Samco Mutual Fund launches Samco Overnight Fund

NFO period: 04^th October – 06^th October, 2022

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 – The investment objective of the scheme is to provide reasonable returns commensurate with very low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• 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 fixed income instruments with overnight maturity.


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


• Plan/ Options available – Direct Plan and Regular Plan. Each plan offers growth option only.


• Fund Managers – Mr. Dhawal Dhanani


• Benchmark – CRISIL Overnight AI Index