Mahindra Manulife Overnight Fund

An open ended debt scheme investing in overnight securities

Type : Mutual Fund

Asset Class : Debt

Last Dividend Date: 28th September 2020 Last Dividend: 0.08484085

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Fund Summary
Min Investment 1000
Min SIP 0
Lock InNo

Fund Manager : Rahul Pal

Total Experience: Collectively over 18 years of work experience in the Fixed Income segment

Experience in managing this fund : Managing since July 23, 2019

Fund Manager : Amit Garg

Total Experience: Collectively over 16 years of work experience in the Fixed Income segment

Experience in managing this fund : Managing since June 8, 2020

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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
  • Investors should consult their financial advisors if in doubt about whether the product is suitable for them
  • 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.

BENEFITS/ FEATURES:

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

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, 2020)
Managed by 1 Year 3 Years 5 Years 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Mahindra Manulife Overnight Fund - Reg - Growth 2.94 2.95 3.03 3.92 N/A N/A 4.16 10390.0659 N/A N/A 10451.093 1045.1093
Mahindra Manulife Overnight Fund - Dir - Growth 3.04 3.05 3.13 4.02 N/A N/A 4.16 10400.6557 N/A N/A 10462.94 1046.294
CRISIL Overnight Index^ 3.06 3.07 3.11 4.07 N/A N/A 4.16 10404.6551 N/A N/A 10467.7598 2730.4
Crisil 1 Yr T-Bill Index^^ 0.44 1.79 2.67 6.78 N/A N/A 4.16 10677.072 N/A N/A 10765.8712 5972.69

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 04-Jul-16.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. The performance data for 3 years and 5 years period has not been provided, since scheme is in existence for less than 3 years.*Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Rahul Pal is managing this scheme since inception and he manages 7 schemes of Mahindra Manulife Mutual Fund. Mr Amit Garg is managing the scheme since June 8, 2020 and he manages 3 schemes of Mahindra Manulife Mutual Fund.

For performance of other schemes managed by Rahul Pal click here

For performance of other schemes managed by Amit Garg click here

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