How to Invest in Mirae Asset Overnight Fund Direct Growth?

You can easily invest in Mirae Asset Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Overnight Fund Direct Growth provide?

The Mirae Asset Overnight Fund Direct Growth has been there from 15 Oct 2019 and the average annual returns provided by this fund is 6.67% since its inception.

How much expense ratio is charged by Mirae Asset Overnight Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Overnight Fund Direct Growth is 0.09% as of 04 Dec 2023...

What is the AUM of Mirae Asset Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Overnight Fund Direct Growth is ₹1,439.99Cr as of 04 Dec 2023.

How to Redeem Mirae Asset Overnight Fund Direct Growth?

If you want to sell your Mirae Asset Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Overnight Fund Direct Growth?

The NAV of Mirae Asset Overnight Fund Direct Growth is ₹1,201.34 as of 03 Dec 2023.

What is the PE and PB ratio of Mirae Asset Overnight Fund Direct Growth?

The PE ratio ratio of Mirae Asset Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Overnight Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Mirae Asset Overnight Fund Direct Growth
Debt
Overnight
Low Risk
79%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
All
 NAV: 03 Dec 2023₹1,201.34
Min. SIP amount₹1,000
Rating5
Fund size₹1,439.99Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Overnight
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA6.7%4.8%4.5%
Category averageNA6.5%4.7%NA
Rank with in categoryNA32NA
Understand terms
Holdings (3)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills0.7%
Reserve Bank of India
FinancialT-Bills0.3%
Reserve Bank of India
FinancialT-Bills0.3%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Nov 2023 - Present
09%
Nov 2023 - 24 Nov 2023
09%
Nov 2023 - 23 Nov 2023
09%
Nov 2023 - 22 Nov 2023
09%
Nov 2023 - 21 Nov 2023
09%
Nov 2023 - 20 Nov 2023
09%
Nov 2023 - 19 Nov 2023
09%
Nov 2023 - 18 Nov 2023
09%
Nov 2023 - 17 Nov 2023
09%
Nov 2023 - 16 Nov 2023
09%
Nov 2023 - 15 Nov 2023
09%
Nov 2023 - 14 Nov 2023
09%
Nov 2023 - 13 Nov 2023
09%
Nov 2023 - 12 Nov 2023
09%
Nov 2023 - 11 Nov 2023
09%
Nov 2023 - 10 Nov 2023
09%
Nov 2023 - 09 Nov 2023
09%
Nov 2023 - 08 Nov 2023
09%
Nov 2023 - 07 Nov 2023
09%
Nov 2023 - 06 Nov 2023
09%
Nov 2023 - 05 Nov 2023
09%
Nov 2023 - 04 Nov 2023
09%
Nov 2023 - 03 Nov 2023
09%
Nov 2023 - 02 Nov 2023
09%
Oct 2023 - 01 Nov 2023
09%
Oct 2023 - 31 Oct 2023
09%
Oct 2023 - 30 Oct 2023
09%
Oct 2023 - 29 Oct 2023
09%
Oct 2023 - 28 Oct 2023
09%
Oct 2023 - 27 Oct 2023
09%
Oct 2023 - 26 Oct 2023
09%
Oct 2023 - 25 Oct 2023
09%
Oct 2023 - 24 Oct 2023
09%
Oct 2023 - 23 Oct 2023
09%
Oct 2023 - 22 Oct 2023
09%
Oct 2023 - 21 Oct 2023
09%
Oct 2023 - 20 Oct 2023
09%
Oct 2023 - 19 Oct 2023
09%
Oct 2023 - 18 Oct 2023
09%
Oct 2023 - 17 Oct 2023
09%
Oct 2023 - 16 Oct 2023
09%
Oct 2023 - 15 Oct 2023
09%
Oct 2023 - 14 Oct 2023
09%
Oct 2023 - 13 Oct 2023
09%
Oct 2023 - 12 Oct 2023
09%
Oct 2023 - 11 Oct 2023
09%
Oct 2023 - 10 Oct 2023
09%
Oct 2023 - 09 Oct 2023
09%
Oct 2023 - 08 Oct 2023
09%
Oct 2023 - 07 Oct 2023
09%
Oct 2023 - 06 Oct 2023
09%
Oct 2023 - 05 Oct 2023
09%
Oct 2023 - 04 Oct 2023
09%
Oct 2023 - 03 Oct 2023
09%
Oct 2023 - 02 Oct 2023
09%
Sep 2023 - 01 Oct 2023
09%
Sep 2023 - 30 Sep 2023
09%
Sep 2023 - 29 Sep 2023
09%
Sep 2023 - 28 Sep 2023
09%
Sep 2023 - 27 Sep 2023
09%
Sep 2023 - 26 Sep 2023
09%
Sep 2023 - 25 Sep 2023
09%
Sep 2023 - 24 Sep 2023
09%
Sep 2023 - 23 Sep 2023
09%
Sep 2023 - 22 Sep 2023
09%
Sep 2023 - 21 Sep 2023
09%
Sep 2023 - 20 Sep 2023
09%
Sep 2023 - 19 Sep 2023
09%
Sep 2023 - 18 Sep 2023
09%
Sep 2023 - 17 Sep 2023
09%
Sep 2023 - 16 Sep 2023
09%
Sep 2023 - 15 Sep 2023
09%
Sep 2023 - 14 Sep 2023
09%
Sep 2023 - 13 Sep 2023
09%
Sep 2023 - 12 Sep 2023
09%
Sep 2023 - 11 Sep 2023
09%
Sep 2023 - 10 Sep 2023
09%
Sep 2023 - 09 Sep 2023
09%
Sep 2023 - 08 Sep 2023
09%
Sep 2023 - 07 Sep 2023
09%
Sep 2023 - 06 Sep 2023
09%
Sep 2023 - 05 Sep 2023
09%
Sep 2023 - 04 Sep 2023
09%
Sep 2023 - 03 Sep 2023
09%
Sep 2023 - 02 Sep 2023
09%
Aug 2023 - 01 Sep 2023
09%
Jul 2023 - 31 Aug 2023
12%
Jun 2023 - 31 Jul 2023
13%
May 2023 - 30 Jun 2023
12%
Apr 2023 - 31 May 2023
12%
Mar 2023 - 30 Apr 2023
11%
Feb 2023 - 31 Mar 2023
11%
Jan 2023 - 28 Feb 2023
11%
Dec 2022 - 31 Jan 2023
11%
Dec 2022 - 31 Dec 2022
11%
Dec 2022 - 31 Dec 2022
11%
Nov 2022 - 31 Dec 2022
12%
Nov 2022 - 30 Nov 2022
12%
Nov 2022 - 30 Nov 2022
12%
Oct 2022 - 30 Nov 2022
11%
Oct 2022 - 31 Oct 2022
11%
Oct 2022 - 31 Oct 2022
11%
Sep 2022 - 31 Oct 2022
11%
Sep 2022 - 30 Sep 2022
11%
Sep 2022 - 30 Sep 2022
11%
Aug 2022 - 30 Sep 2022
11%
Aug 2022 - 31 Aug 2022
11%
Jul 2022 - 31 Aug 2022
11%
Jul 2022 - 31 Jul 2022
11%
Jul 2022 - 31 Jul 2022
11%
Jun 2022 - 31 Jul 2022
11%
Jun 2022 - 30 Jun 2022
11%
May 2022 - 30 Jun 2022
11%
May 2022 - 31 May 2022
11%
Apr 2022 - 31 May 2022
13%
Apr 2022 - 30 Apr 2022
13%
Mar 2022 - 30 Apr 2022
16%
Mar 2022 - 31 Mar 2022
16%
Feb 2022 - 31 Mar 2022
11%
Feb 2022 - 28 Feb 2022
11%
Jan 2022 - 28 Feb 2022
12%
Dec 2021 - 31 Jan 2022
12%
Nov 2021 - 31 Dec 2021
12%
Oct 2021 - 30 Nov 2021
12%
Sep 2021 - 31 Oct 2021
12%
Aug 2021 - 30 Sep 2021
12%
Jul 2021 - 31 Aug 2021
12%
Jun 2021 - 31 Jul 2021
12%
May 2021 - 30 Jun 2021
11%
Apr 2021 - 31 May 2021
11%
Mar 2021 - 30 Apr 2021
11%
Feb 2021 - 31 Mar 2021
11%
Jan 2021 - 28 Feb 2021
10%
Dec 2020 - 31 Jan 2021
11%
Nov 2020 - 31 Dec 2020
11%
Oct 2020 - 30 Nov 2020
11%
Sep 2020 - 31 Oct 2020
10%
Aug 2020 - 30 Sep 2020
10%
Jul 2020 - 31 Aug 2020
10%
Jun 2020 - 31 Jul 2020
11%
May 2020 - 30 Jun 2020
11%
Apr 2020 - 31 May 2020
10%
Mar 2020 - 30 Apr 2020
10%
Feb 2020 - 31 Mar 2020
09%
Jan 2020 - 29 Feb 2020
09%
Dec 2019 - 31 Jan 2020
09%
Nov 2019 - 31 Dec 2019
09%
Oct 2019 - 30 Nov 2019
09%
Expense ratio, exit load and taxExpense ratio: 0.09%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementAbhishek Iyer
Dec 2020 - Present
View details
Education
Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
Also manages these schemes
Mirae Asset Cash Management Fund Direct Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Arbitrage Fund Direct Growth
Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 Mirae Asset Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 26 Apr 2019. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,02,128 Cr and the Latest NAV as of 03 Dec 2023 is ₹1,201.34.
The Mirae Asset Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe 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 benchmarkNIFTY 1D Rate Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
Apr 2019
E-mail
[email protected]
Website
www.miraeassetmf.co.in
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Overnight Fund Direct Growth
VS
Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	6.7%	4.8%	4.5%
Category average	NA	6.5%	4.7%	NA
Rank with in category	NA	3	2	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	0.7%
Reserve Bank of India	Financial	T-Bills	0.3%
Reserve Bank of India	Financial	T-Bills	0.3%

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Date of Incorporation	26 Apr 2019

Fund benchmark	NIFTY 1D Rate Index

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Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	5
Fund size	₹1,439.99Cr

Mirae Asset Overnight Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (3)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.09%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Abhishek IyerDec 2020 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Abhishek Iyer
Dec 2020 - Present
View details