360 ONE Overnight Fund collects Rs 200 crore during NFO period

360 ONE Mutual Fund has announced the successful close of the New Fund Offer (NFO) for its newly launched 360 ONE Overnight Fund, having garnered over Rs 200 crore during the subscription period. The new fund offer or NFO of the fund was open from July 1 to July 9.

The open-ended debt scheme, which invests in overnight securities, received interest from a wide base of investors, including corporates, HNIs, and individual investors looking for efficient short-term deployment of surplus funds.

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According to the fund house, the encouraging response reflects investor preference for low-risk, high-liquidity solutions.

The fund reopened for continuous sale and repurchase from July 14, with no exit load and a minimum investment amount of Rs 5,000 (and in multiples of Re 1 thereafter).

“We are pleased with the encouraging investor response to the 360 ONE Overnight Fund. This validates the market’s appetite for simple, low-risk, and liquid investment avenues—especially in uncertain or transitional market phases. Our commitment remains to offer intelligent solutions across time horizons and risk appetites," said Raghav Iyengar, CEO, 360 ONE Asset.

The 360 ONE Overnight Fund primarily invests in debt and money market instruments such as TREPs, reverse repos, treasury bills, certificates of deposit, and commercial papers—all with overnight maturities. It is suited for investors with a time horizon of one day to one month, who seek daily liquidity and reasonable returns over the short term without undue complexity.

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With this successful fund raise, 360 ONE Asset further strengthens its position as a provider of innovative yet prudent fixed income solutions, tailored for the evolving needs of Indian investors.

The fund is suitable for investors seeking regular income with high levels of safety and liquidity over short term and investment in debt and money market instruments with overnight maturity.