How to Invest in Mirae Asset Overnight Fund Direct Growth?

You can easily invest in Mirae Asset Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Overnight Fund Direct Growth provide?

The Mirae Asset Overnight Fund Direct Growth has been there from 15 Oct 2019 and the average annual returns provided by this fund is 5.78% since its inception.

How much expense ratio is charged by Mirae Asset Overnight Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Overnight Fund Direct Growth is 0.07% as of 18 Jan 2026...

What is the AUM of Mirae Asset Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Overnight Fund Direct Growth is ₹1,261.60Cr as of 18 Jan 2026.

How to Redeem Mirae Asset Overnight Fund Direct Growth?

If you want to sell your Mirae Asset Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Overnight Fund Direct Growth?

The NAV of Mirae Asset Overnight Fund Direct Growth is ₹1,367.51 as of 17 Jan 2026.

What is the PE and PB ratio of Mirae Asset Overnight Fund Direct Growth?

The PE ratio ratio of Mirae Asset Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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Mirae Asset Overnight Fund Direct Growth

Name: Mirae Asset Overnight Fund Direct Growth
Brand: Mirae Asset Mutual Fund

Debt

Overnight

Low Risk

+6.42%

3Y annualised

+0.01% 1D

All

NAV: 17 Jan '26

₹1,367.51

Min. SIP amount

₹99

Fund size

₹1,261.60 Cr

Expense ratio

0.07%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,554	+2.59%
3 years	₹1,80,000	₹1,97,025	+9.46%
5 years	₹3,00,000	₹3,47,633	+15.88%

Holdings (2)

Name	Sector	Instruments	Assets
Reserve Bank of India	Financial	T-Bills	3.96%
Reserve Bank of India	Financial	T-Bills	1.19%

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹99

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+5.8%	+6.4%	+5.5%	+5.1%
Category average (Debt Overnight)	+5.7%	+6.3%	+5.3%	--
Rank (Debt Overnight)	8	6	3	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Axis Overnight Fund Direct Growth	+5.80%	+6.43%	10,194.87
	Tata Overnight Fund Direct Growth	+5.80%	+6.42%	4,454.03
	Aditya Birla Sun Life Overnight Fund Direct Growth	+5.76%	+6.40%	8,421.31
	Kotak Overnight Fund Direct Growth	+5.77%	+6.40%	5,951.71
	Bandhan Overnight Fund Direct Growth	+5.76%	+6.40%	1,032.01
Compare

Fund management

KY
Krishnpal Yadav
Sep 2025 - Present
View details

Education

MBA (IIM Indore)

Experience

Prior to joining the Mirae Asset MF, Mr. Yadav was Dealer (Fixed Income) specializing in trading Non-SLR (Statutory Liquidity Ratio) securities.

Also manages these schemes

Mirae Asset Overnight Fund Direct Growth

Mirae Asset Arbitrage Fund Direct Growth

About Mirae Asset Overnight Fund Direct Growth

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 30 Nov 2007. Krishnpal Yadav is the Current Fund Manager of Mirae Asset Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,28,206 Cr and the Latest NAV as of 17 Jan 2026 is ₹1,367.51. The Mirae Asset Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. ;

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.

Fund benchmarkNIFTY 1D Rate Index

Scheme Information Document(SID)