MIRAE ASSET OVERNIGHT FUND - (MAONF)

(Overnight Fund - An open ended debt scheme investing in overnight securities)
A relatively low interest rate risk and relatively low credit risk

Details as on July 31, 2023
Type of Scheme
Overnight Fund -An open ended debt scheme investing in overnight securities
A relatively low interest rate risk and relatively low credit risk
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 Manager**
Mr. Abhishek Iyer
(since December 28, 2020)
Allotment Date
15th October, 2019
Benchmark Index
NIFTY 1D Rate Index
Minimum Investment
Amount
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter.
Systematic Investment
Plan (SIP)
(Any Date SIP is available from 1st July, 2019)
Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option.
Load Structure Entry load: NA
Exit load: NIL
Plans Available
Regular Plan and Direct Plan
Options Available
Growth Option and IDCW Option (Payout & Re-investment)
Monthly Average AUM (₹ Cr.) as on July 31, 2023
687.92
Net AUM (₹ Cr.)
1,116.44
Monthly Total Expense Ratio
(Including Statutory Levies)
as on July 31, 2023
Regular Plan: 0.18%
Direct Plan: 0.10%
**For experience of Fund Managers Click Here
NAV: Direct Regular
Growth ₹ 1,174.3139 ₹ 1,170.0614
Daily IDCW ₹ 1,000.0008 ₹ 1,000.0006
Weekly IDCW ₹ 1,000.8703 ₹ 1,000.8573
Monthly IDCW ₹ 1,001.2204 ₹ 1,001.2046
Average Maturity
1.04 Days
Modified Duration 
0.00 Years
Macaulay Duration
0.00 Years
Annualized Portfolio YTM*
6.48%

*In case of semi annual YTM, it will be annualized.

Portfolio Holdings % Allocation
Treasury Bill
91 Days Tbill (10/08/2023)
0.45%
Treasury Bill Total
0.45%
TREPS / Reverse Repo
TREPS / Reverse Repo
99.67%
Net Receivables / (Payables) Total
-0.12%
Cash & Other Receivables Total
99.55%
Total
100.00%

Growth of Rs. 10,000 invested at inception: 11,701

Returns (in%)
7 D 15 D 30 D 1 Yr 3 Yrs SI
MAONF 6.28% 6.31% 6.30% 6.18% 4.28% 4.23%
Scheme Benchmark* 6.42% 6.44% 6.42% 6.31% 4.40% 4.31%
Additional Benchmark** 5.92% 6.73% 6.01% 6.41% 4.40% 4.95%
NAV as on 31st July, 2023 ₹1,170.0614
Index Value (31st July, 2023) Index Value of benchmark is 2,161.62 and CRISIL 1 Year T-Bill is 6,780.48
Allotment Date 15th October, 2019
Scheme Benchmark *NIFTY 1D Rate Index
Additional Benchmark **CRISIL 1 Year T-Bill

Fund manager : Mr. Abhishek Iyer managing the scheme since December 28, 2020
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns

Past Performance may or may not be sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 1000. The performance of other funds managed by the same fund manager is given in the respective page of the schemes
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option

This product is suitable for investors who are seeking*
. Regular income over short term that may be in line with the overnight call rates.
. Investment in overnight securities


*Investors should consult their financial advisers if they are not clear about the suitability of the product.

Quantum (₹ per unit)
Record Date Individual Corporate NAV (₹ per unit)
24-Apr-23
5.5277
5.5277
1,005.5277
24-May-23
5.3542
5.3542
1,005.3549
26-Jun-23
5.6676
5.6676
1,005.6676
24-Jul-23
4.8691
4.8691
1,004.8691

Face value ₹ 1000/-. Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MAONF- Regular Plan - Monthly IDCW Option