Dominick Rodrigues
Mumbai: DSP Mutual Fund here recently 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 rang the bell at the Bombay Stock Exchange to commemorate the listing of the DSP S&P BSE Liquid Rate ETF that offered a convenient tool to park surplus cash with growth-based NAV.
“While getting periodic dividend payouts is useful for many investors, LIQUIDADD has a growth-based NAV useful for earnings in the form of capital gains instead of dividend,” Ghelani said, adding “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,” he noted.
