Kotak Nifty 1D Rate Liquid ETF
Price & Volume
Key Talking Points
Relatively low expense ratio
Expense ratio of the ETF (0.19%) is lower than average expense ratio of other Index funds/ETFs (0.34%) tracking NIFTY 1D Rate Index
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Low tracking error
Tracking error of the ETF (0.01%) is low
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Low tracking difference
Tracking difference of the ETF (0.21%) is low
This measures the difference in returns (last 1 year) between the Index fund/ETF and its respective benchmark. Lower absolute tracking difference is better
What is Tracking Difference (1Y)?
Relatively in line tracking difference
Tracking difference of the ETF is lower than average tracking difference of other Index funds/ETFs (0.41%) tracking NIFTY 1D Rate Index
This measures the relative tracking difference of the Index fund/ETF with respect to average tracking difference all index funds/ETFs tracking the same benchmark.
What is Tracking Difference (1Y)?
ETF's average daily traded value is high
This ETF's average 21-day turnover is relatively high at Rs 125.0 cr.
This is measured as average daily traded value (over last 21 trading days) on NSE and BSE combined (as applicable). Lower volume could imply low liquidity which could increase the transaction cost when buying/selling the ETF
What is Turnover (1M)?
3-year performance is in the bottom 25th percentile
3-year CAGR of 5.96% is in the bottom 25th percentile in its category - Debt: Overnight
This is measured by percentile rank of the scheme in its category based on 3-year CAGR. Lower rank implies that scheme was a relative outperformer in its category
What is CAGR (3Y)?
Relatively low tracking error
Tracking error of the ETF is lower than average tracking error of other Index funds/ETFs (0.04%) tracking NIFTY 1D Rate Index
This measures the relative tracking error of the Index fund/ETF with respect to average tracking error all index funds/ETFs tracking the same benchmark.
What is Tracking Error?
Scheme Overview
The scheme seeks to invest in Triparty repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, closely correspond to the returns of the NIFTY 1D Rate Index, subject to tracking difference.