• 1 Year Returns: -0.00%
• 3 Year Returns: 0.07%
• 5 Year Returns: 0.01%

• Others | 80.28%
• Miscellaneous | 16.69%
• G-Sec | 3.02%

• Reverse Repo | 80.47%
• TREPS | 16.69%
• 364 Days Tbill (MD 06/03/2025) | 1.82%
• 91 Days Tbill (MD 20/03/2025) | 1.21%
• 364 Days Tbill (MD 12/12/2024) | N/A%

• Cash & Equivalents | 96.98%
• Treasury Bills | 3.02%

The alpha ratio for the Mirae Asset Overnight Fund(M-IDCW) is 0.02

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the Mirae Asset Overnight Fund(M-IDCW) is 0.01

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the Mirae Asset Overnight Fund(M-IDCW) is 36.26

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the Mirae Asset Overnight Fund(M-IDCW) is 0.14

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.