NFO Alert: Helios Mutual Fund launches Helios Overnight Fund; all you need to know
credit risk. The primary objective of the scheme is to seek to generate returns commensurate with low risk and provide a high level of liquidity, through investments made in debt and money market securities having a maturity of one business day including TREPS (Tri-Party Repo) and Reverse Repo. However, there is no assurance or guarantee that the scheme's investment objective will be achieved.
Investors can invest under the scheme with a minimum investment of ₹5000 for growth option and ₹25,000 for IDCW. There is no upper limit for investment. Subject to the provisions of SEBI (Mutual Funds) Regulations, 1996 as amended from time to time and circulars issued thereunder, the AMC reserves the right to change the minimum application amount from time to time.
To date, many asset management companies (AMCs) have launched many such funds in the past. You may view some of them in the table below.Mutual Fund HouseName of the Liquid FundThree-year returns (in %)Baroda BNP Paribas Mutual FundBaroda BNP Paribas Overnight Fund4.60Canara Robeco Mutual FundCanara Robeco Overnight Fund4.55Groww Mutual FundGroww Overnight Fund4.42Invesco Mutual FundInvesco India Overnight Fund4.57Bank of India Mutual FundBank of India Overnight Fund4.68Axis Mutual FundAxis Overnight Fund4.62UTI Mutual FundUTI Overnight Fund4.58DSP Mutual FundDSP Overnight Fund4.60 The performance of the scheme will be benchmarked to the performance of the CRISIL Liquid Overnight Index. This scheme involves no “Entry Load", which means that investors do not have to pay anything to park their earnings in this scheme.
The “Exit Load" would also be “Nil". Alok Bahl and Utsav Modi are the designated fund managers of the scheme. The scheme involves “Low Risk" as per the
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