NFO Alert: Nippon India Mutual Fund Launches Nifty 1D Rate Liquid ETF

Nippon India Mutual Fund has introduced a new open-ended ETF – Nippon India Nifty 1D Rate Liquid ETF – Growth. The scheme aims to mirror the performance of the Nifty 1D Rate Index. It carries relatively low interest rate risk and credit risk. The NFO opens for subscription on July 16, 2025 and closes on July 18, 2025.

Investment Structure

The scheme will invest 95-100% of its assets in instruments forming part of the Nifty 1D Rate Index. These include Tri-Party Repos, Treasury Bills, and Government Securities with short maturities. Up to 5% may be held in cash or money market instruments.

Units of the ETF will be listed on the National Stock Exchange within 5 working days from the date of allotment. Investors can buy or sell a minimum of one unit on the exchange. Large investors can transact directly with the fund in creation units of 2,500 units or more.

New Fund Offer Details

NAV and Tracking

NAV will be calculated and disclosed daily by 11:00 PM and made available on AMFI and Nippon India’s website. Indicative NAV will also be updated on the AMC website during market hours. The scheme does not invest in derivatives or foreign assets.

Read More: Best Mutual Funds for Lumpsum Investment for July 2025!

Conclusion

This ETF tracks the Nifty 1D Rate Index with low-risk instruments and is for short-term liquidity-focused investors. It adds to Nippon India’s range of passive debt products with exchange-traded accessibility and a defined index-linked approach.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.