DSP Mutual Fund announced the launch of DSP S&P BSE Liquid Rate ETF (DSP BLRETF),an open-ended scheme replicating/ tracking S&P BSE Liquid Rate Index. The Fund offers investors easy cash management with ample liquidity and low risk. The scheme is suitable for investors who have money lying idle in margin account which doesn’t yield any returns; instead, parking money in units of DSP BLR ETF may help them earn additional returns. The scheme invests in overnight instruments with 1D maturity.
The DSP S&P BSE Liquid Rate Index offers a lower volatile return profile due to its investment in low-risk securities in overnight markets. It can also be used as a cash equivalent margin for trading, subject to NSE and BSE approval. The scheme requires a minimum of 95% to 100% investment in low-risk instruments such as Tri-Party REPOs, Repo in Government Securities, Reverse Repos, and other over-night instruments approved by RBI and SEBI.
Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund said, “DSP S&P BSE Liquid Rate ETF is designed to always let investors’ money remain in action and hence makes it a useful product for brokers with large retail clients, PMS providers, F&O brokers, Institutions who invest in direct equities HNIs and retail investors who trade on the stock exchange.” The New Fund Offer for DSP BLR ETF will open for subscription on March15th, 2024, and will close on March20th, 2024.
