Angel One MF introduces Nifty 1D Rate Liquid ETF - Growth
Angel One Mutual Fund has launched Angel One Nifty 1D Rate Liquid ETF - Growth, an open-ended scheme replicating/tracking Nifty 1D Rate Index with relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on March 20, 2025 and closes on March 24, 2025. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty 1D Rate Index and its fund managers are Mehul Dama and Kewal Shah.
The investment objective of the Scheme is 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 before expenses, that track the total returns of Nifty 1D Rate Index, subject to tracking errors.
