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Bajaj Finserv Mutual Fund is launching a new debt fund, Bajaj Finserv Overnight Fund, that seeks to invest in overnight securities with a relatively low-interest rate and low credit risk.

The New Fund Offer (NFO) period for the Bajaj Finserv Overnight Fund is from 29th June 2023 to 4th July 2023. The scheme re-opens for continuous repurchase and sale within 5 business days.

Investment Objective: The Scheme aims to provide reasonable returns commensurate with low risk and a high level of liquidity through investments made primarily in overnight securities having a maturity of 1 business day. There is no assurance that the investment objective of the Scheme will be achieved.

Bajaj Finserv Overnight Fund

Fund NameBajaj Finserv Overnight Fund
NFO Opening Date29th June 2023
NFO Closing Date4th June 2023
Re-open DateWithin 5 business days
Type of FundOvernight Fund
Fund ManagerMr Siddharth Chaudhary
Minimum Investment AmountINR 1,000
Minimum Additional Purchase AmountINR 1,000
Exit LoadNil
SuitabilityLow Risk
BenchmarkCRISIL Liquid Overnight Index
Plans and OptionsDirect and Regular PlanGrowth and IDCW Option


  • All additional investment amounts should be multiple of INR 1/-
  • Minimum SIP/SWP/STP for monthly frequency is INR 1,000/-

Who Can Invest in Bajaj Finserv Overnight Fund NFO?

Bajaj Finserv Overnight Fund is a debt fund that invests in debt, money market instruments, and cash and cash equivalent with overnight maturity. These debt securities mature the next day, and thus the fund is not exposed to any kind of interest rate risk or default risk.

Investors who want to generate income by investing for a very short period can consider investing in the scheme. Also, those who seek regular income over the short term may be in line with the overnight call rates. And investors with idle cash looking to generate returns over and above current accounts can invest in the scheme.

Furthermore, overnight schemes give easy access to funds, relatively stable returns, and offer high liquidity. Thus, are low-risk and suitable for short-term goals. As the name suggests, the minimum investment horizon is overnight for this fund.

Fund Manager

Mr Siddharth Chaudhary 

Mr Chaudhary joined Bajaj Finserv in July 2022 as a Senior Fund Manager – Fixed Income. He has 16 years of experience in Fixed Income Markets, of which 12 years were in the MF industry and 4 years in the Bank Treasury.

Prior to joining Bajaj Finserv, he was associated with Sundaram Asset Management Co. Ltd and Indian Bank. He is a CFA charter holder. And also completed the Securities Market Programme by the Indian Institute of Capital Markets.

Asset Allocation

Types of InstrumentsOvernight securities or debt/money market instruments maturing on or before the next business day
Maximum Allocation 100%
Minimum Allocation 0%
Risk ProfileLow

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Frequently Asked Questions

How Can I Invest in the Bajaj Finserv Overnight Fund?

You can invest in the Bajaj Finserv Overnight Fund through any of the following methods:
Offline: By filling out the Bajaj Finserv NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Bajaj Finserv mutual fund office.
Bajaj Finserv Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent

Is Bajaj Finserv Overnight Fund risky?

Since the scheme invests in debt securities that mature the next day, the fund is not exposed to any kind of interest rate risk or default risk. Thus, overnight funds are low risk schemes. 

Is there a lock-in period for Bajaj Finserv Overnight Fund?

No, the Bajaj Finserv Overnight Fund has no lock-in period.

When will the scheme open for ongoing subscriptions, switches and redemptions?

The Bajaj Finserv Overnight Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days.