NFO Alert: Choice Mutual Fund Launches Choice Overnight Fund

Choice Mutual Fund has unveiled a New Fund Offer (NFO) for its Choice Overnight Fund. This open-ended debt scheme aims to generate returns commensurate with low risk and high liquidity through investments in overnight securities maturing in 1 business day. 

Investment Strategy and Fund Management 

The Choice Overnight Fund is designed to provide returns aligned with low-risk investments. The fund primarily invests in overnight securities with a maturity of 1 business day, ensuring a high level of liquidity.  

The fund manager, Rochan Pattnayak, will oversee the scheme from July 1, 2026. Mr. Pattnayak holds an MBA and has prior experience with Quant Capital Finance & Investments, Edelweiss Asset Management, Indus Equity Advisors, and Wolverine Equities & Markets UK. 

Fund Details and Key Information 

The NFO for the Choice Overnight Fund opens on July 1, 2026, and closes on July 3, 2026. The scheme is categorised as an open-ended debt fund with a minimum investment requirement of ₹1,000.  

The fund offers plans in Growth and IDCW Daily, with no lock-in period and an exit load of 0. The riskometer indicates a low-risk level, and the benchmark is the CRISIL Liquid Overnight Index. 

Read More: NFO Alert: ICICI Prudential Mutual Fund Launches Balanced Hybrid Fund! 

Conclusion 

The Choice Overnight Fund NFO is scheduled to open on July 1, 2026, and close on July 3, 2026, with a minimum investment of ₹1,000. The fund aims to provide low-risk returns with high liquidity through investments in overnight securities. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.