NJ Overnight Mutual Fund is designed to offer capital protection, liquidity, and stable returns for investors with surplus cash. It is suitable for conservative investors, as overnight funds invest in debt and money market securities with a maturity of one day, reducing market volatility risk. The fund ensures easy redemption and minimal exposure to interest rate fluctuations. It serves as an efficient solution for parking idle funds for a short duration while maintaining capital stability. NJ Mutual Fund’s offering provides a balanced approach between security and short-term financial flexibility.