NJ Overnight Fund: Low-risk Investment

Where Do Overnight Funds Invest?

Overnight funds invest money in money market securities with residual maturity of one day viz. overnight repos, Gsec, tri-party repos (TREPs).

Income of overnight funds comes through interest payments on overnight assets. These investments mature in one day so there is no scope for capital gains for such funds.

Returns of overnight funds are driven by interest rates and liquidity in the overnight market for funds.

Why NJ Overnight Fund?

Who Should Invest?

Investors looking for a low risk option to time their investments into equity-oriented funds or use as a source for Systematic Transfer Plan (STP) into an equity-oriented fund.

Investors with surplus funds looking for liquidity, low risk + commensurate return will find these funds helpful.

Fund Features

Investment Objective

The investment objective of the scheme is to seek to generate returns commensurate with risk of investments in overnight instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Type of Scheme

An open ended debt scheme investing in overnight securities with a relatively low interest rate risk and relatively low credit risk.

Asset Allocation

Instrument	Indicative allocations (% of total assets)		Risk Profile
Instrument	Min	Max	High / Medium / Low
Overnight Securities*	0%	100%	Low

*TREPS, Government Repo/Reverse Repo (in Government Securities), Treasury bills, Government securities (Issued by both Central and State governments) and any other like instruments as specified by the Reserve Bank of India from time to time and approved by SEBI from time to time having maturity of 1 day.

Benchmark Index

NIFTY 1D Rate Index

Plan & Options

Regular Plan & Direct Plan
Each Plan offers the Growth Option.

Minimum Amount

Lumpsum Investment: Rs. 5000/- and in multiples of Re. 1/- thereof
Additional Application: Rs. 500/- and in multiples of Re. 1/- thereof

Minimum Redemption Amount

There is no minimum redemption criteria

Entry Load

Not applicable

Exit Load

Nil

SIP/STP/SWP

Available

Fund Manager

Mr. Viral Shah

Asst. Fund Manager

Mr. Dhaval Patel

Contact Us

Office address :
Unit No. 101A, 1st Floor, Hallmark Business Plaza, Bandra (East), Mumbai - 400051, Maharashtra.

Mail us at :
customercare@njmutualfund.com

Investors can lodge complaints as per the Online Dispute Resolution Methodology on the Online Dispute Resolution portal

Contact Number :
1860 500 2888 / 040-49763510
(Monday to Saturday from 9 am to 7 pm)

For SID, KIM, SAI and other related queries, log onto www.njmutualfund.com

POTENTIAL RISK CLASS
Credit Risk	Relatively Low (Class A)	Moderate (Class B)	Relatively High (Class C)
Interest Rate Risk	Relatively Low (Class A)	Moderate (Class B)	Relatively High (Class C)
Relatively Low (Class I)	A-I
Moderate (Class II)
Relatively High (Class III)
A relatively low interest rate risk and relatively low credit risk

The riskometer is based on the portfolio of July 31, 2023 and is subject to periodic review and change.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

NJ OVERNIGHT FUND