Monarch Overnight Fund
An open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.
High Liquidity, Low Risk for Your Surplus Cash
NAV
₹1006.4647
Investment Objective
The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Fund Snapshot
| Feature | Details |
|---|---|
| Type | An open ended debt scheme investing in overnight securities. A relatively low-interest rate risk and relatively low credit risk. |
| Minimum Application | Minimum initial investment in the scheme / plan / option: Rs. 5,000/- and in multiples of Rs. 1/- thereafter. |
| Minimum Redemption | Rs. 1,000 or 1 unit or folio available balance (Whichever is lower). There is no minimum amount requirement, in case of investors opting to switch "all units" from any existing mutual fund schemes of Monarch Mutual Fund to this Scheme. |
| Entry Load | Nil. |
| Exit Load | Nil. |
| Plans/Options | Plans: Regular Plan and Direct Plan. Options: Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. IDCW Sub-Options: Payout of IDCW and Reinvestment of IDCW. |
| Riskometer | Low Risk |
| PRC Matrix | A-1 (Relatively low interest rate risk and relatively low credit risk) |
| Benchmark | CRISIL Liquid Overnight Index |
| Face value | Rs. 1,000/- |
Fund Management Team
Sanjay Motta
Fund Manager
Sanjay Motta is a qualified Chartered Accountant (B.Com, ACA) with over 26 years of experience spanning Management consultancy, financial reporting, Listed Comp...
Scheme Documents
Product Label
This product is suitable for investors who are seeking*:
- Regular income over short term that may be in line with the overnight call rates.
- To generate returns by investing in debt and money market instruments with overnight maturity.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
*The above 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 the actual investments are made.
Scheme Risk-o-meter
Investors understand that their principal will be at Low Risk
Monarch Overnight Fund
Benchmark Risk-o-meter
The risk of the benchmark is Low Risk
CRISIL Liquid Overnight Index
Potential Risk Class (PRC) Matrix
| 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) |
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Monarch Overnight Fund FAQs
Find clear answers on investing with Monarch, scheme timelines, account setup, and investor support.
Everything you need to know before you invest.
An open-ended debt scheme investing in overnight securities, with relatively low interest rate risk and relatively low credit risk (Riskometer: Low; PRC: A-I). Units have a face value of Rs.1,000. It is designed for money that needs to be back tomorrow — surplus cash, treasury balances, short-term parking.