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Mirae Asset Overnight Fund lets your money work hard, while you sleep & aims to deliver potential returns in a short period of time. Sometimes, even as soon as one day.

High Liquidity (T+1 Redemptions with no exit load)
No Mark to Market Risk
An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.
Ms. Pranavi Kulkarni
15th October, 2019
NIFTY 1D Rate Index
₹ 5000/- and in multiples of ₹ 1/- thereafter
Growth Option and IDCW (Payout / Reinvestment)
Regular Plan and Direct Plan
Click here to view
Click here to view the latest TER.
1 day to 1 week
Low
Savings
For Historic NAV Click here
| Record date | Div. Ind (₹) | Div. Corp (₹) | Cum Nav (₹) |
| 25-Oct-2022 | 4.6484 | 4.6484 | 1,004.6485 |
| 24-Nov-2022 | 4.7186 | 4.7186 | 1,004.7186 |
| 26-Dec-2022 | 5.2436 | 5.2436 | 1,005.2436 |
| 24-Jan-2023 | 4.8097 | 4.8097 | 1,004.8097 |
For Historic Dividend Click here
Mirae Asset Overnight Fund invests in securities with a maturity of 1 business day. And hence it seeks to offer low risk and high liquidity with a decent returns potential.
| Where Can you Invest: | |
|---|---|
| Tri Party Repos | CDs / CPs |
| T-bills | Repo/ Reverse Repo |
| Floating and MIBOR Linked instruments$ | |
Mirae Asset Debt Investment Process and Philosophy

Product Labelling for Mirae Asset Overnight Fund. The fund is suitable for investors who are seeking regular income over a short term that may be in line with the overnight call rates, through investment in overnight securities. Investors should consult their financial advisors if they are not clear about the suitability of the product. The Scheme Riskometer shows that the risk of the scheme is Low to Moderate. The riskometer is a semicircular gauge divided into six color-coded zones: Low Risk (dark green), Low to Moderate Risk (light green), Moderate Risk (yellow), Moderately High Risk (brown), High Risk (orange) and Very High Risk (red). The needle of the scheme riskometer points to the Low to Moderate Risk zone. The Scheme Benchmark, as per the AMFI Tier 1 Benchmark, is the NIFTY 1D Rate Index. The Benchmark Riskometer has its needle pointing to the Low Risk zone, which shows that the risk of the benchmark is Low.
Potential Risk Class Matrix (PRC)
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If Inflation rate is selected then
futureValue = Future value considering the inflation rate
else
Calculate on current value.
SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12))));
Annual Return = (Last NAV of the year - Last NAV of the previous year) / Last NAV of the previous year
For more details, please visit the AMFI website
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