Shriram Asset Management Company will launch Shriram Nifty 1D Rate Liquid ETF (Growth), which will track the Nifty 1D Rate Index. The Shriram Nifty 1D Rate Liquid ETF (Growth) offers investorseasy cash management with high liquidity, relatively low interest rate risk and credit risk. They can earn higher returns by investing their idle cash in this ETF seamlessly through their demat account. The ETF will also be made eligible as collateral for margin trading, giving greater convenience to active equity investors. Kartik Jain, MD & CEO, Shriram AMC, said the ETF offers an effective cash management vehicle that combines the advantages of better returns, higher liquidity and relatively lower risk.

Source: The Hindu June 26, 2024 13:38 UTC