Zerodha Fund House Launches India’s 1st Growth Liquid ETF Scheme Named ‘Zerodha Nifty 1D Rate Liquid ETF’?
Banking & Finance
Zerodha Fund House on Wednesday announced a new scheme and India’s first growth liquid exchange-traded fund (ETF)—Zerodha Nifty 1D Rate Liquid ETF. The fund is expected to be listed on the NSE and BSE exchanges by January 24. The Zerodha Nifty 1D Rate Liquid ETF replicates the Nifty 1D Rate Index, which measures the returns generated by market participants lending in the overnight market. The ETF primarily invests in TREPS (Treasury Bills Repurchase) traded on the CCIL (Clearing Corporation of India Ltd) platform.
.The new scheme follows Nifty 1D Rate Index, which measures the returns generated by market participants lending in the overnight market, as its benchmark.
The scheme is designed to prioritize liquidity while maintaining a relatively low-risk profile
The fund is expected to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) exchanges by the 24th January 2024
About Zerodha Fund House:
Zerodha Fund House, an Asset Management Company (AMC), is a joint venture (JV) between Zerodha Broking Limited and Smallcase Technologies Pvt Ltd.
Chief Executive Officer (CEO) and Sales Head- Vishal Jain
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