https://v2.webnotes.in/tags/treps/Recent content in TREPS on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/overnight-mutual-fund/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/overnight-mutual-fund/<p>An <strong>overnight mutual fund</strong> in India is an open-ended debt scheme that invests exclusively in debt and money-market instruments with a maturity of exactly one business day (overnight), under <a href="https://v2.webnotes.in/sebi-investment-management-department/">SEBI</a> &rsquo;s October 2017 scheme categorisation circular. The fund&rsquo;s entire portfolio is redeployed each business day into new overnight instruments, ensuring that at no point does the fund carry any instrument with a maturity beyond the next business day. This structure makes overnight funds the safest category within the Indian mutual fund universe: they carry effectively zero interest-rate duration risk and near-zero credit risk.</p>