NFO Alert: 360 ONE Mutual Fund launches overnight fund
360 ONE Overnight Fund
, an open-ended debt scheme investing in overnight securities.
The New fund offer or NFO of the fund is open for subscription and will close on July 9. The scheme reopens for continuous sale and repurchase from July 14.
Also Read |
JioBlackRock Overnight Fund opens for subscription. Who should invest?
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View
Details
»
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
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, according to a press release.
The 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.
Live Events
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.
'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,' said
Raghav Iyengar
, CEO, 360 ONE Asset.
According to the press release, the funny is ideal for conservative investors, transitional investors, and corporates managing short-term liquidity.
'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,' said Milan Mody, Fund Manager, Fixed Income, 360 ONE Asset.
Also Read |
JioBlackRock Mutual Fund: 3 NFOs open for subscription today. Should you invest?
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 release said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
9 minutes ago
- Economic Times
Stock market hit by $11 billion exodus in 1 month. Why company insiders are cashing out now
India's booming stock market has seen a significant $11 billion selloff by insiders and promoters in a single month, raising questions about market peaks and maturity. This exodus includes notable exits from major companies, balanced by increased investment from domestic institutions and retail investors. Experts suggest varied motivations behind the sales, from profit-taking to strategic rebalancing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's soaring equity markets have triggered an exodus of insiders and promoters who have dumped a massive $11 billion worth of stocks in just one month. The unprecedented scale of selling has investors questioning whether smart money is fleeing at the peak or if India's market is mature enough to handle the selloff."Insider and promoter (majority shareholder) stake sales accelerated in May-June 2025 following the sharp rerating of the Indian market, with insiders and promoters selling Rs 95,000 crore ($11 billion) in the past one month alone," Kotak Institutional Equities said in a selling wave has swept across marquee names, with large exits witnessed in Bharti Airtel Asian Paints and IndiGo over the past two months. The scale of individual transactions tells the story of a market where big players are cashing out: Vishal Mega Mart's promoter Samayat Services sold stakes worth Rs 10,220 crore, while Bajaj Finserv saw promoter stakes worth Rs 3,504 crore and Rs 2,002 crore change hands in separate non-strategic investors have also joined the exit parade, with BAT selling its ITC stake worth $1.5 billion and RIL offloading its Asian Paints holdings valued at $1.1 numbers reveal a fundamental shift in market dynamics. Private promoter holdings in the BSE-200 Index have declined to 37% in the March 2025 quarter from 43% in March 2021, reflecting a steady selldown in promoter stakes. Meanwhile, domestic investors have stepped up aggressively, with their combined holdings (mutual funds, banking and financial institutions, and retail) surging by 430 basis points to 25.2% from 20.9% over the same portfolio investors haven't been immune to the rebalancing act either, with their holdings dropping to 20.2% from 24.4% during the same timeframe."The increased supply can be seen as a stabilising force to absorb the flows coming into the capital markets. It is providing incremental avenues to the money managers to invest & keeping the price levels in check at aggregate level," said Atul Bhole, Executive Vice President and Fund Manager at Kotak Mutual Bhole offers a nuanced perspective on the selling frenzy: "Promoters paring their stakes is an obvious signal that they are considering their shares trading at higher than fair valuations. However it needs to be seen as an additional input in an investment evaluation. There can be errors of judgement about future potential or promoters can also have different goals like diversification or other uses like charity, buying real estate etc at a particular life stage."Mihir Vora, CIO at TRUST Mutual Fund, views the supply pressure as a natural market phenomenon. "Some supply pressure is inevitable when markets rally — and to an extent, it's healthy. It improves free float and brings price discovery in names that were tightly held. In many cases, we've seen these sales met with strong institutional demand, especially from domestic mutual funds and insurers."The key question for investors is intent. "We look at the intent behind the sale. If promoters are monetizing to invest back into the business, or if PE/VC funds are exiting after long holding periods, it's not a concern. What we avoid are situations where exits are paired with governance red flags or signs of operational stress," Vora analysis suggests multiple motivations behind the selloff: "We would note that insiders and promoters may have several reasons (business strategy, group and promoter debt) for selling stakes."What's particularly striking is how retail households, channeling investments through domestic institutional investors, have emerged as the primary buyers. "It is obvious that retail households (through DIIs) have bought at the expense of FPIs and insiders," the Kotak report India's equity markets continue their remarkable ascent, the $11 billion insider exodus serves as both a reality check and a testament to the market's maturation. Whether this represents smart money taking profits at the peak or simply a healthy rebalancing act will likely determine the market's trajectory in the coming months.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
India Today
15 minutes ago
- India Today
EPF, NPS can build Rs 12 crore retirement fund. Tax expert breaks it down
A tax-free salary today and a Rs 12 crore retirement corpus tomorrow. That's the financial outcome tax expert Sujit Bangar says is possible using just two tools: the Employees' Provident Fund (EPF) and the National Pension System (NPS).For salaried individuals earning up to Rs 14.65 lakh annually, Bangar believes this combination offers the best of both worlds: zero tax under the new regime and long-term wealth a recent LinkedIn post, Bangar, who is the founder of shared a straightforward calculation. Take a 30-year-old earning Rs 75,000 a month. If this person contributes Rs 12,500 each to EPF and NPS — a figure that includes both employee and employer shares — and increases both salary and investments by 8% every year, the results can be substantial. Over a 30-year period, the EPF contribution would grow into a corpus of Rs 4.74 crore, while the NPS investment would reach Rs 7.42 that's a retirement fund of Rs 12.16 crore, most of it makes this strategy more appealing, according to Bangar, is how it aligns with the tax rules under the new income tax contributions of up to 12% of basic salary in EPF and up to 14% in NPS are tax-exempt. When structured correctly, these exemptions can effectively eliminate any tax liability for those with annual salaries up to Rs 14.65 in Bangar's view, offers stability and predictable growth. It earns 8.25% interest annually, and the maturity amount is tax-free after five those who want to increase their fixed-income exposure, additional contributions can be made through the Voluntary Provident Fund. NPS, meanwhile, brings flexibility and higher return potential. It allows investors to choose between an equity-heavy or age-based investment mix. Historically, NPS returns have ranged between 9 to 11%.At the time of retirement, 60% of the corpus can be withdrawn without tax, while the remaining 40% is used to purchase an annuity that provides monthly maximise the benefits, Bangar suggests starting with a higher equity allocation in NPS during early working years and gradually shifting to debt as retirement approaches. He also recommends using the Systematic Lump Sum Withdrawal option post-retirement to avoid large tax he cautions that neither product is a one-size-fits-all solution. EPF has limited liquidity, which means it shouldn't be relied on for short-term financial needs. NPS, by design, requires that 40% of the retirement corpus be locked into an annuity, which cannot be withdrawn during the retiree's lifetime. These tools are best used as part of a long-term strategy, not for meeting every investment for those focused on tax efficiency and retirement security, the case for EPF and NPS is strong.(Disclaimer: This article is for general informational purposes only and does not constitute financial advice. Readers are encouraged to consult a certified financial advisor before making any investment or financial decisions. The views expressed are independent and do not reflect the official position of the India Today Group.)- EndsMust Watch
Time of India
16 minutes ago
- Time of India
Maharashtra government removes 2289 ineligible women from Mukhyamantri Ladki Bahin scheme
MUMBAI: An investigation by the Maharashtra government has found out that a total of 2,289 women government employees were beneficiaries of the Mukhyamantri Ladki Bahin scheme, state development minister Aditi Tatkare said in a written reply to the Maharashtra assembly. Tired of too many ads? go ad free now Upon identification, the benefits of the scheme were discontinued for the women, Tatkare said. The Ladki Bahin Yojana, launched by the Women and Child Development Department and the Government of Maharashtra, aims to provide financial support to eligible women across the state. Under the scheme, women from age group 21 to 65 are given financial benefit of Rs 1,500 through direct benefit transfer for improving their health and nutrition and strengthening their decisive role in the family. Earlier today, in a major move to boost industrial development and job creation in Maharashtra, the Cabinet Sub-Committee on Industries, chaired by chief minister Devendra Fadnavis, approved investment proposals worth Rs 1,35,371.58 crore in thrust sectors and high-technology-based industries. These projects are expected to generate around 1 lakh direct and indirect employment opportunities across the minister Devendra Fadnavis stated that these projects would promote technological innovation, research, development, and employment generation, strengthening Maharashtra's industrial ecosystem. The 12th meeting of the cabinet sub-committee, formed under the CM's leadership to approve incentives under the package scheme of incentives (PSI) and thrust sector policies for large and mega projects, was held today in the committee hall at the state legislature. Deputy CMs Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant, chief secretary Rajesh Kumar, Additional chief secretaries OP Gupta (Finance), Rajgopal Deora (Planning), and other senior officials from various departments were present. Tired of too many ads? go ad free now A total of 19 large, mega, and ultra-mega projects were considered for special incentives based on their investment scale and employment potential. Of these, 17 projects were approved. The projects include manufacturing in semiconductors, silicon ingots and wafers, solar cells and modules, EV components, lithium-ion batteries, aerospace and defence equipment, textiles, green steel, and greenfield gas-to-chemicals production. These 17 approved projects will bring in investments worth Rs 1,35,371.58 crore and create approximately 1 lakh direct and indirect employment opportunities in Maharashtra.
