Mahindra Manulife Overnight Fund

Q: What are the returns of this mutual fund scheme?

The Mahindra Manulife Overnight Fund is a 6 yrs 3 m old fund and has delivered average annual returns of 4.96% since inception. Mahindra Manulife Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 5.92% 6.34% 5.23% 4.96%

NAV as of Oct 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1354.1655+0.01% 1 day change	4.96% p.a.	App exclusive #NA View Ranked Funds	₹35 Cr

Historical NAV & returns

NAV: ₹1354.1655 as on Oct 21, 2025

This fund Category average

Mahindra Manulife Overnight Fund overview

AUM (Fund size)	₹35 Cr
Exit load	0%
Lock-in Period	Nil
Age	6 yrs 3 m since Jul 22, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.19% as on Sep 30, 2025
Plan type	Regular
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 Oct 17, 2025

Period	This fund	Category average
1 Month	0.41%	0.41%
3 Months	1.31%	1.31%
6 Months	2.67%	2.67%
1 Year	5.92%	5.92%
2 Years	6.29%	6.3%
3 Years	6.34%	6.35%
4 Years	5.78%	5.79%
5 Years	5.23%	5.24%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 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 68.26%

SOV 31.74%

Top Debt Holdings

Reserve Bank of India 31.74%

Allocation by Instruments

Reverse Repo 68.15%

Treasury Bills 31.74%

Repo 0.07%

Net Receivables 0.04%

Other Holdings

Others 68.15%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Overnight Fund	0.41%	2.67%	5.92%	6.34%	5.23%	N.A.
Mirae Asset Overnight Fund	0.41%	2.69%	5.94%	6.37%	5.26%	2.99%
PGIM India Overnight Fund	0.4%	2.66%	5.94%	6.36%	5.26%	3.06%
Edelweiss Overnight Fund	0.41%	2.66%	5.9%	6.34%	5.22%	3.1%
UTI Overnight Fund	0.41%	2.69%	5.97%	6.39%	5.26%	5.56%
SBI Overnight Fund	0.41%	2.68%	5.92%	6.33%	5.21%	5.44%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Overnight Fund	0.13	0.1	-0.98	-1.33
Mirae Asset Overnight Fund	0.13	0.1	-0.69	-0.93
PGIM India Overnight Fund	0.14	0.12	-0.76	-0.98
Edelweiss Overnight Fund	0.13	0.1	-0.97	-1.26
UTI Overnight Fund	0.13	0.1	-0.58	-0.74
SBI Overnight Fund	0.13	0.1	-1.06	-1.39

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Overnight Fund	N.A.	35 Cr	6 yrs 3 m	0.19%
Mirae Asset Overnight Fund	N.A.	1,433 Cr	6 yrs	0.15%
PGIM India Overnight Fund	N.A.	114 Cr	6 yrs 2 m	0.17%
Edelweiss Overnight Fund	N.A.	220 Cr	6 yrs 3 m	0.16%
UTI Overnight Fund	N.A.	6,559 Cr	21 yrs 11 m	0.11%
SBI Overnight Fund	N.A.	27,820 Cr	23 yrs 1 m	0.14%

View all Overnight funds

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

Alpha	0.05 vs. 1.18 Underperformed at beating benchmark
Sharpe	-0.98 vs. 1.45 Poor risk-adjusted returns
Beta	0.1 vs. -0.42 More sensitive to market's ups & downs
Standard deviation	0.13 vs. 0.09 More volatile performance

Compare Mahindra Manulife Overnight Fund in detail with

About this fund

About Mahindra Manulife Overnight Fund

Mahindra Manulife Overnight Fund is a Overnight mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 6 yrs 3 m, having been launched on 22/07/2019. Mahindra Manulife Overnight Fund has ₹35 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Overnight Fund as of 21/10/2025 is ₹1354.17. The fund has an expense ratio of 0.19%, which is higher than what most other Overnight funds charge.

Mahindra Manulife Overnight Fund returns of last 1-year are 5.96%. Since launch, it has delivered 4.97% average annual returns.
Mahindra Manulife Overnight Fund 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	35 Cr as on Sep 30, 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	25 view all schemes
Total AUM	31,673 Cr as on Sep 30, 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	1Y	3Y
Mahindra Manulife Short Duration Fund	N.A.	71 Cr	7.58%	7.25%
Mahindra Manulife Dynamic Bond Fund	N.A.	97 Cr	6.7%	7.16%
Mahindra Manulife Ultra Short Duration Fund	N.A.	208 Cr	7.0%	7.05%
Mahindra Manulife Liquid Fund	N.A.	1,013 Cr	6.68%	7.0%
Mahindra Manulife Low Duration Fund	N.A.	577 Cr	7.16%	6.99%

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 plan is approximately ₹1354.1655 as of Oct 21, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Overnight Fund is a 6 yrs 3 m old fund and has delivered average annual returns of 4.96% since inception.

Mahindra Manulife Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
5.92%	6.34%	5.23%	4.96%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Overnight Fund has an expense ratio of 0.19%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 35 Cr as on Sep 30, 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	31.74%

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	68.26%
SOV	31.74%

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 can I redeem my investments in Mahindra Manulife Overnight Fund?

Redeeming your investments in the Mahindra Manulife Overnight Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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

ET Money rank

App exclusive

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.