To Generate Income Commensurate With Low Risk And High Liquidity By Investing In Overnight Securities Having Residual Maturity Of 1 Business Day. However, There Is No Assurance Or Guarantee That The Investment Objective Of The Scheme Will Be Achieved. The Scheme Does Not Assure Or Guarantee Any Returns.
Tax Implications
Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds