NFO period: 24^th July - 26^th July, 2023

Highlights of the NFO:

• Scheme type - An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with daily Income Distribution cum capital withdrawal (IDCW) and compulsory Reinvestment of IDCW option. A relatively low interest rate risk and relatively low credit risk


• Investment objective - The investment objective 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. The Scheme endeavors to provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate Index subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.


• Product suitability - This product is suitable for investors who are seeking a liquidity exchange traded fund that aims to provide returns commensurate with low risk and providing a high level of liquidity. Short term savings solution.


• Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available - Currently, there are no plan/options available under the scheme.


• Fund Manager - Mr. Amit Modani


• Benchmark - Nifty 1D Rate Index