Investing in overnight fund option Zerodha fund withdrawal page

If I choose invest in overnight fund option in Zerodha console fund withdrawal page would my free cash be available next morning for taking trades.
And can I automate this process so that every day my free margin left is invested in these overnight funds.

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Ah no, you will have to exit it the next day and funds will be available for trading the day after. The idea with overnight is to give a better option than keeping money in your savings bank account.

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So we can remain invested in Overnight Fund as long as we want like any other fund?

Right.

What are the overnight funds?

Some times you can do google search, please. If you din’t understood then you can post here.

Can we pledge these fund to get collateral equivalent to Cash Component (like liquid bees)

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