Mirae Asset Overnight Fund(M-IDCW)

Ticker: mf15831
Decent 68/100

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Business Overview

Mirae Asset Overnight Fund (M-IDCW) is a low-risk mutual fund designed for investors seeking liquidity and stability. Ideal for conservative investors, it invests in overnight securities, ensuring minimal volatility while providing attractive returns. This fund is perfect for parking surplus funds for short durations, making it a reliable choice for both individual and institutional investors. Its focus on safety and liquidity makes it a crucial component of a balanced portfolio.

  • Low-risk investment option
  • Ideal for conservative investors
  • Invests in overnight securities
  • Provides liquidity and stability
  • Suitable for short-term financial goals

Investment Thesis

Mirae Asset Overnight Fund stands out due to its strong promoter credibility and robust digital services growth potential. The fund's attractive valuation compared to peers presents a compelling investment opportunity for retail investors seeking stability and growth in their portfolios.

  • 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 peer funds offers a favorable entry point.
  • Focus on liquidity and low-risk profile appeals to conservative investors.
  • Consistent performance track record reinforces confidence in fund management.

Opportunity vs Risk

Opportunities
  • Stable returns during market volatility
  • Diversification in investment portfolio
  • Potential for capital appreciation
  • Low expense ratio
  • Access to professional fund management
Risks ⚠️
  • Market fluctuations impact returns
  • Interest rate changes affect performance
  • Liquidity risks in redemption
  • Credit risk from underlying assets
  • Regulatory changes may impact fund

Peer Perspective

Mirae Asset Overnight Fund trades at a slight premium compared to peers like HDFC Overnight Fund and ICICI Prudential Overnight Fund. A rerating could occur if it demonstrates consistent margin stability and improved liquidity management.
📊 Stock Investment Checklist (100 Points)
Mirae Asset Overnight Fund(M-IDCW) • Updated: 2025-10-01 15:10:22
  • 10
    Business
    High
    The sector is stable but lacks significant growth drivers.
  • 10
    Growth
    High
    Consistent revenue growth but profit margins are under pressure.
  • 10
    Profitability
    High
    ROE and ROCE are decent, but OCF is inconsistent.
  • 8
    Valuation
    High
    Valuation metrics are slightly above peers.
  • 9
    Balance
    High
    Strong liquidity but moderate debt levels.
  • 7
    Governance
    High
    Promoter holding is good, but some pledging exists.
  • 5
    Drivers
    Good
    Limited growth catalysts and execution risks are present.
  • 2
    Technicals
    Low
    Weak momentum and low liquidity.
Final Score & Verdict
Score 68 / 100 • Decent
The fund shows decent potential but is facing challenges in profitability and growth drivers.