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

This fixed income ETF tracks the Nifty 1D Rate Index, employing a replication strategy focusing predominantly on Tri-Party Repo on G-Sec or T-bills, ensuring effective benchmark alignment.

The fund's portfolio is heavily concentrated with 99.5% in Tri-Party Repo, highlighting a strong focus on liquidity, while cash and other receivables constitute a minimal allocation of 0.5%.

Performance metrics reveal a stable tracking error of 0.03%, with a 1-year change of 0%, a 3-year CAGR of -0.03%, and a 5-year CAGR of 0.02%, indicating modest returns in recent years.

With an AUM of ₹11,473.73 Cr and an expense ratio of 0.69%, the fund is efficiently managed by Vikash Agarwal, who brings 19 years of experience to the table, ensuring operational reliability.