Mahindra Manulife Overnight Fund Direct Growth+0.01%

4
4.17%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

Mahindra Manulife Overnight Fund Direct Growth

RiskLow
Min SIP AmountNot Supported
Expense Ratio0.08%
NAV1044.34 (09 Aug 2020)
Fund Started23 Jul 2019
Fund Size252 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Mahindra Manulife Overnight Fund Direct Growth
4.2%
NA
NA
4.2%
Category Average
4.5%
5.4%
5.8%
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 4.2% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.1%
    2. Exit load is zero
    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
    3. Risk-adjusted returns are lower compared to the category

    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 ₹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.

    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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