Mirae Asset Overnight Fund Direct Growth

Low Risk
Money Market
Overnight

NAV as on Mar 31, 2026

Price per unit of the scheme.

₹ 1,381.33310.02%1 Day Change

0.44%

Minimum Investment₹5000

Expense Ratio0.13%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

Mirae Asset Overnight Fund Direct Growth

Money Market: Overnight Average NAV

Topper in Money Market: Overnight

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

Mirae Asset Overnight Fund Direct Growth

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

Nifty 1D Rate TR INR

Expense Ratio

0.13%

Category Avg Expense Ratio

0.09%

Minimum Investment (Lumpsum/SIP)

₹ 5000 /₹ 1000

Lock In (Years)

No Lock-in

Fund Size

₹ 1,348.43 Cr(As on Jan, 2026)

Inception Date

Oct 15, 2019

Turnover

- %

Exit Load

Nil

Objective: The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Mirae Asset Overnight Fund Direct Growth is an Money Market - Overnight fund. The fund was launched inOct 15, 2019. Its risk level is . The NAV of the fund as onMar 31, 2026 is ₹1,381.33. Its expense ratio is 0.13 %. The fund has an AUM of ₹1,348.43 Cr.The fund is managed byAbhishek Iyer,Amit Modani,Krishnpal Yadav.
The minimum initial investment is ₹5000 in Lumpsum mode.

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FUND MANAGER

Abhishek Iyer

Lead Fund Manager.

Dec 28, 2020 - Present

Fund Manager Rank6Out of 31
i
Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
Schemes managed7
Total AUM₹ 47,641.41 Cr
Highest Return In 1 Yr6.72 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Cash Management Fund Direct Plan Growth

₹ 2,910.30

0.52%

0.41%

Low to Moderate Risk

₹12,122.11Cr

Mirae Asset Arbitrage Fund Direct Growth

₹ 14.19

0.60%

0.41%

Low Risk

₹3,638.66Cr

Mirae Asset Overnight Fund Direct Growth

₹ 1,381.33

0.44%

Low Risk

₹1,348.43Cr

Mirae Asset Cash Management Fund Direct Plan Growth

Low to Moderate Risk--

NAV₹ 2,910.30
Fund Size₹12,122.11Cr

Fund Return0.52%

Category Return0.41%

Mirae Asset Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 14.19
Fund Size₹3,638.66Cr

Fund Return0.60%

Category Return0.41%

Mirae Asset Overnight Fund Direct Growth

Low Risk--

NAV₹ 1,381.33
Fund Size₹1,348.43Cr

Fund Return0.44%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Amit Modani

Lead Fund Manager.

Feb 5, 2025 - Present

Fund Manager Rank6Out of 31
i
Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
Schemes managed13
Total AUM₹ 22,564.97 Cr
Highest Return In 1 Yr7.14 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Dynamic Bond Fund Direct Growth

₹ 18.45

0.30%

-1.14%

Moderate Risk

₹115.73Cr

Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

₹ 12.91

0.29%

Moderate Risk

₹530.20Cr

Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth

₹ 12.74

0.53%

Low to Moderate Risk

₹76.67Cr

Mirae Asset Dynamic Bond Fund Direct Growth

Moderate Risk

NAV₹ 18.45
Fund Size₹115.73Cr

Fund Return0.30%

Category Return-1.14%

Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Moderate Risk--

NAV₹ 12.91
Fund Size₹530.20Cr

Fund Return0.29%

Category Return--

Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth

Low to Moderate Risk--

NAV₹ 12.74
Fund Size₹76.67Cr

Fund Return0.53%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Krishnpal Yadav

Lead Fund Manager.

Sep 22, 2025 - Present

Fund Manager Rank6Out of 31
i
Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
Schemes managed2
Total AUM₹ 4,987.09 Cr
Highest Return In 1 Yr6.72 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Arbitrage Fund Direct Growth

₹ 14.19

0.60%

0.41%

Low Risk

₹3,638.66Cr

Mirae Asset Overnight Fund Direct Growth

₹ 1,381.33

0.44%

Low Risk

₹1,348.43Cr

Mirae Asset Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 14.19
Fund Size₹3,638.66Cr

Fund Return0.60%

Category Return0.41%

Mirae Asset Overnight Fund Direct Growth

Low Risk--

NAV₹ 1,381.33
Fund Size₹1,348.43Cr

Fund Return0.44%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Mar, 2026

EQUITY (-%)

DEBT (-%)

CASH (100.00%)

Allocation by Market Cap

No Data For Allocation

Industry Holdings

No Data For Allocation

Stock Holdings

No Data For Allocation

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
----
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
----

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
-0.11
This Fund
VS
--
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
11.22
This Fund
VS
--
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
0.55
This Fund
VS
--
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
-7.96
This Fund
VS
--
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
-3.20
This Fund
VS
--
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
0.18
This Fund
VS
--
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

Mirae Asset Investment Managers (India) Private Limited

Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 2,26,739.23 crores. It’s current offering of mutual fund schemes includes 23 equity, 14 debt and 13 hybrid schemes.

Phone

022-6780 0300

customercare@miraeasset.com

AUM

₹ 2,26,739.23 Cr (

As on Feb 28, 2026

)

Address

Unit No. 606, 6th Floor, Mumbai,400 098

FAQs

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

The category of Mirae Asset Overnight Fund Direct Growth is Money Market - Overnight

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

The current NAV of Mirae Asset Overnight Fund Direct Growth as on Mar 31, 2026 is ₹1,381.33

How safe is Mirae Asset Overnight Fund Direct Growth ?

The risk level of Mirae Asset Overnight Fund Direct Growth is Low.

What are short term returns given by Mirae Asset Overnight Fund Direct Growth ?

The return given by Mirae Asset Overnight Fund Direct Growth in 1 month is 0.44%, 3 months is 1.26%, 6 months is 2.63%, and 1 year is 5.50%

What are the long term returns given by Mirae Asset Overnight Fund Direct Growth ?

The return given by Mirae Asset Overnight Fund Direct Growth in 3 years is 6.32% and 5 years is 5.55%.

What is the expense ratio of Mirae Asset Overnight Fund Direct Growth ?

The expense ratio of Mirae Asset Overnight Fund Direct Growth is 0.13%

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

The assets under Management (AUM) of Mirae Asset Overnight Fund Direct Growth is Rs 1,348.43 crores.

What is the minimum investment in Mirae Asset Overnight Fund Direct Growth ?

The minimum Lumpsum investment in Mirae Asset Overnight Fund Direct Growth is ₹5,000.00 and the minimum SIP investment in Mirae Asset Overnight Fund Direct Growth is ₹1,000.00

What is the asset allocation of Mirae Asset Overnight Fund Direct Growth?

Mirae Asset Overnight Fund Direct Growth has an exposure of 100.00% in Cash & Money Market Securities