MUTUAL FUNDS
Monarch Mutual Fund files offer document for Overnight Fund
Aug-14-2026

Monarch Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Monarch Overnight Fund ‘. The New Fund Offer price will be Rs 1000 per unit during the NFO. Entry load and Exit load will be nil. The Scheme offers growth and 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 will be Rs 5000 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 primarily in overnight securities having maturity of 1 business day.

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