Mirae Asset Overnight Fund Direct Growth

Debt

Overnight

Low

29-Oct-2023

₹ 1193.61

Investment Returns (CAGR)

1 yr.
6.58

3 yr.
4.66

5 yr.
NA

Since Inception.
4.1%

How To Invest In Mirae Asset Overnight Fund Direct Growth

Investing directly in a Mirae Asset Overnight Fund Direct Growth, either through offline or online channels, is an option once your KYC formalities are in order. For those who prefer traditional methods, visiting the nearest fund branch is an alternative.
Online investment is the most user-friendly way to directly invest in Mirae Asset Overnight Fund Direct Growth schemes, providing the added benefit of saving on commissions. You have the flexibility to invest through the fund's website, its RTA's platform, or a fintech service. However, online investing might require managing multiple logins.
Opting for a Direct Plan entails taking on the responsibility of crafting a financial plan, selecting funds aligned with your goals, and regularly monitoring and rebalancing the portfolio. This approach suits investors who possess a solid understanding of Mirae Asset Overnight Fund Direct Growth. On the other hand, individuals with limited knowledge about Mutual Funds may find it more practical to invest through a distributor.

Investing in Mirae Asset Overnight Fund Direct Growth can be simplified into five straightforward steps for individuals looking to start

Step 1

Begin by assessing your risk profile, understanding your capacity for risk. This step is crucial to determine the level of risk you can take on when investing in Mutual Funds.

Step 2

Once you've completed your risk assessment, the next step is asset allocation. This involves dividing your investment between different asset classes, such as stocks and bonds, to achieve a balanced risk profile.

Step 3

The third step is to identify Mutual Funds that correspond to each asset class. You can evaluate these funds based on their past performance and investment objectives to make informed comparisons.

Step 4

Choose the specific Mutual Funds scheme in which you want to invest. You can initiate the application process either online or through offline channels.

Step 5

Diversify your investments and regularly monitor your portfolio to enhance your chances of achieving better results and higher profits.

Investing in Mirae Asset Overnight Fund Direct Growth online can be done in two primary ways

Creating an account on the official website of an Asset Management Company (AMC): Mirae Asset Mutual Fund has its official website where you can explore a variety of mutual funds in different categories. To invest, follow the instructions on the AMC's website, complete the required information, and submit your application. The KYC process can also be completed online, making use of your Aadhar Number and PAN. Your provided information is verified in the background, and you can start investing once successfully verified.

Using a mobile app: Mirae Asset Mutual Fund provide mobile applications for investing in mutual funds, making the process quick and hassle-free. These apps allow investors to invest in various mutual fund schemes, check account statements, buy or sell units, and access important portfolio details. Additionally, investors can explore and invest in funds from different fund houses through these apps.

Fund Overview

Fund Size (Rs.)
1253 Cr

Exit Load
Nil

Scheme Type
Growth

ISIN
INF769K01FG6

Expense Ratio
0.09%

Minimum SIP (Rs.)
1000

Launch Date
15-Oct-2019

Fund House
Mirae Asset Mutual Fund

Investment Returns Calculator

Monthly SIP

Lump Sum

Monthly investment

₹10000

Time period

3yr

Expected Annual Return

10%

Your results

Total Value of your Investment:

Invested Amount

Est. Returns

Result will be displayed here

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Total Value of your mutual fund

₹

You are eligible for

₹

50,000

Minimum portfolio value: ₹50,000

Interest Rate: 10% *

Choose tenure

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24 mon

installment options

Balloon

₹

416

per month

EMI

₹

4395

per month

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3 yr. CAGR
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About Mirae Asset Overnight Fund Direct Growth

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. ;