Shriram Mutual Fund
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Shriram Nifty 1D Rate Liquid ETF | Shriram AMC

DebtInvest Now
Direct - Growth
NAV  

₹ null

as on

NA

Benchmark  

NIFTY 1D Rate I...

Investment Horizon  

3-6 months

Suitable for achieving goals like

Easy Liquidity

iNAV

-

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 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 PeriodAverage rolling return (Return<1 year have been anualized)
NIFTY 1D Rate Index
15 Days6.81%
30 Days (1 month)6.77%
90 Days (3 month)6.82%
180 Days (6 month)6.91%
1 year6.86%

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

  • savings

    Parking extra cash with higher returns vs. savings, with minimal risk​

  • lock

    Hedge the equity market volatility by parking money for short term in 1 day liquid ETF​

  • min-invest

    Available for margin pledge​

Why invest in Shriram Nifty 1D Rate Liquid ETF | Shriram AMC?

  • beating-return

    Upside of higher returns vs. savings​

  • downside-protection

    Seamless cash management with margin pledge ​

  • active-fund

    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)

savings

Stocks get debited and Units of Shriram NIFTY 1D Rate Liquidity ETF (Growth) get credited to your DEMAT A/C

data-visual

Your funds earn returns in the form of daily Growth in NAV

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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 whether the product is suitable for them.

Riskometer

Very Low Risk
Investor should consult their financial distributors if in doubt about whether the product is suitable for them

Benchmark Riskometer

Very Low Risk
Investor should consult their financial distributors if in doubt about whether the product is suitable for them

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

Credit Risk / Interest Rate RiskRelatively 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

FeaturesShriram NIFTY 1D Rate Liquid ETF (Growth)Daily Dividend ETFs
Easy to trackReturns reflected in daily NAVDaily (fractional) dividend requires tracking
Tax efficientReturns taxed only on redemptionTaxed continued with TDS
Benefit of compoundingReturns reinvested for growthReturns 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 2024NIFTY 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

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Asset under management

NA
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Lock-in period

No lock-in
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Benchmarkinfo-icon

NIFTY 1D Rate Index
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Inception Date

05-Jul-2024
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Scheme options

Direct Plan somthing went wrong

  • (i) Growth
min-invest

Minimum Investment

1000

min-invest

Minimum Additional Purchase Amount: 

5000

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.

enty-load

Entry load

There is no entry load

entry load

Exit load

There is no exit load
expense

Expense ratio

0.35%

Direct Growth

expense

Tracking Error

0.01 %

20 Dec 2024

Tracking Difference

-0.37 %

30 Nov 2024

Fund Performance

Performance of Shriram Nifty 1D Rate Liquid ETF | Shriram AMC - Direct Growth as of Dec 20, 2023

Returns of Direct Plan - Growth Option as on 20-Dec-2024

Date of inception 05-Jul-2024

NAV Rs. 1028.69AUM Rs.(in crore)
DatePeriodNav (Rs.) Per UnitScheme Returns (%)Scheme Benchmark Returns (%)

Additional Benchmark (NIFTY50) Returns (%)

Current value of ₹ 10,000 invested
SchemeScheme BenchmarkAdditional Benchmark (CRISIL 1 Yr T-Bill Index)
Dec 13,2024

Last 7 Day

1027.45890.12%0.14%NA₹10,012₹10,014NA
Dec 05,2024

Last 15 Day

1026.06840.26%0.27%NA₹10,026₹10,027NA
Nov 19,2024

Last 1 Month

1023.31450.52%0.57%NA₹10,052₹10,057NA
Sep 20,2024

Last 3 Month

1013.40181.51%1.6%NA₹10,151₹10,160NA
Jul 05,2024

Since Inception(05 Jul 2024)

10006.34%6.67%NA₹10,287₹10,302NA

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 30 Nov 2024)

  • Net Receivables / (Payables)

    -0.08%
  • Money Market Instruments- TREPS

    100.08%
Sector Allocation

(as on 30 Nov 2024)

  • Others

    100.00%
Holdings 2
NameSectorInstrumentAssets
TREPS_RED_02.12.2024OthersMoney Market Instruments- TREPS
100.08%
Net Receivables / (Payables)OthersNet Receivables / (Payables)
-0.08%

Fund Management

fund-management-box1

Mr Deepak Ramaraju
Managing this fund since 20 Aug 22

Mr Deepak Ramaraju

Managing this fund since 20 Aug 22

Work Experience

21 years

Fund Managed

09
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Ms Gargi Bhattacharyya Banerjee

Ms Gargi Bhattacharyya Banerjee

Managing this fund since 28 Sep 28

Work Experience

22 years

Fund Managed

09
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Mr. Sudip
Managing this fund since 3 Oct 24

Mr. Sudip

Managing this fund since 3 Oct 24

Work Experience

19 years

Fund Managed

09
fund-management-box1

Mr Deepak Ramaraju
Managing this fund since 20 Aug 22

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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
  • Shriram Liquid Fund
  • Shriram Multi Sector Rotation Fund
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Ms Gargi Bhattacharyya Banerjee
Managing this fund since 28 Sep 18

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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
  • Shriram Liquid Fund
  • Shriram Multi Sector Rotation Fund
fund-management-box2

Mr. Sudip
Managing this fund since 3 Oct 24

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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
  • Shriram Liquid Fund
  • Shriram Multi Sector Rotation Fund

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

Email

customercare@shriramamc.co.in

Contact

Investor – 18604191200

Distributor - 18604191400

Frequently Asked Questions

Here are some of the frequently asked questions about flexi cap funds:
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What is Shriram NIFTY 1D Rate Liquid ETF?

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Disclaimer: 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​

Risk Factors: 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​

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