September 13, 2024
mayank
Groww Nifty 1D Rate Liquid ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Groww Nifty 1D Rate Liquid ETF Open Date, Close Date?
NFO opens on September 16, 2024
NFO will close on September 20, 2024
What is the Investment Strategy?
The scheme seeks to provide current income, commensurate with relatively low risk while providing a high level of liquidity, primarily through a portfolio of Tri-Party REPO), Repo in Government Securities, Reverse Repos and similar other overnight instruments.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 16 September 2024 |
| Issue Close | 20 September 2024 |
| Type | Open-ended |
| Category | Debt: Liquid |
| Min. Investment(Rs) | 500 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low |
| Benchmark | NIFTY 1D Rate Index |
What is the Benchmark Index of Groww Nifty 1D Rate Liquid Exchange Traded Fund?
The overnight market in India is one of the most active components of the money market. The objective of Nifty 1D Rate index is to
measure the returns generated by market participants lending in the overnight market.
The index uses the overnight rate provided through “Triparty Repo Dealing System (TREPS)” for computation of index values.
Portfolio Characteristics
| Launch Date | June 23, 2016 |
| Base Date | January 03, 2011 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
Statistics
| QTD | YTD | 1 Year | 5 Years | Since Inception | |
| Returns (%) # | 1.11 | 4.49 | 6.83 | 4.88 | 6.36 |
Performance Review of the Fund Manager of Groww Nifty 1D Rate Liquid Exchange Traded Fund?
1) Kaustubh Sule
Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Past Performance of his Schemes
| Fund | Groww Overnight Fund | It’s Benchmark | Groww Liquid Fund | It’s Benchmark |
| 1 Year | 6.67 | 4.82 | 7.33 | 4.82 |
| 3 Year | 5.44 | 3.65 | 5.81 | 3.65 |
| 5 Year | 4.61 | 3.32 | 5.02 | 3.32 |
| 7 Year | — | — | 5.61 | 3.60 |
| 10 Year | — | — | 6.29 | 3.97 |
As on 13-9-2024
Which Company Owns Groww Nifty 1D Rate Liquid ETF?
Groww Asset Management Limited
Address: Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Groww Nifty 1D Rate Liquid Exchange Traded Fund NFO?
Guidance for Groww Nifty 1D Rate Liquid ETF by Paresh Gordhandas, C.A., Research Analyst.
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