DHFL Pramerica MF introduces Overnight Fund

DHFL Pramerica Mutual Fund (MF) has launched the DHFL Pramerica Overnight Fund, an open ended debt scheme. The NFO opens for subscription on August 12, 2019 and closes on August 26, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against NIFTY 1D Rate Index and its fund managers are Kumaresh Ramakrishnan and Kunal Jain.

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