Home>Mutual Funds>Mahindra Mutual Fund>Mahindra Manulife Overnight Fund Direct Growth

Mahindra Manulife Overnight Fund Direct Growth

Debt
Overnight
Low Risk
3.14%
1Y return
+0.01% 1D
1M
6M
1Y
All
NAV: 28 Jul 2021₹1,076.04
Min. SIP AmountNA
Rating3star
Fund Size₹69.94 Cr

Return calculator

One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become 0 (0.00%)

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.1%NANA3.7%
Category average3.0%4.4%4.9%NA
Rank with in category5NANANA
Understand termsinfo

Pros and cons

Category: Debt Overnight

Pros

  • Lower expense ratio - 0.11%
  • Exit load is zero
  • 1Y Returns are higher than the category average returns

Cons

  • Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
  • Age is less than 3 years

Expense ratio, exit load and tax

Expense ratio: 0.11%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand termsinfo

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIPNA

Fund management

Rahul Pal
Jul 2019 - Present
View Details
keyboard_arrow_down

Fund house & investment objective

keyboard_arrow_down

Fund house contact details

keyboard_arrow_down

Compare funds

Mahindra Manulife Overnight Fund Direct Growth
VS
Add mutual fund to compare
Loading...
ⓒ 2016-2021 Groww. All rights reserved, Built with in India