The Mirae Asset Nifty 1D Rate Liquid ETF, managed by Mirae Asset Investment Managers, aims to track the Nifty 1D Rate Index, offering low interest and credit risk exposure.

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

The fund's portfolio is predominantly composed of Cash & Other Receivables, which constitutes 99.52%, indicating a highly concentrated and low-risk asset allocation.

Over the past year, the ETF has delivered a return of 5.7%, reflective of its stable investment approach in a low volatility environment.

With an expense ratio of 0.15% and a fund size of ₹346.3 Cr, this ETF provides a cost-effective option for investors seeking liquidity and stability.