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NFO News Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Overnight Fund

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Overnight Fund

The NFO of the fund opens on October 30 and will close on November 1.
Team Cafemutual Oct 30, 2018

Aditya Birla Sun Life Mutual Fund has announced the launch of the Aditya Birla Sun Life Overnight Fund, an open-ended debt scheme investing in overnight securities.

The fund will invest in the money market & debt instruments of 1-day maturity i.e. any given day the fund manager will invest the money in instruments with maturity up to 1 day.

In the press release, the company said that, “The fund will offer investors a combination of safety along with high liquidity combined with reasonable returns. Owing to its strategy of investing in securities with 1-day maturity, the fund carries no duration risk and no credit risk. This makes it the safest possible investment avenue for an investor for very short-term investment tenors and one who seeks to avoid volatile market cycles.”

Benchmarked against CRISIL Overnight Index, Kaustubh Gupta is the fund manager of the scheme.

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1 Comment
S M Nagpal · 4 months ago
A good initiative. Will fill the much desired alternative to liquid funds
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