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.
Investors can participate in this new fund offer (NFO) until March 24. This ETF is an ideal option for those looking to invest their extra capital safely while ensuring high liquidity and minimal risk.
Key Benefits of This ETF
This 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 of this ETF ensures that any daily earnings are automatically reinvested, increasing the Net Asset Value (NAV).
This feature eliminates the hassle of tracking fractional units, making it a simple and effective investment choice.
Hemen Bhatia, Executive Director and CEO of Angel One AMC, stated,
“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 (with additional investments in multiples of ₹1).
No Entry or Exit Load: Investors can enjoy maximum returns without extra charges.
Listing on NSE: The ETF units will be listed on the National Stock Exchange (NSE) within five working days from the allotment date, allowing investors to buy and sell them like regular stocks.
Fund Managers: The fund 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 an affordable investment option.
