Historical NAV & Returns
About Mirae Asset Overnight Fund Direct Growth
Mirae Asset Overnight Fund Direct Growth is a debt fund. This fund was started on 15 October, 2019. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Overnight Fund Direct Growth has ₹1049 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Mirae Asset Overnight Fund Direct Growth has given a CAGR return of 5.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.65%, 6.32% and 5.08% respectively.
Holdings
Mirae Asset Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 DTB 20032025, 182 DTB 10042025
Taxation
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Mirae Asset Overnight Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Overnight Fund Direct Growth has no lock in period.
Mirae Asset Overnight Fund Direct Growth Overview
| Expense ratio | 0.07% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹1049 Cr |
| Inception Date | 15 October, 2019 |
| Min Lumpsum/SIP | ₹5000/₹99 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 15269.71% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (30-Mar-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 825.1 Cr as of Feb'25
- AUM decreased by 118.9 Cr between Feb'25 and Jan'25
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 182 DTB 10042025 | 0.95% | 0% | |
91 DTB 20032025 | 0.95% | 0% |
Mutual Fund Insights
Mirae Asset Overnight Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹1049 Cr
Expense Ratio 0.07%
More funds from Mirae
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth
1Y CAGR
▲ 10.07
Mirae Asset Short Duration Direct Growth
5Y CAGR
▲ 6.63
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth
1Y CAGR
▲ 8.80
Mirae Asset Corporate Bond Fund Direct Growth
3Y CAGR
▲ 6.64
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
1Y CAGR
▲ 8.53
Frequently Asked Questions for Mirae Asset Overnight Fund Direct Growth
Mirae Asset Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.52% | 0.52% |
6 Month Returns | 3.22% | 3.22% |
1 Year Returns | 6.65% | 6.65% |
3 Years Returns | 20.17% | 6.32% |
5 Years Returns | 28.09% | 5.08% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |