MIRAE ASSET OVERNIGHT FUND $
An open ended debt scheme investing in overnight securities
| Type of Scheme | Overnight Fund -An open ended debt scheme investing in overnight securities |
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| Investment Objective | The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since 15th October 2019) Allotment Date |
15th October, 2019 Benchmark Index |
CRISIL Overnight Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 installments. Load Structure |
Entry load: NA |
Exit load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and Dividend Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on August 31, 2020 |
561.60 Net AUM (₹ Cr.) |
322.54 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on August 31, 2020 Regular Plan: 0.21% Direct Plan: 0.10% ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow.
| **For experience of Fund Managers Click Here |
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| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 1,035.5567 | ₹ 1,034.6143 |
| Dividend Option | ₹ 1,000.5844 | ₹ 1,000.5659 |
Weighted Average Maturity |
1.00 Days |
Modified Duration |
0.00 Years |
Macaulay Duration |
0.00 Years |
Yield to Maturity |
3.10% |
| Portfolio Holdings | % Allocation |
| Cash & Other Receivables | |
| Net Receivalbes/(Payables) | 99.91% |
| Cash & Other Receivables Total | 0.09% |
| Total | 100.00% |
| Dividend (₹) Per Unit | |||
| Record Date | Dividend (₹) | Face Value (₹) | Cum Nav (₹) |
24-Jul-20 |
2.4342 |
2.4342 |
1,002.4353 |
24-Aug-20 |
2.6002 |
2.6002 |
1,002.6014 |
Face value ₹ 1000/-. Past Performance may or may not be sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if any). Dividend history is for MAONF- Regular Plan - Monthly Dividend Option
This product is suitable for investors who are seeking*
. Regular income over short term that may be in line with the overnight call rates.
. Investment in overnight securities
. Degree of risk - LOW
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
$Since the scheme is in existence for less than 1 year, as per SEBI regulation performance of the scheme cannot be shown The performance of other funds managed by the same fund manager is given in the respective page of the schemes 