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Mirae Asset Overnight Fund Direct Monthly IDCW

Mirae Asset · Overnight
Low
₹1001.22
Current NAV
03 Nov 2026
-0.0%
1Y Return
-0.0%
3Y CAGR
0.0%
5Y CAGR
Watchlist
NAV History (1 Year)
Analysis & Suitability
Pros / Upsides
  • Highly cost-efficient with a low expense ratio of 0.63%.
  • Generates significant excess returns relative to benchmark index (Alpha: 3.73).
  • Very large asset base (AUM: ₹18,780 Cr) indicating high investor trust and liquidity.
Cons / Risks
  • Lower risk-adjusted performance compared to top peers in the same category.
  • Sluggish 3-year performance, lagging behind primary equity benchmarks.
Suitable for
  • Systematic investments (SIP) for long-term target goal-based planning.
Not suitable for
  • Short-term trading or speculative investment horizons.
Risk Profile: Low Risk
Low Moderate High Very High
Risk Metrics
0.73
Sharpe Ratio
1.53
Beta
3.73
Alpha
0.97
Sortino
Fund Details
Fund House Mirae Asset
Category Overnight
AUM ₹18780 Cr
Expense Ratio 0.63%
Min SIP ₹500
Min Lumpsum ₹1000
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