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Zerodha Fund House Launches India’s 1st Growth Liquid ETF Scheme

Published on January 12, 2024
Current Context: Zerodha Fund House has launched India’s first growth liquid ETF named ‘Zerodha Nifty 1D Rate Liquid ETF’. This ETF replicates the Nifty 1D Rate Index, which measures the returns generated by market participants lending in the overnight market.
Zerodha Fund House Launches India’s 1st Growth Liquid ETF Scheme
  • The scheme opened for public subscription on January 08, 2024, and closed on January 12, 2024.
  • The scheme seeks to invest in Tri Party repo on Government securities or treasury bills (TREPS).
  • The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error.
  • The fund manager of this scheme is Apurv Parikh.
  • This ETF offers a simple and effective way to manage cash with low interest and credit risk. It’s a type of ETF that aims to provide easy liquidity with relatively less risk.

Question:

Q.1 What is the name of the first growth liquid ETF launched by Zerodha Fund House?
a. Zerodha Nifty 1D Rate Liquid ETF
b. Zerodha Nifty 1D Rate Growth ETF
c. Zerodha Nifty 1D Liquid ETF
d. Zerodha Nifty 1D Growth ETF

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