MAHINDRA MANULIFE OVERNIGHT FUND
(An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.)
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| Data as on 30th September 2026 |
Product Suitability: This product is suitable for investors who are seeking*:
• To generate reasonable returns with high levels of safety and convenience of liquidity over short term.
• To invest in debt and money market instruments having maturity of upto 1 business day.
Scheme Riskometer*
Scheme Benchmark Riskometer*
As per AMFI Tier I Benchmark i.e. CRISIL Liquid Overnight Index
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Fund Details| Date of Inception / Allotment | : July 23, 2019 |
| Benchmark Name | : CRISIL Liquid Overnight Index |
| NAV as on September 30, 2026: |
| NAV/Unit | Regular Plan (In Rs.) | Direct Plan (In Rs.) |
| Daily IDCW | 1258.8017 | 1433.2147 |
| Growth | 1419.3309 | 1429.6880 |
IDCW History : Click Here
AUM as on September 30, 2026:
| Monthly AUM | : Rs 72.95 crores |
| Monthly AAUM | : Rs 112.60 crores |
| Quarterly AAUM | : Rs 146.76 crores |
Fund Manager Details|
Name of Fund Manager: Mr. Rahul Pal | |
| Total Experience | : 24 years |
| Managing Since | : 23-Jul-19 |
| Mr.Amit Garg | |
| Total Experience | : 21 years |
| Managing Since | : 08-Jun-20 |
Minimum Investment
Minimum Application Amount:
Rs. 1,000/- and
in multiples of Re.1/- thereafter
Minimum Additional Purchase Amount:
Rs. 1,000/- or
1 unit or account balance, whichever is lower
Minimum Repurchase / Redemption Amount:
Rs. 1,000/- and
in multiples of Re. 0.01/- thereafter.
Load Structure
Exit Load:
- Nil.
Expense Ratio
Base Expense Ratio1
as on September 30, 2026:
Regular Plan : 0.14%
Direct Plan : 0.06%
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
| Compounded Annualised Returns | Scheme Returns % (Regular) | Scheme Returns % (Direct) | Benchmark Returns % |
| Returns for the last 1 year | 5.13 | 5.24 | 5.24 |
| Returns for the last 3 years | 5.94 | 6.04 | 6.06 |
| Returns for the last 5 years | 5.62 | 5.73 | 5.76 |
| Returns since Inception | 4.99 | 5.09 | 5.13 |
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. Mr. Amit Garg is managing the scheme since June 8, 2020.
Company / Issuer |
Net Assets |
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|---|---|---|
1. | Government of India | 7.12% |
| Portfolio Turnover Ratio (Annualized) | |
| a) Equity Turnover (%) | 0.37 |
| b) Gross Exposure Turnover (%) | 0.37 |
| Average Maturity (days) | 1.80 |
| Macaulay Duration (days) | 1.80 |
| Macaulay Duration (days) | 1.80 |
| Annualized Portfolio Yield | 5.24% |
| Yield to Maturity (%) | 5.24% |
 | Risks associated with investments in Fixed Income Securities |
| | Risk factors associated with repo transactions in Corporate Debt Securities |
| | Risks associated with ‘Right to limit redemptions’ |
| | Risks Factors associated with transaction in Units through stock exchange(s) |
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for Detailed Investment in Securities |
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for Allocation of Net Asset by Sectors |
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for Allocation of Net Asset by Asset Class |
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for Allocation of Net Asset by Credit Rating |
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for Allocation of Net Assets by Region / Country |
Major Changes w.r.t previous month -
| Name of securities added/Increased | Name of securities deleted/reduced | Total Weightage in %age |
| Triparty Repo | -56.26 | |
| Reverse Repo | 54.79 | |
| Treasury Bill (91D) | -4.87 | |
| Treasury Bill (364D) | 3.97 | |
| 364 Days Tbill (MD 15/10/2026) | 1.92 | |
| Treasury Bill (182D) | 1.23 | |
| Other Margin | -0.68 |
| Change in | Previous Month | Current Month |
| Direct | 0.06% | 0.06% |
| Regular | 0.14% | 0.14% |
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
| Change in | Previous Month | Current Month |
| Scheme | NA | NA |
| Benchmark | NA | NA |
| Name of Security | Rating Previous Month | Rating Current Month |
| NA | NA | NA |
| Quantitative Measures /Risk Measures | Brief description/ Inference of the Quantitative measure | |
| 1 | Standard Deviation | Standard deviation is a statistical tool that measures the deviation or dispersion of the data from the mean or average. When seen in mutual funds, it tells you how much the return from your mutual fund portfolio is straying from the expected return, based on the fund’s historical performance. |
| 2 | Beta | Beta is a measure of an investment’s volatility in comparison to the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market. |
| 3 | Sharpe Ratio | The Sharpe Ratio, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. |
| 4 | Information Ratio | Measures the consistency of excess returns generated over the benchmark relative to tracking error. A higher ratio indicates better risk-adjusted benchmark outperformance. |
| 5 | Portfolio Turnover Ratio | Measures the extent of purchase and sale of securities in the portfolio during a specified period. A higher portfolio turnover ratio indicates more frequent trading and portfolio rebalancing. |
| Important Weblinks | ||
| 1 | Video Explainer | Link for a video providing simplified explanation of the Fund Factsheet along with explanation to various terminologies used. |
| 2 | Calculation/Methodology | Click here for various mathematical parameters and their respective calculation methodology/formulae. |
| 3 | Detailed Risk Factors | Click here for various risk factors associated with the Scheme. |
| 4 | Scheme Information Document (SID) |
Click here
/ Scan QR code for SID on the website
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| 5 | Investor Services | https://www.mahindramanulife.com/contact-us |
| 6 | Grievance submission and redressal | https://www.mahindramanulife.com/contact-us |
Additional Disclosure
Past Performance is not an indicator or guarantee of future results