Choice Mutual Fund has launched a new Open Ended Growth scheme named "Choice Overnight Fund" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 100.00 per unit, which will open for subscription from Jul 01 to Jul 03, 2026.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Daily IDCW Reinvestment, Growth, IDCW-Daily.

The fund manager of the scheme will be Rochan Pattnayak, while the performance of the scheme will be benchmarked against CRISIL Liquid Overnight Index.

The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.