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Product scoring may vary based on gender, age, policy tenure and sum assured.
Gender
Male
Age Group
The lowest age in the selected range is considered for price evaluation (e.g., 25 - 29)
30 - 34
Sum Assured
₹ 1Cr
Debt • Overnight Fund • CRISIL Liquid Overnight Index
Mahindra Manulife Overnight Fund(G)-Direct Plan
1 Finance Rank:
29
291 Finance Score:
64100
Yield To Maturity Score
60
Quality & Diversification Score
100
Standard Deviation Score
94
Modified Duration Score
91
AUM Score
10
Historical Performance score
85
by 1 Finance Research 1 Finance Scores reflect a holistic assessment of fund performance, risk, and costs.
AUM
₹ 27 Cr(As on 31-Mar-2026)NAV
₹ 1401.8509(As on 10-May-2026)Expense Ratio
0.09%(As on 31-Mar-2026)Investment Horizon
1 to 7 Days
29
Debt • Overnight Fund • CRISIL Liquid Overnight Index
Mahindra Manulife Overnight Fund(G)-Direct Plan
This fund ranks 29th out of 39 funds in its category.
AUM₹ 27 Cr(As on 31-Mar-2026)
NAV₹ 1401.8509(As on 10-May-2026)
Expense Ratio0.09%(As on 31-Mar-2026)
Investment Horizon1 to 7 Days
1 Finance Score: 64/100
Yield To Maturity Score
60
Quality & Diversification Score
100
Standard Deviation Score
94
Modified Duration Score
91
AUM Score
10
Historical Performance score
85
Fundamental Ratios
Modified Duration
6.32 yearsAverage Maturity
0.02 yearsYield To Maturity
6.32%Standard Deviation
-Portfolio summary
Asset Allocation
Others
Debt
65.35%
34.65%
Credit Rating
Cash Eqv.
65.35%
SOV
34.65%
AAA
0.00%
AA
0.00%
Others
0.00%
Debt Sector Allocation
Cash & Cash Equivalents
65.35%
G-Sec
34.65%
Top Holdings
| Holding Names | Assets (%) |
|---|---|
| Reverse Repo | 94.54% |
| 182 Days Treasury Bill - 15-Jan-2026 | 3.80% |
| 91 Days Treasury Bill - 02-Jan-2026 | 3.52% |
| 182 Days Treasury Bill - 08-Jan-2026 | 1.76% |
| Tri-Party Repo (TREPS) | 0.21% |
Peer comparison
| Fund List | 1 F score | Fund Size | Expense Ratio |
|---|
Pros and Cons
Pros
Ability to significantly outperform benchmark returns.
Great track record of generating high returns by managing the portfolio dynamically.
The fund demonstrates a low level of volatility as the standard deviation is low.
Relatively low modified duration indicates lower sensitivity to interest rate changes, suggesting lower risk.
Cons
Low AUM may result in limited portfolio diversification.
Should you invest?
Invest if you are :
- Investors with a very short
- term investment horizon of 1 to 7 days should consider this fund.
Avoid if you are :
- Long term investors and high
- risk investors should avoid this scheme.
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Taxation
If bought before April 1, 2023
- Less than or equal to 24 months: Short-Term Capital Gains (STCG) are taxed as per your applicable income tax slab.
- More than 24 months: Long-Term Capital Gains (LTCG) are taxed at 12.5% on gains.
If bought after April 1, 2023
- Taxed at applicable slab rates.
Scheme Details
Scheme Objective
- The primary objective of the Scheme is to seek to generate returns commensurate with low risk andproviding high level of liquidity, through investments made primarily in overnight securities havingmaturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo. However, there isno assurance or guarantee that the investment objective of the scheme will be achieved.
Exit Load
- Nil
Minimum investment amount
Lumpsum
₹ 1000 (open for subscription)
Other details
Founded In2019
Email Addressmfinvestors@mahindramanulife.com
About Mahindra Manulife MF
- Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd., specializes in equity, debt, and multi-asset funds tailored for various investor profiles, supported by continuously evolving in-house process models for equity and debt portfolios.
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Frequently Asked Questions
Are debt funds risk-free?
No, debt funds aren’t entirely risk-free. They may be less volatile than equities, but carry risks like changing interest rates, credit, liquidity, concentration, and prepayment. Hence, as an investor, it is crucial you personalise your portfolio based on your financial personality, which includes your risk comfort and time horizon of your financial goals.
Is a higher yield-to-maturity (YTM) always better?
Not necessarily in every case. A higher yield-to-maturity (YTM) often implies a bond having lower credit ratings, possessing higher default risk. You must weigh YTM against your portfolio quality and your time horizon.
What’s best for an emergency fund?
An emergency fund requires saving 3-6 months of expenses, meaning planning for short-term goals. While debt funds like overnight or liquid funds are usually the preferred options due to their strong liquidity benefits, it is imperative for you to choose a fund that aligns with your financial personality.
Who can invest in debt funds?
Debt funds are suitable for investors who prefer easy liquidity, want low-risk investments, or aim for capital preservation.
Are debt funds better than equity funds?
A mutual fund scheme is designed with a specific purpose. Equity funds are for capital appreciation, while debt funds focus on capital preservation. It depends entirely on your personal finance goals, risk tolerance, and investment horizon. Choosing between debt and equity funds must align with what you want to achieve financially.
Disclaimer
The Information in the scoring and ranking model is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
Don't chase past returns.
Build a portfolio for the future
Our Advisory Includes
- Portfolio diversification
- Mutual fund tax harvesting
- Fund overlap check & more