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HDFC AMC launches new scheme ‘HDFC NIFTY 1D Rate Liquid ETF’

22 Aug 2023 Evaluate

HDFC Asset Management Company (HDFC AMC), investment manager to HDFC Mutual Fund, has launched ‘HDFC NIFTY 1D Rate Liquid ETF’ (the Scheme). The investment objective of the scheme is to invest in Tri-Party Repos in 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. The captioned NFO opened on August 18, 2023, and closes on August 23, 2023.

The Scheme provides an attractive investment avenue for investors with a demat account, allowing them to earn returns with low risk while enjoying the benefits of liquidity. The Scheme can be used by active traders, Securities Brokers, PMS and AIFs, Family Offices etc. to manage surplus cash and earn returns on collateral pledged as margin with no MtM risk, as investment is in overnight TREPs.

HDFC Asset Management Company offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its customers.


HDFC Asset Mngt. Co Share Price

2792.40 129.80 (4.87%)
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