MIRAE ASSET OVERNIGHT FUND - (MAONF)

(Overnight Fund - An open ended debt scheme investing in overnight securities)
A relatively low interest rate risk and relatively low credit risk

Details as on December 31, 2021

Type of Scheme
Overnight Fund -An open ended debt scheme investing in overnight securities
A relatively low interest rate risk and relatively low credit risk
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.
Fund Manager**
Mr. Abhishek Iyer
(since December 28, 2020)
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 in case of Monthly or 3 in case of Quarterly option.
Load Structure Entry load: NA
Exit load: NIL
Plans Available
Regular Plan and Direct Plan
Options Available
Growth Option and IDCW^ Option (Payout & Re-investment)
Monthly Average AUM (₹ Cr.) as on December 31, 2021
529.61
Net AUM (₹ Cr.)
533.35
Monthly Avg. Expense Ratio
(Including Statutory Levies)
as on December 31, 2021
Regular Plan: 0.21%
Direct Plan: 0.12%
**For experience of Fund Managers Click Here
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021.

NAV: Direct Regular
Growth ₹ 1,080.2320 ₹ 1,077.9010
Daily IDCW ₹ 1,000.0006 ₹ 1,000.0000
Weekly IDCW ₹ 1,000.1857 ₹ 1,000.1793
Monthly IDCW ₹ 1,000.6575 ₹ 1,000.6398

Weighted Average Maturity 
3.00 Days
Modified Duration 
0.01 Years
Macaulay Duration
0.01 Years
Yield to Maturity 
3.56%

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Portfolio Holdings % Allocation
Cash & Other Receivables
TREPS / Repo Net Receivables/ (Payables) 99.99%
Cash & Other Receivables Total 0.01%
Total 100.00%

IDCW (₹) Per Unit
Record Date IDCW (₹) Face Value (₹) Cum Nav (₹)
24-Sep-21
2.5724
2.5724
1,002.5724
25-Oct-21
2.6436
2.6436
1,002.6436
24-Nov-21
2.6539
2.6539
1,002.6539
24-Dec-21
2.7233
2.7233
1,002.7233

Face value ₹ 1000/-. Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MAONF- Regular Plan - Monthly IDCW Option

Growth of Rs. 10,000 invested at inception: 10,779

Returns (in%)
7 D 15 D 30 D 1 Yr SI
MAONF
3.34
3.44
3.35
3.16
3.45
Scheme Benchmark*
3.45
3.49
3.43
3.27
3.50
Additional Benchmark**
4.06
2.76
3.02
3.49
4.80
NAV as on 31st December, 2021 1,077.9010
Index Value (31st December, 2021) Index Value of benchmark is 2,848.77 and CRISIL 1 Year T-Bill is 6,261.63
Allotment Date 15th October, 2019
Scheme Benchmark *CRISIL Overnight Index
Additional Benchmark **CRISIL 1 Year T-Bill

Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option.
2. Fund manager : Mr. Abhishek Iyer managing the scheme since December 28, 2020

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


*Investors should consult their financial advisers if they are not clear about the suitability of the product.

Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.


Past Performance may or may not be sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 1000. The performance of other funds managed by the same fund manager is given in the respective page of the schemes