June 25, 2024
mayank
Shriram 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 Shriram Nifty 1D Rate Liquid ETF Open Date, Close Date?
NFO opens on July 01, 2024
NFO will close on July 03, 2024
What is the 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.
Basic Details
| Fund House | Shriram Mutual Fund |
| Issue Open | 01 July 2024 |
| Issue Close | 03 July 2024 |
| Type | Open-ended |
| Category | Debt: Liquid |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low |
| Benchmark | NIFTY 1D Rate Index |
What is the Benchmark Index of Shriram Nifty 1D Rate Liquid ETF?
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 (%) # | 1.16 | 2.82 | 6.86 | 4.83 | 6.35 |
Performance Review of the Fund Managers of Shriram Nifty 1D Rate Liquid?
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.
Past Performance of his Schemes
| Fund | Shriram Balanced Advantage Fund | It’s Benchmark | Shriram Flexi Cap Fund | It’s Benchmark |
| 1 Year | 27.78 | 25.09 | 46.06 | 39.92 |
| 3 Year | 12.24 | 14.39 | 19.06 | 19.47 |
| 5 Year | — | — | 16.06 | 19.88 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 25-06-2024
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.
Past Performance of his Schemes
| Fund | Shriram Aggressive Hybrid Fund | It’s Benchmark | Shriram Overnight Fund | It’s Benchmark |
| 1 Year | 33.64 | 25.09 | 6.68 | 4.46 |
| 3 Year | 14.17 | 14.39 | — | — |
| 5 Year | 13.57 | 14.91 | — | — |
| 7 Year | 11.36 | 13.80 | — | — |
| 10 Year | 10.90 | 12.43 | — | — |
As on 25-06-2024
Which Company Owns Shriram Nifty 1D Rate Liquid ETF?
Shriram Asset Management Company Ltd
Address: 511-512, Meadows, Sahar Plaza, J. B. Nagar, Andheri (East), Mumbai – 400059
Website: https://shriramamc.in/
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Shriram Nifty 1D Rate Liquid NFO?
Guidance for Shriram Nifty 1D Rate Liquid ETF by Paresh Gordhandas, C.A., Research Analyst.
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