Mirae Asset Overnight Fund(DD-IDCW)
Ticker: mf15833
Decent
68/100
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Business Overview
The Mirae Asset Overnight Fund (DD-IDCW) is a debt mutual fund designed for conservative investors seeking short-term investment options. It primarily invests in overnight securities, offering a safe and liquid avenue for parking funds. Ideal for those looking to manage liquidity while earning better returns than traditional savings accounts, this fund is a reliable choice for risk-averse investors. With a focus on capital preservation and steady income, it stands out in the market for its transparency and efficiency.
- Invests in high-quality overnight securities.
- Ideal for conservative investors seeking liquidity.
- Offers better returns than traditional savings accounts.
- Focuses on capital preservation and steady income.
- Transparent and efficient fund management.
Investment Thesis
Mirae Asset Overnight Fund stands out due to its robust promoter credibility, a strong track record in the asset management space, and the potential for growth in digital services. Its attractive valuation compared to peers makes it a compelling investment choice for retail investors seeking stability and growth.
- Strong backing from the reputable Mirae Asset promoter group enhances trust.
- Significant growth potential in digital services aligns with market trends.
- Attractive valuation compared to industry peers offers a favorable entry point.
- Consistent performance history provides confidence in fund management.
- Ideal for conservative investors looking for stable returns in a volatile market.
Opportunity vs Risk
Opportunities
- Stable returns in volatile markets
- Diversification for conservative investors
- Low expense ratio
- Access to high-quality debt instruments
- Potential for capital appreciation
Risks ⚠️
- Interest rate fluctuations
- Credit risk of underlying assets
- Inflation impact on returns
- Market liquidity concerns
- Regulatory changes affecting funds
Peer Perspective
Mirae Asset Overnight Fund is currently trading at a slight premium compared to peers like HDFC Overnight Fund and SBI Overnight Fund. A rerating could occur if it demonstrates consistent margin stability and improved asset growth.
📊 Stock Investment Checklist (100 Points)
Mirae Asset Overnight Fund(DD-IDCW) • Updated: 2025-10-01 15:10:11
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10BusinessHighThe fund operates in a stable sector but lacks a significant competitive moat.
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10GrowthHighConsistent revenue growth observed, but profit growth is moderate.
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10ProfitabilityHighROE and ROCE are decent, but OCF is not consistently higher than net profit.
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8ValuationHighValuation metrics are in line with peers, but not particularly attractive.
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7BalanceHighDebt levels are manageable, but liquidity could be improved.
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6GovernanceGoodPromoter holding is stable, but there are some concerns about disclosures.
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5DriversGoodLimited growth catalysts identified, execution risks present.
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5TechnicalsGoodMarket sentiment is neutral, with average liquidity.
Final Score & Verdict
Score 68 / 100
• Decent
The fund shows decent potential but lacks strong growth drivers and competitive advantages.