Axis Mutual Fund launches Axis Overnight Fund

NFO period: 07^th March – 12^th March, 2019

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.


• Product suitability – The product is suitable for investors who are seeking regular income with high levels of safety and liquidity over short term by investing in debt and money market instruments with overnight maturity.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option.


• Fund Manager – Mr. Aditya Pagaria


• Benchmark – NIFTY 1D Rate Index