Navi Mutual Fund launches Navi Overnight Fund

NFO period: 11^th July – 14^th July, 2023

Highlights of the NFO:

• Scheme type – An open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk


• Investment objective – To generate returns by investing in debt and money market instruments with overnight securities having maturity of 1 day. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.


• Product suitability – This product is suitable for investors who are seeking regular income over short term that may be in line with the overnight call rates. To generate returns by investing in debt and money market instruments with overnight maturity.


• Minimum Application Amount – First investment is Rs. 10/-and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Default between Payout of Income Distribution cum capital withdrawal option & reinvestment of Income Distribution cum capital withdrawal Option: reinvestment of Income Distribution cum capital withdrawal option, Default IDCW: Frequency- Daily.


• Fund Manager – Ms. Surbhi Sharma


• Benchmark – CRISIL Liquid Overnight Index