Fund Details
Mirae Asset Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.11% |
| NAV | ₹1048.34 (24 Jan 2021) |
|---|---|
| Fund Started | 14 Oct 2019 |
| Fund Size | ₹258 Cr |
Returns
Comparison
1. Lower expense ratio - 0.11%
2. Exit load is zero
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
Fund Managers
Mirae Asset Overnight Fund Direct Growth Details
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 ₹258 Cr and the Latest NAV as of 24 Jan 2021 is ₹1048.34.
The Mirae Asset Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
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.
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.
