How to Invest in Mirae Asset Overnight Fund IDCW Monthly?

You can easily invest in Mirae Asset Overnight Fund IDCW Monthly 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 IDCW Monthly 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 IDCW Monthly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Overnight Fund IDCW Monthly provide?

The Mirae Asset Overnight Fund IDCW Monthly has been there from 15 Oct 2019 and the average annual returns provided by this fund is 6.12% since its inception.

How much expense ratio is charged by Mirae Asset Overnight Fund IDCW Monthly?

The term Expense Ratio used for Mirae Asset Overnight Fund IDCW Monthly 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 IDCW Monthly is 0.16% as of 05 Sep 2025...

What is the AUM of Mirae Asset Overnight Fund IDCW Monthly?

The AUM, short for Assets Under Management of Mirae Asset Overnight Fund IDCW Monthly is ₹855.31Cr as of 05 Sep 2025.

How to Redeem Mirae Asset Overnight Fund IDCW Monthly?

If you want to sell your Mirae Asset Overnight Fund IDCW Monthly 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 IDCW Monthly?

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

What is the NAV of Mirae Asset Overnight Fund IDCW Monthly?

The NAV of Mirae Asset Overnight Fund IDCW Monthly is ₹1,001.44 as of 04 Sep 2025.

What is the PE and PB ratio of Mirae Asset Overnight Fund IDCW Monthly?

The PE ratio ratio of Mirae Asset Overnight Fund IDCW Monthly 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).

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	2.34%
Reserve Bank of India	Financial	T-Bills	1.17%
Reserve Bank of India	Financial	T-Bills	0.58%

Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

	1Y	3Y	5Y	All
Fund returns	6.1%	6.4%	5.2%	5.0%
Category average	6.1%	6.4%	5.2%	NA
Rank with in category	14	7	4	NA

Debt, Overnight funds	Rating	1Y	3Y	Fund Size(Cr)
Axis Overnight Fund IDCW Monthly	5	6.2%	6.5%	11,478.86
Invesco India Overnight Fund IDCW Monthly	4	6.1%	6.4%	191.20
Nippon India Overnight Fund IDCW Monthly	4	6.1%	6.4%	7,068.72
Mirae Asset Overnight Fund IDCW Monthly	4	6.1%	6.4%	855.31
Aditya Birla Sun Life Overnight Fund IDCW Monthly	3	6.1%	6.3%	9,297.91

Rank (total assets)	#13 in India
Total AUM	₹2,07,353.27Cr

Mirae Asset Overnight Fund IDCW Monthly

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Expense ratio: 0.16%

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Amit ModaniFeb 2025 - PresentView details

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Amit Modani
Feb 2025 - Present
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