Mutual fund houses have rushed to launch overnight funds, a category of debt mutual funds which invest in securities that mature in one day, in the aftermath of the IL&FS default which has propelled corporate investors towards more secure instruments.
ICICI Prudential Mutual Fund and Aditya Birla Sunlife Mutual Fund launched their new fund offers (NFOs) earlier this month while Reliance Mutual Fund, IDFC MF, Kotak MF and DSP MF have filed for offerings with the regulator and are awa ..
