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, August 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: 5 years and 1 month (Managing since July 23, 2019)
Fund Manager: Mr. Amit Garg
Total Experience: 19 years
Experience in managing this fund: 4 years and 3 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 August 31, 2024 (Rs.in Cr.): 197.86
Monthly AUM as on August 31, 2024 (Rs. in Cr.): 202.48
Total Expense Ratio1 as on August 31, 2024: Regular Plan: 0.19%
Direct Plan: 0.09%
1Includes 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*2: 6.66%
Macaulay Duration: 2.32 days
Modified Duration: 0.01
Residual Maturity: 2.32 days
As on (Date) August 31, 2024
*In case of semi annual YTM, it will be annualised
2Yield to maturity should not be construed as minimum return offered by the Scheme

NAV as on August 31, 2024
NAV/Unit
Regular Plan (In Rs.)
Direct Plan (In Rs.)
Daily IDCW
1131.1206
1276.7762
Growth
1266.8638
1273.4334
IDCW: Income Distribution cum Capital Withdrawal

Issuer
Rating
% of Net Assets
Treasury Bill
4.93%
182 Days Tbill (MD 05/09/2024)
SOV
2.47%
182 Days Tbill (MD 12/09/2024)
SOV
2.46%
Cash & Other Receivables  
95.07%
Grand Total  
100.00%
(as on August 31, 2024)

Mahindra Manulife Overnight Fund
Simple Annualised Returns (%)
CAGR Returns (%)
Value of Investment of Rs. 10,000*
NAV / Index Value
(as on August 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
6.30
6.30
6.29
6.68
5.56
4.72
4.74
10,670
11,764
12,598
12,669
1,266.8638
Direct Plan - Growth Option
6.40
6.40
6.39
6.79
5.67
4.83
4.84
10,681
11,800
12,662
12,734
1,273.4334
CRISIL Liquid Overnight Index ^
6.48
6.42
6.38
6.83
5.72
4.87
4.89
10,685
11,816
12,690
12,763
3,329.12
CRISIL 1 Year T-Bill Index^^
6.29
6.51
7.09
7.50
5.67
5.54
5.59
10,752
11,803
13,099
13,204
7,325.59

^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. Performance as on August 31, 2024. 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