Mirae Asset Overnight Fund Overview
Category Overnight Fund
BMSMONEY Rank 5
BMSMONEY Rating
Gro. Opt. As On: 17-01-2025
NAV ₹1286.52(R) +0.02% ₹1292.88(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 6.64% 6.02% 4.91% -% -%
LumpSum (D) 6.73% 6.12% 5.01% -% -%
SIP (R) 6.6% 6.48% 5.68% -% -%
SIP (D) 6.68% 6.57% 5.77% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-2.7 -0.62 0.6 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.33% 0.0% 0.0% - 0.28%
Top Overnight Fund
Fund Name Rank Rating
Bank of India Overnight Fund 1
Axis Overnight Fund 2
Uti Overnight Fund 3
Invesco India Overnight Fund 4
Mirae Asset Overnight Fund 5
Pgim India Overnight Fund 6

NAV Date: 17-01-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Overnight Fund Direct Daily IDCW 1000.0
0.0000
0.0000%
Mirae Asset Overnight Fund Regular Daily IDCW 1000.0
0.0000
0.0000%
Mirae Asset Overnight Fund Direct Weekly IDCW 1000.35
0.1800
0.0200%
Mirae Asset Overnight Fund Regular Weekly IDCW 1000.35
0.1700
0.0200%
Mirae Asset Overnight Fund Regular Monthly IDCW 1004.26
0.1700
0.0200%
Mirae Asset Overnight Fund Direct Monthly IDCW 1004.32
0.1800
0.0200%
Mirae Asset Overnight Fund Regular Plan Growth 1286.52
0.2200
0.0200%
Mirae Asset Overnight Fund Direct Plan Growth 1292.88
0.2300
0.0200%

Review Date: 17-01-2025

Mirae Asset Overnight Fund has exhibited very good performance in the Overnight Fund category. The fund has rank of 5 out of 26 funds in the category. The fund has delivered return of 6.64% in 1 year, 6.02% in 3 years and 4.91% in 5 years. The category average for the same periods is 6.61%, 10.52% and 7.21% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 0.33. The category average for the same parameter is 0.32 The fund has high risk in the category.

Key Points:

  1. An investment of ₹10,000 in Mirae Asset Overnight Fund direct growth option would have grown to ₹10673.0 in 1 year, ₹11950.0 in 3 years and ₹12768.0 in 5 years as of today (17-01-2025).
  2. An SIP of ₹1,000 per month in Mirae Asset Overnight Fund direct growth option would have grown to ₹12430.0 in 1 year, ₹39780.0 in 3 years and ₹69440.0 in 5 years as of today (17-01-2025).
  3. Sharpe ratio of the fund is -2.7 which shows very good performance of fund in the overnight fund category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.55
0.55
0.53 | 0.57 17 | 34 Good
3M Return % 1.62
1.62
1.55 | 1.68 18 | 34 Good
6M Return % 3.23
3.22
3.07 | 3.32 13 | 34 Good
1Y Return % 6.64
6.61
6.29 | 6.85 11 | 34 Good
3Y Return % 6.02
10.52
5.80 | 128.37 6 | 27 Very Good
5Y Return % 4.91
7.21
4.71 | 66.17 4 | 26 Very Good
1Y SIP Return % 6.60
6.56
6.25 | 6.78 10 | 34 Good
3Y SIP Return % 6.48
9.59
6.23 | 91.15 6 | 27 Very Good
5Y SIP Return % 5.68
8.66
5.46 | 84.32 5 | 26 Very Good
Standard Deviation 0.33
0.32
0.31 | 0.33 18 | 26 Average
Semi Deviation 0.28
0.28
0.26 | 0.28 13 | 26 Good
Sharpe Ratio -2.70
-2.81
-3.51 | -2.36 6 | 26 Very Good
Sterling Ratio 0.60
0.59
0.57 | 0.61 5 | 26 Very Good
Sortino Ratio -0.62
-0.64
-0.72 | -0.57 6 | 26 Very Good
Return data last Updated On : Jan. 17, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.56 0.56 0.54 | 0.57 19 | 34
3M Return % 1.64 1.64 1.58 | 1.70 14 | 34
6M Return % 3.27 3.26 3.16 | 3.35 14 | 34
1Y Return % 6.73 6.69 6.48 | 6.93 5 | 34
3Y Return % 6.12 10.61 5.90 | 128.53 4 | 27
5Y Return % 5.01 7.30 4.82 | 66.31 2 | 26
1Y SIP Return % 6.68 6.65 6.44 | 6.86 7 | 34
3Y SIP Return % 6.57 9.67 6.34 | 91.30 4 | 27
5Y SIP Return % 5.77 8.75 5.57 | 84.46 2 | 26
Standard Deviation 0.33 0.32 0.31 | 0.33 18 | 26
Semi Deviation 0.28 0.28 0.26 | 0.28 13 | 26
Sharpe Ratio -2.70 -2.81 -3.51 | -2.36 6 | 26
Sterling Ratio 0.60 0.59 0.57 | 0.61 5 | 26
Sortino Ratio -0.62 -0.64 -0.72 | -0.57 6 | 26
Return data last Updated On : Jan. 17, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.02 ₹ 10,002.00 0.02 ₹ 10,002.00
1W 0.12 ₹ 10,012.00 0.13 ₹ 10,013.00
1M 0.55 ₹ 10,055.00 0.56 ₹ 10,056.00
3M 1.62 ₹ 10,162.00 1.64 ₹ 10,164.00
6M 3.23 ₹ 10,323.00 3.27 ₹ 10,327.00
1Y 6.64 ₹ 10,664.00 6.73 ₹ 10,673.00
3Y 6.02 ₹ 11,917.00 6.12 ₹ 11,950.00
5Y 4.91 ₹ 12,709.00 5.01 ₹ 12,768.00
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 6.60 ₹ 12,424.97 6.68 ₹ 12,430.36
3Y ₹ 36000 6.48 ₹ 39,723.66 6.57 ₹ 39,780.36
5Y ₹ 60000 5.68 ₹ 69,273.90 5.77 ₹ 69,440.46
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Overnight Fund NAV Regular Growth Mirae Asset Overnight Fund NAV Direct Growth
17-01-2025 1286.521 1292.8758
16-01-2025 1286.2976 1292.6476
15-01-2025 1286.0747 1292.4205
14-01-2025 1285.8567 1292.1984
13-01-2025 1285.6284 1291.966
10-01-2025 1284.9253 1291.2503
09-01-2025 1284.6905 1291.0113
08-01-2025 1284.4541 1290.7707
07-01-2025 1284.2211 1290.5336
06-01-2025 1283.9892 1290.2975
03-01-2025 1283.3213 1289.6172
02-01-2025 1283.1029 1289.3947
01-01-2025 1282.8843 1289.1721
31-12-2024 1282.6643 1288.9479
30-12-2024 1282.4312 1288.7107
27-12-2024 1281.7394 1288.0065
26-12-2024 1281.5106 1287.7734
24-12-2024 1281.0639 1287.3186
23-12-2024 1280.8379 1287.0885
20-12-2024 1280.1502 1286.3884
19-12-2024 1279.9208 1286.1549
18-12-2024 1279.6959 1285.9258
17-12-2024 1279.4718 1285.6974

Fund Launch Date: 15/Oct/2019
Fund Category: Overnight Fund
Investment Objective: The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Fund Description: Overnight Fund - An open ended debt scheme investing in overnight securities
Fund Benchmark: CRISILOvernight Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.