Bajaj Finserv Nifty 1D Rate Liquid ETF to convert its IDCW option into Growth option

Bajaj Finserv Mutual Fund has decided to convert the IDCW option under its Bajaj Finserv Nifty 1D Rate Liquid ETF into Growth option, with effect from November 13, 2024. The IDCW option under the scheme will cease to exist from the effective date and the scheme name will be revised to Bajaj Finserv Nifty 1D Rate Liquid ETF - Growth.

As per the AMC, the Growth option will help in operational efficiency and thereby managing the scheme expenses. Investors not consenting to this change can redeem their existing units at applicable NAV without paying any exit load, between October 14 to November 12, 2024.