MUTUAL FUNDS
Zerodha Mutual Fund files offer document for Overnight Fund
Sep-16-2024

Zerodha Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme investing in overnight securities named ‘Zerodha Overnight Fund’. It is a Relatively Low Interest Rate Risk and Relatively Low Credit Risk fund. The New Fund Offer price is Rs 1000. Entry load is not applicable and Exit load will be nil. The scheme offers only Growth Option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked against Nifty 1D Rate Index. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo).


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