SBI Mutual Fund announced the launch of SBI NIFTY 1D Rate ETF. The scheme opened for public subscription on October 23, 2023, and will close on October 26, 2023.
The scheme will invest 95-100% in tri-party repos in government securities or treasury bills (TREPS) and 0-5% in units of overnight/ liquid schemes, money market instruments (with maturity not exceeding 91 days), cash & cash equivalents.