Investment Objective and Approach

The scheme seeks 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. Mirae Asset Overnight Fund invests in securities with a maturity of 1 business day. And hence it seeks to offer low risk and high liquidity with a decent returns potential.

This overnight fund follows a conservative investment approach by:

- Investing exclusively in overnight securities with 1-day maturity

- Maintaining relatively low interest rate risk and relatively low credit risk

- Focusing on capital preservation while providing marginally higher returns than savings accounts

- Offering high liquidity with T+1 redemptions and no exit load

The fund is ideal for parking idle cash and emergency funds, providing better returns than traditional bank accounts while maintaining almost negligible risk levels.

Fund Managers

Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Overnight Fund Direct Growth fund. The fund also has Mr. Amit Modani as part of the management team.

Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. The fund managers bring extensive experience in debt fund management and fixed-income securities.

About the Fund House (AMC)

Mirae Asset was founded in 1997. Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea. Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

Key Highlights of Mirae Asset Mutual Fund:

- Part of South Korea-based Mirae Asset Financial Group

- Strong presence across Asian markets

- Focus on innovative investment solutions

- Comprehensive range of mutual fund schemes across categories

- Strong research-driven investment approach

The AMC has established itself as a trusted name in the Indian mutual fund industry with a diverse product portfolio catering to various investor needs.

Should I Invest in Mirae Asset Overnight Fund?

Consider investing if you:

- Have surplus cash lying idle in savings accounts

- Need emergency fund parking with better returns than bank deposits

- Require high liquidity for short-term financial goals

- Want extremely low-risk investment options

- Need T+1 redemption facility for quick access to funds

Key Advantages:

- Overnight funds invest in bonds having a maturity of just one day. 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.

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

- No exit load charges

- Low expense ratio

- Professional fund management

Important Considerations:

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

- Returns may not beat inflation significantly

- Capital is not guaranteed despite low risk

- Suitable only for short-term parking of funds

FAQs

What is today's NAV of Mirae Asset Overnight Fund?

The latest declared NAV of Mirae Asset Overnight Fund - Regular Plan, is ₹1,330.2030 as of 19-Aug-2025. The NAV changes daily based on the underlying portfolio value.

What is the AUM of Mirae Asset Overnight Fund?

Mirae Asset Overnight Fund Regular Plan Growth has an Asset Under Management (AUM) of 855.31 as on 2025-08-18. The fund size indicates investor confidence in the scheme.

What is the expense ratio of Mirae Asset Overnight Fund?

The fund has an expense ratio of 0.16, which is quite reasonable as compared to most other debt mutual fund schemes.

What are the returns of Mirae Asset Overnight Fund since inception?

It has delivered 4.9% average annual returns since the fund was launched. This fund has been launched on 15-10-2019.

What is the minimum SIP amount to invest in Mirae Asset Overnight Fund?

The minimum investment required to start investing in Mirae Asset Overnight Fund - Regular Plan is ₹5,000 for the lump sum option and ₹99 for the SIP (Systematic Investment Plan) option.

How do I invest in Mirae Asset Overnight Fund?

You can invest through Allvest platform online, directly through Mirae Asset's website, or through registered mutual fund distributors and banks.

How to start a SIP in Mirae Asset Overnight Fund?

Visit Allvest's investment platform, select Mirae Asset Overnight Fund, choose SIP option, set your monthly investment amount (minimum ₹99), and complete the KYC process.

How do I automate an SIP in Mirae Asset Overnight Fund?

Through Allvest, you can set up automated SIPs with bank mandate registration for seamless monthly investments without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset Overnight Fund?

You can redeem through Allvest platform or the fund house website. The fund offers T+1 settlement with no exit load charges.