Zerodha Fund House Launches Zerodha Overnight Fund
Zerodha Fund House announced the launch of the Zerodha Overnight Fund, an open-ended debt scheme investing in overnight securities. It aims to cater to the increasing demand for low-risk, short-term investment options and provides investors with more choices to manage their liquidity effectively.
The scheme opens for subscription on 19 March 2025, and will close on 2nd April 2025.
On the launch Vishal Jain, CEO, Zerodha Fund House commented, "By investing in overnight securities, we believe this fund will offer investors a reliable and liquid option for managing their short-term financial needs. The fund aligns with our mission to democratize investing and help investors achieve their financial goals.”
Zerodha Overnight Fund is designed for investors who want to generate returns in line with low risk while providing a high level of liquidity. The scheme primarily invests in debt and money market securities with a maturity of just one business day. With no exit load and NAV-based pricing, the fund allows for seamless subscription and redemption, providing flexibility to investors seeking short-term investment opportunities.
The Zerodha Overnight Fund aims to invest in instruments that carry low interest rate and credit risk, making it ideal for conservative investors. The fund will benchmark itself against the Nifty 1D Rate Index, which measures returns generated by lending in the overnight market.
Investors can subscribe with a minimum investment of ?100 during the NFO, and in multiples of ?1 thereafter. The fund will be available for investment on all major mutual fund platforms.
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