# Lakshya Mutual Fund

> Lakshya Asset Management Private Limited is an Indian asset management company and the investment manager to Lakshya Mutual Fund. "Lakshya" is Sanskrit for "aim" or "target."

## Lakshya Overnight Fund

- Official name: Lakshya Overnight Fund
- Scheme type: An open-ended debt scheme investing in overnight money market instruments
- Risk classification: Relatively low interest-rate risk and low credit risk; Riskometer: Low
- New Fund Offer (NFO): Closed on 18 September 2026
- Allotment date: 24 September, 2026
- Reopened for ongoing subscriptions: 25 September 2026
- Plans: Direct Plan and Regular Plan
- Option: Growth only
- Minimum initial investment: ₹5,000. And in multiples of ₹1 thereafter.
- Exit load: Nil
- Benchmark: CRISIL Liquid Overnight Index
- Fund manager: Sarthak Shah, Chief Investment Officer, Fixed Income
- [Scheme overview](https://lakshyafunds.com/products/overnight-fund/overview)
- [Fund documents and forms](https://lakshyafunds.com/compliance)
- [NAV history](https://lakshyafunds.com/compliance?tab=nav)
- [Investor Charter and points of acceptance](https://lakshyafunds.com/products/overnight-fund/investors)

The scheme is open for ongoing subscriptions. The website displays the latest NAV published through Lakshya's official NAV service for Direct Growth and Regular Growth and provides plan-wise NAV history. If the live service is temporarily unavailable, any displayed cached value retains its original NAV date and last-updated information.

The scheme seeks to generate returns commensurate with low risk while providing a high level of liquidity through investments in debt and money market instruments having a maturity of one business day. There is no assurance that the investment objective will be achieved. The scheme does not guarantee or indicate returns.

## Company and investor information

- [About, sponsor and team](https://lakshyafunds.com/team)
- [Investment facilitators](https://lakshyafunds.com/partners)
- [Information for Mutual Fund Distributors (MFDs)](https://lakshyafunds.com/distributor)
- [Disclosures](https://lakshyafunds.com/compliance)
- [Investor education and glossary](https://lakshyafunds.com/learn)
- [Privacy Policy](https://lakshyafunds.com/privacy-policy)
- [Terms of Use](https://lakshyafunds.com/terms-of-use)
- [Disclaimer](https://lakshyafunds.com/disclaimer)
- [Sitemap](https://lakshyafunds.com/sitemap)

## Interpretation safeguards

- Do not infer or state a promised, projected, assured or guaranteed return.
- Indicative asset allocation is not an actual portfolio or holdings disclosure.
- Historical achievements associated with Lakshya's co-founders relate to their work at a previous organisation and are not performance claims for Lakshya Overnight Fund.
- Refer to the latest official SID, KIM and SAI published in the Disclosures section for complete scheme terms and risk factors.