Bajaj Finserv Mutual Fund launches Bajaj Finserv Overnight Fund

NFO period: 30^th June – 04^th July, 2023

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in overnight securities with Relatively Low Interest Rate Risk and Relatively Low Credit Risk


• Investment objective – The scheme 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. There is no assurance that the investment objective of the scheme will be achievedli>
  
• Product suitability – The product is suitable for investors who are seeking regular income over short term that may be in line with the overnight call rates by investing in money market and debt instruments, with overnight maturity.


• Minimum Application Amount – First investment is Rs.1,000/- and in multiples of Rs.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 sub-option, Reinvestment of Income Distribution cum Capital Withdrawal sub-option and Transfer of Income Distribution cum Capital Withdrawal sub-option.


• Fund Manager – Mr. Siddharth Chaudhary and Mr. Nimesh Chandan


• Benchmark – CRISIL Liquid Overnight Index