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Mirae Asset Overnight Fund Direct Weekly IDCW

Mirae Asset · Overnight
Low
₹1000.14
Current NAV
25 Jun 2026
15.2%
1Y Return
11.2%
3Y CAGR
16.2%
5Y CAGR
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Analysis & Suitability
Pros / Upsides
  • Highly cost-efficient with a low expense ratio of 0.32%.
  • Generates significant excess returns relative to benchmark index (Alpha: 6.72).
  • Well-diversified portfolio aligned with the Overnight mandate.
Cons / Risks
  • Lower risk-adjusted performance compared to top peers in the same category.
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
0.72
Sharpe Ratio
0.92
Beta
6.72
Alpha
0.95
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Fund Details
Fund House Mirae Asset
Category Overnight
AUM ₹7770 Cr
Expense Ratio 0.32%
Min SIP ₹500
Min Lumpsum ₹1000
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