| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.10% |
| NAV | ₹1040.69 (27 Oct 2020) |
|---|---|
| Fund Started | 14 Oct 2019 |
| Fund Size | ₹248 Cr |
Mirae Asset Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 14 Oct 2019. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹248 Cr and the Latest NAV as of 27 Oct 2020 is ₹1040.69.
The Mirae Asset Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.