Choice MF introduces Overnight Fund
Choice Mutual Fund has launched Choice Overnight Fund, an open-ended debt scheme investing in overnight securities with relatively low-interest rate risk and relatively low credit risk. The NFO opens for subscription on July 01, 2026 and closes on July 03, 2026. The Entry Load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs. 1,000/- and in multiples of Re. 1/- thereafter for Growth Option and Rs.10,000/- and any amount thereafter for Daily IDCW Option.
The performance of the Scheme will be benchmarked against CRISIL Liquid Overnight Index and its fund manager is Rochan Pattnayak.
The objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
