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

This ETF employs a tracking approach to closely align with the NIFTY 1D Rate Index, focusing solely on cash and cash equivalents, indicating a conservative asset allocation strategy.

With an AUM of ₹45.4 Cr as of Aug 2025, the fund's entire portfolio is concentrated in cash equivalents, presenting a low-risk profile but also limiting potential returns.

Performance over the past year shows a slight decline of -0.2%, with a minimal tracking error of 0.0921%, suggesting efficient management in tracking the benchmark despite the underperformance.

The fund features a low expense ratio of 0.35%, which is efficient relative to its size, and is managed by Jignesh Shah, who brings 23 years of experience to the table.