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The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, , hdfc mutual fund, New Fund Offers, hdfc asset management
NJ Flexi Cap Fund, Union Innovation & Opportunities Fund, HDFC Nifty 1D Rate Liquid ETF, Shriram Multi Asset Allocation Fund, and Bandhan Nifty IT Index Fund will open for subscription this week.
Although it works in similar ways to open-ended overnight funds, it primarily caters to those who regularly trade in stock markets. It has little credit or interest rate risk, making it a safe bet.
Bajaj Finserv Flexi Cap Fund, Kotak Nifty Financial Services Ex-Bank Index Fund, and Mirae Asset Nifty 1D Rate Liquid ETF are open for subscription.