NFO opens from 1st July to 9th July 2025. Minimum application amount is Rs. 5,000 (and in multiples of Re.1 thereafter). The scheme reopens for continuous sale and repurchase from 14th July 2025.
360 ONE Asset Management Limited (“360 ONE Asset”), announced the launch of the 360 ONE Overnight Fund, an open-ended debt scheme investing in overnight securities. This fund is designed to offer investors a prudent solution for managing short-term surplus funds while balancing safety, liquidity, and reasonable returns over the short term.
The New Fund Offer (NFO) is open from 1st July to 9th July 2025, with a minimum application amount of Rs. 5,000 and in multiples of Re. 1 thereafter. The fund will have no exit load, offering investors the flexibility to redeem at their convenience.
Overnight funds invest in securities that mature overnight or within one business day, making them among the lowest-risk options in the fixed-income space. These funds are particularly suitable for investors with an investment horizon of one day to one month, including corporates, HNIs, and individuals seeking to park funds for the very short term.
The 360 ONE Overnight Fund will invest in debt and money market securities such as certificates of deposit, commercial papers, TREPs, reverse repo and T-bills with overnight maturity.
Raghav Iyengar, CEO, 360 ONE Asset, said, “We remain focused on delivering precise and purposeful solutions that cater to the varied needs of our investors. The launch of the 360 ONE Overnight Fund is a continuation of that approach, offering a well-structured option for short-term capital allocation. It is tailored for those who seek safety, liquidity and short-term deployment of surplus funds without much complexity.”
Milan Mody, Fund Manager, Fixed Income, 360 ONE Asset, said, “The 360 ONE Overnight Fund is designed to manage short-term money needs by providing high liquidity and relatively low risk. With daily reinvestment of matured securities, the scheme seeks to provide a smooth and efficient avenue to address short-term financial requirements.”
Key Highlights of the 360 ONE Overnight Fund:
- Impact of Interest Rate Movement: Minor impact due to daily maturity
- Risk: Relatively low credit risk and interest rate risk
- Underlying Securities: Treasury Bills, TREPs, Reverse Repo, Certificates of Deposit, Commercial Papers with overnight maturity
- Suitability: Ideal for conservative investors, transitional investors, and corporates managing short-term liquidity
