Mahindra Manulife Overnight Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Overnight Fund

Fund House : Mahindra Manulife Mutual Fund

Scheme Objective

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.

Scheme Details

Fund manager(s) – Rahul Pal , Amit Garg
Launch date – 23-Jul-2019
Expense ratio – 0.09% as declared on 31-Aug-2025 (category average is 0.08%)
Benchmark - CRISIL Liquid Overnight Index

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

35.40

0.00

0.00%

Sep - 2025	35.40	0.00%
Aug - 2025	158.49	0.00%
Jul - 2025	100.84	0.00%
Jun - 2025	72.41	0.00%
May - 2025	247.16	0.00%
Apr - 2025	161.79	0.00%
Mar - 2025	76.36	0.00%
Feb - 2025	155.99	0.00%
Jan - 2025	214.14	0.00%

2024

221.23

0.00

0.00%

Dec - 2024	221.23	0.00	0.00%
Nov - 2024	300.68	0.00	0.00%
Oct - 2024	141.55	0.00	0.00%
Sep - 2024	157.89	0.00	0.00%
Aug - 2024	202.48	0.00	0.00%
Jul - 2024	244.93	0.00	0.00%
Jun - 2024	355.74	0.00	0.00%
May - 2024	217.21	90432.04	0.24%
Apr - 2024	148.27	83280.65	0.18%
Mar - 2024	74.25	61560.33	0.12%
Feb - 2024	168.76	88802.69	0.19%
Jan - 2024	229.45	104930.54	0.22%

2023

230.75

87757.74

0.26%

Dec - 2023	230.75	87757.74	0.26%
Nov - 2023	195.31	98642.75	0.20%
Oct - 2023	147.84	99300.43	0.15%
Sep - 2023	281.39	82255.84	0.34%
Aug - 2023	224.07	107342.01	0.21%
Jul - 2023	328.47	94155.99	0.35%
Jun - 2023	51.29	89406.39	0.06%
May - 2023	61.41	101767.61	0.06%
Apr - 2023	79.59	102520.23	0.08%
Mar - 2023	92.97	95800.73	0.10%
Feb - 2023	345.61	119004.06	0.29%
Jan - 2023	358.66	119576.27	0.30%

2022

197.91

102818.15

0.19%

Dec - 2022	197.91	102818.15	0.19%
Nov - 2022	126.07	120436.44	0.10%
Oct - 2022	162.50	154367.08	0.11%
Sep - 2022	127.42	139080.33	0.09%
Aug - 2022	369.08	120037.67	0.31%
Jul - 2022	283.92	140426.40	0.20%
Jun - 2022	169.02	127681.69	0.13%
May - 2022	259.67	137381.45	0.19%
Apr - 2022	145.51	106546.21	0.14%
Mar - 2022	107.20	100940.29	0.11%
Feb - 2022	156.03	113058.51	0.14%
Jan - 2022	217.71	128929.12	0.17%

2021

298.16

92685.93

0.32%

Dec - 2021	298.16	92685.93	0.32%
Nov - 2021	308.21	99191.80	0.31%
Oct - 2021	267.73	123289.68	0.22%
Sep - 2021	77.70	108128.43	0.07%
Aug - 2021	67.05	94665.81	0.07%
Jul - 2021	52.42	88345.76	0.06%
Jun - 2021	69.94	89367.09	0.08%
May - 2021	29.35	89684.72	0.03%
Apr - 2021	48.63	88832.59	0.05%
Mar - 2021	22.84	69985.18	0.03%
Feb - 2021	44.29	73912.68	0.06%
Jan - 2021	72.35	83431.39	0.09%

2020

80.21

76292.57

0.11%

Dec - 2020	80.21	76292.57	0.11%
Nov - 2020	98.01	66326.47	0.15%
Oct - 2020	77.88	70813.57	0.11%
Sep - 2020	90.78	81957.53	0.11%
Aug - 2020	184.35	70836.97	0.26%
Jul - 2020	176.27	71894.87	0.25%
Jun - 2020	252.46	83164.43	0.30%
May - 2020	294.97	82887.05	0.36%
Apr - 2020	284.33	81763.20	0.35%
Mar - 2020	29.62	78332.76	0.04%
Feb - 2020	25.67	51292.42	0.05%
Jan - 2020	122.41	52416.71	0.23%

Tax Rate

Any profit will be clubbed with your income and taxed at your effective tax rate.

Contact Details

Mahindra Manulife Investment Management Pvt. Ltd.

Unit No.204,2nd Floor,Amiti Building,Piramal Agastya Corp.Park LBS Road Kamani Junction,Kurla (W) Mumbai 400070
Tel no.: 022-66327900
Fax no.: 022-66327932
Website.: www.mahindramanulife.com

Forum

NITINPIMPALE
MF Investment Help
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3 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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15 days ago

View more

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The Fixed Income
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2 days ago

Lock in Stable Returns from a State-Backed PSU! TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LIMITED – 2028 Bond ✔️ Coupon: 9.35% p.a. ✔️ Tenor: 3y 2m (Maturity: 29/Dec/2028) ✔️ Senior Secured | PSU Bond | High Return Bond | Listed Invest confidently in a state-backed PSU and watch your money grow steadily. Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJPdFpRPT0=/935-telangana-state-industrial-infrastructure-corporation-limited-2028?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Lock in Stable Returns from a State-Backed PSU! TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LIMITED – 2028 Bond ✔️ Coupon: 9.35% p.a. ✔️ Tenor: 3y 2m (Maturity: 29/Dec/2028) ✔️ Senior Secured | PSU Bond | High Return Bond | Listed Invest confidently in a state-backed PSU and watch your money grow steadily. Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJPdFpRPT0=/935-telangana-state-industrial-infrastructure-corporation-limited-2028?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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65 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
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78 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

Posted by : ravisistla
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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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116 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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