New Delhi, May 20 (PTI) HSBC Global Asset Management Monday announced the launch of an open-ended debt scheme that will invest in securities with overnight maturity.

The company's scheme -- HSBC Overnight Fund -- seeks to offer reasonable returns with low risk and high degree of liquidity through investments in overnight securities and the new fund offer would open from May 21 to May 22, HSBC said in a release.

"It is ideal for investors who want to invest their liquid funds with the least amount of interest rate risk or credit risk while earning market related returns," HSBC Global Asset Management CEO Ravi Menon said. PTI

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