Mirae Asset Nifty 1D Rate Liquid ETF NFO details, Portfolio, Returns, Peer Comparison, Guidance
NFO opens on July 24, 2023
NFO will close on July 26, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party 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.
Basic Details
Fund House | Mirae Asset Mutual Fund |
Issue Open | 24 July 2023 |
Issue Close | 26 July 2023 |
Type | Open-ended |
Category | Debt: Liquid |
Min. Investment(Rs) | 5,000 |
Plans | IDCW Daily |
Lock-in Period | NA |
Exit Load | 0 |
Riskometer | Low |
Benchmark | NIFTY 1D Rate Index |
Benchmark Index of Mirae Asset Nifty 1D Rate Liquid ETF NFO
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 E | End of day |
Statistics
QTD | YTD | 1 Year | 5 Years | Since Inception | |
Returns (%) # | 1.64 | 3.26 | 6.17 | 4.74 | 6.32 |
Fund Manager of Mirae Asset Nifty 1D Rate Liquid ETF NFO
1) Amit Modani
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Past Performance of his Schemes
Fund | Mirae Asset Dynamic Bond Fund | It’s Benchmark | Mirae Asset Nifty 8-13 yr G-Sec ETF | It’s Benchmark |
1 Year | 6.01 | 7.88 | – | — |
3 Year | 2.88 | 3.99 | — | — |
5 Year | 6.37 | 6.01 | — | — |
7 Year | — | — | — | — |
10 Year | — | — | — | — |
AMC:
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Guidance for Mirae Asset Nifty 1D Rate Liquid ETF NFO by Paresh Gordhandas, C.A., Research Analyst.
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