Groww Mutual Fund launches Groww Nifty 1D Rate Liquid ETF

NFO period: 16^th September – 20^th September, 2024

Highlights of the NFO:

• Scheme type – An open ended Exchange Traded Fund replicating / tracking Nifty 1D Rate Index. A relatively low interest rate risk and relatively low credit risk scheme


• Investment objective – The investment objective of the scheme is to provide current income, commensurate with relatively low risk while providing a high level of liquidity, primarily through a portfolio of Tri-Party REPO), Repo in Government Securities, Reverse Repos and similar other overnight instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking short Term savings solution by investing in securities covered by NIFTY 1D Rate Index.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Kaustubh Sule


• Benchmark – Nifty 1D Rate Index