Monarch MF introduces Overnight Fund
Monarch Mutual Fund has launched Monarch 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 September 03, 2026 and closes on September 07, 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 CRISIL Liquid Overnight Index and its fund manager is Sanjay Motta.
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.
