Key Points
Replicating the Nifty 1D Rate Index, which measures the returns generated by market participants lending in the overnight market, Zerodha Fund House on Tuesday announced the launch of its new scheme and Indias first Growth Liquid ETF - Zerodha Nifty 1D Rate Liquid ETF...
The ETF primarily invests in TREPS (Treasury Bills Repurchase) traded on the CCIL (Clearing Corporation of India Ltd) platform..
To further enable more retail investors, the ETF will have a lower ticket size, starting with a NAV of 100, Vishal Jain, CEO, of Zerodha Fund House said...
India's newest asset management company Zerodha Fund House, which aims to disrupt the industry in Vanguard-style, had forayed mutual fund foray last year..
ZFH, which is a joint venture between Zerodha and fintech platform smallcase, would be offering only passive funds and with direct plans so that there are no transaction charges involved...
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