Groww Overnight Fund

Investment Objective

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Stated Asset Allocation

Overnight securities or debt instruments* maturing on or before the next business day - 0% to 100% *instruments with residual maturity not greater than 1 business day, including money market instruments^, TREPS$ / reverse repo, debt instruments^^, including floating rate instruments, with overnight maturity. ^ Commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one day , call or notice money, certificate of deposit, usance bill and any other like instruments as specified by the Reserve Bank of India from time to time. ^^Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings, municipal corporations, body corporates, central government securities, state development loans and UDAY bonds, recapitalization bonds, municipal bonds and G-Sec repos and any other instruments as permitted by regulators from time to time. $or similar instruments as may be permitted by RBI/SEBI.

Exit Load

NA

Fund Managers

FM 1 - Mr. Kaustubh Sule , FM 2 - Mr. Ameya Sakpal

FM 1 - Primary, FM 2 - Comanage