What type of debt instrument does an overnight fund primarily invest in?

What is the typical maturity period of securities held by an overnight fund?

Why is the performance of different overnight funds generally similar?

What does 'Macaulay Duration' of a bond indicate?

What is the typical Macaulay Duration range for an ultra-short duration fund?

What type of investor might find an ultra-short duration fund suitable?

What was the primary reason for the decline in the NAV of Franklin India's Ultra-short bond fund in the Vodafone case?

What is a key takeaway regarding the risk associated with debt funds?