MIRAE ASSET OVERNIGHT FUND
(Overnight Fund - An open ended debt scheme investing in overnight securities)
A relatively low interest rate risk and relatively low credit risk
| 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 | NIFTY 1D Rate 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 / 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 June 30, 2024 | 999.6197 |
| Net AUM (₹ Cr.) | 581.62 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 0.16% Direct Plan: 0.07% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹1,247.9429 | ₹ 1,242.3133 |
| Daily IDCW | ₹ 1,000.0028 | ₹ 1,000.0030 |
| Weekly IDCW | ₹ 1,000.7381 | ₹ 1,000.7256 |
| Monthly IDCW | ₹ 1,001.0908 | ₹ 1,001.0746 |
Average Maturity |
1.66 Days |
Modified Duration |
0.00 Years |
Macaulay Duration |
0.00 Years |
Annualized Portfolio YTM* |
6.72% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Treasury Bill | |
| 91 Days Tbill (MD 19/07/2024) | 2.57% |
| 182 Days Tbill (MD 11/07/2024) | 1.72% |
| 91 Days Tbill (MD 04/07/2024) | 0.86% |
| Treasury Bill Total | 5.15% |
| TREPS / Repo | 94.88% |
| Net Receivables/(Payables) | -0.03% |
| Cash & Other Receivables Total | 94.85% |
| Grand Total | 100.00% |
| Returns (in%) | ||||||||
| 7 Days | 15 Days | 30 Days | 1 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | ||
| Mirae Asset Overnight Fund | 6.53% |
6.54% |
6.47% |
6.74% |
5.40% |
4.71% |
12,423 |
|
| Scheme Benchmark* | 6.64% |
6.66% |
6.58% |
6.83% |
5.51% |
4.79% |
12,469 |
|
| Additional Benchmark** | 7.95% |
7.93% |
7.62% |
7.15% |
5.51% |
5.39% |
12,807 |
|
| NAV as on 30th June, 2024 | ₹ 1,242.3133 |
|||||||
| Index Value (30th June, 2024) | Index Value of benchmark is 2,296.63 and CRISIL 1 Year T-Bill is 7,228.08 | |||||||
| Allotment Date | 15th October, 2019 | |||||||
| Scheme Benchmark | *NIFTY 1D Rate Index | |||||||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||||||
Fund manager : Mr. Abhishek Iyer managing the scheme since December 28, 2020
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth 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
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
^^As per notice cum addendum no. 30/2024 riskometer of the scheme has changed. Please visit the website for more details https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
| Quantum (₹ per unit) | |||
| Record Date | Individual | Corporate | NAV (₹ per unit) |
26-Mar-24 |
5.1208 |
5.1208 |
1,005.1208 |
24-Apr-24 |
5.1876 |
5.1876 |
1,005.1876 |
24-May-24 |
5.3557 | 5.3557 | 1,005.3563 |
24-Jun-24 |
5.4841 |
5.4841 |
1,005.4845 |
Face value ₹ 1000/.-
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 Mirae Asset Overnight Fund- Regular Plan - Monthly
IDCW Option