NFO period: 13th May ? 16th May, 2024
Highlights of the NFO:
- Scheme type ? An open ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk
- Investment objective ? The investment objective of scheme is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo. The scheme will provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate index, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
- Product suitability ? The product is suitable for investors who are seeking short term savings solution. An open ended Exchange Traded Fund liquid scheme that aims to provide returns by investing in securities covered by Nifty 1D Rate Index with low risk and a high level of liquidity, subject to tracking error.
- Minimum Application Amount ? First investment is Rs.5,000/- and in multiples of Rs.1/- thereafter
- Plan/ Options available ? Currently, there are no plans under the scheme.
- Fund Manager ? Mr. Siddharth Chaudhary and Mr. Nimesh Chandan
- Benchmark ? Nifty 1D Rate Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)