DSP Mutual Fund launches DSP Overnight Fund

Mutual Fund
Jan 7, 2019 by Advisorkhoj Team | Mutual Fund | 4 Downloaded

NFO period: 07th January – 09th January, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in overnight securities

  • Investment objective – The primary objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. There is no assurance that the investment objective of the scheme will be realized.

  • Product suitability – The product is suitable for investor who are seeking reasonable returns with high levels of safety and convenience of liquidity over short term by investing in debt and money market instruments having maturity of upto 1 business day.

  • Minimum Application Amount – First investment is Rs. 500/– and any amount thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option with Payout and Reinvest Facility.

  • Fund Managers – Mr. Kedar Karnik and Mr. Rahul Vekaria

  • Benchmark – CRISIL Overnight Index (erstwhile CRISIL CBLO Index)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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