Lakshya MF introduces Overnight Fund
Lakshya Mutual Fund has launched Lakshya Overnight Fund, an open-ended debt scheme investing in overnight securities with relatively low-interest rate risk and low credit risk. The NFO opens for subscription on September 15, 2026 and closes on September 18, 2026. The Entry Load is not applicable and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000/- and in multiple of Re.1/- thereafter.
The performance of the Scheme will be benchmarked against CRISL Liquid Overnight Index and its fund manager is Sarthak Shah.
The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of one business day including TREPS (TriParty Repo) and Reverse Repo.
