New NFO Alert: 360 ONE Mutual Fund Launch 1st Overnight Fund

The headlines are buzzing with the new launch of the 360 One Overnight Fund NFO by the 360 ONE Mutual Fund, which was previously known as IIFL Wealth.

In the recent conference, Mr Ragav Iyengar, CEO of 360 ONE Asset Management, announced the launch of 360 ONE Overnight Fund on 1st July and will close on 9th July 2025.

However, the newly launched NFO by 360 ONE Mutual Fund will reopen its subscriptions for continuous sale and repurchase from 14th July 2025.

This latest NFO under the overnight mutual funds category is designed to offer investors a well-defined solution for managing short-term surplus while balancing safety, liquidity and reasonable returns over a short duration.

“We remain focused on delivering precise and purposeful solutions that will fulfil the varied needs of our investors. The launch of the 360 ONE Overnight Fund is a continuation of that approach, offering a well-structured option for short-term capital allocation. It is tailored for those who seek safety, liquidity and short-term deployment of surplus funds without much complexity,” said Raghav Iyengar, CEO, 360 ONE Asset.

The 360 ONE Overnight Fund is a good option for conservative investors, those in transition and companies looking to manage short-term cash needs.

Also read: Jio BlackRock Launches 1st Fund: JioBlackRock Overnight Fund

According to fund manager Milan Mody, the fund is designed to handle short-term money by offering high liquidity and low risk. It reinvests matured securities daily, helping investors manage their short-term financial goals smoothly and efficiently.

The Overnight Mutual Funds invest in such type of securities that mature within a day, making them one of the safest choices in fixed-income investments.

This type of fund is best suited for people or businesses looking to park their money for very short periods — from one day to a month — including corporates, high-net-worth individuals (HNIs) and retail investors.