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SBI Mutual Fund launches SBI NIFTY 1D Rate ETF

Oct 23, 2023 by News Team

NFO period: 23rd October – 26th October, 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 generate returns, before expenses, that correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme would be achieved.

  • Product suitability – The product is suitable for investors who are seeking short term income solution by investing in securities covered by NIFTY 1D Rate index.

  • 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. Tejas Soman

  • Benchmark – NIFTY 1D Rate Index

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