Ab 10 rupaye mein mutual funds

Navi Mutual Fund has launched Navi Overnight Fund, an open-ended debt scheme that will invest in debt and money market securities having 1-day maturity. 

Notably, the fund house allows investors to invest in this fund with Rs.10. Further, investors can buy additional units in multiples of Re.1.

Overnight funds are considered one of the safest types of mutual funds, as they carry very minimal interest rate risk or credit risk. 

In a press release, Sachin Bansal, CEO, Navi Group said, "With overnight fund, which is our second debt mutual fund offering, we are looking to provide low-cost investment avenues to our customers while expanding our debt offerings. Combining the advantage of low expense ratio and high liquidity with the benefit of lower interest rate risk, the Navi Overnight Fund is yet another example of our customer-centricity.”