Nippon India ETF Nifty 1D Rate Liquid BeES

The Nippon India ETF Nifty 1D Rate Liquid BeES, managed by Nippon Life India Asset Management Limited, aims for current income with high liquidity through investments in Tri-Party Repo and money market instruments.

This open-ended scheme tracks the Nifty 1D Rate Index, employing a replication strategy primarily focused on G-Sec or T-bills, ensuring effective benchmark alignment with minimal tracking error of 0.03%.

The fund's portfolio is heavily concentrated in Tri-Party Repo at 100.11%, indicating a focused investment strategy, while cash and receivables slightly detract from overall allocation, reflecting liquidity management.

Over the past year, the fund has shown no significant change, with three-year and five-year CAGR at -0.03% and -0.02%, respectively, suggesting a stable but challenging performance environment for this income-focused ETF.

With an AUM of ₹11,918.7 Cr as of Aug 2025, the fund's operational efficiency remains high, although the absence of an expense ratio requires careful consideration for potential investors looking for cost-effective options.