Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 66/100 · Good
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)6.07%
- Expense ratio (20%)0.1%
- AUM (15%)₹77 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mahindra Mutual Fund · Debt · Overnight
₹1,426.55
AUM: ₹76 Cr
NAV updated 14 days ago
Plan
Direct
Option
Idcw
Risk
Low
Expense Ratio
0.1%
Exit Load
Nil
Fund Manager
Rahul Pal
Inception
Jul 2019
Benchmark
CRISIL Liquid Overnight Index
Sharpe Ratio
-7.76
Std Dev (1Y)
0.18%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.41%
3m
+1.27%
6m
+2.58%
1y
+5.26%
3y
+6.07%
5y
+5.71%
10y
—
since inception
+5.13%
TopFund's Take on Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW
Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW holds up reasonably well within the Overnight category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 66/100.
Cost: At 0.1%, the expense ratio is roughly in line with the Overnight category average of 0.11% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -7.76 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.18% is on the lower side for a Overnight fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW
The current NAV (Net Asset Value) of Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW is ₹1426.55. NAV is updated every business day after market close by AMFI.
1Y: 5.26% · 3Y CAGR: 6.07% · 5Y CAGR: 5.71%
The expense ratio of Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW is 0.1% per annum. This is the annual fee charged by the fund to manage your investment.
Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW is managed by Rahul Pal at Mahindra Mutual Fund.
Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW is classified as a Low risk fund. It is suitable for investors with a moderate risk appetite.
Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW is a Overnight fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mahindra Manulife Overnight Fund - Direct Plan - Daily IDCW is ₹77 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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