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LIC Mutual Fund launches overnight fund

Thursday, July 11, 2019, 4:49 PM

LIC Mutual Fund has launched a new fund named LIC Overnight Fund, an open ended debt scheme investing in overnight securities. The new fund offer will be open for subscription on 15 July. The scheme will be benchmarked against Nifty 1D Rate Index. The scheme offers two investment options-growth and dividend option.
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Aditya Birla Sun Life AMC launches ABSL Overnight Fund

Tuesday, October 30, 2018, 6:07 PM

Aditya Birla Sun Life AMC Limited launched Aditya Birla Sun Life Overnight Fund, an open-ended debt scheme investing in overnight securities. NFO opens today and will close on November.1. The fund will invest in the money market and debt instruments of one day maturity i.e. any given day the fund manager will invest the money in to the instrument with maturity upto one day.