Overnight funds offer investors two of the most desirable qualities of investment; safety and liquidity. That makes it an attractive investment choice for businesses with idle cash, as they can invest their funds one day and redeem them the next. Moreover, these funds can only invest in debt securities such as bonds and money market instruments, which are comparatively safer investment options than equity. Out of these options, HDFC Overnight Fund return can be a wise choice for business owners. These funds invest the majority of the investment amount in cash and cash equivalents and debt securities, which makes it latent to the interest and credit rate risk. The HDFC overnight fund interest rate, as on 13th March 2023, stood at 5.14% annually, while its returns since inception are 5.81%. And as the underlying securities mature every day, investors can park their idle cash in HDFC Overnight Fund return for a day or a weekend. Investing idle cash in mutual funds can help businesses build long-term wealth. Shootih-india?s First Business Wealth Management Platform is here to make investment simpler for businesses. The platform allows businesses to track, manage and grow their wealth with cash which otherwise would be idle. Shootih is designed to empower business owners to make the most of their business idle cash and make mutual funds investment simpler with the help of data-driven recommendations. Shootih helps businesses keep track of their investments by presenting a consolidated view of their holding on a single screen. Sounds perfect? There is more we can offer. So, wait no more and start your investment journey with Shootih with a free demo. To know more about Shooith and HDFC Overnight Fund interest rate, click here - https://shootih.com/mutual-funds/hdfc-overnight-fund-growth/INF179KB1HS3
Category: Financial Services
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