Should I invest in Mahindra Manulife Overnight Fund - Daily IDCW?

We don't give personal investment advice. Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.0%. 5-year CAGR: 4.37%.

Mahindra Manulife

Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW

Latest NAV

₹1,238.7350

As of

3 Jun 2026

1,903 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	-0.01%	+0.02	35 / 72	Q2
1W	+0.11%	+0.01%	+0.10	4 / 72	Q1
2W	+0.19%	+0.01%	+0.18	11 / 71	Q1
1M	+0.41%	+0.06%	+0.34	8 / 71	Q1
3M	+1.25%	+0.21%	+1.04	7 / 70	Q1
6M	+2.51%	+0.39%	+2.13	7 / 70	Q1
YTD	+2.10%	+0.32%	+1.77	5 / 70	Q1
1Y	+5.24%	+0.59%	+4.65	5 / 69	Q1
2Y	+4.65%	+0.52%	+4.13	6 / 68	Q1
3Y	+3.09%	+0.63%	+2.46	7 / 66	Q1
4Y	+4.64%	+0.60%	+4.04	5 / 58	Q1
5Y	+4.37%	+0.30%	+4.07	2 / 52	Q1
7Y	+3.10%	+0.56%	+2.55	3 / 30	Q1
10Y	—	—	—	—	—
Inception	+3.16%	+0.68%	+2.49	7 / 72	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.10%	+0.34%	+1.75	5 / 65
2025	+5.68%	+0.59%	+5.09	4 / 63
2024	+1.46%	+0.79%	+0.67	9 / 68
2023	+6.15%	+0.79%	+5.36	7 / 62
2022	+4.56%	+0.56%	+4.00	3 / 55
2021	+1.86%	+0.20%	+1.66	3 / 51
2020	0.00%	+0.12%	-0.12	34 / 50
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+3.32%

72 windows

min 0.0% · max 9.6%

88% positive

3-Year rolling

+3.72%

48 windows

min 1.3% · max 4.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+3.39%

23 windows

min 2.5% · max 4.4%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.79%

3-year · annualised

Sharpe ratio

-4.37

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.00%

Peak to trough

% positive months

58.3%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Overnight Fund

Scheme	Fund house	NAV	As of
SBI Overnight Fund - Regular Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,365.1790	3 Jun 2026
Invesco India Overnight Fund - Regular Plan - Daily IDCW (Reinvestment)	Invesco	₹1,000.1395	3 Jun 2026
BANDHAN Overnight Fund - Regular Plan - Daily IDCW	Bandhan	₹1,000.0098	3 Jun 2026
quant Overnight Fund - IDCW Option - Regular Plan	Quant	₹12.3610	3 Jun 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND- Regular - Weekly Reinvestment of IDCW option	Aditya Birla Sun Life	₹1,000.7178	3 Jun 2026
Mirae Asset Overnight Fund Regular Daily IDCW	Mirae Asset	₹1,000.0068	3 Jun 2026
Kotak Overnight Fund-Regular Plan- Daily Reinvestment of Income Distribution cum capital withdrawal option	Kotak	₹1,004.7568	3 Jun 2026
Edelweiss Overnight Fund - Regular Plan - Annual - IDCW Option	Edelweiss	₹1,400.4044	3 Jun 2026
DSP Overnight Fund - Regular Plan - IDCW - Daily	DSP	₹1,000.0099	3 Jun 2026
HSBC Overnight Fund - Regular Daily IDCW	HSBC	₹1,000.0149	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,238.7350
2 Jun 2026	₹1,238.5696
1 Jun 2026	₹1,238.3831
31 May 2026	₹1,238.2146
29 May 2026	₹1,237.8635
28 May 2026	₹1,237.6893
26 May 2026	₹1,237.3541
25 May 2026	₹1,237.1885
24 May 2026	₹1,237.0273
22 May 2026	₹1,236.6871

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is ₹1,238.7350. It's a Overnight Fund from Mahindra Manulife, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW has NAV history starting from 24 Jul 2019, a track record of about 6 years 10 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Overnight Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW has delivered a absolute return of 5.24% — +4.65 pp ahead of the Overnight Fund category average of 0.59%. The fund ranks #5 of 69 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW has delivered a CAGR of 3.09% — +2.46 pp ahead of the Overnight Fund category average of 0.63%. The fund ranks #7 of 66 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW has delivered a CAGR of 4.37% — +4.07 pp ahead of the Overnight Fund category average of 0.30%. The fund ranks #2 of 52 in its category — the top (Q1) quartile.

₹1 lakh invested in Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW exactly 5 years ago would be worth approximately ₹123,850 today — a multiplier of 1.24×, based on the 5-year CAGR of 4.37%. The category average over the same window would have grown ₹1 lakh to ₹101,494.

A ₹10,000 monthly SIP in Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹670,734 today. That's an XIRR (money-weighted annualised return) of 4.40%.

Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹670,734 — XIRR 4.40%.

On a 5-year basis, Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW ranks #2 out of 52 funds in the Overnight Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 0.30%; this fund delivered 4.37%.

The worst peak-to-trough decline Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW has experienced over the last 5-year window is 0.00%. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW averaged 3.39% (best 4.37%, worst 2.49%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.15 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW returned 5.68% — beating the Overnight Fund category average of 0.59% by 5.09 pp. It ranked #4 of 63 in its category that year.

Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Mahindra Manulife Overnight Fund - Regular Plan - Daily IDCW is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.0%. 5-year CAGR: 4.37%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.