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

 

(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.​

(source:shriramamc.in)