Mahindra Manulife Overnight Fund vs Union Overnight Fund
Overnight Fund · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 16-Aug-2026
| Metric | Mahindra Manulife Overnight Fund | Union Overnight Fund |
|---|---|---|
| Latest NAV | ₹1,421.1 | ₹1,445.47 |
| 1-Year Return | +3.89% | +3.88% |
| 3-Year Return (CAGR) | +4.06% | +4.06% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 0.2% | 0.2% |
| Max Drawdown | −0.0% | −0.0% |
| Fund House | Mahindra Manulife Mutual Fund | Union Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Mahindra Manulife Overnight Fund vs Union Overnight Fund: which is better?
Mahindra Manulife Overnight Fund and Union Overnight Fund are both overnight fund mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised) the two funds are effectively neck and neck: Mahindra Manulife Overnight Fund at +4.06% versus Union Overnight Fund at +4.06%.
Both funds have shown similar volatility over the past year (about 0.2%). Looking at worst falls, Mahindra Manulife Overnight Fund's deepest drawdown in the stored history is −0.0% against −0.0% for Union Overnight Fund.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- 3-year returns are virtually identical (+4.06% vs +4.06%).
Frequently Asked Questions
Which fund has given higher returns — Mahindra Manulife Overnight Fund or Union Overnight Fund?
Over the past 3 year period their returns are almost identical: Mahindra Manulife Overnight Fund +4.06% and Union Overnight Fund +4.06% annualised. Past performance does not guarantee future results.
Which fund is less risky — Mahindra Manulife Overnight Fund or Union Overnight Fund?
Based on the trailing year, neither fund clearly separates on volatility (Mahindra Manulife Overnight Fund: 0.2%, Union Overnight Fund: 0.2% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Mahindra Manulife Overnight Fund and Union Overnight Fund?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Overnight Fund comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.