Lakshya Mutual Fund has launched a new Open Ended Growth scheme named "Lakshya Overnight Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 1,000.00 per unit, which will open for subscription from Sep 15 to Sep 21, 2026.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.
The fund manager of the scheme will be Sarthak Shah, while the performance of the scheme will be benchmarked against CRISIL Liquid Overnight Index.
The primary objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of one business day including TREPS (Tri- Party Repo) and Reverse Repo. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.