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Mirae Asset Mutual Fund logo
DEBT•OVERNIGHT FUND

Mirae Asset Overnight Fund

3 Year return

6.45%
NAV on December 12, 2025
1360.1879
1D Returns
+0.19%
Launched on October 2019(6 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
10.58%₹381
Total Value ₹3,981

Risk Involved

scale
Your principal will be at
Very High Risk

Scheme Information

Asset Under Management
₹3,065 Cr.
Expense Ratio
0.08% (inclusive of GST)
Exit Load
Nil

Ratings

ARQ Rating
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 Dec 2020

KY

Krishnpal Yadav

Fund Manager since Sep 2025

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund

Asset management company

AUM
₹2,15,433.54 Cr.
No. of Schemes
152
Setup Date
November 2007

Peer Comparison

Comparison with other similar funds

Funds3 Y ReturnsARQ Rating
Bank of India Overnight Fund6.5146%
0
Axis Overnight Fund6.4594%
5
HSBC Overnight Fund6.4331%
2

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds
3 Years Returns
Mirae Asset Mutual Fund logo

Hybrid . Aggressive Hybrid Fund

Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
14.4228%
Mirae Asset Mutual Fund logo

Hybrid . Aggressive Hybrid Fund

Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
14.2436%
Mirae Asset Mutual Fund logo

Hybrid . Aggressive Hybrid Fund

Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
14.2436%
Mirae Asset Mutual Fund logo

Hybrid . Arbitrage Fund

Mirae Asset Arbitrage Fund Direct Growth
7.7553%
Mirae Asset Mutual Fund logo

Hybrid . Arbitrage Fund

Mirae Asset Arbitrage Fund Direct IDCW Payout
7.7296%

About Mirae Asset Overnight Fund Direct Plan Growth

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
5.4226%
Expense Ratio
0.08%
Fund Manager
Abhishek Iyer
Fund Size
₹3065 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

NameMirae Asset Mutual Fund
Launch DateNovember 2007
AddressUnit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact1800-2090-777
Emailcustomercare@miraeasset.com
Websitehttps://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

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 December 12, 2025, is ₹1360.1879
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 ₹3065 crore.
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 0.08%
The Mirae Asset Overnight Fund was launched on October 15, 2019. The fund has delivered a CAGR of undefined since inception.
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 ₹undefined.
  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.
  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.
  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.
  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.

ENTER AMOUNT

₹
₹3,981 in 3Y at 6.4461% returns
SIP Date1st of every month

Your next SIP Payment will be on 13 January 2026

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