Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
Mahindra Manulife Overnight Fund - Regular Plan
|
Low
|
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0.19 |
|||
Low
|
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0.18 |
||||
Low
|
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0.17 |
||||
Low
|
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0.11 |
||||
Low
|
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0.10 |
₹245 Cr
--
1,000
1,000
500
6
Investment Strategy
The scheme seeks 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.
Suitability
"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."
Capital Gains Taxation
Dividend Taxation
Mahindra Manulife Overnight Fund - Regular Plan is mandated to invest in bonds having a maturity of just one day.
Mutual funds can be bought directly from the website of the fund house. For instance, Mahindra Manulife Overnight Fund - Regular Plan fund can be purchased from the website of Mahindra Manulife Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Mahindra Manulife Overnight Fund - Regular Plan is ₹1,262.9399 as of 14-Aug-2024.
The AUM of Mahindra Manulife Overnight Fund - Regular Plan Fund is ₹245 Cr as of 31-Jul-2024
The riskometer level of Mahindra Manulife Overnight Fund - Regular Plan is Low. See More
Company | Percentage of Portfolio |
---|---|
Reserve Bank of India T-Bills 91-D 08/08/2024 |
2.04
|
Reserve Bank of India T-Bills 182-D 22/08/2024 |
2.03
|
As of 31-Jul-2024, Mahindra Manulife Overnight Fund - Regular Plan had invested 95.93% in Cash & Cash Eq. and 4.07% in Debt See More
Mahindra Manulife Overnight Fund - Regular Plan is 5 years 0 months old. It has delivered 4.72% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
6.71%
|
5.50%
|
4.71%
|
--
|
--
|
4.72%
|
No, There is no lock in period in Mahindra Manulife Overnight Fund - Regular Plan.
The expense ratio of Mahindra Manulife Overnight Fund - Regular Plan is 0.19.