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Mahindra Manulife Overnight Fund Direct Growth+0.01%

3.10%
1 Year Return
Debt
Overnight
3.0star
6M
1Y
All

Fund Details

Mahindra Manulife Overnight Fund Direct Growth

RiskLow
Min SIP AmountNot Supported
Expense Ratio0.12%
NAV₹1068.22 (06 May 2021)
Fund Started23 Jul 2019
Fund Size49 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.1%
-
-
3.8%
Category Average
3.0%
4.5%
5.1%
-
Rank Within Category
6
-
-
-
*All returns are annualized.
ONE TIME
Minimum SIP amount0
Amount Per Month₹5,000
Would have become
0
with 3.1% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.12%
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years

Fund Managers

Rahul Pal
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Mahindra Manulife Overnight Fund Direct Growth Details

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 ₹49 Cr and the Latest NAV as of 06 May 2021 is ₹1068.22.

The Mahindra Manulife Overnight Fund Direct Growth is rated Low risk. Minimum Lumpsum Investment is 1000.

Investment Objective

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.

Tax Implications

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

Scheme Information Document(SID)

₹1000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Mahindra Mutual Fund

Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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