• ETF
  • Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M)
Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M)

Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M)

DebtLiquid 
  • 1000.00000

    NAV

  • 0%

    Change

Mirae Asset Nifty 1D Rate Liquid ETF NAV

1000.00000

NAV (Apr 23)

Mirae Asset Nifty 1D Rate Liquid ETF returns

Last 1Y
NA
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
4.6%
6 Month CAGR
3%
info-icon-blue

Mirae Asset Nifty 1D Rate Liquid ETF Information

Investment Objective

The investment objective is to seek to provide current income,commensurate with low risk while providing a high level of liquidity through a portfolio of TriParty Repo on Government Securities or T-bills / Repo & Reverse Repo. The Scheme endeavors to provide returns that before expenses,closely correspond to the returns of Nifty 1D Rate Index subject to tracking errors. However,there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns

Low

Low to Moderate

Moderate

Moderately High

High

Very High

Low Risk

Expense Ratio
0.27
Launched (1y ago)
Jul 28, 2023
AUM in Crores
361.716
ISIN
INF769K01KS1
Beta (5yr)
0
Sharpe Ratio (3yr)
0
Sharpe Ratio (5yr)
0
YTM
6.68
Fund Managers
user-avatar

Amit Modani

Fund Manager

Explore mirae asset global Mutual Funds

Fund Name
Till Date CAGR
Mirae Asset ELSS Tax Saver Fund (G)
Mirae Asset ELSS Tax Saver Fund (G)

19%

18.9%

18.2%

18.3%

24.8%

27%

14.9%

20.9%

11%

11.4%

Compare similar ETF's

Fund Name
Till Date CAGR

-

%

Asset allocation and Holdings

Last updated on 2024-04-23

Top 10 Stock Holdings

treps
99.6 %
net receivables / (payables)
0.4 %

Compare ETFs

vs
for

Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M) Review

Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M) is an Exchange Traded Fund which is benchmarked to Nifty 1D Rate Index TR INR. Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M) is managed by the Mirae Asset Investment Managers (India) Private Limited with the fund managers being Amit Modani. The Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M) was launched on Jul 28, 2023 with no lock-in period. Since its inception, the fund has delivered 4.6% as a return on investment. The fund has delivered a 1-year return of null%, a 3-year return of null%, and a 5-year return of null%.

As on 23 Apr, 2024 the NAV of the fund is Rs 1000.00 and the AUM is Rs 361.72 crores. The fund charges an expense ratio of 0.27% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty 1D Rate Index TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Mirae Asset Nifty 1D Rate Liquid ETF (PIDCW-M) with another fund in a similar category. This way you can make a well-informed investment decision.