Angel One Asset Management Company (AMC) has launched the Angel One Nifty 1D Rate Liquid ETF – Growth.

The New Fund Offer (NFO) will be open for subscription till March 24, 2025.

The ETF will invest in Tri-Party Repos (TREPS) on Government Securities (G-Secs) and Treasury Bills (T-Bills) with overnight maturity. This structure aims to provide liquidity, low credit risk, and no Mark-to-Market (MTM) risk.

The Growth option ensures reinvestment of daily earnings, reflecting in the Net Asset Value (NAV).

NFO details

Subscription period: March 20 – March 24, 2025

Minimum investment: ₹1,000 (in multiples of ₹1)

Entry and exit load: None

Fund managers: Mehul Dama and Kewal Shah

Listing: NSE within five working days from allotment

Tax benefits: No STT on purchase or sale; tax applicable only on sale of units

The ETF offers a cost-effective and efficient option for investors looking to park idle funds while earning daily compounded returns.

Speaking about the launch, Hemen Bhatia, Executive Director & CEO, Angel One AMC, said,

“Angel One Nifty 1D Rate Liquid ETF – Growth is designed as a simple, risk-averse solution for investors looking to park their surplus funds efficiently. By investing in overnight G-Sec and T-Bill-backed repos, the ETF ensures safety, liquidity, and steady accrual of returns.”

The Growth option allows reinvestment of daily earnings directly into the scheme, eliminating the need for tracking fractional units. The fund aims to provide a stable avenue for investors seeking short-term parking with better efficiency than traditional savings options.

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