The SBI Nifty 1D Rate ETF, managed by SBI Funds Management Limited, aims to replicate the NIFTY 1D Rate Index returns, utilizing a passive investment strategy in an open-ended format.

This ETF employs a tracking methodology focused on aligning closely with the NIFTY 1D Rate Index, ensuring minimal tracking error, currently at 0.0921%.

The fund's portfolio is entirely composed of cash and cash equivalents, leading to a concentration risk, as it lacks diversification across multiple asset classes or sectors.

As of August 2025, the fund size stands at ₹45.41 Cr, with a competitive expense ratio of 0.35%, reflecting efficient cost management for its passive strategy.

Managed by Jignesh Shah since July 2025, the ETF offers liquidity with its open-ended structure, though performance metrics over longer periods are currently unavailable.