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Shriram Mutual has launched the Shriram Nifty 1D Rate Liquid ETF (Growth).
The ETF will also be made eligible as collateral for margin trading bringing great convenience to active equity investors.
In a press release, Kartik Jain, MD & CEO, Shriram AMC, said, “We offer an effective cash management vehicle that combines the advantages of better returns, higher liquidity and relatively lower risk. This ETF is ideal for investors wishing to increase their returns on idle capital while reducing risk by investing in stable and secure overnight products. Active traders will get the added benefit of margin pledge. Given the present financial landscape's growing desire for flexible and secure investment solutions, we believe this fund will play an important role in assisting clients in meeting their financial objectives."
