The ICICI Prudential BSE Liquid Rate ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund designed to track the BSE Liquid Rate Index, focusing on low-risk returns.

Employing a passive investment strategy, this ETF aims to provide reasonable returns while ensuring high liquidity, making it suitable for risk-averse investors seeking stable income.

With a total AUM of ₹1698.41 Cr, the fund maintains a 100% allocation to TREPS and net current assets, reflecting a conservative approach to asset management and liquidity.

The fund has an expense ratio of 0.31%, indicating efficient cost management relative to its size, while a tracking error of 0.36% demonstrates its effectiveness in replicating the benchmark.

Managed by experienced professionals, Mr. Darshil Dedhia and Nikhil Kabra, the ETF offers a reliable option for investors prioritizing liquidity and low credit risk in their portfolios.