May 15, 2024
mayank
Bajaj Finserv Nifty 1D Rate Liquid ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bajaj Finserv Nifty 1D Rate Liquid ETF Open Date, Close Date?
NFO opens on May 13, 2024
NFO will close on May 27, 2024
What is the Investment Strategy?
The scheme seeks 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. The Scheme will provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate index, subject to tracking error.
Basic Details
| Fund House | Bajaj Finserv Mutual Fund |
| Issue Open | 13 May 2024 |
| Issue Close | 27 May 2024 |
| Type | Open-ended |
| Category | Debt: Liquid |
| Min. Investment(Rs) | 5,000 |
| Plans | IDCW Daily |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low |
| Benchmark | NIFTY 1D Rate Index |
What is The Benchmark Index?
The overnight market in India is one of the most active components of the money market. The objective of Nifty 1D Rate index is to measure the returns generated by market participants lending in the overnight market.
The index uses the overnight rate provided through “Triparty Repo Dealing System (TREPS)” for computation of index values.
Portfolio Characteristics
| Launch Date | June 23, 2016 |
| Base Date | January 03, 2011 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
Statistics
| QTD | YTD | 1 Year | 5 Years | Since Inception | |
| Returns (%) # | 0.60 | 2.25 | 6.89 | 4.82 | 6.35 |
Performance Review of the Fund Manager of Bajaj Finserv Nifty 1D Rate Liquid ETF?
1) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Past Performance of his Schemes
| Fund | Bajaj Finserv Money Market Fund | It’s Benchmark | Bajaj Finserv Arbitrage Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 15-5-2024
Which Company Owns Bajaj Finserv Nifty 1D Rate Liquid ETF?
Bajaj Finserv Asset Management Ltd.
Address: 8th floor, E-Core, Solitaire Business Hub (formerly Marvel Edge), Viman Nagar Pune – 411014
Website: https://www.bajajamc.com/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
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Is it good to invest in Bajaj Finserv Nifty 1D Rate Liquid NFO?
Guidance for Bajaj Finserv Nifty 1D Rate Liquid ETF by Paresh Gordhandas, C.A., Research Analyst.
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