MAHINDRA MANULIFE OVERNIGHT FUND
(An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.)

Data as on 31st, January 2024

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.
Fund Features CONVENIENT 1 DAY INVESTMENT:
• 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 3 working days from the date of redemption or repurchase.
Fund Manager and Experience Fund Manager: Mr. Rahul Pal
Total Experience: 22 years
Experience in managing this fund: 4 years and 6 months(Managing since July 23, 2019)
Fund Manager: Mr. Amit Garg
Total Experience: 19 years
Experience in managing this fund: 3 years and 8 months (Managing since June 8, 2020)
Date of allotment July 23, 2019
Benchmark CRISIL Liquid Overnight Index
Available Options under each plan Growth(D) and IDCW (Daily IDCW Reinvestment)
D-Default
Minimum Application Amount Rs. 1,000/- and in multiples of Re.1/- thereafter
Minimum Redemption Amount Rs. 1,000/- or 1 unit or account balance, whichever is lower
Minimum Switch-in Amount Rs. 1,000/- and in multiples of Re. 0.01/- thereafter.
Monthly AAUM as on January 31, 2024 (Rs.in Cr.): 331.39
Monthly AUM as on January 31, 2024(Rs. in Cr.): 229.45
Total Expense Ratio2 as on January 31, 2024: Regular Plan: 0.19%
Direct Plan: 0.09%
2Includes additional expenses charged in terms of Regulation 52(6A)(b)of SEBI (Mutual Funds) Regulations, 1996 and Goods and Services Tax.
Load Structure: Entry Load: N.A.
Exit Load: NIL

Annualised Portfolio YTM*1: 6.84%
Macaulay Duration: 1.03 days
Modified Duration1: 0.003
Residual Maturity: 1.03 days
As on (Date) January 31, 2024
*In case of semi annual YTM, it will be annualised
1Yield to maturity should not be construed as minimum return offered by the Scheme

NAV as on January 31, 2024
NAV/Unit
Regular Plan (In Rs.)
Direct Plan (In Rs.)
Daily IDCW
1131.1206
1229.3115
Growth
1220.4928
1226.0983
IDCW: Income Distribution cum Capital Withdrawal

Issuer
Rating
% of Net Assets
Treasury Bill
0.44%
364 Days Tbill (MD 18/01/2024)
SOV
0.44%
Cash & Other Receivables  
99.56%
Grand Total  
100.00%

Mahindra Manulife Overnight Fund
Simple Annualised Returns (%)
CAGR Returns (%)
Value of Investment of Rs. 10,000*
NAV / Index Value
(as on January 31, 2024)
Managed by Mr. Rahul Pal and Mr. Amit Garg
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
6.61
6.61
6.60
6.63
4.88
-
4.50
10,663
11,536
-
12,205
1,220.4928
Direct Plan - Growth Option
6.70
6.71
6.70
6.74
4.98
-
4.60
10,674
11,571
-
12,261
1,226.0983
CRISIL Liquid Overnight Index ^
6.74
6.75
6.75
6.81
5.04
-
4.65
10,681
11,588
-
12,287
3,204.98
CRISIL 1 Year T-Bill Index^^
6.91
6.13
6.22
6.91
4.99
-
5.31
10,691
11,573
-
12,638
7,011.51

^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. For performance details of other schemes managed by the Fund Manager(s), please click here | Best Viewed in Landscape mode

MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS

MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS

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 Riskometers
Benchmark Riskometers
MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA
MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA
Scheme Benchmark: CRISIL Liquid Overnight Index
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Refere to the PRCM disclosure click here