Overnight Funds: With interest rates firming up, overnight funds are back in demand

[ad_1] overnight fund – Considered the safest category in debt mutual Fund There is renewed interest from investors looking to revamp their portfolio. The stock market is facing adverse conditions and Rate of interest Hoping to move forward, investors are parking Pennies In overnight funds, where the returns have increased from an average of 3% a few months ago to around 5%. Fund managers are also recommending overnight funds to avoid mark-to-market losses as interest rates are rising, while equity investors are investing in this category to conserve capital, before…