Make wise investment decisions with Shootih!

It has been a long-term practice of business owners to invest their profits back into their businesses to sustain growth and increase profits. However, the pandemic has made it evident to business owners that focusing solely on profits should no longer be their priority, and they must prepare for unforeseen events. Hence, investing the whole revenue back in their business is no longer a go-to choice for businesses. Now businesses are looking for portfolio diversification. It is a goal that can be achieved with the help of Mutual Funds.

You can invest in overnight funds to start investing in mutual funds. Overnight Funds are open-ended funds investing in securities with a next-day maturity date. Owing to their nature and underlying securities, these funds inherit less, if not no, risk factors.

While mutual fund investment decisions are based on numerous factors, such as returns, asset allocation, and net assets, to name a few, we can say HDFC overnight fund may be a good choice for conservative investors with a low-risk appetite and low investment horizon.

Why overnight funds make a safer and better investment option:Returns:

The annualised returns from the HDFC Overnight Fund Direct Growth plan stood at 4.83% as of 23rd January 2023. Since its inception till 23rd January 2023, this fund has generated a return of 5.92%.

Safety option:

Overnight funds invest in securities with one-day maturity, which makes them latent to risks, such as credit and investment risks.

Short-term investment horizon:

As per the Scheme Information Document dated 23rd October 2022, the objective of the HDFC Overnight Fund is to generate returns by investing in debt and money market securities with overnight maturity. It makes the overnight funds suitable for investors looking for short-term investment options.

Low-Risk Factor:

Overnight funds are accompanied by low-risk factors which makes them ideal investment options for investors with a low-risk appetite and conservative outlook.

Overnight funds make a suitable alternative for businesses with excess cash in their account. With HDFC overnight fund growth plan, business owners can utilise the idle cash until it is needed anywhere else in the business. Though these funds provide lesser returns than high-risk equity funds, they are suitable alternatives for bank accounts. With better liquidity and reasonable HDFC overnight fund returns, investors stand to earn from overnight fund schemes.

You can invest in HDFC overnight fund growth plan and others with Shootih. Shootih is one of the leading platforms for business owners to park their money in overnight mutual funds. With Shootih, you can invest in the mutual funds of your choice for the weekend or holidays to make the most of your money which otherwise would be sitting idle in the bank account.

The intent of this article is to provide information. It is not an investment advisory, and the investors are suggested to read all the scheme-related documents carefully before investing.

Hope it helps you with all the vital facts you need. Stay tuned for more such exclusive articles!

For more information; please visit: https://shootih.com/mutual-funds/hdfc-overnight-fund-growth/INF179KB1HS3