Investment Objective:
The investment objective of the Scheme is to invest in Tri Party Repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the Scheme would be achieved
What is NIFTY 1D Rate Index?*
The Nifty 1D Rate Index has been developed to measure the returns generated by market participants lending in the overnight market.
NIFTY 1D Rate Index – Rolling Returns and Performance since Inception
| Return Period | Average rolling return (Return<1 year have been anualized) |
|---|---|
| NIFTY 1D Rate Index | |
| 15 Days | 6.81% |
| 30 Days (1 month) | 6.77% |
| 90 Days (3 month) | 6.82% |
| 180 Days (6 month) | 6.91% |
| 1 year | 6.86% |
Disclaimer: Past performance may or may not be sustained in future. For performance in SEBI Format please refer performance section.
(source:shriramamc.in)
Shriram Nifty 1D Rate Liquid ETF NFO:
| Mutual Fund | Shriram Mutual Fund |
| Scheme Name | Shriram Nifty 1D Rate Liquid ETF |
| Objective of Scheme | The investment objective of the Scheme is to invest in Tri Party Repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the Scheme would be achieved |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Other ETFs |
| New Fund Launch Date | 01-Jul-2024 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 03-Jul-2024 |
| Indicate Load Seperately | Entry: NIL Exit: NIL |
| Minimum Subscription Amount | Rs. 1,000/- and in multiples of Re. 1/- thereafter |
| For Further Details Please Visit Website | https://www.shriramamc.in |
(source:amfiindia)
Shriram Nifty 1D Rate Liquid ETF NFO
Application Form
Scheme Documents
(source:shriramamc.in)
Shriram Nifty 1D Rate Liquid ETF NFO Risk-o-meter :
This product is suitable for investors who are seeking*
- A stable, liquid alternative to traditional savings accounts
- Safety and liquidity for short-term funds
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.