Hi, Kotak recently converted its Liquid ETF into a growth NAV product somewhere in Sep 2024. It was earlier a fixed NAV with daily dividend.
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@VishalJain Hi Vishal Sir, Any chance of releasing any smartbeta based product in near future like “Alpha + Momentum 500” fund etc
We are considering this, however at present i do not have an exact timeline for this.
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Hey,
Based on your feedback, we’ve created a dedicated page on our website for the iNAV summary of all ETFs.
You can check it out here: Real-time iNAV of ETFs by Zerodha Fund House
Thank you for helping us improve!
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On the surface, Expense ratio is 0.19% for Kotak and 0.27% for LIQUIDCASE. Seems Kotak is cheaper… Also, They say TER is 0%… not sure how that works though.
After the Jul 2024 amendments, what will be the tax implications of the Liquidcase? I understand that it is an ETF and hence, the units are listed on the stock exchange. If this is the case, will the taxation be similar to listed shares i.e. if the units are held for more than 1 year, these will be taxed as long-term capital gains at 12.5%? I understand that this is not a mutual fund and hence, the tax rules which deem debt funds to always trigger short term capital gains will not apply to Liquidcase.
Can someone from Zerodha confirm this?
Hey Rohan, LIQUIDCASE is a debt mutual fund in the form of an ETF. The underlying investments go into overnight TREPS i.e. one-day repo traded on the CCIL platform. Thus the taxation is debt taxation which is taxed as per the slab rate. Hope this clarifies!
Pl see this. They have compared the taxation of liquid mutual funds and liquid ETFs. For liquid ETFs, they’ve mentioned that it’s LTCG if held for 1 year. Could you explain the difference between Liquid ETF vs Liquidcase?
Hey Rohan, this information is incorrect, looks like they havent updated the website. Any debt mutual fund whether open-ended or ETF is taxed the same ie at the individuals slab rate.
Hey Vishal, thanks for the clarification.