Navi Mutual Fund is launching NFO under its “debt category”, named as Navi Overnight Fund. This open-ended fund aims to generate returns by investing in debt and money market instruments with overnight securities having maturity of 1 day.
Investment strategy: This scheme is positioned to meet the needs of those investors who want to deploy their funds for a short period of time with the least amount of risk. The returns would match the levels of risk taken in the portfolio.
Asset allocation: The Scheme will invest in debt and money market instruments with overnight maturity.
Who should invest?
Investors with low risk appetite and want to invest for short term should invest in Navi Overnight Fund.
Risk associated: Low to moderate level of risk.
Benchmark: CRISIL Liquid Overnight Index
Fund Managers: Ms Surbhi Sharma
The NFO is available for subscription from July 11 to July 14. 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 10/- 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 Navi Overnight Fund.
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