Mahindra Manulife Overnight Fund- Regular Growth

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

Invest Now

Fund Summary
Min Investment 1,000
Min SIP 0
Lock InNo
Exit LoadNIL

Fund Manager : Mr. Rahul Pal

Total Experience: Collectively over 22 years of work experience in the Fixed Income segment

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

Fund Manager : Mr. Amit Garg

Total Experience: Collectively over 19 years of work experience in the Fixed Income segment

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

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

Mahindra Manulife- Scheme Risko Meter Low

Mahindra Manulife Overnight Fund

Benchmark Riskometer

As per AMFI Tier I Benchmark i.e. CRISIL Liquid Overnight Index

Mahindra Manulife- Benchmark Risko Meter Low

**Investor should consult their financial advisers if in doubt about whether the product is suitable for them.

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

Potential Risk Classification (PRC)
Potential Risk Class Matrix
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest rate Risk
Relatively Low (Class I) A-I
Moderate (Class II)
Relatively High (Class III)
Fund Performance:
Mahindra Manulife Overnight Fund Simple Annualised Returns(%) CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Apr 30, 2025)
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 5.72 5.72 5.81 6.48 6.25 4.99 4.93 10,648 11,998 12,761 13,204 1320.3538
Direct Plan - Growth Option 5.82 5.82 5.91 6.58 6.36 5.10 5.04 10,658 12,034 12,825 13,281 1328.0859
CRISIL Liquid Overnight Index^ 5.80 5.79 5.85 6.59 6.40 5.13 5.08 10,659 12,048 12,847 13,310 3471.85
CRISIL 1 Year T-Bill^^ 7.88 8.15 11.83 7.86 6.65 5.45 5.84 10,786 12,131 13,043 13,879 7699.79

^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.

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