Kotak Mahindra Mutual Fund launches Kotak Nifty 1D Rate Liquid ETF

NFO period: 18^th January - 23^rd January, 2023

Highlights of the NFO:

• Scheme type - An open ended Exchange Traded Fund replicating/tracking NIFTY 1D Rate Index. A Relatively Low Interest Rate Risk and Relatively Low Credit Risk


• Investment objective - The investment objective of the Scheme is to invest in Triparty repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, closely correspond to the returns of the NIFTY 1D Rate Index, subject to tracking difference. There is 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 income over a short term investment horizon by investing in Tri-party repo on Government securities or treasury bills (TREPS).


• Minimum Application Amount - First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available - Currently, there are no plans under the scheme.


• Fund Managers - Mr. Abhishek Bisen and Mr. Satish Dondapati


• Benchmark - NIFTY 1D Rate Index