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Mirae Asset Overnight Fund Regular Growth+0.01%

3.04%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

Mirae Asset Overnight Fund Regular Growth

RiskLow
Min SIP AmountNot Supported
Expense Ratio0.21%
NAV₹1056.47 (12 May 2021)
Fund Started14 Oct 2019
Fund Size454 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.0%
-
-
3.5%
Category Average
3.0%
4.5%
5.1%
-
Rank Within Category
4
-
-
-
*All returns are annualized.
SIP
Minimum SIP amount0
Amount Per Month₹5,000
Would have become
0
with 3.0% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.21%
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

Fund Managers

Mahendra Kumar Jajoo
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Mirae Asset Overnight Fund Regular Growth Details

Mirae Asset Overnight Fund Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹454 Cr and the Latest NAV as of 12 May 2021 is ₹1056.47.

The Mirae Asset Overnight Fund Regular Growth is rated Low risk.

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)

Not Supported
Min for First Investment
Not Supported
Min for Second Investment
Nil
Exit Load

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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,
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