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NJ OVERNIGHT FUND

What Are Overnight Funds?

what are overnight funds what are overnight funds

Where Do Overnight Funds Invest?

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

NJ Overnight Fund

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

Why NJ Overnight Fund?

  • Lower interest rate risk
  • Ideal for parking surplus money pending deployment
  • Flexible investment time frame
  • Lower interest rate risk
  • Ideal for parking surplus money pending deployment
  • Flexible investment time frame
  • Lower credit risk compared to other mutual fund categories
  • Highly liquid portfolio
  • No exit load lock in period

Who Should Invest?

Investors looking for low risk funds
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.
Why Should You Invest
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
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
SIP Application: Rs.100/- and in multiples of Rs.1/- thereafter
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

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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 I) A-I    
Moderate (Class II)      
Relatively High (Class III)      
A relatively low interest rate risk and relatively low credit risk
NJ OVERNIGHT FUND Riskometer

The riskometer is based on the portfolio of March 31, 2025 and is subject to periodic review and change.

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

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