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.
Mirae Asset Overnight Fund Regular 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: 71/100 · Good
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)6.1%
- Expense ratio (20%)0.09%
- AUM (15%)₹1,727 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Debt · Overnight
₹1,413.66
AUM: ₹1,727 Cr
NAV updated 14 days ago
Plan
Regular
Option
Idcw
Risk
Low
Expense Ratio
0.09%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Oct 2019
Benchmark
NIFTY 1D Rate Index
Std Dev (1Y)
0.0%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.42%
3m
+1.28%
6m
+2.6%
1y
+5.29%
3y
+6.1%
5y
+5.73%
10y
—
since inception
+0.0%
TopFund's Take on Mirae Asset Overnight Fund Regular Daily IDCW
Mirae Asset Overnight Fund Regular 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 71/100.
Cost: At 0.09%, the expense ratio is meaningfully cheaper — about 18% below the Overnight category average of 0.11% (based on 208 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Risk-adjusted return metrics (Sharpe ratio, standard deviation) require at least a year of NAV history and aren't available yet for this fund.
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 Mirae Asset Overnight Fund Regular Daily IDCW
The current NAV (Net Asset Value) of Mirae Asset Overnight Fund Regular Daily IDCW is ₹1413.66. NAV is updated every business day after market close by AMFI.
1Y: 5.29% · 3Y CAGR: 6.1% · 5Y CAGR: 5.73%
The expense ratio of Mirae Asset Overnight Fund Regular Daily IDCW is 0.09% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Overnight Fund Regular Daily IDCW is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Overnight Fund Regular Daily IDCW is classified as a Low risk fund. It is suitable for investors with a moderate risk appetite.
Mirae Asset Overnight Fund Regular Daily IDCW is a Overnight fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Overnight Fund Regular 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 Mirae Asset Overnight Fund Regular Daily IDCW is ₹1,727 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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