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About This scheme

Scheme Name

Bajaj Finserv Nifty 1D Rate Liquid ETF

Type of Scheme

An open ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk

Investment Objective

The investment objective of the scheme 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. The scheme will provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate index, subject to tracking error.
However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

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Key Features

NFO Period

May 13, 2024 - May 27, 2024

Minimum Application Amount

During NFO Period:
Rs. 5000 per application and in multiples of Re. 1 thereafter. Units will be allotted in whole figures and the balance amount will be refunded. In case of investors opting to switch into the scheme from the existing schemes of Bajaj Finserv Mutual Fund during the NFO Period and if the amount of application is in odd multiples, the application will be processed for the eligible amount and the balance amount will be refunded.

On an On-going Basis:

On Exchange: Investors can buy/sell units of the scheme in round lot of 1 unit and in multiples thereof.

Directly with the Mutual Fund: Any order placed for redemption or subscription directly with the AMC must be of greater than Rs. 25 Cr. However, the aforementioned threshold of INR 25 crore shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI):

• Schemes managed by Employee Provident Fund Organisation, India;

• Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961.

Category of Scheme

Exchange Traded Fund

Minimum Additional Application Amount

Type of Scheme

Bajaj Finserv Nifty 1D Rate Liquid ETF - An open ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk

Minimum Redemption Amount

Large Investors can redeem units directly with the fund at Applicable NAV based prices if the redemption amount is greater than Rs. 25 cr.

On Exchange: Investors can sell units of the scheme in round lot of 1 unit and in multiples thereof.

Plan

Currently, there are no plans under the Scheme.

Load Structure/Lock-In Period

Entry load – not applicable

Exit load – Nil

There will be no exit load for units sold through the secondary market on the stock exchange. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors.

Options/Sub-Option

The scheme will declare IDCW at a daily frequency, subject to availability of distributable surplus. IDCW declared on daily basis will be compulsorily reinvested in the scheme. Units arising out of IDCW reinvestment will be extinguished and paid out to the investors on a monthly basis i.e. payout on the first working Monday of the month. In case the payout date falls on a non-business day the payout will be done on the immediate following business day.

Benchmark Index

Nifty 1D Rate Index

Opening NAV

Offer of units of Rs. 1000 each during the new fund offer and at NAV based prices on continuous basis.

Asset Allocation Pattern

Tri-Party Repos in Government Securities or Treasury Bills (TREPS): 95% - 100%. Risk Profile - Low

Units of Overnight/ Liquid schemes#, Money Market Instruments (with maturity not exceeding 91 days)*, cash & cash equivalent: 0% - 5%. Risk Profile - Low to Moderate

*Money market instruments will include Government securities, Treasury Bills, Cash Management Bills, CBLO, Repo, Reverse Repo, TREPS, Certificate of Deposits (CDs), Commercial Paper (CPs) and any other securities/instruments as may be permitted by SEBI and RBI from time to time. The Scheme shall make investments in/purchase money market securities with maturity of up to 91 days only.

Investment in repo in corporate debt securities upto 5% of the net asset with maturity of upto 91 days.

#The scheme may invest upto 5% of the net asset in Liquid & Overnight Fund of Bajaj Finserv Mutual Fund and other Mutual Fund without charging any fees, in accordance with the applicable extant SEBI (Mutual Funds) Regulations, 1996 as amended from time to time.
For more details, kindly refer Scheme Information Document.

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Fund Manager

Mr. Siddharth Chaudhary

Mr. Siddharth chaudhary joined the Company in July 2022 as a Senior Fund Manager – Fixed Income. Prior to this, he was associated with Sundaram Asset Management Co. Ltd from April 2019 - July 2022 as Head Fixed Income – Institutional Business. From April 2017 – March 2019, he served as a Senior Fund Manager – Fixed Income, and from August 2010 – March 2017 as a Fund Manager – Fixed Income with Sundaram Asset Management Co. Ltd. During June 2006 – September 2010, he was working as Senior Manager, Treasury Dept in Indian Bank.

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Potential Risk Class (PRC)

Upload Risk Meter Image

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The PRC matrix identifies the highest amount of potential risk that a debt mutual fund can assume.

This regulation was implemented by SEBI on December 1, 2021, making it essential for fund houses to categorize all new and existing schemes under a potential risk class (PRC) matrix.

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Riskometer#

This product is suitable for investors who are seeking*:

Short term savings solution

An open ended Exchange Traded Fund liquid scheme, that aims to provide returns by investing in securities covered by Nifty 1D Rate Index with low risk and a high level of liquidity, subject to tracking error.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

#The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.

Fund Riskometer

Benchmark Riskometer

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Downloads

Tracking Error

Tracking Error for Nifty 1D Rate Liquid ETF

Tracking Error_28.xlsx

Performance

NAV History