GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
GROWW NIFTY 1D Rate Liquid ETF is an ETF fund and Shriram Nifty 1D Rate Liquid ETF is an ETF fund. In the year to 30-10-2026, GROWW NIFTY 1D Rate Liquid ETF returned 4.7% and Shriram Nifty 1D Rate Liquid ETF (Direct) returned 4.7%. Their portfolios overlap 99.2%: they hold 1 of the same security.
GROWW NIFTY 1D Rate Liquid ETF
ETF
- 1 year return
- 4.7%
- Expense ratio
- 0.38%
- NAV
- ₹111.41
Shriram Nifty 1D Rate Liquid ETF
ETF
- 1 year return
- 4.7%
- NAV
- ₹1,128.14
Which is better, GROWW NIFTY 1D Rate Liquid ETF or Shriram Nifty 1D Rate Liquid ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Nifty 1D Rate Liquid ETF returned more over 1 year: 4.7% against 4.7%.
- GROWW NIFTY 1D Rate Liquid ETF is the larger fund: ₹87 Cr against ₹31 Cr.
- Their portfolios overlap 99.2%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | GROWW NIFTY 1D Rate Liquid ETF | Shriram Nifty 1D Rate Liquid ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | Shriram Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹87 Cr (30-09-2026) | ₹31 Cr (30-09-2026) |
| NAV | ₹111.41 | ₹1,128.14 (Direct) |
| Expense ratio (Direct) | Not available | 0.00% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Low | Low |
| Benchmark | Nifty 1D Rate Index | Nifty 1D Rate Index |
| Launch date | 24-09-2024 | 05-07-2024 |
| Minimum investment | ₹500 | Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component. Large Investors: Minimum amount of Rs. 25 crores for transacting directly with the AM |
| Lock in | None | None |
| Fund managers | Kaustubh Sule, Ameya Sakpal | Amit Modani |
| Exit load | Nil | NIL |
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| GROWW NIFTY 1D Rate Liquid ETF | +0.41% | +1.17% | +2.35% | +4.72% | -- | -- | -- |
| Shriram Nifty 1D Rate Liquid ETF (Direct) | +0.41% | +1.17% | +2.35% | +4.74% | -- | -- | -- |
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Year-wise Returns
| Year | GROWWGROWW NIFTY 1D Rate Liquid ETF | ShriramShriram Nifty 1D Rate Liquid ETF | Nifty 1D Rate Index TRI |
|---|---|---|---|
| 2026to date | +3.87% | +3.89% | +4.31% |
| 2025 | +5.37% | +5.37% | +5.81% |
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Rolling Returns
Every holding period of both funds, against Nifty 1D Rate Index TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 346 of them, one for each trading day from 25-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
GROWW NIFTY 1D Rate Liquid ETF
Shriram Nifty 1D Rate Liquid ETF (Direct)
Nifty 1D Rate Index TRI
to
Oct 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWW NIFTY 1D Rate Liquid ETF | 0.0 | 56.9 | 43.1 | 0.0 | 0.0 | 0.0 | 0.0 | 5.1% | 4.9% | 4.7% | 5.8% | 0% |
| Shriram Nifty 1D Rate Liquid ETF | 0.0 | 51.5 | 48.5 | 0.0 | 0.0 | 0.0 | 0.0 | 5.1% | 5.0% | 4.7% | 5.7% | 0% |
| Nifty 1D Rate Index TRI | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.6% | 5.4% | 5.2% | 6.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 1D Rate Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 25-09-2024. Past returns do not promise future returns.
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 25-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| GROWW NIFTY 1D Rate Liquid ETFGROWW NIFTY 1D Rate Liquid ETF | ₹2,60,000 | ₹2,74,496 | ₹14,496 | 4.9% |
| Shriram Nifty 1D Rate Liquid ETFShriram Nifty 1D Rate Liquid ETF (Direct) | ₹2,60,000 | ₹2,74,573 | ₹14,573 | 4.9% |
GROWW NIFTY 1D Rate Liquid ETFGROWW NIFTY 1D Rate Liquid ETF
Shriram Nifty 1D Rate Liquid ETFShriram Nifty 1D Rate Liquid ETF (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | GROWW NIFTY 1D Rate Liquid ETF | Shriram Nifty 1D Rate Liquid ETF (Direct) |
|---|---|---|
| Return (CAGR) | +4.72% | +4.74% |
| Standard deviation | 0.10% | 0.04% |
| Sharpe ratio | -5.30 | -13.80 |
| Sortino ratio | -8.25 | -15.74 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 0.93 | 0.92 |
| Alpha | −0.52% | −0.51% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | GROWW NIFTY 1D Rate Liquid ETF | Shriram Nifty 1D Rate Liquid ETF (Direct) |
|---|---|---|
| Return (CAGR) | +5.24% | +5.31% |
| Standard deviation | 0.12% | 0.04% |
| Sharpe ratio | -3.58 | -11.66 |
| Sortino ratio | -6.06 | -11.56 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | 0.95 | 0.93 |
| Alpha | −0.44% | −0.46% |
From daily NAVs, 25-09-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
GROWW NIFTY 1D Rate Liquid ETF
Shriram Nifty 1D Rate Liquid ETF (Direct)
Nifty 1D Rate Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| GROWW NIFTY 1D Rate Liquid ETF | 0.0% | -- | -- | -- | -- | 0.0% |
| Shriram Nifty 1D Rate Liquid ETF (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| Nifty 1D Rate Index TRI | 0.0% | -- | -- | -- | -- | 0.0% |
From daily values since 25-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
GROWW NIFTY 1D Rate Liquid ETF
Shriram Nifty 1D Rate Liquid ETF (Direct)
Nifty 1D Rate Index TRI
Against Nifty 1D Rate Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| GROWW NIFTY 1D Rate Liquid ETF | 92% | NaN% | 0.09% |
| Shriram Nifty 1D Rate Liquid ETF (Direct) | 92% | NaN% | 0.08% |
From month-end values since 25-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Portfolio Overlap
From each fund's latest monthly portfolio: GROWW NIFTY 1D Rate Liquid ETF, January 2026; Shriram Nifty 1D Rate Liquid ETF, January 2026
Holdings in common
- Overlap
- 99.2%
- Held by both
- 1
- Only in GROWW NIFTY 1D Rate Liquid ETF
- 0
- Only in Shriram Nifty 1D Rate Liquid ETF
- 0
| Security | % of GROWW NIFTY 1D Rate Liquid ETF | % of Shriram Nifty 1D Rate Liquid ETF |
|---|---|---|
| CCIL | 99.21% | 99.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.2% means 99.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in GROWW NIFTY 1D Rate Liquid ETF
Every holding of this fund is also held by the other.
Largest holdings only in Shriram Nifty 1D Rate Liquid ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | GROWW NIFTY 1D Rate Liquid ETF | Shriram Nifty 1D Rate Liquid ETF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 99.2% | 99.3% |
| Cash and others | 0.8% | 0.7% |
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | GROWW NIFTY 1D Rate Liquid ETF | Shriram Nifty 1D Rate Liquid ETF |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.00% |
| Base expense ratio (Direct) | 0.29% | 0.00% |
| Base expense ratio (Regular) | 0.00% | 0.40% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
GROWW NIFTY 1D Rate Liquid ETF vs Shriram Nifty 1D Rate Liquid ETF: Frequently Asked Questions
What is the difference between GROWW NIFTY 1D Rate Liquid ETF and Shriram Nifty 1D Rate Liquid ETF?
GROWW NIFTY 1D Rate Liquid ETF is an ETF fund, Shriram Nifty 1D Rate Liquid ETF is an ETF fund, run by Groww Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 99.2%.
Which has given higher returns, GROWW NIFTY 1D Rate Liquid ETF or Shriram Nifty 1D Rate Liquid ETF?
Over 1 year: GROWW NIFTY 1D Rate Liquid ETF +4.72%, Shriram Nifty 1D Rate Liquid ETF +4.74%. As on 30-10-2026. Past returns do not promise future returns.
How much do GROWW NIFTY 1D Rate Liquid ETF and Shriram Nifty 1D Rate Liquid ETF overlap?
99.2%. They hold 1 of the same securities, the largest shared ones being CCIL. From each fund's latest monthly portfolio.
Which is riskier, GROWW NIFTY 1D Rate Liquid ETF or Shriram Nifty 1D Rate Liquid ETF?
On SEBI's riskometer, GROWW NIFTY 1D Rate Liquid ETF is rated Low and Shriram Nifty 1D Rate Liquid ETF Low. Over 1 years, the standard deviation of daily returns was 0.10% and 0.04% a year.
Can I invest in both GROWW NIFTY 1D Rate Liquid ETF and Shriram Nifty 1D Rate Liquid ETF?
Yes. 99.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages GROWW NIFTY 1D Rate Liquid ETF and Shriram Nifty 1D Rate Liquid ETF?
GROWW NIFTY 1D Rate Liquid ETF: Kaustubh Sule, Ameya Sakpal. Shriram Nifty 1D Rate Liquid ETF: Amit Modani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.