Shriram Mutual Fund launches Shriram Nifty 1D Rate Liquid ETF

NFO period: 01^st July – 03^rd July, 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


• 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.


• Product suitability – This product is suitable for investors who are seeking a stable, liquid alternative to traditional savings accounts safety and liquidity for short-term funds.


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


• Plan/ Options available – There are no plans under the scheme. The scheme offers only Growth Option.


• Fund Managers – Mr. Deepak Ramaraju and Ms. Gargi Bhattacharyya Banerjee


• Benchmark – Nifty 1D Rate Index