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Invest in Mahindra Manulife Overnight Fund for low-risk, high liquidity returns. Get latest NAV ₹1343.05, AUM ₹100.84 Cr, expense ratio 0.19%. Start SIP from ₹500 on Allvest.

Investment Objective and Approach

The primary objective of the Scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo.

The fund follows a conservative investment strategy focused on:

- Overnight Securities: Investments primarily in securities with 1-day maturity

- TREPS: Utilizes Tri-Party Repo system for secure transactions

- Reverse Repo: Government-backed short-term instruments

- Low Risk Profile: Designed for capital preservation with modest returns

- High Liquidity: They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

Fund Managers

Amit Garg - With an experience of over 17 years, Mr Amit Garg has been working in the Fixed Income field successfully. Prior to joining Mahindra Manulife Mutual Funds, he was associated with Daiwa Asset Management (India) Pvt. Ltd. and Darashaw & Co. Private Limited. He has done MMS in Finance and is also a Chartered Financial Analyst (CFA). Mr Garg manages the following funds Mahindra Manulife Ultra Short Term Fund, Mahindra Manulife Liquid Fund, and Mahindra Manulife Overnight Fund.

He brings extensive expertise in fixed income securities management and has been responsible for the fund's strategic direction in maintaining optimal liquidity while ensuring minimal risk exposure.

About the Fund House (AMC)

Mahindra Manulife Investment Management Pvt. Ltd. is a joint venture between two established financial entities:

- Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. joined hands together to bring Mahindra Manulife Mutual Funds into the Indian mutual fund market.

- MMIMPL was incorporated on 20th June 2013 under the Companies Act, 1956. It is the Investment Manager of Mahindra Manulife Mutual Fund, offering a wide variety of investment solutions across India.

- Mahindra & Mahindra Financial Services Limited and Manulife Investment Management together bring a perfect blend of global wealth and asset management skills.

Fund House Statistics:

- According to the latest available financial data, Mahindra Manulife Mutual Funds has an AUM of over Rs 19091.98 crore (as on Mar 2024).

- Mahindra Manulife Mutual Fund offers a range of 24 fund across different risk-return profiles.

- The AMC operates across India with a customer-centric approach and focuses on delivering value through professionally managed investment solutions.

Key Leadership: The company is led by its CEO Anthony Heredia.

Fund Launch and Performance:

- This fund has been launched on 22-07-2019.

- Mahindra Manulife Overnight Fund - Regular Plan - Growth has an Asset Under Management (AUM) of 100.84 as on 2025-08-25.

- The fund has an expense ratio of 0.19, which is quite reasonable as compared to most other debt mutual fund schemes.

- The 1-year, 3-year and 5-year returns of this fund were 6.13, 6.35 and 5.15 respectively.

- The minimum investment required to start investing in Mahindra Manulife Overnight Fund - Regular Plan is ₹1,000 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

Should I Invest in Mahindra Manulife Overnight Fund?

Suitable For:

- Emergency fund parking with better returns than savings account

- Short-term surplus cash management

- Conservative investors seeking capital preservation

- Those requiring high liquidity for unexpected expenses

- Portfolio diversification with minimal risk component

Key Benefits:

- Low Risk: The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

- High Liquidity: Ideal for funds needed within days to a year

- Reasonable Expense Ratio: At 0.19%, cost-effective for debt fund category

- Professional Management: Experienced fixed income fund manager

- Regulatory Compliance: SEBI-regulated offering structural robustness

Considerations:

- Remember, these funds are geared to deliver only marginally higher returns than your bank account.

- Returns are modest compared to other mutual fund categories

- Interest rate movements can affect short-term performance

- Not suitable for long-term wealth creation goals

Investment Strategy:

The fund is ideal for investors who prioritize capital safety over high returns and need immediate access to their money. It serves as an excellent alternative to traditional savings accounts for parking surplus funds temporarily.

FAQs

What is today's NAV of Mahindra Manulife Overnight Fund?

NAV ₹ 1343.05 25 Aug. 2025

What is the AUM of Mahindra Manulife Overnight Fund?

Mahindra Manulife Overnight Fund - Regular Plan - Growth has an Asset Under Management (AUM) of 100.84 as on 2025-08-25.

What is the expense ratio of Mahindra Manulife Overnight Fund?

The fund has an expense ratio of 0.19, which is quite reasonable as compared to most other debt mutual fund schemes.

What are the returns of Mahindra Manulife Overnight Fund since inception?

The 1-year, 3-year and 5-year returns of this fund were 6.13, 6.35 and 5.15 respectively.

What is the minimum SIP amount to invest in Mahindra Manulife Overnight Fund?

The minimum investment required to start investing in Mahindra Manulife Overnight Fund - Regular Plan is ₹1,000 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

How do I invest in Mahindra Manulife Overnight Fund?

You can invest through Allvest's platform online by completing KYC, selecting the fund, choosing SIP or lump sum option, and making payment via various methods including UPI and net banking.

How to start a SIP in Mahindra Manulife Overnight Fund?

Visit Allvest, complete registration, select Mahindra Manulife Overnight Fund, choose 'Start SIP' option, set your monthly amount (minimum ₹500), and set up auto-debit for hassle-free investing.

How do I automate an SIP in Mahindra Manulife Overnight Fund?

After setting up SIP on Allvest, you can automate payments through bank mandate or UPI auto-pay, ensuring your investments continue automatically every month without manual intervention.

How can I withdraw/redeem my investment in Mahindra Manulife Overnight Fund?

Log into your Allvest account, go to your portfolio, select the fund, choose 'Redeem', specify the amount or units, and submit. The redemption amount will be credited to your registered bank account within 1-2 working days.