Bajaj Finserv MF introduces Nifty 1D Rate Liquid ETF
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Bajaj Finserv Mutual Fund (MF) has launched Bajaj Finserv Nifty 1D Rate Liquid ETF, an open-ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on May 13, 2024 and closes on May 16, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1.
The performance of the scheme will be benchmarked against Nifty 1D Rate Index and its fund manager is Siddharth Chaudhary.
The investment objective of 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 that before expenses, closely correspond to the returns of Nifty 1D Rate index, subject to tracking error.
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