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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsReturns are taxed as per your income tax slab.
Amit Garg
Mr Garg is a B.Com, MMS Finance, CFA
Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Mahindra Manulife Overnight Fund is ₹1,413.62 as of 2026-08-30.
Mahindra Manulife Overnight Fund is classified as a Overnight fund.
The Assets Under Management (AUM) of Mahindra Manulife Overnight Fund is ₹280.91 Cr.
The expense ratio of Mahindra Manulife Overnight Fund is 0.19%.
Mahindra Manulife Overnight Fund is managed by Amit Garg.
As per the SEBI Riskometer, Mahindra Manulife Overnight Fund carries a Low risk level.
Mahindra Manulife Overnight Fund has delivered 5.18% (1Y), 5.99% (3Y) and 5.59% (5Y) annualised returns as of 2026-08-30.
Mahindra Manulife Overnight Fund was launched on 2016-02-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
