Scheme type - An open-ended debt scheme investing in overnight securities. A relatively low-interest rate risk and relatively low credit risk
Investment objective - The 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved
Product suitability - This product is suitable for investors who are seeking to generate regular income over short term that may be in line with overnight call rates. To generate returns by investing in debt and money market instruments with overnight maturity.
Minimum Application Amount - Rs.1,000/- and in multiple of Re.1/- thereafter.
Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).