Zerodha MF introduces Overnight Fund
Zerodha Mutual Fund (MF) has launched Zerodha 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 March 19, 2025 and closes on April 02, 2025. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs ? 100 and in multiples of ? 1 thereafter.
The performance of the scheme will be benchmarked against Nifty 1D Rate Index and its fund manager is Kedarnath Mirajkar.
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 1 business day including TREPS (Tri-Party Repo).
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