- Sometimes you might have some extra money that you don't need right away, but you know you'll need it soon, maybe in a few months or even just a few days or weeks.

- In these situations, you want to make sure that the money is safe and easy to access when you need it.

- Traditional saving instruments have been a popular option for storing such funds in the short term, but they tend to give low returns.

- Another option for investing very short-term funds could be an overnight fund, which is a type of short-term debt fund that can provide reasonable returns at the overnight/repo rate while maintaining relative safety and liquidity.

- Aditya Birla Sun Life Overnight Fund is one such open-ended debt fund. It invests in debt and money market instruments with maturity of just one day. These instruments typically comprise of Tri-party repo/reverse repo. This short duration keeps interest and credit risk low while maintaining liquidity. At the same it offers reasonable short term returns close to the repo rate.

- The fund is suited for a very short-term investing period (up to 1 year)

- Click Here to Understand What are Debt Funds?

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