The Groww Nifty 1D Rate Liquid ETF, managed by Groww Mutual Fund, aims to deliver current income with low risk through investments in overnight instruments, primarily focusing on liquidity.

This passive fund tracks the Nifty 1D Rate Index -TRI, employing a replication strategy that involves Tri-Party REPO and similar instruments to achieve its investment objective.

With a fund size of ₹61.95 Cr and a concentration in CCIL at 99.52%, the portfolio exhibits a significant reliance on a single holding, posing concentration risk.

Over the past year, the ETF has demonstrated a performance increase of 5.6%, with a low tracking error of 0.11%, indicating strong alignment with its benchmark.

The expense ratio stands at 0.29%, reflecting efficient cost management relative to the fund's size, while Mr. Kaustubh Sule brings 17 years of experience to the management team.