The Zerodha Nifty 1D Rate Liquid ETF, managed by Zerodha Asset Management Private Limited, aims to replicate the total returns of the Nifty 1D Rate Index, emphasizing a passive investment approach.

This fund employs a strategy focused on maintaining minimal tracking error of 0.02%, ensuring its performance closely aligns with the underlying benchmark, the Nifty 1D Rate Index.

Portfolio concentration is high, with 98.97% allocated to Tri-Party Repo on Government Securities and T-bills, indicating a low-risk profile but potential vulnerability to interest rate fluctuations.

Over the past year, the fund has delivered a return of 5.8%, reflecting stable performance in a low-risk environment, although historical CAGR data is not available for longer periods.

With an AUM of ₹5063.9 Cr and an expense ratio of 0.27%, the fund demonstrates operational efficiency, while liquidity appears favorable given the open-ended structure and cash equivalents allocation.