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Fund Card

Bajaj Finserv Nifty 1D Rate Liquid ETF-Growth

ETF
Benchmark:Nifty 1D Rate
iNAV    
₹ 94.4960
as on 03-Jan-2025
 
  
 
Summary Note
 
notifier-imgThis is an Exchange Traded Fund fund with Nifty 1D Rate Index as its benchmark. The risk level for this fund is categorized as Low.
Summary Dynamic Card

Total AUM

₹290.10 crores

as on 31 January, 2025

Age of Fund

9 months

since 28 May, 2024

Entry & Exit Load

Nil

Ideal holding period

10 Years+

Summary Investment Philosophy

Investment Objective

The investment objective of scheme 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 amd reverse repo. The scheme will provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate index, subject to tracking error.
However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Benefits
 
 

Benefits

Low risk

Investments in short-term and high-quality securities mitigate interest rate and credit risk.

Return potential

Offers the potential for slightly better returns than savings accounts.

High liquidity

Traded on stock exchanges, ETFs provide easy buying and selling, ensuring quick and efficient transactions.

Portfolio
 

Asset Allocation

Tri-Party Repos in Government Securities or Treasury Bills (TREPS): 95% - 100%. Risk Profile - Low

Units of Overnight/ Liquid schemes#, Money Market Instruments (with maturity not exceeding 91 days)*, cash & cash equivalent: 0% - 5%. Risk Profile - Low to Moderate

*Money market instruments will include Government securities, Treasury Bills, Cash Management Bills, CBLO, Repo, Reverse Repo, TREPS, Certificate of Deposits (CDs), Commercial Paper (CPs) and any other securities/instruments as may be permitted by SEBI and RBI from time to time. The Scheme shall make investments in/purchase money market securities with maturity of up to 91 days only.

Investment in repo in corporate debt securities upto 5% of the net asset with maturity of upto 91 days.

#The scheme may invest upto 5% of the net asset in Liquid & Overnight Fund of Bajaj Finserv Mutual Fund and other Mutual Fund without charging any fees, in accordance with the applicable extant SEBI (Mutual Funds) Regulations, 1996 as amended from time to time.
For more details, kindly refer Scheme Information Document.

 
 

Top Holdings

Top Sectors
Top Holding
Top 7 Stocks
% to NAV
Clearing Corporation of India Ltd
94.80%
T Bill
4.27%
 
Cash & Cash Equivalent
0.93%
Top 7 Groups
% to NAV
CCIL
94.80%
Government of India
0.66%
 
Cash & Cash Equivalent
0.93%
q
Top 4 Sectors
 
Other
99.34%
Cash & Cash Equivalent
0.66%

As on 28-02-2025
Top Holdings
Others
94.80%
Government of India
0.66%
Cash & Cash Equivalent
0.93%
 
Credit rating profile
Cash Equivalent
0.94%
 
Instrument break-up
TREPS
1.75%
 
As on 31-03-2025
ETF Launch Date

Launch Date

May 28th, 2024

Load Structure

Load Structure/Lock-In Period


Entry load – not applicable

Exit load – Nil
There will be no exit load for units sold through the secondary market on the stock exchange. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors.
Minimum Investment

Minimum Application Amount

On an On-going Basis:

On Exchange: Investors can buy/sell units of the scheme in round lot of 1 unit and in multiples thereof.
Directly with the Mutual Fund: Any order placed for redemption or subscription directly with the AMC must be of greater than Rs. 25 Cr. However, the aforementioned threshold of INR 25 crore shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI):
• Schemes managed by Employee Provident Fund Organisation, India;
• Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961.
Fund Size

Fund Size (AUM)

  • Monthly Average - 239.76 as as on 28 February 2025
  • Month End - nil - 290.10 as on 28 February 2025

Total Expense Ratio (TER)

Click Here

To view Total Expense Ratio

Benchmark and Exchange

Benchmark Index

Nifty 1D Rate Index

Market Makers

 

TER

Total Expense Ratio of Mutual Fund scheme

Maximum Total expenses ratio (TER) permissible under Regulation 52 (6) (c) - Up to 1.00 and additional expenses for gross new inflows from specified cities - Up to 0.30

Fund Manager

Fund Managers

Siddharth Chaudhary
Senior Fund Manager - Fixed Income
View in detail
Scheme Fund Details

Fund Details

Type of scheme

Bajaj Finserv Nifty 1D Rate Liquid ETF - Growth - An open ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk

PRC

Potential Risk Class (PRC)

Product Label and Riskometer

Product Label and Riskometer

This product is suitable for investors who are seeking*:

  • Short term savings solution
  • An open ended Exchange Traded Fund liquid scheme, that aims to provide returns by investing in securities covered by Nifty 1D Rate Index with low risk and a high level of liquidity, subject to tracking error.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Scheme Documents
 
 

Documents

Bajaj Finserv Nifty 1D Rate Liquid ETF - Tracking Error Download icon
Kim Bajaj Finserv Nifty 1D Rate Liquid etf - Growth Download icon
SID - Bajaj Finserv Nifty 1D Rate Liquid ETF - Growth Download icon
NAV History Download icon
DIRF as on 31st March 2025 Download icon
Overview

Overview

The Bajaj Finserv Nifty 1D Rate Liquid ETF is an exchange traded fund that invests in short-term debt instruments. These include Tri-party repos in government securities or treasury bills, units of overnight and liquid schemes, money market instruments (maturity not exceeding 91 days) and cash and cash equivalents. It aims to provide returns that mirror the Nifty 1D Rate Index, subject to tracking error.

Offering high liquidity, this ETF can be suitable for those looking for a short-term investment solution that offers better return potential than savings accounts, albeit with some market risk. Investors need a demat account to invest.

What are ETFs

What are ETFs

ETFs, or Exchange-Traded Funds, are diversified investment avenues that trade on stock exchanges like individual stocks. Similar to mutual funds, ETF investments offer diversification by holding a variety of stocks, bonds, or commodities.

However, unlike mutual funds, ETFs can be bought and sold throughout the trading day at the price quoted on exchange, which is based on the current value of their underlying securities. Moreover, with most mutual funds, a manager actively chooses the portfolio holdings and makes buy or sell decisions based on the investment strategy and objectives. The goal is usually to outperform the broader market. In comparison, ETFs mirror an existing stock market index (such as the Nifty 50) and seek to replicate its performance (subject to a tracking error, which is the difference between the fund’s performance and that of its benchmark).

Why Invest in ETFs

Why invest in ETFs?

Here are some of the benefits of investing in ETFs:

  • Diversification: ETFs provide exposure to a broad range of assets, helping reduce individual stock or sector risk.
  • Low costs: ETFs generally have lower fees than actively managed funds, keeping more of your returns.
  • Flexibility: You can buy and sell ETFs anytime during market hours, just like stocks.
Who should invest

Who should invest

ETF investments can be suitable for a diverse range of investors. This can include:

1. New investors who seek exposure to various assets through a single investment.
2. Seasoned investors seeking portfolio diversification or the inclusion of specific asset classes.
3. Investors who want to reduce the role of a fund manager’s decision-making on their investment and prefer to align it with broader market movements.
4. Investors seeking intra-day liquidity and trading flexibility.
5. Investors who want lower expense ratios than that charged by active mutual funds

FAQ
 
 

Frequently Asked Questions

The Nifty 1D Rate Liquid ETF invests in short-term debt securities such as TREPS, overnight securities and other fixed-income instruments with high liquidity and low risk.

This ETF can be suitable for investors looking for a low-risk, highly liquid option to park surplus cash for short durations. It offers the potential for better returns than savings account, albeit with some risk.

While the risk level is low, no mutual fund or ETF is risk free and returns may fluctuate depending on market conditions.

Investors need a demat account to invest in this fund.

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