NAV (Sep 22)
6 Month CAGR
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 to Moderate
Launched (0y ago)
Jul 28, 2023
AUM in Crores
Sharpe Ratio (3yr)
Sharpe Ratio (5yr)
|Fund Name||Till Date CAGR|
net receivables / (payables)
Mirae Asset Nifty 1D Rate Liquid ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty 1D Rate Index TR INR. Mirae Asset Nifty 1D Rate Liquid ETF (G) 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 (G) was launched on Jul 28, 2023 with no lock-in period. Since its inception, the fund has delivered 0% 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 22 Sep, 2023 the NAV of the fund is Rs 1000.00 and the AUM is Rs 204.25 crores. The fund charges an expense ratio of 0.25% 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 (G) 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 (G) with another fund in a similar category. This way you can make a well-informed investment decision.