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Mahindra Manulife Overnight Fund

An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk

Type : Mutual Fund

Asset Class : Debt

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Fund Summary
Min Investment 1000
Min SIP 0
Lock InNo
Exit LoadNIL

Mahindra Manulife Overnight Fund

Investors Understands that their principal will be at risk

  • Scheme Overview
  • Scheme Documents and Forms

Investment Objective:

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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


Convenient 1 Day Investments

  • By investing in Overnight Securities the scheme endeavours to generate relatively stable return
  • No exit load for any investment period

Quality Portfolio

Will invest in debt &money market instruments with

  • Low risk
  • Low volatility

Ease Of Redemption

  • Redemption on T+1 basis under normal circumstances^

^ As per the SEBI (Mutual Funds) Regulations, 1996, the redemption or repurchase proceeds shall be dispatched within 10 working days from the date of redemption or repurchase

Potential Risk Classification (PRC)
Fund Performance:
Mahindra Manulife Overnight Fund Simple Annualised Returns(%) CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Aug 31, 2023)
Managed by 7 Days 15 Days 30 Days 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Regular Plan - Growth Option 6.55 6.54 6.42 6.27 4.34 N/A 4.27 10,627 11,361 N/A 11,873 1,187.3294
Direct Plan - Growth Option 6.65 6.64 6.52 6.38 4.45 N/A 4.37 10,638 11,395 N/A 11,923 1,192.2831
CRISIL Overnight Fund AI Index^ 6.73 6.72 6.56 6.44 4.50 N/A 4.42 10,644 11,411 N/A 11,945 3,115.73
Crisil 1 Yr T-Bill Index^^ 8.41 5.50 5.66 6.39 4.49 N/A 5.13 10,639 11,408 N/A 12,281 6,813.44

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-Jul-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr Amit Garg is managing the scheme since June 8, 2020.

Note : Mahindra Manulife Overnight Fund: With effect from April 3, 2023 the benchmark of Mahindra Manulife Overnight Fund has been changed to CRISIL Liquid Overnight Index

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    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.