DSP BlackRock Mutual Fund has launched the DSP BlackRock Liquid ETF, an open ended scheme. The NFO opens for subscription on February 22, 2018 and closes on March 08, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme's performance will be benchmarked against Nifty 1D Rate Index and its fund manager is Gauri Sekaria.
The investment objective of the scheme is to provide current income, commensurate with relatively low risk while providing a high level of liquidity, primarily through a portfolio of Collateralized Borrowing & Lending Obligation (CBLO), Repo in Government Securities, Reverse Repos and similar other overnight instruments.