Mahindra Manulife Overnight Fund - Dir (G)


Overnight Fund
  • NAV 1243.61 (0.02%)
  • Fund Size (Cr) ₹74.25
  • Expense Ratio 0.09
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹1000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment -
  • Minimum Withdrawal ₹1000
  • Exit Load 0%
  • Return Since Launch 4.70%

Basic Details

Scheme Manager
Rahul Pal
Bench Mark
CRISIL Liquid Overnight Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 11-Apr-24
  • 10012.37
  • 0.12%
  • -
  • 0.09%
  • 38/275
  • 1 Month
  • 18-Mar-24
  • 10056.48
  • 0.56%
  • -
  • 0.48%
  • 48/275
  • 3 Month
  • 18-Jan-24
  • 10165.29
  • 1.65%
  • -
  • 1.47%
  • 75/275
  • 6 Month
  • 18-Oct-23
  • 10338.02
  • 3.38%
  • -
  • 3.04%
  • 74/268
  • 1 Year
  • 18-Apr-23
  • 10679.83
  • 6.80%
  • 6.80%
  • 6.09%
  • 79/248
  • 3 Year
  • 18-Apr-21
  • 11658.44
  • 16.58%
  • 5.25%
  • 5.11%
  • 34/179
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 23-Jul-19
  • 12433.94
  • 24.34%
  • 4.70%
  • 5.78%
  • 155/275

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-May-23
  • 120000
  • 124159.22
  • 3.47%
  • 3.47%
  • 3 Year
  • 01-May-21
  • 360000
  • 394041.27
  • 9.46%
  • 3.06%
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    0.13%
  • Beta
    0.00%
  • Sharpe Ratio
    -4.19%
  • Treynor’s Ratio
    6.82%
  • Jension’s Alpha
    -1.83%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • TBILL-91D
  • 2.69%
  • 200000
  • 2.00
  • T Bills
  • T Bills
  • Reverse Repo
  • 97.58%
  • 724578042
  • 72.46
  • Reverse Repo
  • Debt Others
  • TREPS
  • 0.1%
  • 0
  • 0.08
  • Reverse Repo
  • Debt Others
  • Net CA & Others
  • -0.37%
  • 0
  • -0.28
  • Net CA & Others
  • Debt Others

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Mahindra Manulife Overnight Fund - Dir (G)
  • Stars
  • 74.25
  • 0.56%
  • 1.65%
  • 3.38%
  • 6.80%
  • 5.25%
  • Shriram Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 186.08
  • 0.50%
  • 1.58%
  • 6.99%
  • 10.72%
  • -
  • PGIM India Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 91.18
  • 0.48%
  • 1.68%
  • 7.32%
  • 10.70%
  • 6.59%
  • Invesco India Overnight Fund - Dir (IDCW-D) RI
  • Stars
  • 210.47
  • 0.50%
  • 2.15%
  • 4.45%
  • 8.57%
  • 5.96%
  • Nippon India Overnight Fund - Direct (IDCW-W)RI
  • Stars
  • 4903.1
  • 1.03%
  • 3.45%
  • 5.19%
  • 8.56%
  • 5.86%
  • Bandhan Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 1098.41
  • 0.71%
  • 2.10%
  • 4.15%
  • 8.43%
  • 6.59%

News

  • Mahindra Manulife MF Announces change in benchmark index under its schemes Mahindra Manulife Mutual Fund has announced change the benchmark index for the following schemes, with effect from 11 March 2024. Accordingly, the revised benchmark index will be:

    Changes in the Schemes Benchmark Index:

    Scheme Name Existing First Tier Benchmark Revised First Tier Benchmark
    Mahindra Manulife Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk) CRISIL Dynamic Bond B-III Index CRISIL Dynamic Bond A-III Index
    Mahindra Manulife Liquid Fund (An Open Ended Liquid Scheme. A relatively low interest rate risk and moderate credit risk) CRISIL Liquid Debt B-I Index CRISIL Liquid Debt A-I Index
    Mahindra Manulife Low Duration Fund (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 months {please refer to page no. 34 of SID}. A relatively low interest rate risk and moderate credit risk) CRISIL Low Duration Debt B-I Index CRISIL Low Duration Debt A-I Index
    Mahindra Manulife Short Duration Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years {please refer to page no. 39 of SID}. A moderate interest rate risk and moderate credit risk) CRISIL Short Duration Debt B-II Index CRISIL Short Duration Debt A-II Index
    Mahindra Manulife Ultra Short Duration Fund (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months {please refer to page no. 33 of SID}. A relatively low interest rate risk and moderate credit risk) CRISIL Ultra Short Duration Debt B-I IndexCRISIL Ultra Short Duration Debt A-I Index

    Powered by Capital Market - Live News

  • Mahindra Manulife Mutual Fund Announces change in fund manager Mahindra Manulife MF has announced change in fund manager under the following scheme, with effect from 05 January 2024.

    Change in Fund Management Responsibilities:

    Scheme Name Existing Dedicated Fund Manager for Overseas Investments New Dedicated Fund Manager for Overseas Investments
    Mahindra Manulife Equity Savings Fund , Mahindra Manulife Asia Pacific REITs FOF , Mahindra Manulife Short Duration Fund , Mahindra Manulife Business Cycle Fund Mr. Kush Sonigara Mr. Pranav Patel

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 22-Jul-2019
  • Total AUM (Cr) ₹74.25

Mahindra Manulife Overnight Fund - Dir (G) is an Overnight Fund-oriented fund from the renowned AMC, Mahindra Manulife Mutual Fund. Launched in Jul 2019, this fund is managed by Rahul Pal. With assets under management (AUM) worth ₹74.25 (Cr), as of 21-Apr-2024, Mahindra Manulife Overnight Fund - Dir (G) is categorized as a Overnight Fund within its segment. The fund has generated a return of 4.70% since its launch.
The current NAV of Mahindra Manulife Overnight Fund - Dir (G) is ₹1243.61, as on 21-Apr-2024. The fund’s benchmark index is CRISIL Liquid Overnight Index. You can invest in Mahindra Manulife Overnight Fund - Dir (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is - while the minimum lumpsum investment is ₹1000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 5.25% and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 100.37% in Debt and -0.37% in cash and cash equivalents

FAQs on Mahindra Manulife Overnight Fund - Dir (G)

Mahindra Manulife Overnight Fund - Dir (G) is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.70% since inception. Looking to invest in Mahindra Manulife Overnight Fund - Dir (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mahindra Manulife Overnight Fund - Dir (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Mahindra Manulife Overnight Fund - Dir (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Mahindra Manulife Overnight Fund - Dir (G) today and reap the benefits of this Overnight Fund fund!

In the short term, i.e., 1 year, Mahindra Manulife Overnight Fund - Dir (G) has generated annualised return of 6.80%. In the long-term, the fund has generated 5.25% and - in 3 and 5 years respectively. Since its inception, the fund has generated 4.70% returns.

The expense ratio of Mahindra Manulife Overnight Fund - Dir (G) Direct Growth is 0.09%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Mahindra Manulife Overnight Fund - Dir (G) is ₹74.25 (Cr) as of 21 April 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Mahindra Manulife Overnight Fund - Dir (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Mahindra Manulife Overnight Fund - Dir (G):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Mahindra Manulife Overnight Fund - Dir (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Mahindra Manulife Overnight Fund - Dir (G). Minimum lumpsum investment Mahindra Manulife Overnight Fund - Dir (G) is ₹1000 and minimum SIP amount is -. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Mahindra Manulife Overnight Fund - Dir (G) is ₹1243.61 as on 21 April 2024.

The 5 biggest stock holdings of Mahindra Manulife Overnight Fund - Dir (G) are:
TBILL-91D (2.69%), Reverse Repo (97.58%), TREPS (0.1%), Net CA & Others (-0.37%)

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