MIRAE ASSET OVERNIGHT FUND

(Overnight Fund - An open ended debt scheme investing in overnight securities)

Details as on February 28, 2021

Type of Scheme
Overnight Fund -An open ended debt scheme investing in overnight securities
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 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 February 28, 2021
370.35
Net AUM (₹ Cr.)
271.94
Monthly Avg. Expense Ratio
(Including Statutory Levies)
as on February 28, 2021
Regular Plan: 0.21%
Direct Plan: 0.11%
**For experience of Fund Managers Click Here

NAV: Direct Regular
Growth ₹ 1,051.4037 ₹ 1,049.9376
Dividend ₹ 1,000.3322 ₹ 1,000.3222

Weighted Average Maturity 
2.99 Days
Modified Duration 
0.01 Years
Macaulay Duration
0.01 Years
Yield to Maturity 
3.24%

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Portfolio Holdings % Allocation
Cash & Other Receivables
Net Receivalbes/(Payables) 99.63%
Cash & Other Receivables Total 0.37%
Total 100.00%

Dividend (₹) Per Unit
Record Date Dividend (₹) Face Value (₹) Cum Nav (₹)
24-Nov-20
2.2169
2.2169
1,002.2180
24-Dec-20
2.4035
2.4035
1,002.4046
25-Jan-21
2.6452
2.6452
1,002.6464
24-Feb-21
2.3794
2.3794
1,002.3794

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

Growth of Rs. 10,000 invested at inception: 10,499

Returns (%)
7 D 15 D 30 D 1 Yr SI
MAONF
2.88
2.76
2.92
3.13
3.61
Scheme Benchmark*
3.04
2.84
3.01
3.12
3.61
Additional Benchmark**
4.89
5.81
4.47
5.46
5.56
NAV as on 28th Febraury, 2021 1,049.9376
Index Value (28th Febraury, 2021) Index Value of benchmark is 2,772.12 and CRISIL 1 Year T-Bill is 6,079.84.
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
. Degree of risk - LOW

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


Past Performance may or may not be sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes