Mirae Asset Overnight Fund Direct Plan Growth
Fund House: Mirae Asset Mutual Fund| Category: Debt: Overnight |
| Launch Date: 04-10-2019 |
| Asset Class: Fixed Income |
| Benchmark: NIFTY 1D Rate Index |
| TER: 0.07% As on (31-05-2025) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 864.44 Cr As on 30-05-2025(Source:AMFI) |
| Turn over: - | Exit Load: Nil |
1326.7614
0.19 (0.0141%)
5.09%
Benchmark: 6.37%
PERFORMANCE
Returns Type:
of :
Start :
End :
Period:
This Scheme
-
vs
NIFTY 1D Rate Index
-
Gold
-
PPF
-
Returns Type:
of :
Period:
Start :
Period:
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months
Investment Objective
The scheme seeks 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.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 0.43 |
| Sharpe Ratio | -0.18 |
| Alpha | 1.51 |
| Beta | 0.79 |
| Yield to Maturity | 5.82 |
| Average Maturity | 2.27 |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| Mirae Asset Overnight Fund Direct Plan Growth | 04-10-2019 | 6.43 | 6.63 | 6.46 | 5.2 | - |
| BANK OF INDIA Overnight Fund Regular Plan Growth | 05-01-2020 | 6.5 | 6.68 | 6.49 | 5.21 | - |
| Axis Overnight Fund - Regular Plan - Growth Option | 01-03-2019 | 6.42 | 6.6 | 6.42 | 5.14 | - |
| Bajaj Finserv Overnight Fund - Regular Plan - Growth | 05-07-2023 | 6.38 | - | - | - | - |
| UTI - Overnight Fund - Regular Plan - Growth Option | 09-12-2003 | 6.37 | 6.56 | 6.38 | 5.11 | 5.67 |
| PGIM India Overnight Fund - Regular Plan- Growth Option | 27-08-2019 | 6.37 | 6.55 | 6.36 | 5.1 | - |
| Nippon India Overnight Fund - Regular Plan - Growth Option | 03-12-2018 | 6.37 | 6.54 | 6.36 | 5.08 | - |
| Invesco India Overnight Fund - Regular Plan - Growth | 01-01-2020 | 6.36 | 6.56 | 6.37 | 5.09 | - |
| Franklin India Overnight fund- Growth | 05-05-2019 | 6.35 | 6.52 | 6.33 | 5.06 | - |
| DSP Overnight Fund - Regular Plan - Growth | 05-01-2019 | 6.35 | 6.54 | 6.36 | 5.09 | - |
Scheme Characteristics
Investment in overnight securities having maturity of 1 day.
Riskometer
PORTFOLIO
Market Cap Distribution
Others
100.0%
