Groww Nifty 1D Rate Liquid ETF

The Groww Nifty 1D Rate Liquid ETF, managed by Groww Mutual Fund, aims to deliver current income with low risk through a portfolio focused on overnight instruments and high liquidity.

This passive fund seeks to replicate the Nifty 1D Rate Index -TRI, employing strategies like Tri-Party REPO and Reverse Repos, ensuring close tracking of its benchmark.

With a fund size of ₹61.95 Cr and a significant concentration in CCIL at 99.52%, the fund exhibits concentration risk while primarily focusing on government securities and liquid assets.

Over the past year, the fund has delivered a return of +5.8%, with a minimal tracking error of 0.11%, indicating effective benchmark tracking and consistent performance in its category.

The fund features a low expense ratio of 0.29%, managed by Mr. Kaustubh Sule, who brings 17 years of experience, ensuring operational efficiency and accessibility for investors.