|Min SIP Amount||Not Supported|
|NAV||₹1044.34 (09 Aug 2020)|
|Fund Started||23 Jul 2019|
|Fund Size||₹252 Cr|
Mahindra Manulife Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 23 Jul 2019. Rahul Pal is the Current Fund Manager of Mahindra Manulife Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹252 Cr and the Latest NAV as of 09 Aug 2020 is ₹1044.34.
The Mahindra Manulife Overnight Fund Direct Growth is rated Low risk. Minimum Lumpsum Investment is 1000.
The scheme seeks 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 including TREPS (Tri-Party Repo) and Reverse Repo.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.