Fund Overview
Fund Size
₹265 Cr
Expense Ratio
0.09%
ISIN
INF174V01838
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
24 Jul 2019
About this fund
As of 19-Apr-25, it has a Net Asset Value (NAV) of ₹1325.75, Assets Under Management (AUM) of 265.10 Crores, and an expense ratio of 0.09%.
- Mahindra Manulife Overnight Fund Direct Growth has given a CAGR return of 5.03% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Overnight Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.61%
— (Cat Avg.)
3 Years
+6.34%
— (Cat Avg.)
5 Years
+5.08%
— (Cat Avg.)
Since Inception
+5.03%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Others | ₹265.1 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Reverse Repo | Cash - Repurchase Agreement | ₹64.44 Cr | 84.38% |
| 91 DTB 17042025 | Bond - Gov't/Treasury | ₹4.99 Cr | 6.53% |
| 91 Days Tbill Red 24-04-2025 | Bond - Gov't/Treasury | ₹2.99 Cr | 3.91% |
| 91 DTB 10042025 | Bond - Gov't/Treasury | ₹2 Cr | 2.62% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2 Cr | 2.61% |
| Net Receivables / (Payables) | Cash | ₹-0.12 Cr | 0.16% |
| Triparty Repo | Cash - Repurchase Agreement | ₹0.08 Cr | 0.10% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Repurchase Agreement | ₹64.51 Cr | 84.49% |
| Bond - Gov't/Treasury | ₹9.97 Cr | 13.06% |
| Bond - Short-term Government Bills | ₹2 Cr | 2.61% |
| Cash | ₹-0.12 Cr | 0.16% |
Risk & Performance Ratios
Standard Deviation
This fund
0.23%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
-17.73
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Rahul Pal
Since July 2019
Amit Garg
Since June 2020
Additional Scheme Detailsas of 31st March 2025
ISIN INF174V01838 | Expense Ratio 0.09% | Exit Load No Charges | Fund Size ₹265 Cr | Age 5 years 8 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Liquid Overnight TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Overnight Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Zerodha Overnight Fund Direct Growth Low Risk | - | 0.0% | - | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹237.72 Cr | 6.5% |
| JM Overnight Fund Regular Growth Low Risk | 0.1% | 0.0% | ₹237.72 Cr | 6.5% |
| Shriram Nifty 1D Rate Liquid ETF Low Risk | 0.4% | - | ₹30.60 Cr | - |
| SBI NIFTY 1D Rate ETF Low Risk | 0.3% | - | ₹29.13 Cr | 4.5% |
| Helios Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹157.66 Cr | 6.4% |
| Helios Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹157.66 Cr | 6.5% |
| Baroda BNP Paribas Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹581.81 Cr | 6.5% |
| Baroda BNP Paribas Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹581.81 Cr | 6.6% |
| PGIM India Overnight Fund Regular Growth Low Risk | 0.1% | 0.0% | ₹88.11 Cr | 6.6% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹16,346 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Low Risk
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What is the current NAV of Mahindra Manulife Overnight Fund Direct Growth?
What are the returns of Mahindra Manulife Overnight Fund Direct Growth?
What is the portfolio composition of Mahindra Manulife Overnight Fund Direct Growth?
Who manages the Mahindra Manulife Overnight Fund Direct Growth?
- Rahul Pal
- Amit Garg
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NAV (19-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹265 Cr
Expense Ratio
0.09%
ISIN
INF174V01838
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
24 Jul 2019
Risk Level
Your principal amount will be at Low Risk
About this fund
As of 19-Apr-25, it has a Net Asset Value (NAV) of ₹1325.75, Assets Under Management (AUM) of 265.10 Crores, and an expense ratio of 0.09%.
- Mahindra Manulife Overnight Fund Direct Growth has given a CAGR return of 5.03% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Overnight Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.61%
— (Cat Avg.)
3 Years
+6.34%
— (Cat Avg.)
5 Years
+5.08%
— (Cat Avg.)
Since Inception
+5.03%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Others | ₹265.1 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Reverse Repo | Cash - Repurchase Agreement | ₹64.44 Cr | 84.38% |
| 91 DTB 17042025 | Bond - Gov't/Treasury | ₹4.99 Cr | 6.53% |
| 91 Days Tbill Red 24-04-2025 | Bond - Gov't/Treasury | ₹2.99 Cr | 3.91% |
| 91 DTB 10042025 | Bond - Gov't/Treasury | ₹2 Cr | 2.62% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2 Cr | 2.61% |
| Net Receivables / (Payables) | Cash | ₹-0.12 Cr | 0.16% |
| Triparty Repo | Cash - Repurchase Agreement | ₹0.08 Cr | 0.10% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Repurchase Agreement | ₹64.51 Cr | 84.49% |
| Bond - Gov't/Treasury | ₹9.97 Cr | 13.06% |
| Bond - Short-term Government Bills | ₹2 Cr | 2.61% |
| Cash | ₹-0.12 Cr | 0.16% |
Risk & Performance Ratios
Standard Deviation
This fund
0.23%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
-17.73
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Rahul Pal
Since July 2019
Amit Garg
Since June 2020
Additional Scheme Detailsas of 31st March 2025
ISIN INF174V01838 | Expense Ratio 0.09% | Exit Load No Charges | Fund Size ₹265 Cr | Age 5 years 8 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Liquid Overnight TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Overnight Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Zerodha Overnight Fund Direct Growth Low Risk | - | 0.0% | - | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹237.72 Cr | 6.5% |
| JM Overnight Fund Regular Growth Low Risk | 0.1% | 0.0% | ₹237.72 Cr | 6.5% |
| Shriram Nifty 1D Rate Liquid ETF Low Risk | 0.4% | - | ₹30.60 Cr | - |
| SBI NIFTY 1D Rate ETF Low Risk | 0.3% | - | ₹29.13 Cr | 4.5% |
| Helios Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹157.66 Cr | 6.4% |
| Helios Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹157.66 Cr | 6.5% |
| Baroda BNP Paribas Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹581.81 Cr | 6.5% |
| Baroda BNP Paribas Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹581.81 Cr | 6.6% |
| PGIM India Overnight Fund Regular Growth Low Risk | 0.1% | 0.0% | ₹88.11 Cr | 6.6% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹16,346 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Overnight Fund Direct Growth?
What are the returns of Mahindra Manulife Overnight Fund Direct Growth?
What is the portfolio composition of Mahindra Manulife Overnight Fund Direct Growth?
Who manages the Mahindra Manulife Overnight Fund Direct Growth?
- Rahul Pal
- Amit Garg
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
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