MUTUAL FUNDS
Choice Mutual Fund files offer document for Overnight Fund
Mar-13-2026

Choice Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Choice Overnight Fund'. The New Fund Offer price for units would be Rs 100 during the NFO. Entry load and Exit load will be nil. The scheme offers Growth as well as IDCW option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance will be benchmarked against CRISIL Liquid Overnight Index. The minimum application amount for Growth Option will be Rs 1,000 and in multiples of Rs 1 thereafter, and for Daily IDCW Option- Rs 10,000 and any amount thereafter.

The investment objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.


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