January 13, 2025
mayank
Shriram Nifty 1D Rate Liquid ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Sahifund.com
NAV Growth: Rs 1,032.6806
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to invest in Tri Party Repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Fund Manager:
1) Deepak Ramaraju
Education: Mr. Ramaraju has done B.E.(Chemical Engineering).
Experience: Prior to joining Shriram Mutual Fund, he has worked with Sanlam Group of South Africa as a part of their global equity research team and GE India Technology Center as a researcher and co-inventor.
2) Gargi Bhattacharyya Banerjee
Education: Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta.
Experience: Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd.
3) Sudip Suresh More
Education: Mr. More has done B.E. (EXTC), MMS (Finance) and FRM
Experience: Prior to joining Shriram Mutual Fund, he has worked with Kshema General Insurance Company and Sahara India Life Insurance Company Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Shriram Nifty 1D Rate Liquid ETF
| Fund House | Shriram Mutual Fund |
| Launch Date | 05-Jul-24 |
| Return Since Launch | 3.23% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 27 Cr |
| (As on 31-Dec-2024) | |
| Expense | 0.35% |
| (As on 30-Nov-2024) | |
| Risk Grade | — |
| Return Grade | — |
Shriram Nifty 1D Rate Liquid ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Shriram Nifty 1D Rate Liquid ETF | 0.17 | 0.02 | 0.52 | 1.54 | 3.10 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.18 | 0.04 | 0.35 | 1.05 | 2.39 | — | — | — | — | — |
| Debt: Liquid | 0.18 | 0.02 | 0.56 | 1.67 | 3.41 | — | — | — | — | — |
| Rank within category | 47 | 42 | 46 | 42 | 42 | — | — | — | — | — |
| Number of funds in category | 49 | 49 | 49 | 47 | 46 | 43 | 38 | 37 | 31 | 30 |
Shriram Nifty 1D Rate Liquid ETF Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Shriram Nifty 1D Rate Liquid ETF | Unrated | — | — | — | 0.35 | 27 | 3.23 | — | 6M |
| Nippon India ETF Nifty 1D Rate Liquid BeES | Unrated | 5.96 | 5.22 | 4.09 | 0.69 | 11,863 | 5.84 | — | 21Y 6M |
| Zerodha Nifty 1D Rate Liquid ETF | Unrated | — | — | — | 0.26 | 3,015 | 6.40 | — | 11M |
| ICICI Pru BSE Liquid Rate ETF | Unrated | 6.46 | 5.82 | 4.59 | 0.25 | 2,396 | 4.75 | — | 6Y 3M |
| DSP BSE Liquid Rate ETF | Unrated | — | — | — | 0.30 | 2,327 | 5.11 | — | 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | 64 |
| Macaulay Duration (yrs) | 0.01 | 0.09 |
| Average Maturity (yrs) | 0.01 | 0.09 |
| Yield to Maturity (%) | 6.68 | 6.97 |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Shriram Nifty 1D Rate Liquid ETF
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