NFO period: 04th October - 06th October, 2022
Highlights of the NFO:
- Scheme type - An open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk
- Investment objective - The investment objective of the scheme is to provide reasonable returns commensurate with very low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
- Product suitability - The product is suitable for investors who are seeking regular income with high levels of safety and liquidity over short term by investing in fixed income instruments with overnight maturity.
- Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available - Direct Plan and Regular Plan. Each plan offers growth option only.
- Fund Managers - Mr. Dhawal Dhanani
- Benchmark - CRISIL Overnight AI Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
