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  • Mutual Funds
  • Mirae Asset Overnight Fund - Regular (IDCW-D) RI
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Mirae Asset Overnight Fund - Regular (IDCW-D) RI

Overnight Fund
Invest Now

  • NAV

    1000.00(-0.00%)

  • Fund Size (CR)

    ₹1,743.29

  • Expense Ratio

    0.17

  • Scheme Type

    Active Fund

  • Value Research

    -

  • Min. investment

    ₹5,000

  • Minimum Additional Investment

    ₹1,000

  • Minimum SIP Investment

    ₹99

  • Minimum Withdrawal

    ₹0

  • Exit Load Nil

    0%

  • Return Since Launch

    4.80%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 0%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Abhishek Iyer

Bench Mark

Nifty 1D Rate TRI

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 23 December 202410009.410.09%-0.12%215/256
1 Month30 November 202410045.640.46%-0.47%188/256
3 Month30 September 202410139.771.40%-1.44%196/255
6 Month30 June 202410285.992.86%-2.91%200/254
1 Year29 December 202310595.025.95%5.95%6.04%211/252
3 Year30 December 202111814.7418.15%5.72%5.57%153/196
5 Year30 December 201912664.4226.64%4.84%4.85%84/156
Since Inception15 October 201912767.0027.67%4.80%5.95%189/256

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 January 20241,30,000166022.9627.71% 27.71%
3 Year2 January 20223,70,000472524.7427.71% 8.49%
5 Year1 January 20206,10,000779028.9227.71% 5.01%
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

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.09%

Standard Deviation

0.88%

Beta

-3.95%

Sharpe Ratio

0%

Treynor's Ratio

-0.43%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
TBILL-364D0.88%7000006.99T BillsT Bills
TBILL-91D0.63%5000004.98T BillsT Bills
TBILL-91D0.63%5000004.98T BillsT Bills
Reverse Repo67.02%-531.15Reverse RepoDebt Others
TREPS30.73%-243.56Reverse RepoDebt Others
Net CA & Others0.11%-0.84Net CA & OthersDebt Others

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
PGIM India Overnight Fund - Direct (IDCW-W)
74.040.62%3.49%7.72%12.08%8.01%
Nippon India Overnight Fund - Direct (IDCW-W)RI
8439.040.53%1.61%3.14%8.48%6.62%
Bandhan Overnight Fund - Direct (IDCW-D) RI
1152.580.71%2.05%4.10%8.45%7.58%
TRUSTMF Overnight Fund - Direct (IDCW-D) RI
149.530.67%2.10%4.27%8.39%-
Invesco India Overnight Fund - Dir (IDCW-D) RI
685.950.45%1.38%3.16%7.84%6.83%

News

  • Mirae Asset Mutual Fund announces change in Key Personnel

    Mirae Asset Mutual Fund has announced that Ms. Rimmi Jain has been appointed as a Head ' Compliance on the Board of Mirae Asset Company Ltd. With effect from 01 January 2025

    Details of Ms. Rimmi Jain,

    Age: 37 years

    Designation: Head ' Compliance,

    Qualification: Bachelor of Commerce, ACS and LLB

    Powered by Capital Market - Live News

  • Mirae Asset Small Cap Fund announces Extension of NFO period

    Mirae Asset Fund has announced that New Fund Offer (NFO) Period of the Scheme has been modified as follows:

    Change in New Fund Offer period of 'Mirae Asset Small Cap Fund'

    Existing Dates Revised Dates
    NFO Start Date Thursday, January 09, 2025 Friday, January 10, 2025
    NFO Closure Date Thursday, January 23, 2025 Friday, January 24, 2025
    Scheme re-opens for continuous Sale and Repurchase on: Friday, January 31, 2025 Monday, February 03, 2025

    Powered by Capital Market - Live News

  • Mirae Asset Mutual Fund announces change in Exit Load Structure

    Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 30 October 2024

    Change in Exit Load:

    Name of the Scheme Existing Load Structure Revised Load Structure
    ' Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund
    ' Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Fund of Fund
    ' Mirae Asset Nifty India Manufacturing ETF Fund of Fund
    ' Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund
    		 ' if redeemed within 3 months from the date of allotment: 0.05%,
    ' if redeemed after 3 months from date of allotment: Nil     		' if redeemed or switched out within 15 days from the date of allotment: 0.05%,
    ' if redeemed or switched out after 15 days from date of allotment: Nil
    ' Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund ' if redeemed or switched out within 5 calendar days from the date of allotment: 0.05%,
    ' if redeemed or switched out after 5 days from date of allotment: Nil     		' if redeemed or switched out within 15 days from the date of allotment: 0.05%,
    ' if redeemed or switched out after 15 days from date of allotment: Nil

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

15 October 2019

Total AUM (Cr)

₹792.51

Mirae Asset Overnight Fund - Regular (IDCW-D) RI is an Overnight Fund-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in 15 October 2019, this fund is managed by Abhishek Iyer. With assets under management (AUM) worth ₹792.51 (Cr), as of 1 January 2025, Mirae Asset Overnight Fund - Regular (IDCW-D) RI is categorized as a Overnight Fund within its segment. The fund has generated a return of 4.80% since its launch.
The current NAV of Mirae Asset Overnight Fund - Regular (IDCW-D) RI is ₹1,000, as on 1 January 2025. The fund's benchmark index is Nifty 1D Rate TRI. You can invest in Mirae Asset Overnight Fund - Regular (IDCW-D) RI 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 5.72% and 4.84% 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 99.89% in Debt and 0.11% in cash and cash equivalents.

FAQs

How to Invest in Mirae Asset Overnight Fund - Regular (IDCW-D) RI Direct Growth?

Mirae Asset Overnight Fund - Regular (IDCW-D) RI is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.80% since inception. Looking to invest in Mirae Asset Overnight Fund - Regular (IDCW-D) RI How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Overnight Fund - Regular (IDCW-D) RI 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, Mirae Asset Overnight Fund - Regular (IDCW-D) RI
  • 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 Mirae Asset Overnight Fund - Regular (IDCW-D) RI today and reap the benefits of this Overnight Fund fund!

How much returns has Mirae Asset Overnight Fund - Regular (IDCW-D) RI Direct Growth generated?

In the short term, i.e., 1 year, Mirae Asset Overnight Fund - Regular (IDCW-D) RI has generated annualised return of 5.95%. In the long-term, the fund has generated 5.72% and 4.84% in 3 and 5 years respectively. Since its inception, the fund has generated 4.80% returns.

What is the expense ratio of Mirae Asset Overnight Fund - Regular (IDCW-D) RI Direct Growth?

The expense ratio of Mirae Asset Overnight Fund - Regular (IDCW-D) RI Direct Growth is 0.17%. 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.

What is the AUM of Mirae Asset Overnight Fund - Regular (IDCW-D) RI Fund Direct Growth?

The Assets Under Management (AUM) of Mirae Asset Overnight Fund - Regular (IDCW-D) RI is ₹792.51 (Cr) as of 2025-01-01 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Mirae Asset Overnight Fund - Regular (IDCW-D) RI Direct Growth?

Redeeming or selling units of Mirae Asset Overnight Fund - Regular (IDCW-D) RI 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 Mirae Asset Overnight Fund - Regular (IDCW-D) RI:
  • 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 Mirae Asset Overnight Fund - Regular (IDCW-D) RI).
  • 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).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.