The Shriram Nifty 1D Rate Liquid ETF, managed by Shriram Asset Management Company Limited, is an open-ended passive fund aimed at replicating the NIFTY 1D Rate Index through Tri Party Repo investments.

This ETF employs a tracking strategy to mirror the returns of its benchmark, the NIFTY 1D Rate Index, with a minimal tracking error of just 0.01%, ensuring effective performance alignment.

The portfolio is heavily concentrated, with 99.43% allocated to Clearing Corporation of India Ltd., primarily investing in Treps and Reverse Repo, reflecting a focused investment strategy.

Over the past year, the fund has delivered a return of 7.2%, showcasing solid performance in a stable interest rate environment, although long-term CAGR data is not available.

With a fund size of ₹36.6 Cr and an expense ratio of 0.37%, this ETF remains accessible with a well-structured cost framework, managed by experienced professionals since 2024.