Encouraging response reflects investor preference for low-risk, high-liquidity solutions
FinTech BizNews Service
Mumbai, July 16, 2025: 360 ONE Asset Management Limited (“360 ONE Asset”) announced the successful close of the New Fund Offer (NFO) for its newly launched 360 ONE Overnight Fund, having garnered over INR 200 crore during the subscription period from 1st to 9th July 2025.
The open-ended debt scheme, which invests in overnight securities, received interest from a wide base of investors, including corporates, HNIs, and individual investors looking for efficient short-term deployment of surplus funds.
The fund reopened for continuous sale and repurchase from 14th July 2025, with no exit load and a minimum investment amount of Rs. 5,000 (and in multiples of Re.1 thereafter).
Raghav Iyengar, CEO, 360 ONE Asset, said, “We are pleased with the encouraging investor response to the 360 ONE Overnight Fund. This validates the market’s appetite for simple, low-risk, and liquid investment avenues—especially in uncertain or transitional market phases. Our commitment remains to offer intelligent solutions across time horizons and risk appetites."
The 360 ONE Overnight Fund primarily invests in debt and money market instruments such as TREPs, reverse repos, treasury bills, certificates of deposit, and commercial papers—all with overnight maturities. It is suited for investors with a time horizon of one day to one month, who seek daily liquidity and reasonable returns over the short term without undue complexity.
With this successful fund raise, 360 ONE Asset further strengthens its position as a provider of innovative yet prudent fixed income solutions, tailored for the evolving needs of Indian investors.
