MUTUAL FUNDS
Mirae Asset MF introduces Overnight Fund
Oct-15-2019

Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Overnight Fund, an open ended debt scheme. The NFO opens and closes for subscription on October 15, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Mahendra Kumar Jajoo.

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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