The Shriram Nifty 1D Rate Liquid ETF, managed by Shriram Asset Management Company Limited, aims to replicate the NIFTY 1D Rate Index, focusing on low interest and credit risks.

This passive ETF primarily invests in Tri Party Repo on Government securities or treasury bills, targeting returns that closely align with the NIFTY 1D Rate Index, subject to tracking error.

The fund's portfolio is highly concentrated, with 99.35% allocated to Clearing Corporation of India Ltd., indicating potential concentration risk in the debt instruments sector.

Over the past year, the ETF has delivered a return of 5.5%, showcasing effective tracking with a minimal tracking error of 0.01%, highlighting its efficiency in replicating the benchmark.

With an AUM of ₹38.79 Cr and an expense ratio of 0.42%, the fund is positioned for operational efficiency, while experienced managers lead its strategic direction.