
Mirae Asset Overnight Fund - Direct (IDCW-M)
Overnight FundNAV
1000.00(-0.46%)Fund Size (CR)
₹855.31Expense Ratio
0.08Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹1,000Minimum SIP Investment
₹99Minimum Withdrawal
₹1Exit Load
0%Return Since Launch
5.10%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Amit Modani
Bench Mark
Nifty 1D Rate TRI
Type
OPEN
Lumpsum Returns
Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
---|---|---|---|---|---|---|
1 Week | 15 August 2025 | 10010.33 | 0.10% | - | 0.09% | 83/260 |
1 Month | 22 July 2025 | 10045.97 | 0.46% | - | 0.41% | 40/260 |
3 Month | 22 May 2025 | 10135.89 | 1.36% | - | 1.28% | 68/255 |
6 Month | 21 February 2025 | 10287.57 | 2.88% | - | 2.64% | 41/252 |
1 Year | 22 August 2024 | 10650.52 | 6.51% | 6.51% | 5.64% | 13/251 |
3 Year | 22 August 2022 | 12105.38 | 21.05% | 6.57% | 5.78% | 22/221 |
5 Year | 21 August 2020 | 12929.53 | 29.30% | 5.27% | 5.15% | 29/169 |
Since Inception | 26 November 2019 | 13304.52 | 33.05% | 5.10% | 5.79% | 115/260 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
---|---|---|---|---|---|
1 Year | 1 September 2024 | 1,20,000 | 158785.39 | 32.32% | 32.32% |
3 Year | 1 September 2022 | 3,60,000 | 476344.80 | 32.32% | 9.78% |
5 Year | 1 September 2020 | 6,00,000 | 794080.21 | 32.35% | 5.77% |
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
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
0.06%
Standard Deviation
1.03%
Beta
4.33%
Sharpe Ratio
-20.48%
Treynor's Ratio
0.05%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
---|---|---|---|---|---|
There's no data available of Stock Holdings |
Peer Comparison
Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Overnight Fund - Direct (IDCW-M) | 855.31 | 0.46% | 1.36% | 2.88% | 6.51% | 6.57% | |
PGIM India Overnight Fund - Direct (IDCW-W) | 47.31 | 0.45% | 1.42% | 5.23% | 13.08% | 9.57% | |
Bandhan Overnight Fund - Direct (IDCW-W) RI | 816.55 | 0.46% | 6.67% | 8.37% | 12.78% | 8.62% | |
TRUSTMF Overnight Fund - Direct (IDCW-D) RI | 57.86 | 0.61% | 1.84% | 3.81% | 8.14% | 7.40% | |
Bandhan Overnight Fund - Direct (IDCW-D) RI | 816.55 | 0.55% | 1.62% | 3.55% | 7.94% | 8.15% | |
Helios Overnight Fund - Direct (IDCW-D) RI | 179.70 | 0.52% | 1.53% | 3.16% | 6.72% | - |
List of Schemes under Mirae Asset Mutual Fund
News
Mirae Asset Mutual Fund announces change in fund manager under its schemes
Mirae Asset Mutual Fund has announced change in fund manager under the following scheme, With effect from 16 June 2025Change in Fund Manager:
Name of the Scheme(s) Existing Fund Manager(s) Proposed Fund Manager(s) Mirae Asset Great Consumer Fund Mr. Ankit Jain &
Mr. Siddhant ChhabriaMr. Siddhant Chhabria Mirae Asset Banking & Financial Services Fund Mr. Gaurav Kochar Mr. Harshad Borawake Powered by Capital Market - Live News
Mirae Asset Mutual Fund announces change in fund manager under its scheme
Mirae Asset Mutual Fund has announced change in fund manager under the following scheme, with effect from 05 June 2025.Change in Fund Manager:
Name of the Scheme(s) Existing Fund Manager(s) Proposed Fund Manager(s) Mirae Asset Multi Asset Allocation Fund Mr. Harshad Borawake (for equity portion),
Mr. Siddharth Srivastava (for overseas portion),
Mr. Ritesh Patel (for commodity portion),
Mr. Basant Bafna (for debt portion)Mr. Harshad Borawake (for equity portion),
Mr. Siddharth Srivastava (for overseas portion),
Mr. Ritesh Patel (for commodity portion),
Mr. Mahendra Kumar Jajoo (for debt portion)Powered by Capital Market - Live News
Mirae Asset Mutual Fund announces change in Key Personnel
Mirae Asset Mutual Fund has announced that Mr. Vijay Rao has been appointed as a Head - Information Technology on the Board of the Trustee Company with effect from May 20, 2025.Details of Mr. Vijay Rao
Age: 42
Designation: Head - Information Technology
Qualification : B.E. (Bachelor of Engineering) - Mechanical, PGDBM (Post Graduate in Business Management) - Systems/IT /
Experience : 19 years & 8 months
Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
15 October 2019
Total AUM (Cr)
₹2314.87
Mirae Asset Overnight Fund - Direct (IDCW-M) is an Overnight Fund-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in 15 October 2019, this fund is managed by Amit Modani. With assets under management (AUM) worth ₹2,314.87 (Cr), as of 25 August 2025, Mirae Asset Overnight Fund - Direct (IDCW-M) is categorized as a Overnight Fund within its segment. The fund has generated a return of 5.10% since its launch.
The current NAV of Mirae Asset Overnight Fund - Direct (IDCW-M) is ₹1,000, as on 25 August 2025. The fund's benchmark index is Nifty 1D Rate TRI. You can invest in Mirae Asset Overnight Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹99 while the minimum lumpsum investment is ₹5,000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 6.57% and 5.27% 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 99.94% in Debt and 0.06% in cash and cash equivalents.