June 24, 2025
mayank
Mahindra Manulife Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,339.0553
NAV IDCW Daily: Rs 1,342.3434
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
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 including TREPS (Tri-Party Repo) and Reverse Repo.
Fund Manager:
1) Rahul Pal
Education: Mr. Pal is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
2) Amit Garg
Education: Mr Garg is a B.Com, MMS Finance, CFA
Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mahindra Manulife Overnight Fund
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 23-Jul-19 |
| Return Since Launch | 5.05% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 247 Cr |
| (As on 31-May-2025) | |
| Expense | 0.10% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of Mahindra Manulife Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Manulife Overnight Dir | 2.92 | 0.01 | 0.46 | 1.46 | 3.07 | 6.43 | 6.43 | 5.18 | — | — |
| CCIL T Bill Liquidity Weight | 2.71 | 0.00 | 0.44 | 1.57 | 2.79 | 5.22 | 4.55 | 3.54 | — | — |
| Debt: Overnight | 2.90 | 0.01 | 0.46 | 1.45 | 3.05 | 6.40 | 6.41 | 5.15 | — | — |
| Rank within category | 10 | 24 | 8 | 5 | 10 | 13 | 13 | 4 | — | — |
| Number of funds in category | 34 | 35 | 35 | 34 | 34 | 34 | 28 | 27 | 3 | 2 |
Peer Comparison of Mahindra Manulife Overnight Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Mahindra Manulife Overnight Dir | 3 star | 6.43 | 6.43 | 5.18 | 0.10 | 247 | 5.05 | — | 5Y 11M |
| Axis Overnight Dir | 5 star | 6.48 | 6.47 | 5.19 | 0.06 | 8,726 | 5.13 | — | 6Y 3M |
| ABSL Overnight Dir | 4 star | 6.44 | 6.44 | 5.17 | 0.08 | 7,174 | 5.18 | — | 6Y 7M |
| Kotak Overnight Dir | 4 star | 6.44 | 6.44 | 5.16 | 0.08 | 6,261 | 5.13 | — | 6Y 5M |
| Nippon India Overnight Dir | 4 star | 6.46 | 6.46 | 5.18 | 0.08 | 5,781 | 5.18 | — | 6Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 5.99 | 5.84 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Overnight Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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