Bajaj Finserv Overnight Fund NFO: Key details you need to know

3 Jul 2023 , 11:29 AM

Bajaj Finserv Mutual Fund is launching NFO under its “debt category”, named as Bajaj Finserv Overnight Fund. This open-ended fund aims to provide reasonable returns commensurate with low risk and high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Investment strategy: The Scheme aims to provide an investment vehicle to meet the needs of the Investors who want to deploy their funds for a short period of time. Therefore, money market instruments like CD/CP/T-bill will have predominant allocation in the Scheme for most of the times though other tactical allocation to other instruments will also be utilized depending on market scenarios.

Asset allocation: The Scheme will invest in debt and money market instruments with Relatively Low Interest Rate Risk and Moderate Credit Risk with maturity up to 91 days.

Who should invest?

Investors with moderate risk appetite and want to invest for short term years in a mutual fund should invest in Bajaj Finserv Overnight Fund. 

Risk associated: Low to moderate level of risk.

Benchmark: Nifty Liquid Index B-1

Fund Managers: Mr. Siddharth Chaudhary and Mr. Nimesh Chandan.

The NFO is available for subscription from June 29 to July 4. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Bajaj Finserv Overnight Fund.