Mirae Asset Nifty 1D Rate Liquid ETF

The Mirae Asset Nifty 1D Rate Liquid ETF, managed by Mirae Asset Investment Managers, aims to provide daily income through tracking the Nifty 1D Rate Index in a passive investment style.

This open-ended ETF employs a replication strategy, focusing on the Nifty 1D Rate Index, ensuring consistent tracking with a minimal tracking error of 0.03%.

The fund's portfolio is heavily concentrated in TREPS/Reverse Repo at 99.62%, indicating a low-risk profile with minimal diversification across other asset types.

Performance metrics show stability, with no significant change over the past year, reflecting the fund's conservative approach to income generation and capital preservation.

With a fund size of ₹457.2 Cr and an expense ratio of 0.26%, the Mirae Asset Nifty 1D Rate Liquid ETF offers efficient operational management under Mr. Amit Modani's leadership since July 2023.