fbpx

Top 5 OVERNIGHT FUNDS with Gulaq

0 48

best overnight funds india

As per SEBI, the overnight funds are an open-ended debt mutual funds that park money into ‘overnight securities’Investors who are looking forward to putting their money in these schemes put forward a redemption & purchase request for their choice of overnight mutual funds, especially during trading hours.  

An Overnight Mutual Funds – The Purpose  

Here: 

  • The purpose of overnight mutual fund is to offer the investor(s) the overall ability to use their cash reserve in a profitable and better way.  
  • The overnight mutual funds mature in a day; thus, this short-horizon fund allows investors to make a good use of the extra or idle cash they have. 
  • These funds carry low-risk. 
  • As said, these funds are mostly known as liquid instrument securities, thus, enabling investors to use their funds efficiently.  

Top 5 Overnight Mutual Funds as per Gulaq 

Here: 

  • L&T Overnight FundIt is a debt mutual fund scheme that was launched by L&T mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Jalpan Shah, and Shriram Ramanathan. Talking about it is of INR 1706 Cr, and the latest NAV is of INR 1552.31 (dated as of 24th Feb 2020). The fund growth is rated as low risk. Also, the minimum SIP investment amount is INR 1000, and, lumpsum is INR 10000.  
  • SBI Overnight FundIt is a debt mutual fund scheme that was launched by SBI mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by R Arun. Talking about AUM, it is of INR 12,668 Cr, and the latest NAV is of INR 3241.25 (dated as of 24th Feb 2020). The fund growth is rated as low risk. Also, the minimum SIP investment is INR 500, and, lumpsum is INR 5000.  
  • HDFC Overnight FundIt is a debt mutual fund scheme that was launched by HDFC mutual fund. Later on, it was introduced on 6th Feb 2002 to its investors. Talking about AUM, it is of INR 9596 Cr, and the latest NAV is of INR 2958.06 (dated as of 24th Feb 2020). The fund growth is rated as low risk. Also, the minimum SIP investment is INR 500, and lumpsum investment is INR 5000.  
  • UTI Overnight FundIt is a debt mutual fund that was launched by UTI mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Amandeep Chopra. Taking about AUM, it is of INR 4163 Cr, and the latest NAV is of INR 2723.51 (dated as of 24th Feb 2020). The fund growth is rated as low risk. Also, the minimum SIP investment is INR 500, and lumpsum investment is INR 1000.  
  • ICICI Prudential Overnight FundIt is a debt mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 18th Nov 2005 to its investors. Currently, the fund is managed by Nikhil Kabra, and Rahul Goswami. Talking about AUM, it is of INR 8126 Cr, and the latest NAV is of INR 299.92 (dated as of 24th Feb 2020). The fund growth is rated as moderate risk. Also, the minimum SIP investment is INR 100. 

 

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected]  or Whatsapp +91-9818894632

investmentin5minutes

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

No votes yet.
Please wait...
Voting is currently disabled, data maintenance in progress.

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept