Mahindra Overnight Fund

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Mahindra Overnight Fund

Mahindra Mutual Fund has been comprised as a trust as per the arrangement of the Indian Trusts Acts, 1882. Afterward, Mahindra and Mahindra Financial Services Limited as the Sponsor and Mahindra Trustee Company Private Limited, as the Trustee. The Trust Deed has been enlisted under the Indian Registration Act, 1908.

The Mutual Fund has been enlisted with SEBI, under enrollment code MF/069/16/01. It tries to offer an assortment of common store plans dish India, with an uncommon spotlight on rustic and semi-urban territories.

Fundamental Details:

Reserve House: Mahindra Mutual Fund

Dispatch Date: Jul 23, 2019

Benchmark: CRISIL Overnight Index

Riskometer: Low

Hazard Grade: –

Return Grade: –

Type: Open-finished

The venture target of the plan is to look to produce returns proportionate with okay and giving an elevated level of liquidity, through investments made essentially in for the time being protections having a development of 1 business day including TREPS

(Tri-Party Repo), Reverse Repo and proportionate. Notwithstanding, there is no affirmation or assurance that the speculation goal of the plan will be accomplished. Benchmark CRISIL Overnight Index.

Least Application Amount: Rs 1000 and in the duplication of Rs 1/ - from there on

Least Additional Purchase Amount: Rs 1000 and in the duplication of Rs 1/ - from there on

Plans and Options under the scheme: The plan will offer two plans viz Regular and Direct Plan with a typical portfolio and separate Navs.

Direct Plan is just for speculators who buy/buy in Units in the Scheme straightforwardly with the Fund and isn't accessible for financial specialists who course their ventures through a

Wholesaler.

Investment Details

Return since Launch: 0.40%

Least Investment (R) 1,000

Least Addl Investment (R) 1,000

Least Withdrawal (R) 1,000

Least SWP Withdrawal (R) 500

Least Balance (R) –

Leave Load (%) 0

Disclaimer: This post is just for knowing the data about the plan. It doesn't offer any guidance or proposals to financial specialists. Along these lines, if you don't mind offer reports cautiously or counsel your guide before contributing