DEBT•OVERNIGHT FUND
Mirae Asset Overnight Fund
3 Year return
6.15%
NAV on August 09, 2026
1406.6942
1D Returns
+0.19%
Launched on October 2019(7 years)
Investment Details
₹99
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
10.08%₹363
Total Value ₹3,963
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹1,129.64 Cr.
Expense Ratio
0.09% (inclusive of GST)
Exit Load
Nil
Ratings
3.5
Ratings by other agencies
Value Research
5
Crisil
0
Morning Star
0
Tax Implications
Tax on gains as per your income tax bracket
Mirae Asset Mutual Fund Manager
AI
Abhishek Iyer
Fund Manager since Apr 2025
KY
Krishnpal Yadav
Fund Manager since Sep 2025
Fund House Details
Mirae Asset Mutual Fund
Asset management company
AUM
₹2,32,231.51 Cr.
No. of Schemes
163
Setup Date
November 2007
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Bank of India Overnight Fund | 6.2744% | 0 |
| Axis Overnight Fund | 6.1692% | 5 |
| Nippon India Overnight Fund | 6.1545% | 4 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment12.2387%
Mirae Asset Overnight Fund Direct Plan Growth is a debt fund scheme managed by Mirae Asset Mutual Fund. It is a low-risk fund that invests in overnight securities. Overnight securities are debt instruments that have a maturity of less than one day. The fund aims to generate regular income for investors by investing in fixed-income securities. Mirae Asset Overnight Fund Direct Plan Growth is an open-ended fund. This means that investors can buy and sell units of the fund in the secondary market at any time. The expense ratio of the fund is lower than the category average.
Investment Objectives of the Scheme
The investment objective of Mirae Asset Overnight Fund Direct Plan Growth is to generate regular income for investors by investing in overnight securities.
Key Features of The Fund
5-year return
5.6895%
Expense Ratio
0.09%
Fund Manager
Abhishek Iyer
Fund Size
₹1129.64 Cr.
Risk Profile
Low
Is This Scheme Right for Me?
This fund is suitable for investors who are looking for regular income and have a low risk appetite. The fund's investment in overnight securities makes it a relatively safe asset class, but it also has the potential for lower returns. Therefore, consult your financial advisor before making an investment decision.
AMC Contact Details
| Name | Mirae Asset Mutual Fund |
| Launch Date | November 2007 |
| Address | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
| Contact | 1800-2090-777 |
| customercare@miraeasset.com | |
| Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Explore Tax-Saving Investment Advantages With SIPs
You can deduct ₹1.5 lakh from your taxable income by investing in an Equity Linked Savings Scheme (ELSS) through SIP, as allowed by Section 80(C) of the Income Tax Act, 1961. With a SIP in ELSS, individuals whose income is in the highest tax bracket (30%) can save about ₹45,000 annually. Plan tax-efficient investments and estimate possible returns utilising systematic investment plan calculator.
FAQs
What is today's NAV of Mirae Asset Overnight Fund?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Overnight Fund on August 09, 2026, is ₹1406.6942
What is the AUM of Mirae Asset Overnight Fund?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Overnight Fund, is ₹1129.64 crore.
What is the expense ratio of Mirae Asset Overnight Fund?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Mirae Asset Overnight Fund is 0.09%
What are the returns of Mirae Asset Overnight Fund since inception?
The Mirae Asset Overnight Fund was launched on October 15, 2019. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Mirae Asset Overnight Fund?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Overnight Fund is ₹99.
How do I invest in Mirae Asset Overnight Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Overnight Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Overnight Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Overnight Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹3,963 in 3Y at 6.1508% returns
SIP Date1st of every month
Your next SIP Payment will be on 10 September 2026
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