Mirae Asset Overnight Fund

(An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.)

About the fund

Who said money can’t grow overnight?

Mirae Asset Overnight Fund lets your money work hard, while you sleep & aims to deliver potential returns in a short period of time. Sometimes, even as soon as one day.

Why you should invest?

High Liquidity (T+1 Redemptions with no exit load)

No Mark to Market Risk

Fund facts

Type

An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.

fund manager

Mr. Amit Modani

allotment date

15th October, 2019

benchmark index

NIFTY 1D Rate Index

minimum investment amount

₹ 5000/- and in multiples of ₹ 1/- thereafter

exit load

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expense ratio

Regular Plan: 0.18%
Direct Plan: 0.10%

plans available

Regular Plan and Direct Plan

options available

Growth Option and IDCW (Payout / Reinvestment)

Taxation

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Plan-Option	ISIN
Direct Plan - Growth-Growth	INF769K01FG6
Direct Plan - Daily IDCW*-Reinvestment	INF769K01FJ0
Direct Plan - Weekly IDCW*-Reinvestment	INF769K01FK8
Direct Plan - Monthly IDCW*-Payout	INF769K01FF8
Direct Plan - Monthly IDCW*-Reinvestment	INF769K01FI2
Daily IDCW*-Reinvestment	INF769K01FL6
Weekly IDCW*-Reinvestment	INF769K01FM4
Monthly IDCW*-Payout	INF769K01FD3
Monthly IDCW*-Reinvestment	INF769K01FH4
Growth - Plan-Growth	INF769K01FE1

*Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021.

Ideal Investment Horizon

Recommended Investment Horizon

1 day to 1 week

Risk Profile

Low

Suitable Investment

Savings

Net asset value

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For Historic NAV Click here

To Subscribe NAV, Click here

Dividend

Record date	Div. Ind (₹)	Div. Corp (₹)	Cum Nav (₹)
25-Oct-2022	4.6484	4.6484	1,004.6485
24-Nov-2022	4.7186	4.7186	1,004.7186
26-Dec-2022	5.2436	5.2436	1,005.2436
24-Jan-2023	4.8097	4.8097	1,004.8097

For Historic Dividend Click here

INVESTMENT FRAMEWORK

Mirae Asset Overnight Fund invests in securities with a maturity of 1 business day. And hence it seeks to offer low risk and high liquidity with a decent returns potential.