Nippon India Nifty 1D Rate Liquid ETF - Growth

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

This open-ended fund tracks the Nifty 1D Rate Index, employing a strategy focused on short-term money market instruments, ensuring minimal tracking error of just 0.21%.

With a fund size of ₹23.98 Cr and an expense ratio of 0.49%, the ETF is designed for cost-efficient exposure to money market instruments, enhancing investor returns through liquidity.

The portfolio is entirely concentrated in Tri-Party Repo, indicating a high allocation risk, while cash and receivables exhibit a negligible negative allocation, emphasizing liquidity management.

Managed by Vikash Agarwal and Vivek Sharma, both with 19 years of experience, the fund's performance over the past year shows a positive change of 0.86%.