Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily (₹ 1,000.00) - NAV, Reviews & asset allocation (2024)

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Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily

Unrated

Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily Fund Details

Investment Objective - The scheme aims to provide current income commensurate with low risk while providing a high level of liquidity through a portfolio of Collateralised Lending & Borrowing Obligation (CBLO)/Repo & Reverse Repo.

Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily Investment Details

Portfolio Aggregates

Style Box

Investment / Portfolio Grades

Type of Holdings

Debt Holdings data not available for this fund

• Cumulative Returns

• SIP returns

• Discrete Returns

• Quant Measures

• Asset Allocation

• Scheme Name	NAV(Rs./Unit)	Scheme Rating	AUM(Rs. Cr)	1M	1Y	3Y	5Y
  Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily	1,000.00	Unrated	9,929.23	0.33	5.48	3.94	3.66
  Mahindra Manulife Liquid Fund Regular -IDCW Daily	1,000.47		793.56	0.57	7.03	5.02	5.23
  Canara Robeco Liquid Regular Plan-IDCW Daily	1,005.50		3,185.14	0.56	7.03	4.99	5.02
  Baroda BNP Paribas Liquid Fund-IDCW Daily	1,001.20		8,891.45	0.56	6.99	5.03	5.18
  Bank of India Liquid Fund Regular-IDCW Daily	1,002.11		1,478.02	0.57	7.04	5.03	5.14

• Standard Deviation

  Standard Deviation

  Standard deviation is the deviation of the fund's return around mean.

  Low Volatality

  0.41VS0.47

  Fund Vs Category Avg

• Beta

  Beta

  Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.

  Low Volatality

  0.75VS0.98

  Fund Vs Category Avg

• Sharpe Ratio

  Sharpe Ratio

  Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.

  Poor risk-adjusted returns

  -2.03VS0.01

  Fund Vs Category Avg

• Treynor's Ratio

  Treynor's Ratio

  Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.

  Poor risk-adjusted returns

  -1.11VS0.01

  Fund Vs Category Avg

• Jensen's Alpha

  Jensen's Alpha

  Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.

  Poor risk-adjusted returns

  0.51VS1.75

  Fund Vs Category Avg

• Mean Return

  Mean Return

  Average return generated by the fund during a specified period.

  Poor average monthly returns

  3.83VS4.67

  Fund Vs Category Avg

Risk Ratio Chart

• SIP Calculator

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About Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily
1. Nippon India ETF Nifty 1D Rate Liquid BeES is Open-ended Liquid Debt scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Jul 08, 2003.

Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to provide current income commensurate with low risk while providing a high level of liquidity through a portfolio of Collateralised Lending & Borrowing Obligation (CBLO)/Repo & Reverse Repo. "
2. It is benchmarked against NIFTY 1D Rate Index.

Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Nippon India ETF Nifty 1D Rate Liquid BeES is 0.0 years and Duration is null years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.

Tax Implications on Nippon India ETF Nifty 1D Rate Liquid BeES-IDCW Daily

Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.

If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.

Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.