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HDFC Mutual Fund launches HDFC NIFTY 1D Rate Liquid ETF

Aug 18, 2023 by News Team

NFO period: 18th August – 23rd August, 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 Tri-Party Repos in 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 errors. There is no assurance that the investment objective of the scheme will be realized.

  • Product suitability – The product is suitable for investors who are seeking current income with high degree of liquidity by investing in TREPS covered by the NIFTY 1D Rate Index.

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

  • Plan/ Options available – Presently the scheme does not offer any Plans/Options for investment.

  • Fund Managers – Mr. Vikash Agarwal

  • Benchmark – NIFTY 1D Rate Index (TRI)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)