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mahindra manulife overnight fund direct growth
Mahindra Manulife Overnight Fund Direct Growth

Mahindra Manulife Overnight Fund Direct Growth

  • Low Risk
  • Money Market
  • Overnight
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NAV as on Aug 17, 2025
i
Price per unit of the scheme.
₹ 1,349.75540.02%1 Day Change
0.45%
Minimum Investment₹1000
Expense Ratio0.09%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
*Morningstar Rating Methodologyi
i

RISK-O-METER

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

bt_logoFUND PERFORMANCE

As On Aug 17, 2025
Compare fund’s performance against category average across different time periods
1M3M6M1Y3Y5Y
14Out of 33 funds in the category
Category Avg Return
0.45%
Fund Return 0.45%
Low0.45%High
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
Mahindra Manulife Overnight Fund Direct Growth
VS
Money Market: Overnight Average NAV
    Topper in Money Market: Overnight
    JM Overnight Fund Direct Growth
    All Fund
    *For the other fund, rescaled NAVs are used
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    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    Mahindra Manulife Overnight Fund Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹3,60,000
    • Return
      ₹34,963
    • Current Value
      ₹3,94,963

    bt_logoFUND SUMMARY

    Benchmark
    CRISIL Liquid Overnight TR INR
    Expense Ratio
    0.09%
    Category Avg Expense Ratio
    0.09%
    Minimum Investment (Lumpsum/SIP)
    ₹ 1000 /₹ 500
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 247.16 Cr(As on May, 2025)
    Inception Date
    Jul 24, 2019
    Turnover
    - %
    Exit Load
    Nil

    bt_logoABOUT THE FUND

    Objective: The primary objective of the Scheme is to seek 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 including TREPS (Tri-Party Repo) and Reverse Repo. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

    Mahindra Manulife Overnight Fund Direct Growth is an Money Market - Overnight fund. The fund was launched inJul 24, 2019. Its risk level is . The NAV of the fund as onAug 17, 2025 is ₹1,349.76. Its expense ratio is 0.09 %. The fund has an AUM of ₹247.16 Cr.The fund is managed byRahul Pal,Amit Garg.
    The minimum initial investment is  ₹1000 in Lumpsum mode.

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    bt_logoFUND MANAGER

    Rahul Pal
    Rahul Pal
    i
    Lead Fund Manager.
    Jul 24, 2019 - Present
    • Fund Manager Rank11Out of 28
      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 managed10
    • Total AUM₹ 5,689.16 Cr
    • Highest Return In 1 Yr9.01 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    ₹ 1,421.42
    0.47%
    0.40%
    Moderate Risk
    ₹206.76Cr
    Mahindra Manulife Short Duration Fund Direct Growth
    --
    ₹ 13.42
    0.39%
    0.24%
    Moderate Risk
    ₹90.20Cr
    Mahindra Manulife Liquid Fund Direct Plan Growth
    --
    ₹ 1,730.45
    0.47%
    0.43%
    Low to Moderate Risk
    ₹1,017.83Cr
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    Moderate Risk
    • NAV₹ 1,421.42
    • Fund Size₹206.76Cr
    Fund Return0.47%
    Category Return0.40%
    Mahindra Manulife Short Duration Fund Direct Growth
    Moderate Risk--
    • NAV₹ 13.42
    • Fund Size₹90.20Cr
    Fund Return0.39%
    Category Return0.24%
    Mahindra Manulife Liquid Fund Direct Plan Growth
    Low to Moderate Risk--
    • NAV₹ 1,730.45
    • Fund Size₹1,017.83Cr
    Fund Return0.47%
    Category Return0.43%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Amit Garg
    Amit Garg
    i
    Lead Fund Manager.
    Jun 8, 2020 - Present
    • Schemes managed5
    • Total AUM₹ 3,301.85 Cr
    • Highest Return In 1 Yr17.27 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    ₹ 1,421.42
    0.47%
    0.40%
    Moderate Risk
    ₹206.76Cr
    Mahindra Manulife Liquid Fund Direct Plan Growth
    --
    ₹ 1,730.45
    0.47%
    0.43%
    Low to Moderate Risk
    ₹1,017.83Cr
    Mahindra Manulife Overnight Fund Direct Growth
    --
    ₹ 1,349.76
    0.45%
    -%
    Low Risk
    ₹247.16Cr
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    Moderate Risk
    • NAV₹ 1,421.42
    • Fund Size₹206.76Cr
    Fund Return0.47%
    Category Return0.40%
    Mahindra Manulife Liquid Fund Direct Plan Growth
    Low to Moderate Risk--
    • NAV₹ 1,730.45
    • Fund Size₹1,017.83Cr
    Fund Return0.47%
    Category Return0.43%
    Mahindra Manulife Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,349.76
    • Fund Size₹247.16Cr
    Fund Return0.45%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on Jul, 2025
    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

    bt_logoPERFORMANCE 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.
      ----

    bt_logoHISTORICAL 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.
      -0.27
      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.
      3.65
      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.
      0.04
      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.
      -18.39
      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.
      -3.41
      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.
      0.14
      This Fund
      VS
      --
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    JM Overnight Fund Direct GrowthJM Overnight Fund Direct Growth
    --
    ₹ 1,255.94
    0.52%
    --
    Low Risk
    ₹ 200.81 Cr
    Bank of India Overnight Fund Direct GrowthBank of India Overnight Fund Direct Growth
    --
    ₹ 1,323.66
    0.47%
    --
    Low Risk
    ₹ 52.81 Cr
    Quant Overnight Fund Direct GrowthQuant Overnight Fund Direct Growth
    --
    ₹ 11.94
    0.46%
    --
    Low Risk
    ₹ 204.38 Cr
    Mirae Asset Overnight Fund Direct GrowthMirae Asset Overnight Fund Direct Growth
    --
    ₹ 1,337.25
    0.46%
    --
    Low Risk
    ₹ 825.05 Cr
    Tata Overnight Fund Direct GrowthTata Overnight Fund Direct Growth
    --
    ₹ 1,376.28
    0.46%
    --
    Low Risk
    ₹ 3,941.49 Cr
    Franklin India Overnight Fund Direct GrowthFranklin India Overnight Fund Direct Growth
    --
    ₹ 1,359.74
    0.46%
    --
    Low Risk
    ₹ 532.23 Cr
    JM Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,255.94
    • Fund Size₹ 200.81 Cr
    Fund Return0.52%
    Category Return--
    Bank of India Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,323.66
    • Fund Size₹ 52.81 Cr
    Fund Return0.47%
    Category Return--
    Quant Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 11.94
    • Fund Size₹ 204.38 Cr
    Fund Return0.46%
    Category Return--
    Mirae Asset Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,337.25
    • Fund Size₹ 825.05 Cr
    Fund Return0.46%
    Category Return--
    Tata Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,376.28
    • Fund Size₹ 3,941.49 Cr
    Fund Return0.46%
    Category Return--
    Franklin India Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,359.74
    • Fund Size₹ 532.23 Cr
    Fund Return0.46%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Mahindra Manulife Asia Pacific REITs FOF Direct GrowthMahindra Manulife Asia Pacific REITs FOF Direct Growth
    --
    ₹ 10.04
    5.31%
    --
    Very High Risk
    ₹ 32.41 Cr
    Mahindra Manulife Arbitrage Fund Direct GrowthMahindra Manulife Arbitrage Fund Direct Growth
    --
    ₹ 12.93
    0.55%
    0.55%
    Low Risk
    ₹ 89.92 Cr
    Mahindra Manulife Low Duration Fund Direct GrowthMahindra Manulife Low Duration Fund Direct Growth
    ₹ 1,770.74
    0.50%
    0.38%
    Moderate Risk
    ₹ 637.63 Cr
    Mahindra Manulife Liquid Fund Direct Plan GrowthMahindra Manulife Liquid Fund Direct Plan Growth
    --
    ₹ 1,730.45
    0.47%
    0.43%
    Low to Moderate Risk
    ₹ 1,017.83 Cr
    Mahindra Manulife Ultra Short Duration Fund Direct GrowthMahindra Manulife Ultra Short Duration Fund Direct Growth
    ₹ 1,421.42
    0.47%
    0.40%
    Moderate Risk
    ₹ 206.76 Cr
    Mahindra Manulife Overnight Fund Direct GrowthMahindra Manulife Overnight Fund Direct Growth
    --
    ₹ 1,349.76
    0.45%
    --
    Low Risk
    ₹ 247.16 Cr
    Mahindra Manulife Asia Pacific REITs FOF Direct Growth
    Very High Risk--
    • NAV₹ 10.04
    • Fund Size₹ 32.41 Cr
    1 Month Return5.31%
    Category Return--
    Mahindra Manulife Arbitrage Fund Direct Growth
    Low Risk--
    • NAV₹ 12.93
    • Fund Size₹ 89.92 Cr
    1 Month Return0.55%
    Category Return0.55%
    Mahindra Manulife Low Duration Fund Direct Growth
    Moderate Risk
    • NAV₹ 1,770.74
    • Fund Size₹ 637.63 Cr
    1 Month Return0.50%
    Category Return0.38%
    Mahindra Manulife Liquid Fund Direct Plan Growth
    Low to Moderate Risk--
    • NAV₹ 1,730.45
    • Fund Size₹ 1,017.83 Cr
    1 Month Return0.47%
    Category Return0.43%
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    Moderate Risk
    • NAV₹ 1,421.42
    • Fund Size₹ 206.76 Cr
    1 Month Return0.47%
    Category Return0.40%
    Mahindra Manulife Overnight Fund Direct Growth
    Low Risk--
    • NAV₹ 1,349.76
    • Fund Size₹ 247.16 Cr
    1 Month Return0.45%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    Mahindra Manulife Investment Management Pvt. Ltd.
    Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth ₹ 31,502.25 crores. It’s current offering of mutual fund schemes includes 14 equity, 4 debt and 4 hybrid schemes.
    phone icon
    Phone
    022-66327900
    mail icon
    Email
    mfinvestors@mahindra.com
    aum
    AUM
    ₹ 31,502.25 Cr (
    As on Jun 30, 2025
    )
    location
    Address
    570 P. B. Marg, Worli, Mumbai 400018 Mumbai,400018

    bt_logoFAQ's

    What is the category of Mahindra Manulife Overnight Fund Direct Growth ?
    The category of Mahindra Manulife Overnight Fund Direct Growth is Money Market - Overnight
    What is the current NAV of Mahindra Manulife Overnight Fund Direct Growth ?
    The current NAV of Mahindra Manulife Overnight Fund Direct Growth as on Aug 17, 2025 is ₹1,349.76
    How safe is Mahindra Manulife Overnight Fund Direct Growth ?
    The risk level of Mahindra Manulife Overnight Fund Direct Growth is Low.
    What are short term returns given by Mahindra Manulife Overnight Fund Direct Growth ?
    The return given by Mahindra Manulife Overnight Fund Direct Growth in 1 month is 0.45%, 3 months is 1.36%, 6 months is 2.87%, and 1 year is 6.25%
    What are the long term returns given by Mahindra Manulife Overnight Fund Direct Growth ?
    The return given by Mahindra Manulife Overnight Fund Direct Growth in 3 years is 6.46% and 5 years is 5.25%.
    What is the expense ratio of Mahindra Manulife Overnight Fund Direct Growth ?
    The expense ratio of Mahindra Manulife Overnight Fund Direct Growth is 0.09%
    What is the AUM of Mahindra Manulife Overnight Fund Direct Growth ?
    The assets under Management (AUM) of Mahindra Manulife Overnight Fund Direct Growth is Rs 247.16 crores.
    What is the minimum investment in Mahindra Manulife Overnight Fund Direct Growth ?
    The minimum Lumpsum investment in Mahindra Manulife Overnight Fund Direct Growth is ₹1,000.00 and the minimum SIP investment in Mahindra Manulife Overnight Fund Direct Growth is ₹500.00
    What is the asset allocation of Mahindra Manulife Overnight Fund Direct Growth?
    Mahindra Manulife Overnight Fund Direct Growth has an exposure of 100.00% in Cash & Money Market Securities

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