Nippon India Mutual Fund introduces Nifty 1D Rate Liquid ETF
Nippon India Mutual Fund has launched Nippon India 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 July 16, 2025 and closes on July 18, 2025. The Entry Load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty 1D Rate Index and its fund managers are Vikash Agarwal and Vivek Sharma.
The investment objective of the scheme is to seek 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 as represented by Nifty 1D Rate index before expenses, subject to tracking error.
