Investing idle business cash is now simpler with shootih (Indore)

Investing idle business cash is now simpler with shootih

SBI overnight mutual funds invest in debt and money market instruments with a maturity of up to one day, making it an ideal option for investors looking for an investment option to park their funds for a brief period. 2.96% of the fund?s investment, which is reserved for debt instruments, goes into government securities. The portfolio of overnight funds is designed to ensure capital preservation, manage liquidity, and lesser volatility, which makes these funds a suitable choice for corporate and retail investors with a conservative approach. Overnight funds, such as SBI overnight funds, are often loved by businesses with idle cash. Business owners with idle cash often look for investment options which provide them decent returns with limited exposure to credit and interest rate risk. The SBI overnight fund interest rate, as of 28th Feb 2023, stood at 5.06% when calculated annually. The fund has a high credit rating, which indicates low credit risk, which makes it one of the most preferred choices amongst corporate investors. Investing in SBI Overnight Mutual Fund is made easy with the help of online investment platforms like Shootih. Shootih is India?s First Business Wealth Management Platform, designed to provide investors with a user-friendly platform to invest their business idle cash in mutual funds with a few clicks. Moreover, the platform also offers investors various tools and features to track their investments and make informed investment decisions. Shootih also helps businesses with data-driven investment suggestions based on their risk appetite and ideal investment horizon; investors can select whether they want to invest for one day or a few years, and choose the fund that best fits their motive. Investing in mutual funds is now this simple. To learn more about, click here; https://shootih.com/mutual-funds/sbi-overnight-fund-regular-plan-growth/INF200K01LQ9