Mahindra Overnight Fund

Mahindra Overnight Fund

Mahindra Overnight Fund

Basic Details:
Fund House: Mahindra Mutual Fund
Launch Date: Jul 23, 2019
Benchmark: CRISIL Overnight Index
Riskometer: Low
Risk Grade:
Return Grade:
Type: Open-ended
The investment objective of the scheme is to seek to generate returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having a maturity of 1 business day including TREPS
(Tri-Party Repo), Reverse Repo and equivalent. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Benchmark CRISIL Overnight Index.
Minimum Application Amount:  Rs 1000 and in the multiplication of Rs 1 /- thereafter
Minimum Additional Purchase Amount: Rs 1000 and in the multiplication of Rs 1 /- thereafter
Plans and Options under the scheme: The scheme shall offer two plans viz Regular and Direct Plan with a common portfolio and separate Navs.
Direct Plan is only for investors who purchase /subscribe Units in the Scheme directly with the Fund and is not available for investors who route their investments through a
Distributor.
Investment Details
Return since Launch: 0.40%
Minimum Investment (R) 1,000
Minimum Addl Investment (R) 1,000
Minimum Withdrawal (R) 1,000
Minimum SWP Withdrawal (R) 500
Minimum Balance (R)
Exit Load (%) 0

 

Disclaimer: This post is only for knowing the information about the scheme. It does not give any advice or recommendations to investors. So, please offer documents carefully or consult your adviser before investing

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