Chance to earn money in just 24 hours! Let us know about it in detail…

Overnight Mutual Funds are considered to be the safest funds to invest. These mutual funds mature within a day. These are not affected by the next day’s volatility in the market.

Know about overnight funds…

Those who have daily transactions of large sums of money, they overnight fund ,Overnight Fund You can earn by investing in Let me tell you. Surat businessman Karan Patel is in dilemma. Keep the amount of your daily business transactions in the bank account or not. This dilemma of Karan was removed by his friend. Friend asked him to invest money in overnight mutual fund, overnight mutual fund (Mutual Fund) There are funds that mature within a day. Recently Trust Mutual Fund has launched an overnight fund. The offer for this opens on January 17 and is closing on January 18. Although it is an open ended fund (open ended fund) Is. You can invest in it anytime. According to Value Research, the overnight fund is open for investment after about two years. Earlier this type of fund was open in 2020.

So let’s know what is overnight fund

Overnight Mutual Funds are considered to be the safest funds to invest. These mutual funds mature within a day. These are not affected by the next day’s volatility in the market. Investor can earn returns by investing money every day. With only one day maturity, the returns in these funds are not affected by market volatility. That’s why they are also considered safe.

The risk involved in investing in Overnight Mutual Funds is low. In this case the return is also not high. On maturity of one day only, the benefit of NAV growth will be available. According to data from Value Research, this category of funds has given returns of 3.12 percent in the last one year, 3.93 percent in three years and 4.63 percent in five years. If this money is kept in the current account of the bank, then no interest is earned on it.

useful for

Entrepreneurs who have daily transaction of large amount can earn money by investing their money in overnight fund instead of savings or current account…According to experts, the bank does not give any interest on the amount lying in the current account. Banks give low interest on savings account. Money is also transferred at the end of the quarter… that is, overnight funds prove to be much better than savings and current accounts.

Sandeep Bagla, CEO, Trust Mutual Fund, says that money with daily transactions should also be invested in overnight funds. The expenses for running the house can also be invested in this fund.

Money 9’s advice-Overnight funds are a great option for investors who want to invest for a week or less as they have a holding period of only one day.

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