Nippon India Mutual Fund launches Nippon India Nifty 1D Rate Liquid ETF Growth

NFO period: 16^th July - 18^th July, 2025

Highlights of the NFO:

• Scheme type - An open-ended scheme replicating/ tracking Nifty 1D Rate Index. A Relatively Low Interest rate risk and Relatively Low Credit Risk.


• Investment objective - The investment objective of Nippon India Nifty 1D Rate Liquid ETF - Growth 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 as represented by Nifty 1D Rate index before expenses, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking current income with high degree of liquidity. Investment in Tri-Party Repo on G-Sec or T-bills / Repo & Reverse Repo predominantly & Money Market Instruments., subject to tracking errors.


• Minimum Application Amount - Rs. 1000 and in multiples of Re. 1 thereafter.


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


• Fund Managers - Mr. Vikash Agarwal & Mr. Vivek Sharma


• Benchmark - Nifty 1D Rate Index