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This video explains about one of the type of debt mutual fund.Overnight funds are open-ended debt funds that invest in overnight securities or assets with a residual maturity of one day. At the start of each business day, the Asset Under Management (AUM) is held in cash; later, the fund manager invests in overnight bonds that mature on the next business day.
Video link
https://youtu.be/varBHSXk9oE
source
@suthakarsush5688
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