Angel One Asset Management Company has introduced the Angel One Nifty 1D Rate Liquid ETF – Growth, an open-ended exchange-traded fund (ETF) designed to track the Nifty 1D Rate Index.
New Fund Offer (NFO) Period: Investors can subscribe to this ETF until March 24.
This fund is a great choice for those who want to invest their surplus money safely while ensuring high liquidity and minimal risk.
Key Benefits of the ETF
The ETF primarily invests in Tri-Party Repos (TREPS) backed by Government Securities (G-Secs) and Treasury Bills (T-Bills).
Since these investments mature overnight, they carry no mark-to-market (MTM) risk and have low credit risk.
The growth option reinvests daily earnings automatically, increasing the Net Asset Value (NAV) without the hassle of tracking fractional units.
Hemen Bhatia, Executive Director and CEO of Angel One AMC, highlighted:
“Angel One Nifty 1D Rate Liquid ETF – Growth is a smart and efficient way for investors to maximize returns on their idle funds.
It offers high safety, liquidity, and can even be used as a margin for trading. Its cost-effective structure makes it a great short-term investment option for all types of investors.”
Investment Details and Tax Benefits
Minimum Investment: ₹1,000 (additional investments in multiples of ₹1).
No Entry or Exit Load: Investors can earn maximum returns without extra charges.
Listed on NSE: ETF units will be listed on the National Stock Exchange (NSE) within five working days of allotment, allowing easy buying and selling like regular stocks.
Fund Managers: The ETF will be managed by Mehul Dama and Kewal Shah.
Tax Efficiency: Tax is applicable only when an investor sells units, and Securities Transaction Tax (STT) is not levied, making it a cost-effective investment option.
This ETF provides a safe, liquid, and tax-efficient way to grow idle funds, making it suitable for all types of investors.
