LIQUIDCASE

Zerodha Nifty 1D Rate Liquid ETF

LIQUIDCASE

A simple ETF for effectively parking and managing extra cash

Returns

5.83%

AUM

₹3,167.29Cr

Risk

Low

iNAV

₹105.8281

Ideal for

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Short Term

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Easy Liquidity

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Cash Management

About the fund

Zerodha Nifty 1D Rate Liquid ETF aims to provide liquidity with relatively low risk. It follows the "Nifty 1D Rate" as its benchmark and invests in overnight instruments like Tri-Party Repo on Government Securities or T-bills, Reverse repo, Cash & Cash equivalents and G-Sec(s).

Scheme
Scheme

Zerodha Nifty 1D Rate Liquid ETF aims to provide liquidity with relatively low risk. It follows the "Nifty 1D Rate" as its benchmark and invests in overnight instruments like Tri-Party Repo on Government Securities or T-bills, Reverse repo, Cash & Cash equivalents and G-Sec(s). This ETF offers a simple and effective way to manage cash with a relatively low interest rate and credit risk.

It is the first Liquid ETF in India that provides convenience of Growth NAV (Net Asset Value), thus making it easier to track and maintain by eliminating dividend tracking. Additionally, the returns are taxed only when the ETF is sold, unlike other ETFs that pay dividends and are taxed continuously.

This ETF may be a good choice for someone who has extra money and wants both liquidity and growth in a short period. You can start investing in Zerodha Nifty 1D Rate Liquid ETF using their preferred stock brokers.

Past Performance

Current value ofinvested once at launch of index would be
For periods above 1 year, returns are annualized (CAGR). Monthly SIP Returns denotes XIRR. Past performance doesn't guarantee future results. Fund returns may vary due to tracking errors and expenses compared to benchmark returns.

Tax Implication

All gains/profits from the units of the Liquid ETFs, irrespective of the holding period, will be considered as Short Term Capital Gains (STCG) and will be taxed as per the tax slab of the investor (plus 4% cess and surcharge, if any).

Holdings
As on Dec 10, 2024
Top HoldingsWeightage (%)
TREPS
99.51 %
Cash & Cash Equivalents
0.49 %
Fund Details
As on Dec 10, 2024
NAV
₹105.8281
Expense Ratio
0.27%
Exit Load
0%
Tracking Error
0.10%
Lock-in Period
No
Creation Units
5000
Bloomberg Code
ZN1RLET IN Equity
PRC Matrix
PRC is A-I

Fund Manager

Apurv Parikh

Apurv Parikh

LinkedIn

Apurv has over 5 years of experience in debt fund management and capital markets, across various roles at NAVI Mutual Fund and L&T Finance Group. Apurv’s belief, in his own words, is that “Debt is key asset class to all investors, protecting portfolio against market volatility during economic cycles. Our simple and relevant passive debt solutions are designed to help you better navigate market cycles and achieve goal-based objectives."

Riskometer

low

Riskometer of the scheme

low

Riskometer of the scheme

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Riskometer of the benchmark - NIFTY 1D Rate Index

This product is suitable for investors who are seeking*:

  1. Short Term savings solution
  2. Investment in securities covered by NIFTY 1D Rate Index

Investors should understand that their principal will be at Low Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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Frequently Asked Questions

Fund Overview

LIQUIDCASE is the NSE/BSE symbol allotted for the Zerodha Liquid ETF and has the following features:

1. It tracks the Nifty 1D Rate Index as its benchmark. The index uses the overnight rate provided through"Triparty Repo Dealing System (TREPS)" for computation of index values.

2. It invests in low risk instruments such as the overnight instruments like Tri-Party Repo on Government Securities or T-bills, Reverse repo, Cash & Cash equivalents and G-Sec(s)

The Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is India's first Liquid ETF that provides the convenience of Growth NAV (Net Asset Value), thus making it easier to track and maintain by eliminating dividend tracking. Additionally, the returns are taxed only when the ETF is sold, unlike other ETFs that pay dividends and are taxed continuously.

Please refer to this link to get more details on how the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is different from the other ETFs

The Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) invests in securities that are constituents of the Nifty 1D Rate Index. The index uses the overnight rate published on "Triparty Repo Dealing System (TREPS)", platform of CCIL, for computation of index values.

The Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) currently trades on the stock exchange, the minimum investment amount may vary based on the supply and demand for the ETF units in the secondary market. You can start investing in the Zerodha Liquid ETF using your preferred stock broker.

Investment Philosophy

The Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is suitable for investors looking for a savings solution in the short term.

The Zerodha Liquid ETF (Symbol: LIQUIDCASE) is a low risk scheme. Hence, investors are requested to be aware that their investments are at Low Risk.

The Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) helps investors with their cash management, to park idle funds and acts as a cushion against market volatility.

Mode of Investing

The Zerodha Liquid ETF (Symbol: LIQUIDCASE) is available on all major stock broking platforms. Investors are requested to check the fund presentation on this page to get the list of the broking platforms on which the ETF is available.

Cost and Tax Implications

The expense ratio of the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is 0.27% as on Dec 10, 2024

There is no exit load applicable on the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE)

Taxation will only be applicable on the gains from the units of the ETF. Investors will be taxed on the gains from the units of the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) as per their tax slab irrespective of the holding period

Fund Details

The NAV of the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is ₹105.8281 as on Dec 10, 2024

The Tracking Error of the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is 0.10% as on Dec 10, 2024

The AUM of the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE) is ₹3,167.29Cr as on Dec 10, 2024

There is no lock-in period for the Zerodha Nifty 1D Rate Liquid ETF (Symbol: LIQUIDCASE).