SBI Mutual Fund launches SBI NIFTY 1D Rate Liquid ETF – Growth
SBI Mutual Fund, India’s largest fund house announces the launch of SBI NIFTY 1D Rate Liquid ETF – Growth, An open-ended Exchange Traded Fund replicating/tracking NIFTY 1D Rate Index. A relatively low-interest rate risk and relatively low credit risk. The New Fund Offer (NFO) period for the scheme is August 4 – 7, 2025.
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.
The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in Tri-Party REPOs, Repo in Government Securities, Reverse Repos and any other similar overnight instruments as may be provided by RBI and approved by SEBI and up to 5% in cash & cash equivalents. The NFO offer price (i.e., price per unit) would be Rs. 1,000 per unit. The fund manager is Mr. Jignesh Shah, who has been associated with the fund house since June 24, 2025. He currently also manages the SBI Nifty 10yr Benchmark G-Sec ETF (An open-ended Exchange Traded Scheme tracking Nifty 10 yr Benchmark G-Sec Index. A relatively high-interest rate risk and relatively low credit risk.) and SBI Nifty 1D Rate Liquid ETF – IDCW (An open-ended Exchange Traded Fund replicating/tracking NIFTY 1D Rate Index. A relatively low-interest rate risk and relatively low credit
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