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

This ETF employs a replication strategy to closely track the Nifty 1D Rate Index, ensuring minimal tracking error of just 0.03%, reflecting its commitment to efficient benchmark tracking.

With a significant allocation of 99.62% in cash and other receivables, the fund exhibits a concentrated portfolio, primarily focused on liquidity and low-risk assets, minimizing interest rate and credit risks.

The fund size stands at ₹470.7 Cr as of Sep 2025, with a competitive expense ratio of 0.26%, enhancing its appeal for cost-conscious investors seeking stable returns in a low-risk environment.

Managed by Mr. Krishnpal Yadav since Sep 2025, this ETF offers liquidity and accessibility through its exchange listing, making it an efficient vehicle for daily income distribution.