The Nippon India Nifty 1D Rate Liquid ETF, managed by Nippon Life India Asset Management Limited, aims to invest in money market instruments, primarily focusing on Tri-Party Repo and related securities.

This open-ended scheme employs a strategy to closely track the Nifty 1D Rate Index, ensuring efficient replication of its performance through investments in repos and reverse repos.

The portfolio is heavily concentrated in Tri-Party Repo, comprising over 100% of total holdings, indicating a focused investment strategy with minimal diversification and inherent concentration risk.

Over the past year, the fund has delivered a change of +1.6%, showcasing its stability in a low-risk environment, while maintaining a low tracking error of 0.21%, reflecting effective benchmark alignment.

With an AUM of ₹23.98 Cr and an expense ratio of 0.49%, the fund is positioned for cost efficiency, managed by seasoned professionals Vikash Agarwal and Vivek Sharma since July 2025.