MAHINDRA MANULIFE OVERNIGHT FUND
(An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.)
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| Data as on 31st, July 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 (Managing since July 23, 2019) Fund Manager: Mr. Amit Garg Total Experience: 19 years Experience in managing this fund: 4 years and 2 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 July 31, 2024 (Rs.in Cr.): | 235.12 |
| Monthly AUM as on July 31, 2024 (Rs. in Cr.): | 244.93 |
| Total Expense Ratio1 as on July 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: | 6.53% |
| Macaulay Duration: | 1.57 days |
| Modified Duration: | 0.004 |
| Residual Maturity: | 1.57 days |
| As on (Date) | July 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 |
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NAV as on July 31, 2024
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| Daily IDCW |
1131.1206 |
1269.8849 |
| Growth | 1260.1349 |
1266.5628 |
| IDCW: Income Distribution cum Capital Withdrawal | ||
Issuer |
Rating |
% of Net Assets |
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| Treasury Bill |
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| 91 Days Tbill (MD 08/08/2024) | SOV |
2.04% |
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| 182 Days Tbill (MD 22/08/2024) | SOV |
2.03% |
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| Cash & Other Receivables |
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| Grand Total | 100.00% |
| Mahindra Manulife Overnight Fund | Simple Annualised Returns (%) |
CAGR Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on July 31, 2024) |
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| 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 |
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| Regular Plan - Growth Option | 6.26 |
6.32 |
6.29 |
6.69 |
5.46 |
4.70 |
4.71 |
10,671 |
11,732 |
12,585 |
12,601 |
1,260.1349 |
| Direct Plan - Growth Option | 6.36 |
6.42 |
6.39 |
6.80 |
5.57 |
4.81 |
4.81 |
10,682 |
11,767 |
12,649 |
12,666 |
1,266.5628 |
| CRISIL Liquid Overnight Index ^ | 6.40 |
6.46 |
6.43 |
6.84 |
5.62 |
4.86 |
4.86 |
10,686 |
11,784 |
12,679 |
12,694 |
3,311.18 |
| CRISIL 1 Year T-Bill Index^^ | 8.83 |
9.74 |
8.58 |
7.36 |
5.59 |
5.55 |
5.56 |
10,738 |
11,773 |
13,106 |
13,124 |
7,280.87 |
^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. For performance details of other schemes managed by the Fund Manager(s), please click here | Best Viewed in Landscape mode
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Product Suitability |
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| This Product is Suitable for investors who are seeking* | |
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Scheme Riskometers |
Benchmark Riskometers |
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 Scheme Benchmark: CRISIL Liquid Overnight Index |
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
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| Refere to the PRCM disclosure click here | |