October 17, 2025
RA Jainee
Mirae Asset Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,349.1309
Weekly NAV IDCW: Rs 1,000.1479
Monthly Nav IDCW: Rs 1,003.2640
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.
Fund Manager:
1) Krishnpal Yadav
Education: MBA (IIM Indore)
Experience: Prior to joining the Mirae Asset MF, Mr. Yadav was Dealer (Fixed Income) specializing in trading Non-SLR (Statutory Liquidity Ratio) securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset Overnight Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 15-Oct-19 |
| Return Since Launch | 5.11% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 1,433 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.07% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Overnight Dir | 4.67 | 0.01 | 0.45 | 1.36 | 2.77 | 6.08 | 6.48 | 5.35 | — | — |
| CCIL T Bill Liquidity Weight | 3.85 | -0.01 | 0.34 | 0.90 | 2.17 | 4.69 | 4.63 | 3.61 | — | — |
| Debt: Overnight | 4.63 | 0.01 | 0.44 | 1.35 | 2.74 | 6.04 | 6.43 | 5.30 | — | — |
| Rank within category | 6 | 19 | 5 | 3 | 4 | 5 | 3 | 2 | — | — |
| Number of funds in category | 34 | 37 | 37 | 37 | 35 | 34 | 31 | 27 | 3 | 2 |
Peer Comparison of Mirae Asset 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 | |
| Mirae Asset Overnight Dir | 4 star | 6.08 | 6.48 | 5.35 | 0.07 | 1,433 | 5.11 | — | 6Y |
| ABSL Overnight Dir | 4 star | 6.07 | 6.46 | 5.32 | 0.08 | 9,440 | 5.20 | — | 6Y 11M |
| Axis Overnight Dir | 5 star | 6.12 | 6.49 | 5.34 | 0.07 | 8,743 | 5.15 | — | 6Y 7M |
| Kotak Overnight Dir | 4 star | 6.08 | 6.46 | 5.31 | 0.08 | 8,619 | 5.14 | — | 6Y 9M |
| Nippon India Overnight Dir | 4 star | 6.10 | 6.48 | 5.33 | 0.08 | 6,760 | 5.19 | — | 6Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 3 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | 0.01 |
| Yield to Maturity (%) | 5.61 | 5.62 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Overnight Fund
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://transact.miraeassetmf.co.in/mnwclient/Admin/Login/Login
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks
- Chanakyanipothi.com
- Staffavailable.com
- BigGaddi.com
- Latest IPO GMP
- Best Stocks to buy today
- Grey Market Premium
- Upcoming IPOs
- Subscription Status