Zerodha Nifty 1D Rate Liquid ETF

Zerodha Nifty 1D Rate Liquid ETF

LIQUIDCASE

A simple ETF for effectively parking and managing extra cash

AUM

₹225.16Cr

Expense Ratio

0.23%

Risk

Low

iNAV

₹100.7784

Ideal for

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Short Term

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Easy Liquidity

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Cash Management

About the fund

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 investors/traders who have extra money and want both liquidity and growth in a short period. Investors 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 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 surcharge, if any and 4% cess)

Holdings
As on Feb 23, 2024
Top HoldingsWeightage (%)
TREPS
99.51 %
Cash & Cash Equivalents
0.49 %
Fund Details
As on Feb 23, 2024
NAV
₹100.7437
Exit Load
0%
Tracking Error
0.31%
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 benchmark - NIFTY 1D Rate

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.