Overnight schemes cross Rs 50,000-crore, thanks to the low risk nature

Overnight schemes are now included in the larger-sized category, given the shift by investors — with daily liquidity needs — to such schemes, following the Securities and Exchange Board of India's (Sebi's) restrictions on liquid schemes. Average assets under management (AAUM) of these schemes stood at Rs 52,524 crore in January — a more than 4x jump since the beginning of the current financial year. The AAUM of overnight schemes in April 2019 was Rs 11,566 crore. According to industry players, institutional investors are showing appetite for these funds considering the low-risk and high-liquid nature of the underlying portfolio. 

Such schemes