HDFC Nifty 1D Rate Liquid ETF-Growth

The HDFC Nifty 1D Rate Liquid ETF-Growth, managed by HDFC Asset Management Company Limited, is a passive exchange-traded fund aimed at replicating the NIFTY 1D Rate Index's returns.

This ETF primarily invests in Tri-Party Repos in Government Securities or Treasury Bills, ensuring a strategy aligned closely with its benchmark while maintaining minimal tracking error of 0.03%.

With a total fund size of ₹57.65 Cr, the ETF's portfolio is entirely allocated to cash and cash equivalents, reflecting a conservative approach to liquidity management and risk mitigation.

Over the past year, the fund has delivered a return of 3.7%, demonstrating its ability to track the index effectively within the constraints of its investment objective.

The fund's expense ratio stands at a competitive 0.45%, indicating efficient cost management relative to its size, while the fund manager, Swapnil Jangam, brings 14 years of experience since joining in Aug 2024.