Mirae Asset Overnight Fund Datagrid
Category Overnight Fund
BMSMONEY Rank 7
Rating
Growth Option 04-12-2025
NAV ₹1351.25(R) +0.03% ₹1358.85(D) +0.03%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.85% 6.36% 5.32% -% -%
Direct 5.94% 6.45% 5.42% -% -%
Benchmark
SIP (XIRR) Regular 5.61% 6.18% 5.2% -% -%
Direct 5.69% 6.27% 5.29% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
4.34 5.18 0.64 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.14% 0.0% 0.0% - 0.11%
Fund AUM As on: 30/06/2025 1258 Cr
Top Overnight Fund
Fund Name Rank Rating
Bank of India Overnight Fund 1
Axis Overnight Fund 2
Uti Overnight Fund 3
Invesco India Overnight Fund 4
Franklin India Overnight Fund 5
Nippon India Overnight Fund 6
Mirae Asset Overnight Fund 7

NAV Date: 04-12-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Overnight Fund Direct Daily IDCW 1000.0
0.0000
0.0000%
Mirae Asset Overnight Fund Regular Daily IDCW 1000.01
0.0000
0.0000%
Mirae Asset Overnight Fund Regular Weekly IDCW 1000.14
-0.7200
-0.0700%
Mirae Asset Overnight Fund Direct Weekly IDCW 1000.15
-0.7300
-0.0700%
Mirae Asset Overnight Fund Direct Monthly IDCW 1001.46
0.2900
0.0300%
Mirae Asset Overnight Fund Regular Monthly IDCW 1001.46
0.2900
0.0300%
Mirae Asset Overnight Fund Regular Plan Growth 1351.25
0.3800
0.0300%
Mirae Asset Overnight Fund Direct Plan Growth 1358.85
0.3900
0.0300%

Review Date: 04-12-2025

Beginning of Analysis

In the Overnight Fund category, Mirae Asset Overnight Fund is the 7th ranked fund. The category has total 29 funds. The Mirae Asset Overnight Fund has shown a very good past performence in Overnight Fund. The fund has a Sharpe Ratio of 4.34 which is higher than the category average of 4.08.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Overnight Mutual Funds are ideal for investors seeking a safe, liquid, and ultra-low-risk investment option for very short-term cash management. These funds invest in overnight securities with a maturity of 1 day, offering quick redemption (within 1 business day) and stable returns. While they provide minimal risk and high liquidity, they offer very low returns compared to other debt funds. Investors should consider their liquidity needs and investment horizon before investing in Overnight Funds. These funds are best suited for parking surplus funds for a very short duration, such as overnight or a few days.

Mirae Asset Overnight Fund Return Analysis

  • The fund has given a return of 0.44%, 1.35 and 2.71 in last one, three and six months respectively. In the same period the category average return was 0.43%, 1.33% and 2.69% respectively.
  • Mirae Asset Overnight Fund has given a return of 5.94% in last one year. In the same period the Overnight Fund category average return was 5.89%.
  • The fund has given a return of 6.45% in last three years and ranked 6.0th out of 32 funds in the category. In the same period the Overnight Fund category average return was 6.41%.
  • The fund has given a return of 5.42% in last five years and ranked 2nd out of 27 funds in the category. In the same period the Overnight Fund category average return was 5.37%.
  • The fund has given a SIP return of 5.69% in last one year whereas category average SIP return is 5.64%. The fund one year return rank in the category is 8th in 34 funds
  • The fund has SIP return of 6.27% in last three years and ranks 5th in 31 funds. Bank of India Overnight Fund has given the highest SIP return (6.35%) in the category in last three years.
  • The fund has SIP return of 5.29% in last five years whereas category average SIP return is 5.74%.

Mirae Asset Overnight Fund Risk Analysis

  • The fund has a standard deviation of 0.14 and semi deviation of 0.11. The category average standard deviation is 0.14 and semi deviation is 0.11.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Overnight Fund Category
  • Good Performance in Overnight Fund Category
  • Poor Performance in Overnight Fund Category
  • Very Poor Performance in Overnight Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.43
    0.43
    		0.39 | 0.46 10 | 34 Good
    3M Return % 1.33
    1.32
    		1.23 | 1.36 5 | 34 Very Good
    6M Return % 2.68
    2.65
    		2.49 | 2.74 7 | 34 Very Good
    1Y Return % 5.85
    5.81
    		5.46 | 6.01 8 | 34 Very Good
    3Y Return % 6.36
    6.32
    		6.03 | 6.50 7 | 32 Very Good
    5Y Return % 5.32
    5.29
    		5.12 | 5.43 4 | 27 Very Good
    1Y SIP Return % 5.61
    5.56
    		5.21 | 5.76 7 | 34 Very Good
    3Y SIP Return % 6.18
    6.14
    		5.83 | 6.33 7 | 31 Very Good
    5Y SIP Return % 5.20
    5.66
    		5.13 | 6.06 19 | 27 Average
    Standard Deviation 0.14
    0.14
    		0.13 | 0.15 22 | 30 Average
    Semi Deviation 0.11
    0.11
    		0.11 | 0.12 8 | 30 Very Good
    Sharpe Ratio 4.34
    4.08
    		2.14 | 5.43 9 | 30 Good
    Sterling Ratio 0.64
    0.63
    		0.61 | 0.65 6 | 30 Very Good
    Sortino Ratio 5.18
    4.41
    		1.22 | 9.27 4 | 30 Very Good
    Return data last Updated On : Dec. 4, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.44 0.43 0.41 | 0.46 9 | 34 Very Good
    3M Return % 1.35 1.33 1.28 | 1.38 8 | 34 Very Good
    6M Return % 2.71 2.69 2.59 | 2.76 6 | 34 Very Good
    1Y Return % 5.94 5.89 5.67 | 6.03 7 | 34 Very Good
    3Y Return % 6.45 6.41 6.21 | 6.62 6 | 32 Very Good
    5Y Return % 5.42 5.37 5.22 | 5.48 2 | 27 Very Good
    1Y SIP Return % 5.69 5.64 5.42 | 5.79 8 | 34 Very Good
    3Y SIP Return % 6.27 6.23 6.04 | 6.35 5 | 31 Very Good
    5Y SIP Return % 5.29 5.74 5.21 | 6.09 19 | 27 Average
    Standard Deviation 0.14 0.14 0.13 | 0.15 22 | 30 Average
    Semi Deviation 0.11 0.11 0.11 | 0.12 8 | 30 Very Good
    Sharpe Ratio 4.34 4.08 2.14 | 5.43 9 | 30 Good
    Sterling Ratio 0.64 0.63 0.61 | 0.65 6 | 30 Very Good
    Sortino Ratio 5.18 4.41 1.22 | 9.27 4 | 30 Very Good
    Return data last Updated On : Dec. 4, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mirae Asset Overnight Fund NAV Regular Growth Mirae Asset Overnight Fund NAV Direct Growth
    04-12-2025 1351.2459 1358.8456
    03-12-2025 1351.0516 1358.6474
    02-12-2025 1350.8609 1358.4526
    01-12-2025 1350.6712 1358.2587
    28-11-2025 1350.0832 1357.6592
    27-11-2025 1349.8859 1357.4581
    26-11-2025 1349.6952 1357.2635
    25-11-2025 1349.5037 1357.0681
    24-11-2025 1349.3117 1356.8722
    21-11-2025 1348.7138 1356.2627
    20-11-2025 1348.5138 1356.0588
    19-11-2025 1348.3223 1355.8636
    18-11-2025 1348.1321 1355.6696
    17-11-2025 1347.9434 1355.4768
    14-11-2025 1347.3574 1354.8797
    13-11-2025 1347.1609 1354.6795
    12-11-2025 1346.9726 1354.4876
    11-11-2025 1346.7856 1354.2971
    10-11-2025 1346.597 1354.1049
    07-11-2025 1346.0339 1353.5324
    06-11-2025 1345.8455 1353.3413
    04-11-2025 1345.4681 1352.9574

    Fund Launch Date: 15/Oct/2019
    Fund Category: Overnight Fund
    Investment Objective: The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
    Fund Description: Overnight Fund - An open ended debt scheme investing in overnight securities
    Fund Benchmark: CRISILOvernight Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.