It offers a convenient tool to park surplus cash with growth-based NAV.
FinTech BizNews Service
Mumbai, April 3, 2024: DSP Mutual Fund has announced the listing of DSP S&P BSE Liquid Rate ETF (ticker: LIQUIDADD) on the BSE and NSE.
Anil Ghelani, CFA, Head of Passive Investments & Products, DSP Mutual Fund and Ashutosh Singh, Chief – Special Projects, BSE together with other senior leaders of BSE and DSP, rings the Bell at the Bombay Stock Exchange to commemorate the listing of DSP S&P BSE Liquid Rate ETF that offers a convenient tool to park your surplus cash with growth-based NAV.
“Today we are listing DSP S&P BSE Liquid Rate ETF (ticker: LIQUIDADD) on the BSE and NSE. While getting periodic dividend payouts is useful for many investors, LIQUIDADD has a growth-based NAV, so it can be useful if you are looking for earnings in the form of capital gains instead of dividend. The capital gains tax will be applicable only when you sell LIQUIDADD units, and if you have any capital losses it could assist to reduce the tax payable. Since there will be no dividends declared by LIQUIDADD, there will be no TDS, your returns will be easier to track and you will never get fractional units in your demat account.” said Anil Ghelani, CFA, Head of Passive Investments & Products, DSP Mutual Fund.
