Mahindra Manulife Overnight Fund is an Overnight fund run by Mahindra Manulife Mutual Fund. On 30-09-2026, it managed ₹73 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.0% a year and its Regular plan returned 5.9% a year and its Fund plan returned 0.0% a year.
NAV (Direct plan)
₹1,436.09
▲ 0.01% · 30-10-2026
NAV (Regular plan)
₹1,425.58
▲ 0.01% · 30-10-2026
NAV
₹1,000.00
▲ 0.00% · 30-10-2026
Expense ratio
0.10%Direct0.20%Regular0.10%Fund
0.10%
A year
Riskometer
Low
Set by the fund house
3 year return
6.0%Direct5.9%Regular0.0%Fund
6.0%
A year
Mahindra Manulife Overnight Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹1,436.09 (up 0.01% that day); Regular Plan Growth ₹1,425.58 (up 0.01% that day); ₹1,000.00 (up 0.00% that day).
This fund (Direct plan)
₹1,436.0886
Mahindra Manulife Overnight Fund Returns vs Overnight Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.45%
+1.29%
+2.58%
+5.24%
+6.01%
+5.77%
--
This fund (Regular)
+0.44%
+1.27%
+2.53%
+5.14%
+5.90%
+5.66%
--
This fund
0.00%
0.00%
0.00%
0.00%
0.00%
--
--
Overnight average
+0.45%
+1.28%
+2.59%
+5.22%
+5.99%
+5.75%
--
Best in Overnight
+0.47%
+1.33%
+2.79%
+5.48%
+6.16%
+5.89%
--
Worst in Overnight
+0.43%
+1.21%
+2.46%
+4.96%
+5.78%
+5.57%
--
Rank in Overnight
4/40
13/38
26/36
21/36
19/33
10/27
--
Category rows compare the Direct plans of 40 Overnight funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Liquid Overnight Index. Returns of that index are not available to us, so the category average is the comparison.
Mahindra Manulife Overnight Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
This fund
2026to date
+4.30%
+4.22%
0.00%
2025
+5.83%
+5.72%
0.00%
2024
+6.72%
+6.61%
0.00%
2023
+6.70%
+6.59%
0.00%
2022
+4.72%
+4.62%
--
2021
+3.24%
+3.13%
--
Mahindra Manulife Overnight Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,556 periods, one for each trading day from 24-07-2022 to 30-10-2026.
0%2%4%6%8%
Mahindra Manulife Overnight Fund (Direct)
Category average, 40 Overnight funds
Nov 2019 to Nov 2022Aug 2020 to Aug 2023May 2021 to May 2024Jan 2022 to Jan 2025Oct 2022 to Oct 2025Jun 2023 to Jun 2026
Mahindra Manulife Overnight Fund (Direct)Category average, 40 Overnight funds
0%
0%
Below 0%
36%
37%
0-5%
64%
63%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
2,286
5.4%
3.0%
6.8%
0%
5.4%
86%
2 years
1,921
5.8%
3.2%
6.7%
0%
5.7%
94%
3 years
1,556
5.7%
3.7%
6.5%
0%
5.7%
100%
5 years
825
5.3%
4.8%
5.8%
0%
5.3%
100%
7 years
95
5.1%
5.1%
5.1%
0%
5.1%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
76
5.4%
3.1%
6.8%
0%
5.4%
87%
2 years
64
5.7%
3.2%
6.7%
0%
5.7%
100%
3 years
52
5.9%
3.5%
6.6%
0%
5.9%
100%
5 years
28
5.9%
5.4%
6.0%
0%
5.9%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 40 Overnight funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Mahindra Manulife Overnight Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Mahindra Manulife Overnight Fund (Direct)This fund
Category average
Return (CAGR)
+5.24%
+5.19%
Standard deviation
0.04%
0.05%
Sharpe ratio
-0.14
-0.73
Sortino ratio
-0.40
-1.08
Maximum drawdown
0.0%
0.0%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Mahindra Manulife Overnight Fund (Direct)This fund
Category average
Return (CAGR)
+6.01%
+5.98%
Standard deviation
0.04%
0.05%
Sharpe ratio
-0.32
-0.61
Sortino ratio
-0.47
-0.93
Maximum drawdown
0.0%
0.0%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Mahindra Manulife Overnight Fund (Direct)This fund
Category average
Return (CAGR)
+5.77%
+5.74%
Standard deviation
0.05%
0.07%
Sharpe ratio
-0.55
-0.74
Sortino ratio
-0.70
-1.01
Maximum drawdown
0.0%
0.0%
From daily NAVs, 30-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Mahindra Manulife Overnight Fund (Direct)This fund
Category average
Return (CAGR)
+5.10%
+5.09%
Standard deviation
0.07%
0.08%
Sharpe ratio
-0.48
-0.56
Sortino ratio
-0.64
-0.77
Maximum drawdown
0.0%
0.0%
From daily NAVs, 24-07-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
0%0.1%
Mahindra Manulife Overnight Fund (Direct)
Category average, 40 Overnight funds
2020202120222023202420252026
Mahindra Manulife Overnight Fund (Direct)Category average, 40 Overnight funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Mahindra Manulife Overnight Fund (Direct)
0.0%
--
--
--
--
0.0%
Category average
0.0%
--
--
--
--
0.0%
From the Direct plan's daily NAV since 24-07-2019, adjusted for unit splits, and the average of the 40 Overnight funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Mahindra Manulife Overnight Fund vs Other Overnight Funds
The five Overnight funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Mahindra Manulife Overnight Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Overnight median
Cost rank (1 = cheapest)
Direct
0.06%
0.00%
0.03%
0.01%
0.10%
0.11%
18/40
Regular
0.14%
0.00%
0.03%
0.03%
0.20%
0.18%
23/39
Fund
0.06%
0.00%
0.03%
0.01%
0.10%
0.11%
18/40
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Overnight funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
5.14%
5.24%
0.10%
₹1,05,140
₹1,05,240
3 years
5.90%
6.01%
0.11% a year
₹1,18,765
₹1,19,135
5 years
5.66%
5.77%
0.11% a year
₹1,31,690
₹1,32,377
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Mahindra Manulife Overnight Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 24-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMahindra Manulife Overnight Fund (Direct)
₹8,80,000
₹10,82,034
₹2,02,034
5.6%
Regular planMahindra Manulife Overnight Fund (Regular)
Direct planMahindra Manulife Overnight Fund (Direct)Regular planMahindra Manulife Overnight Fund (Regular)Category averageCategory average, 40 Overnight fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mahindra Manulife Overnight Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
92.9%Cash and others
Asset
Fund
Category
Cash and others
92.9%
89.1%
Debt
7.1%
10.9%
Mahindra Manulife Overnight Fund Portfolio Holdings
As on 30-09-2026 · 3 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
364 Days Tbill 2026 · Treasury bill
SOVEREIGN
3.97%
364 Days Tbill 2026 · Treasury bill
SOVEREIGN
1.92%
182 Days Tbill 2026 · Treasury bill
SOVEREIGN
1.23%
Mahindra Manulife Overnight Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.10%
Expense ratio (Regular)
0.20%
Expense ratio
0.10%
Category
Overnight
Risk
Low
Benchmark
CRISIL Liquid Overnight Index
Launch date
23-07-2019
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹72.95 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
147564
ISIN (Direct)
INF174V01838
Scheme code (Regular)
147565
ISIN (Regular)
INF174V01812
Scheme code
149471
ISIN
Not available
NAV history
From 24-07-2019, 7.3 years
Exit load
Nil
Tax on Mahindra Manulife Overnight Fund returns
Mahindra Manulife Overnight Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
₹1,000.00
30-10-2026
₹1,316.8784
30-10-2026
direct
Growth
₹1,436.0886
30-10-2026
direct
Daily IDCW
₹1,439.6331
30-10-2026
regular
Growth
₹1,425.5768
30-10-2026
regular
Daily IDCW
₹1,264.3368
30-10-2026
About Mahindra Manulife Overnight Fund
Mahindra Manulife Overnight Fund is a mutual fund from Mahindra Manulife Mutual Fund. Its category is Overnight. It was launched on 23-07-2019. Its benchmark is CRISIL Liquid Overnight Index. At the end of September 2026 it held 3 securities.
Fund Manager
Rahul Pal
Fund manager of Mahindra Manulife Overnight Fund, since 23-07-2019
Amit Garg
Fund manager of Mahindra Manulife Overnight Fund, since 08-06-2020
Frequently Asked Questions for Mahindra Manulife Overnight Fund
What is the current NAV of Mahindra Manulife Overnight Fund?
The Direct plan NAV is ₹1,436.0886. The Regular plan NAV is ₹1,425.5768. The NAV is ₹1,000.00, as on 30-10-2026.
What are the returns of Mahindra Manulife Overnight Fund?
The Direct plan returned +5.24% in 1 year, +6.01% a year over 3 years, +5.77% a year over 5 years. The Regular plan returned +5.14% in 1 year, +5.90% a year over 3 years, +5.66% a year over 5 years. The fund returned 0.00% in 1 year, 0.00% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of Mahindra Manulife Overnight Fund?
The Direct plan charges 0.10% a year. The Regular plan charges 0.20% a year. The fund charges 0.10% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of Mahindra Manulife Overnight Fund?
Mahindra Manulife Overnight Fund managed ₹72.95 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Mahindra Manulife Overnight Fund?
At the end of September 2026 the largest holdings were 364 Days Tbill 2026 (3.97%), 364 Days Tbill 2026 (1.92%), 182 Days Tbill 2026 (1.23%). The fund held 3 securities in all.
How do I invest in Mahindra Manulife Overnight Fund?
Through Mahindra Manulife Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.
Who is the fund manager of Mahindra Manulife Overnight Fund?
Rahul Pal (since 23-07-2019), Amit Garg (since 08-06-2020).
What is the exit load of Mahindra Manulife Overnight Fund?
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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