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NAV as of Apr 23, 2025 | Returns since inception | ET Money Rank | VRO Ratings |
---|---|---|---|
₹1314.2571+0.02% 1 day change | 5.07% p.a. | 4 |
VRO rating | 4 |
Expense ratio | 0.07% as on Mar 31, 2025 |
Exit load | 0% |
AUM (Fund size) | ₹391 Crs |
Lock-in | No Lockin |
Age | 5 yrs 6 m since Oct 15, 2019 |
Benchmark | NIFTY 1D Rate Index |
Min. investment | SIP ₹1000 & Lump. ₹5000 |
Risk | Low |
Tax on your gains | Profits are added to your income and taxed as per your slab rate |
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 | 6.59% | 6.57% |
3 years | 6.37% | 6.34% |
5 years | 5.11% | 5.07% |
Large Cap 0.0%
Mid Cap 0.0%
Small Cap 0.0%
Other Cap 0.0%
Bifurcation by Holding is not available for this fund
Bifurcation by Sector is not available for this fund
Cash & Call Money 92.34310334%
SOV 7.65689663%
Reserve Bank of India 7.66%
Reverse Repo 63.75663652%
Repo 27.54827061%
Treasury Bills 7.65689663%
Net Receivables 1.03819621%
Others 63.76%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
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 |
---|---|---|---|---|---|---|
Mirae Asset Overnight Fund | 0.5% | 3.2% | 6.59% | 6.37% | 5.11% | N.A. |
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 |
---|---|---|---|---|
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 |
Alpha | 0.94 vs. 1.53 Underperformed at beating benchmark |
Sharpe | -0.04 vs. 1.42 Poor risk-adjusted returns |
Beta | 0.45 vs. 0.09 More sensitive to market's ups & downs |
Standard deviation | 0.24 vs. 0.15 More volatile performance |
Fund AUM | ₹391 Crs as on Mar 31, 2025 |
Scheme document | View Scheme Document |
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.
No. of schemes | 43 view all schemes |
Total AUM | ₹1,90,637 Crs as on Mar 31, 2025 |
Address | Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098 |
Phone | 022-67800301 / 1800-2090-777 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 3Y |
---|---|---|---|---|
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund | N.A. | ₹237 Crs | 12.66% | N.A. |
Mirae Asset Short Duration Fund | N.A. | ₹347 Crs | 10.08% | 7.57% |
Mirae Asset Nifty SDL Jun 2027 Index Fund | N.A. | ₹758 Crs | 9.44% | 7.35% |
Mirae Asset Corporate Bond Fund | N.A. | ₹41 Crs | 10.15% | 7.28% |
Mirae Asset Banking and PSU Fund | N.A. | ₹47 Crs | 9.98% | 7.25% |
Mirae Asset Low Duration Fund | N.A. | ₹1,415 Crs | 8.47% | 7.22% |
The current Net Asset Value (NAV) of the Mirae Asset Overnight Fund - Direct Growth plan is approximately ₹1314.2571 as of Apr 23, 2025.
The Mirae Asset Overnight Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 5.07% since inception.
1-Year | 3-Year | 5-Year | Since Inception |
---|---|---|---|
6.59% | 6.37% | 5.11% | 5.07% |
The Mirae Asset Overnight Fund - Direct Growth has an expense ratio of 0.07%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.
The Mirae Asset Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹391 Crs crore as of Mar 31, 2025.
The top 3 debt holdings of Mirae Asset Overnight Fund are as follows
Holding Name | Percentage of Portfolio |
Reserve Bank of India | 7.66% |
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Mirae Asset Overnight Fund allocation by credit quality is given below
Credit Quality | Percentage of Portfolio |
Cash & Call Money | 92.34310334% |
SOV | 7.65689663% |
This is a Overnight fund comes with Low risk.
No, this fund does not have any lock-in period.
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:
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All set! Your investment in Mirae Asset Overnight Fund is complete.
Redeeming your investments in Mirae Asset 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 Mirae Asset Overnight Fund from anywhere else, you can go to the fund house website and put a request through it.