Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
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Expense Ratio (%)
|
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Mirae Asset Nifty 1D Rate Liquid ETF
|
Low
|
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0.27 |
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Low
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0.69 |
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Low
|
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0.25 |
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Low
|
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0.26 |
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Low
|
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0.35 |
₹496 Cr
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5,000
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Investment Strategy
The scheme 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.
Suitability
"Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."
Capital Gains Taxation
Dividend Taxation
Mirae Asset Nifty 1D Rate Liquid ETF is mandated to invest in bonds having a maturity of up to three months. Being passively managed, it replicates the portfolio of its chosen benchmark index.
Mutual funds can be bought directly from the website of the fund house. For instance, Mirae Asset Nifty 1D Rate Liquid ETF fund can be purchased from the website of Mirae Asset Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Mirae Asset Nifty 1D Rate Liquid ETF is ₹1,000.0000 as of 14-Aug-2024.
The AUM of Mirae Asset Nifty 1D Rate Liquid ETF Fund is ₹496 Cr as of 31-Jul-2024
The riskometer level of Mirae Asset Nifty 1D Rate Liquid ETF is Low. See More
As of 31-Jul-2024, Mirae Asset Nifty 1D Rate Liquid ETF had invested 100% in Cash & Cash Eq. See More
Mirae Asset Nifty 1D Rate Liquid ETF is 1 years 0 months old. It has delivered -- returns since inception. See More
1Y
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3Y
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5Y
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7Y
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10Y
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Since Inception
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No, There is no lock in period in Mirae Asset Nifty 1D Rate Liquid ETF.
The expense ratio of Mirae Asset Nifty 1D Rate Liquid ETF is 0.27.