- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Overnight Fund (Growth)
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1196.8384
NAV (Dec 4)
Fund Returns
Last 1Y | 6.6% |
Last 3Y | 4.7% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 4.4% |
6 Month CAGR | 3.3% |
Scheme Information
The investment objective of the scheme is 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. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Expense Ratio | 0.18 |
Launched (4y ago) | Oct 16, 2019 |
AUM in Crores | 1450.894 |
ISIN | INF769K01FE1 |
Lock-in | No Lock-in |
Benchmark | Nifty 1D Rate TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.4 |
Standard Deviation (5yr) | 0 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -10.01 |
Sharpe Ratio (5yr) | 0 |
YTM | 6.82 |
Fund Managers
Returns Calculator Comparison
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for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Overnight Fund (Growth) | NaN | NaN | % | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
reverse repo
64%treps
35.2%91 Days Treasury Bill 30-11-2023
0.7%182 Days Treasury Bill 14-12-2023
0.3%net receivables / (payables)
0.3%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 40,756 cr | ||
₹ 16,858 cr | ||
₹ 11,326 cr | ||
₹ 13,754 cr | ||
₹ 10,873 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
19.2% | 18% | ||
18.2% | 17.4% | ||
15.2% | 20.2% | ||
11.1% | 11.1% | ||
20.7% | 20.2% |
Mirae Asset Overnight Fund (G) Review
Mirae Asset Overnight Fund (G) is a Overnight Debt fund and has delivered an annualised return of 4.4% over a period of 4 years. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Abhishek Iyer.
Nav of Mirae Asset Overnight Fund (G) as of 12/4/2023 is ₹1196.84 with the total AUM as of 12/5/2023 is ₹1450.894. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Overnight Fund (G) was launched on Oct 16, 2019. The category risk of the fund is Low Risk.
The minimum SIP amount for Mirae Asset Overnight Fund (G) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Mirae Asset Overnight Fund (G) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty 1D Rate TR INR.
Mirae Asset Overnight Fund (G) is rated as a 0 fund in Debt and delivered 6.6% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Overnight Fund (G).
Frequently Asked Questions
What is Mirae Asset Overnight Fund (G)?
How to invest in Mirae Asset Overnight Fund (G)?
You can invest in Mirae Asset Overnight Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Mirae Asset Overnight Fund (G)?
The minimum sip amount for Mirae Asset Overnight Fund (G) is ₹1000. You can invest in multiples of ₹5000.
Is Mirae Asset Overnight Fund (G) good to invest in?
As per Scripbox experts, Mirae Asset Overnight Fund (G) is a Not Reviewed Yet fund. You can investMirae Asset Overnight Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Mirae Asset Overnight Fund (G)?
The expense ratio of the Mirae Asset Overnight Fund (G) is 0.18% for regular plan.