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DSP Mutual Fund launches DSP S&P BSE Liquid Rate ETF: DSP BLR ETF


DSP Mutual Fund has announced the launch of DSP S&P BSE Liquid Rate ETF (DSP BLR ETF), an open-ended scheme replicating/ tracking S&P BSE Liquid Rate Index. 

The firm writes that 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 firm says.  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, the firm says. “Apart from better utilisation 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 per cent and up to 100 per cent 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.

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