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Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW
★★★★★ monitor_heart Health Score: 61/100 · AverageMahindra Manulife Mutual Fund · Debt · Overnight Fund
₹1,247.8
AUM: ₹128 Cr
NAV updated 16 days ago
Plan
Regular
Option
Idcw
Risk
Low
Expense Ratio
0.15%
Exit Load
Nil
Fund Manager
Rahul Pal
Inception
Jul 2019
Benchmark
CRISIL Liquid Overnight Index
Sharpe Ratio
-8.04
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
+1.23%
6m
+2.5%
1y
+5.22%
3y
+3.25%
5y
+4.41%
10y
—
since inception
+3.19%
rate_review TopFund's Take on Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW
Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW sits in the middle of the pack for Overnight Fund funds, 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 61/100.
Cost: At 0.15%, the expense ratio is meaningfully cheaper — about 29% below the Overnight Fund category average of 0.21% (based on 62 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -8.04 — 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, 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.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW
The current NAV (Net Asset Value) of Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is ₹1247.8. NAV is updated every business day after market close by AMFI.
1Y: 5.22% · 3Y CAGR: 3.25% · 5Y CAGR: 4.41%
The expense ratio is 0.15% per annum — the annual fee deducted from your investment to cover fund management costs.
Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is managed by Rahul Pal at Mahindra Manulife Mutual Fund.
Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is a Low risk fund. Suitable for investors with a moderate risk appetite.
Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is a Overnight Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is ₹128 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.