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Business Standard
16-07-2025
- Business
- Business Standard
NFO Alert! Nippon India launches Nifty 1D Rate Liquid ETF; check details
Nippon India Nifty 1D Rate Liquid ETF: Nippon India Mutual Fund has launched the Nippon India Nifty 1D Rate Liquid ETF, an open-ended exchange-traded fund that aims to replicate the performance of the Nifty 1D Rate Index. The new fund offer (NFO) opens today, July 16, 2025 and closes on Friday, July 18, 2025. According to the scheme information document, the investment objective of the 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. However, there is no assurance that the investment objective of the Scheme will be achieved. The units of the scheme will be listed on the National Stock Exchange (NSE) for ongoing trading within 5 working days from the date of allotment. During the NFO, investors can invest a minimum of ₹1,000 and in multiples of ₹1 thereafter. There is no entry or exit load, and there is no lock-in period. As per the risk-o-meter, the principal invested in the scheme will be at low risk. "Investment in Debt & Money Market Instruments is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures," the AMC said in the SID. Vikash Agarwal and Vivek Sharma are the designated fund managers for the scheme. Agarwal is the senior fund manager, and Sharma is the fund manager at Nippon India Mutual Fund. Nippon India Nifty 1D Rate Liquid ETF: Who should invest? According to the SID, the scheme is suitable for investors seeking current income with a high degree of liquidity and investment in Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo predominantly and money market instruments. However, investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Time of India
01-07-2025
- Business
- Time of India
JioBlackRock Overnight Fund opens for subscription. Who should invest?
Jio BlackRock Mutual Fund has launched - JioBlackRock Overnight Fund , and the NFO of the fund is open for subscription and will close on July 2. The investment objective of the scheme is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity. The fund is an open-ended debt scheme investing in overnight securities with a relatively low interest rate risk and relatively low credit risk. Also Read | JioBlackRock Mutual Fund: 3 NFOs open for subscription today. Should you invest? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » This overnight fund is suitable for investors' regular income over a short term who may be in line with overnight call rates and want investment in debt and money market instruments with overnight maturity. The scheme will be benchmarked against the Nifty 1D Rate Index and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. Live Events The fund will allocate 0-100% in overnight securities or debt and money market instruments maturing on or before the next business day. The total assets of the scheme will be invested in debt securities and money market instruments maturing on or before the next business day. In case of securities with put and call options (daily or otherwise) the residual maturity (deemed or actual) shall be on or before the next business day. The scheme will offer only direct plans, and the plan shall offer only growth options. The minimum application amount for lumpsum investment is Rs 500 and any amount thereafter. The minimum amount for weekly, monthly, and quarterly Systematic Investment Plan (SIP) is Rs 500 and in multiples of Re 1 thereafter with a minimum of six installments. The exit load is nil on this overnight fund. The maximum total expenses ratio (TER) permissible under Regulation 52 (6) (c) is up to 2%. The principal invested in the scheme will carry low risk, as indicated by the scheme's riskometer. Who can invest? According to the Scheme Information Document (SID) of the overnight fund, the following persons are eligible and may apply for subscription to the units of the scheme - Resident Indian adult individual either singly or jointly (not exceeding three), minor through parent/lawful guardian, companies, bodies corporate, public sector undertakings, association of persons or bodies of individuals and societies registered under the Societies Registration Act, 1860 (so long as the subscription of units is permitted under their respective constitutions), religious and charitable trusts under the provisions of Section 11(5)(xii) of the Income Tax Act, 1961 read with Rule 17C of Income-tax Rules, 1962. Also Read | NFO Alert: JioBlackRock Money Market Fund opens today, offers low interest rate risk and moderate credit risk The others that are eligible for investment includes trustees of private trusts authorised to invest in mutual fund schemes under their trust deeds, Partnership Firms, Proprietorship in the name of the sole proprietor, Banks and Financial Institutions, Non-resident Indians (NRI)/Persons of Indian Origin (PIO) / Overseas Citizen of India (OCI) residing abroad on full repatriation basis or on non-repatriation basis, Army, Air Force, Navy and other para-military funds, Scientific and Industrial Research Organizations, Other Mutual Funds registered with SEBI. And lastly, Foreign Portfolio Investors subject to the applicable regulations, International Multilateral Agencies approved by the Government of India, Universities and Educational Institutions, and any other category of investor, so long as, wherever applicable, they are in conformity with applicable SEBI Regulations/RBI, etc. According to a release by ICRA , the provisional rating assigned to all three funds is [ICRA]A1+mfs. The provisional rating for the JioBlackRock Overnight Fund will be finalised upon the launch of the scheme, and analysis of the credit score of the scheme for at least three months, post launch, and its meeting the benchmark score for the assigned rating, the ICRA release said. According to the Sebi mandate, overnight funds make investments in overnight securities having a maturity of 1 day. Overnight funds are ideal for investors who need a very safe place to park their money for just a few days. These funds invest in instruments with a one-day maturity and carry minimal risk. They are well-suited for highly conservative investors, corporates, or individuals who want instant liquidity without exposing their money to market volatility. Also Read | JioBlackRock Liquid Fund NFO to open on June 30. A safe bet for regular income? In addition to the JioBlackRock Overnight Fund, the fund house has also launched a liquid fund and a money market fund as well. The new fund offer (NFO) of money market fund and liquid fund are open for subscription and will close on July 2. ICRA has assigned [ICRA]A1+mfs rating to the JioBlackRock Money Market Fund and the JioBlackRock Liquid Fund as well.
