MIRAE ASSET
NIFTY 1D RATE LIQUID ETF$ (NSE Symbol : LIQUID, BSE Code: 543946)
(An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with daily Income Distribution cum capital withdrawal (IDCW) and compulsory Reinvestment of IDCW option. A relatively low interest rate risk and relatively low credit risk)
| Type of Scheme | An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with daily Income Distribution cum capital withdrawal (IDCW) and compulsory Reinvestment of IDCW option. A relatively low interest rate risk and relatively low credit risk |
| Investment Objective | The investment objective is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo. The Scheme endeavors to provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate Index subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns |
Fund Manager** |
Mr.Amit Modani (since July 27, 2023) |
| Allotment Date | 27th July 2023 |
| Benchmark Index | Nifty 1D Rate Index |
| Minimum Investment Amount^ |
Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component. Large Investors: Minimum amount of ₹25 crores for transacting directly with the AMC. Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed. On exchange In multiple of 1 units Directly with AMC In multiple of 2,500 units |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
NA |
| Load Structure | Entry load: NA Exit load: NIL |
| Plans Available Options Available |
The Scheme does not offer any Plans/Options for investment |
| Monthly Average AUM (₹ Cr.) as on November 30, 2023 | 225.30 |
| Net AUM (₹ Cr.) | 232.23 |
| Tracking Error Value~ ~1 Year Tracking Error is |
0.08% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 | 0.25% |
| **For experience of Fund Managers Click Here | |
| ^The applicability of said threshold limit for all investors (other than Market Makers) has been extended for the below categories of investors till April 30, 2024:- 1. Schemes managed by Employee Provident Fund Organisation, India. 2. Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961. |
|
| ₹ 1000.0000 (Per Unit) |
| Average Maturity | 1.00 Days |
| Modified Duration | 0.00 Years |
| Macaulay Duration | 0.00 Years |
| Annualized Portfolio YTM* | 6.75% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Cash & Other Receivables | |
| TREPS / Repo | 99.58% |
| Net Receivalbes/(Payables) | 0.42% |
| Total | 100.00% |
Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Cholamandalam Securities Limited
Parwati Capital Market Private Limited
This product is suitable for investors who are seeking*
• A liquid exchange traded fund that aims to provide returns commensurate with low risk and providing a high a level of liquidity
• Short term savings solution
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Live iNav is updated on Mirae Asset Mutual Fund website
NSE Symbol :LIQUID
BSE Code:543946
Bloomberg Code:LIQUID IN Equity
Reuters Code: MIRA.NS
$Pursuant to clause 13.2.2 of SEBI master circular dated May 19, 2023, the scheme is in existence for less than 6 months
