Gurgaon, March 15, 2024: DSP Mutual Fund announced the launch of DSP S&P BSE Liquid Rate ETF. Offers easy cash management with ample liquidity and low risk.
(DSP BLR ETF), 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.
DSP S&P BSE Liquid Rate Index generally has a lower volatile return profile due to investment in low-risk securities in overnight markets. Apart from better utilization of money lying idle and generating no return in broker’s account, DSP BLR ETF can also be used as cash equivalent margin for trading (subject to NSE and BSE approval). A minimum of 95% and up to 100% of the scheme shall be invested in low-risk instruments like Tri-Party REPOs, Repo in Government Securities, Reverse Repos and any other similar overnight instruments as may be provided by RBI and approved by SEBI.
The New Fund Offer for DSP BLR ETF will open for subscription on March 15th, 2024, and will close on March 20th, 2024.
“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,” says Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund.
About DSP Mutual Fund
DSP Mutual Fund has an over 25-year track record of investment excellence. Today, we have the honour of managing money for over 35 lakh investors from all walks of life: hard-working salaried individuals, high-net-worth individuals, NRIs, small and mid-sized business owners, large private & public corporations, trusts and foreign institutions. We take great pride in knowing that we play a key role in the creation of wealth for all our investors and will always continue to be an organization with a purpose – it is our responsibility to make a real difference to the lives of our investors.
DSP Mutual Fund is backed by the 160+ year old DSP Group. Over the past one and a half centuries, the family behind the Group has been very influential in the growth and professionalization of capital markets and money management business in India. DSP Group is currently headed by Mr. Hemendra Kothari.
Our investors’ interests will always remain at the core of our business, and we will continue to maintain a relentless focus on doing what’s best for them, as they #InvestForGood.
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