DSP BSE Liquid Rate ETF

Benchmark: BSE Liquid Rate Index

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This is an Exchange Traded Fund fund with BSE Liquid Rate Index as its benchmark. The risk level for this fund is categorized as Low Risk.

Total AUM

₹2,500.9 crores as of Nov 30, 2024

Age of Fund

8 months since Mar 27, 2024

Expense Ratio

0.3% as of Dec 20, 2024

Exit Load

Nil

Goal of Investment

Cash Management

Ideal holding period

3 Days+

Things to know before you invest

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Why should one invest in DSP BSE Liquid Rate ETF?

Easy access to liquid money
If you trade on stock markets actively, DSP BSE Liquid Rate ETF can help you utilize idle money in your broker account efficiently and make you potentially earn higher returns than your savings bank account.
Hassle-free money movement
Investing in DSP BSE Liquid Rate ETF helps you in avoiding extra steps in transactions to move money between your trading & bank account.
Income compounding
You stand a chance to enjoy the benefits of compounded returns since no IDCW is paid out.
No Interest rate & credit risk
It invests in low-risk securities like Tri-Party REPO, Repo in Government Securities, Reverse Repo and similar other overnight instruments.
No hassle of fractional units or small bank transactions
DSP BSE Liquid Rate ETF only has growth option & accordingly there are no fractional units created or payout made due to Income Distribution Cum Capital Withdrawal (IDCW).

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Who should invest in DSP BSE Liquid Rate ETF?

Consider this fund if you
- If you want to park money for a very short period of time & may need to withdraw suddenly.
- If you want to avoid cash being flushed out to bank accounts from demat accounts.
- If you are a retail trader or an investor.
- If you are a Portfolio Management Services (PMS) provider.
- If you manage institutional money for a firm which invests directly in equities.
- If you want to avoid hassle of calculating return due to IDCW getting credited to demat/bank accounts.

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Rethink before you invest

This is a debt ETF. While investing in this ETF scheme carries Low Risk, it also means you are likely to earn low returns.

Fund managers:

Anil Ghelani

Managing this fund since March 2024.

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Managing this fund since March 2024.

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Diipesh Shah

Managing this fund since March 2024.

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Managing this fund since March 2024.

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Anil has been working with DSP Group since 2003 and is currently Head of Passive Investments & Products. Previously, he served as the Business Head & Chief Investment Officer at DSP Pension Fund Managers and prior to that leading the Risk and Quantitative Analysis team at DSP Mutual Fund responsible for monitoring of portfolio risk and buy-side credit research on companies across various sectors.
He also worked at IL&FS Asset Management Company and at S.R. Batliboi a member firm of EY. He is currently serving in volunteer capacity as a Director and Vice Chairman of the CFA Society India.
Anil is a CFA Charter Holder (CFA Institute USA), Chartered Accountant (ICAI India) and holds a Bachelor of Commerce degree (University of Mumbai).

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Diipesh has a total work experience of Over 20 years.
He is working with DSP from September 2019 as a Dealer for ETF and Passive Investments. Now he is also Fund Manager of various schemes of DSP Mutual Fund.
Diipesh has also worked with JM Financial Institutional Broking Limited, Centrum Broking Limited, IDFC Securities Limited and Kotak Securities Limited as Institutional Equity Sales Trading.
He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Portfolio

Prescribed asset allocation: 95% - 100% Tri Party REPOs, Repo in Government Securities, Reverse Repos and any other similar overnight instruments as may be provided by RBI and approved by SEBI , 0% - 5% Cash and Cash Equivalents

Current Allocation

as of Nov 30, 2024

Equity 0%
Debt / cash 99.53%

Equity
Debt / Cash

Top holdings

No Data to display

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

99.53%

Cash & cash equivalents

0.47%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%

See 1 holding Top Group Holdings

Indicators

Tracking Error

0.4 %

Tracking Error (Abs.)

0.025 %

Historical Returns (As per SEBI format)as of with investment of₹10,000

	This fund		BSE Liquid Rate Index ^{^}		CRISIL 1 Year T-Bill Index ^#		Tracking difference
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	IDCW per unit	NAV Before	NAV After

Chart type:

Returns RangesStatistics

Invested Amount

₹

Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Fund Details

Investment Objective

The Scheme seeks to provide returns before expenses that correspond to the returns of BSE Liquid Rate Index, subject to tracking errors.
There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Type

Exchange Traded Fund

An open ended scheme replicating/ tracking BSE Liquid Rate Index. A relatively low interest rate risk and relatively low credit risk.

Riskometer

Level of Risk in the Scheme

View details

Potential Risk Class Matrix : A-I

A-I is the potential risk class matrix of DSP BSE Liquid Rate ETF based on interest rate & credit risk.

Other Information

NSE/BSE Symbol	LIQUIDADD
BSE Script Code	544159
ISIN	INF740KA1UM0
Bloomberg Code	DLIQGRW
Minimum Investment	Through Stock Exchange - 1 Unit & in multiples thereof.

Fund Documents

KIM and Applications

NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE'

BSE Disclaimer: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the 'Disclaimer clause of the BSE Limited'.