Asset under management
Shriram Nifty 1D Rate Liquid ETF | Shriram AMC
NAV 
NA
as on NA
NA
Benchmark NIFTY 1D Rate
Investment Horizon 3-6 months
iNAV 1024.19
as on Nov 22, 2024Investment Objective
The investment objective of the Scheme is 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
What is NIFTY 1D Rate Index?*
The Nifty 1D Rate Index has been developed to measure the returns generated by market participants lending in the overnight market.
NIFTY 1D Rate Index - Rolling Returns and Performance since Inception
| Return Period | Average rolling return (Return<1 year have been anualized) |
|---|---|
| NIFTY 1D Rate Index | |
| 15 Days | 6.81% |
| 30 Days (1 month) | 6.77% |
| 90 Days (3 month) | 6.82% |
| 180 Days (6 month) | 6.91% |
| 1 year | 6.86% |
Disclaimer: Past performance may or may not be sustained in future. For performance in SEBI Format please refer performance section.
This fund is ideal for you if you are looking for
-
Parking extra cash with higher returns vs. savings, with minimal risk
-
Hedge the equity market volatility by parking money for short term in 1 day liquid ETF
-
Available for margin pledge
Why invest in Shriram Nifty 1D Rate Liquid ETF | Shriram AMC?
Upside of higher returns vs. savings
Seamless cash management with margin pledge
Price appreciation in NAV with growth plan
How does Cash Equitization work with Liquid ETFs in your Demat?
You sell stocks and buy units of Shriram NIFTY 1D Rate Liquidity ETF (Growth)
Stocks get debited and Units of Shriram NIFTY 1D Rate Liquidity ETF (Growth) get credited to your DEMAT A/C
Your funds earn returns in the form of daily Growth in NAV
Disclaimer: The performance of any mutual fund is subject to market risks and may vary from person to person. The above-mentioned story is for illustrative purposes only and should not be considered as a guarantee or assurance of the performance of any mutual fund. It is important to do your own research and consult with a financial advisor before making any investment decisions.
This product is suitable for investors who are seeking*
- A stable, liquid alternative to traditional savings accounts
- Safety and liquidity for short-term funds
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Riskometer
Investor should consult their financial distributors if in doubt about whether the product is suitable for them
Benchmark Riskometer
Investor should consult their financial distributors if in doubt about whether the product is suitable for them
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
| Credit Risk / Interest Rate Risk | Relatively Low (Class A) | Moderate (Class B) | Relatively High (Class C) |
|---|---|---|---|
| Relatively Low (Class I) | A-I | - | - |
| Moderate (Class II) | - | - | - |
| Relatively High (Class III) | - | - | - |
Shriram Nifty 1D Rate Liquid ETF (Growth) vs. Dividend ETFs
| Features | Shriram NIFTY 1D Rate Liquid ETF (Growth) | Daily Dividend ETFs |
|---|---|---|
| Easy to track | Returns reflected in daily NAV | Daily (fractional) dividend requires tracking |
| Tax efficient | Returns taxed only on redemption | Taxed continued with TDS |
| Benefit of compounding | Returns reinvested for growth | Returns paid out as daily dividend |
This table compares the Shriram Nifty 1D Rate Liquid ETF Growth to other Dividend ETFs based on publicly available information. It’s for general informational purposes only and shouldn’t be taken as investment advice. It’s recommend that you do . your own research before making any investment decisions.
Shriram Nifty 1D Rate Liquid ETF (Growth) vs. Dividend ETFs
| Returns as on 31st may 2024 | NIFTY 1D Rate (6.86%) | Savings Account (3.00%) |
|---|---|---|
| Current vaue of ₹10,000 invetsed 1 year ago would be | ₹10,686 | ₹10,300 |
*Savings account interest rate for large indian banks
Fund Details
Lock-in period
No lock-in
Benchmark
NIFTY 1D Rate
Inception Date
05-Jul-2024
Scheme options
Direct Plan
- (i) Growth Plan
Minimum Investment
₹ 1000
and in multiples of ₹ 1/- thereafter
Minimum Additional Purchase Amount:
₹ 5000
and in multiples of ₹ 1/- thereafter
Note: In accordance with the regulatory requirement, the minimum application amount and minimum redemption amount will not be applicable for investment made in schemes of the Fund in compliance with the SEBI circular no. SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated April 28, 2021 read along with SEBI circular no. SEBI/HO/IMD/IMD- I/DOF5/P/CIR/2021/629 dated September 20, 2021.
Entry load
There is no entry load
Exit load
There is no exit load
Expense ratio
%
Regular Growth
0.35%
Direct Growth
Tracking Error
0.01 %
as on Nov 21, 2024
Tracking Difference
-0.36 %
as on Oct, 2024
Fund Performance
Performance of Shriram Nifty 1D Rate Liquid ETF | Shriram AMC - Regular Growth as of Nov 14, 2024
Returns of Direct Plan - Growth Option as on 14-Nov-2024 Date of inception 05-Jul-2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| NAV Rs. 1022.50 | AUM Rs.(in crore)NA | |||||||
| Date | Period | Nav (Rs.) Per Unit | Scheme Returns (%) | Scheme Benchmark Returns (%) | Additional Benchmark (CRISIL 1 Yr T-Bill Index) Returns (%) | Current value of ₹ 10,000 invested | ||
| Scheme | Scheme Benchmark | Additional Benchmark (CRISIL 1 Yr T-Bill Index) | ||||||
| Nov 07, 2024 | Last 7 Day | 1021.3386 | 0.11% | 0.15% | NA | ₹10,011 | ₹ 10,015 | NA |
| Oct 30, 2024 | Last 15 Day | 1020.0267 | 0.24% | 0.28% | NA | ₹10,024 | ₹ 10,028 | NA |
| Oct 14, 2024 | Last 1 Month | 1017.3190 | 0.51% | 0.58% | NA | ₹10,051 | ₹ 10,058 | NA |
| Aug 14, 2024 | Last 3 Month | 1007.2602 | 1.51% | 1.62% | NA | ₹10,151 | ₹ 10,162 | NA |
| Jul 05, 2024 | Since Inception(05 Jul 2024) | 1000.0000 | 6.34% | 6.70% | NA | ₹10,225 | ₹ 10,237 | NA |
Returns of Regular Plan - Growth Option as on 14-Nov-2024 Date of inception 05-Jul-2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| NAV NA | AUM Rs.(in crore) | |||||||
| Date | Period | Nav (Rs.) Per Unit | Scheme Returns (%) | Scheme Benchmark Returns (%) | Additional Benchmark (CRISIL 1 Yr T-Bill Index) Returns (%) | Current value of ₹ 10,000 invested | ||
| Scheme | Scheme Benchmark | Additional Benchmark (CRISIL 1 Yr T-Bill Index) | ||||||
Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.Nifty 1D Rate Index is the scheme benchmark. The returns are simple annualized returns for less than 1 year & since inception. There are no plans under the scheme. The scheme offers only growth options. For computation of return since inception the allotment NAV has been taken as Rs. 1000.00. Point-to-point returns on a standard investment of Rs. 10,000/- are in addition to CAGR for the Scheme. Past performance may or may not be sustained in future. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a Non-Business Date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee with effect from July 05, 2024.
Fund Portfolio
Fund Distribution
(as on 31 Oct 2024)
Net Receivables / (Payables)
-0.08%Money Market Instruments
100.08%
Sector Allocation
(as on 31 Oct 2024)
Others
100.00%
Holdings (2)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| TREPS_RED_04.11.2024 | Others | Money Market Instruments | |
| Net Receivables / (Payables) | Others | Net Receivables / (Payables) |
Holdings
(as on 31 Oct 2024)
Sector Allocation
Others
100.00%
Fund Management
Mr Deepak Ramaraju
Managing this fund since 20 Aug 22
Mr Deepak Ramaraju
Managing this fund since 20 Aug 22Work Experience
21 yearsFund Managed
07
Ms Gargi Bhattacharyya Banerjee
Ms Gargi Bhattacharyya Banerjee
Work Experience
22 yearsFund Managed
07
Mr. Sudip
Managing this fund since 3 Oct 24
Mr. Sudip
Managing this fund since 3 Oct 24Work Experience
19 yearsFund Managed
07Mr Deepak Ramaraju
Managing this fund since 20 Aug 22
Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 16 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team.
Funds managed by the fund manager
- Shriram Aggressive Hybrid Fund
- Shriram Flexi Cap Fund
- Shriram ELSS Tax Saver Fund
- Shriram Balanced Advantage Fund
- Shriram Overnight Fund
- Shriram Multi Asset Allocation Fund
- Shriram Nifty 1D Rate Liquid ETF
Ms Gargi Bhattacharyya Banerjee
Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.
Funds managed by the fund manager
- Shriram Aggressive Hybrid Fund
- Shriram Flexi Cap Fund
- Shriram ELSS Tax Saver Fund
- Shriram Balanced Advantage Fund
- Shriram Overnight Fund
- Shriram Multi Asset Allocation Fund
- Shriram Nifty 1D Rate Liquid ETF
Mr. Sudip
Managing this fund since 3 Oct 24
Mr. Sudip has around 19 years of experience in managing Fixed Income Investments, Macroeconomic Research and Credit Analysis. Prior to this assignment, Mr. Sudip was Debt Fund Manager at Kshema General Insurance Company. Additionally, he has also worked with Sahara India Life Insurance Company Ltd as a Debt Fund Manager whereby managing ULIP and Traditional funds on Fixed Income side.
Funds managed by the fund manager
- Shriram Aggressive Hybrid Fund
- Shriram Flexi Cap Fund
- Shriram ELSS Tax Saver Fund
- Shriram Balanced Advantage Fund
- Shriram Overnight Fund
- Shriram Multi Asset Allocation Fund
- Shriram Nifty 1D Rate Liquid ETF
Fund House
Shriram Asset Management Co Ltd.
217, 2nd floor, Swastik Chamber, Near junction of S.T. & C.S.T. road, Chembur, Mumbai - 400 071
customercare@shriramamc.co.in
Contact
Investor – 18604191200
Distributor - 18604191400
Frequently Asked Questions
What is Shriram NIFTY 1D Rate Liquid ETF?
Shriram NIFTY 1D Rate Liquid ETF is an open ended Exchange Traded Fund replicating/ tracking NIFTY 1D Rate Index. A relatively low interest rate risk and relatively low credit risk.
What is the Investment Objective?
The investment objective of the Scheme is 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.
What is the suitability of this scheme?
This product is suitable for investors who are seeking:*
-
A stable, liquid alternative to traditional savings accounts
-
Safety and liquidity for short-term funds
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
What is the asset allocation?
A. Tri-Party Repo on Government Securities or T-bills, Reverse repo & Cash and Cash equivalents
B. Other money market instruments with a residual maturity of up to 30 days#
#In accordance with the provisions of Para 2.6 of the Master Circular, as amended from time to time, the scheme may deploy upto 5% of its net assets in G-secs and/or T-bills with a residual maturity of upto 30 days for the purpose of placing the same as margin and collateral for certain transactions.
Who is the Fund Manager of the scheme?
Mr. Deepak Ramaraju & Ms. Gargi Bhattacharyya Banerjee are the fund managers of Shriram NIFTY 1D Rate Liquid ETF (Growth)
BSE/NSE Disclaimer: Every person who desires to apply for or otherwise acquires any unit of this Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription/ acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever
Disclaimer of indices: NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty 1D Rate Liquid Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty 1D Rate Liquid Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims, damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY
