Home>Mutual Funds>Mirae Asset Mutual Fund>Mirae Asset Overnight Fund Direct Growth
shareSHARE

Mirae Asset Overnight Fund Direct Growth+0.01%

3.44%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

Mirae Asset Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹1000
Expense Ratio0.11%
NAV₹1048.34 (24 Jan 2021)
Fund Started14 Oct 2019
Fund Size258 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.4%
-
-
3.7%
Category Average
3.2%
4.8%
5.3%
-
Rank Within Category
4
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Would have become
0
with 3.4% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.11%
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

Fund Managers

Mahendra Kumar Jajoo
keyboard_arrow_down

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

Compare Funds

Mirae Asset Overnight Fund Direct Growth
VS
search

About Mirae Asset Mutual Fund

Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Similar Funds