The Mirae Asset Nifty 1D Rate Liquid ETF-Growth, managed by Mirae Asset Investment Managers, aims to track the Nifty 1D Rate Index, offering a passive investment option in an open-ended format.

This ETF employs a replication strategy, closely tracking the Nifty 1D Rate Index, with a minimal tracking error of 0.04%, ensuring efficient performance relative to its benchmark.

The fund's portfolio is heavily concentrated in cash and other receivables, comprising 99.52% of assets, which indicates a low-risk profile but also raises concerns about concentration risk.

Over the past year, the ETF has delivered a return of 5.0%, reflecting its stability in a liquid investment category, although longer-term performance metrics are not available.

With an AUM of ₹316.6 Cr and an expense ratio of just 0.15%, this fund offers cost-effective access to liquid investments, managed by Mr. Amit Modani since November 2024.