Shootih; Making Investments Simpler for your Business (Indore)

Shootih; Making Investments Simpler for your Business

Mutual Funds investments can be an ideal way of parking business idle cash. However, finding the right mutual fund scheme that suits your risk appetite, ensures liquidity, and is comparatively safer. This is where overnight funds come in as an attractive investment option. Just like all mutual funds, overnight funds are subject to market volatility. However, they are much safer when compared to equity schemes as the underlying portfolio of the overnight funds comprises debt and money market instruments which are much latent to the credit and interest rate risks. One such option is the SBI Overnight Fund regular growth, which invests the majority, i.e. 96.99% of its investment amount, in cash and cash equivalents and the rest in debt securities. The securities under this scheme mature in one day, which ensures liquidity of the invested amount. As of March 13th, 2023, the SBI Overnight Fund interest rate, as of March 13th 2023, stood at 5.14%. Additionally, since the underlying securities mature every day, investors can park their idle cash in the fund for a day or weekend, making it an ideal investment option for businesses looking to maximise their returns. However, finding the right investment option is just the first step. Businesses also need to track and manage their investments effectively, which can be time-consuming and challenging. This is where Shootih comes in, India s first business wealth management platform, designed to simplify the investment journey for businesses. Shootih empowers business owners to make the most of their idle cash by providing data-driven recommendations and presenting a consolidated view of their holdings on a single screen. To learn more about Shootih and SBI Overnight Fund regular growth, click the link here: shootih.com/ mutual-funds/ sbi-overnight-fund-regular-plan-growth/ INF200K01LQ9