately ₹1326.6059 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Overnight Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 5.03% since inception.

Mahindra Manulife Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.58%	6.35%	5.09%	5.03%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Overnight Fund - Direct Growth has an expense ratio of 0.09%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mahindra Manulife Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹76 Crs crore as of Mar 31, 2025.

To whom does Mahindra Manulife Overnight Fund lend to?

The top 3 debt holdings of Mahindra Manulife Overnight Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	15.67%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mahindra Manulife Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	84.33%
SOV	15.67%

What is risk level of Mahindra Manulife Overnight Fund?

This is a Overnight fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mahindra Manulife Overnight Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mahindra Manulife Overnight Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mahindra Manulife Overnight Fund is complete.

How can I redeem my investments in Mahindra Manulife Overnight Fund?

Redeeming your investments in Mahindra Manulife Overnight Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mahindra Manulife Overnight Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Overnight

#NA

Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.