Zerodha Overnight Fund
A low-risk fund to park extra cash and earn daily returns
NFO Ends
Apr 2
Allotment
Apr 4
Risk
Low
Min. Investment
₹100
Ideal for
Short Term Parking
Emergency Fund
Low Risk Investors
About the fund
Zerodha Overnight Fund is a low-risk mutual fund designed for investors looking to park their surplus funds. It invests primarily in government-backed securities with a 1-day maturity, aiming to provide an efficient way to manage short-term funds with a relatively low interest rate and credit risk.
Zerodha Overnight Fund is a low-risk mutual fund designed for investors looking to park their surplus funds. It invests primarily in government-backed securities with a 1-day maturity, aiming to provide an efficient way to manage short-term funds with a relatively low interest rate and credit risk.
With no lock-in period and no exit load, this fund may be suitable for risk-averse investors looking to park idle funds or set aside money for emergencies. It can also act as a short-term investment option in one’s portfolio, potentially balancing risk during market fluctuations.
You can start investing in the Zerodha Overnight Fund with as little as ₹100.
Past Performance
Tax Implication
All gains/profits from the units of the Overnight Fund, irrespective of the holding period, will be considered as Short Term Capital Gains (STCG) and will be taxed as per the tax slab of the investor (plus 4% cess and surcharge, if any).
Fund Manager
Kedar has an experience of 17 years in financial markets, across multiple roles at Aditya Birla Sunlife AMC Ltd (ABSLAMC), including fund management for passive products, where he managed 13 ETFs and Index Funds in equity & commodity. Kedar's belief in his own words is - "Passive investing uses the collective intelligence of the market instead of manually picking stocks and works for most investors."
Downloads
Riskometer
Riskometer of the scheme
Riskometer of the scheme
Riskometer of the benchmark - NIFTY 1D Rate
This product is suitable for investors who are seeking*:
- Short Term savings
- To generate returns by investing in debt and money market instruments with overnight maturity
Investors should understand that their principal will be at Low Risk
Note - The product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when actual investments are made.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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