Mutual Fund Category AMFI: 'Income/Debt Oriented Schemes - Liquid Fund', 'Debt Scheme - Liquid Fund'

Liquid Funds

Empirical historical performance, risk metrics vs benchmark, and constituent schemes rolling return analytics.

About this Category

Overview

Investment in only Debt and money market securities with maturity of upto 91 days. They are generally considered safe but ensure that you are selecting a mutual fund from AMC with risk-o-meter rating being consistently Low.

Goal

Safety of Capital over Income generation. These funds historically have been less volatile (less standard deviation). Some AMCs also allow same day redemption of up to INR 50K subject to certain conditions being met.

Taxation

Liquid funds are taxed as debt funds and gains are taxed only on redemption. Taxation rules keep changing so please consider above content for information purpose only and verify things with your tax person.

Related Categories

Questions

How have liquid funds performed as a category vs inflation?
If you consider your tax rate do you get positive or negative returns after adjusting for inflation?
Compare returns of FDs vs Liquid funds especially after considering premature withdrawal
What was impact of interest rate hike (and cut) on liquid funds on the day it got announced, 1 month after the announcement and 120 days after the announcement, assuming there are no further announcements.

Analyze rolling returns, drawdowns, win/loss distributions, and risk metrics for the CATEGORY-LIQUID-FUNDS benchmark series. View Liquid Funds Series Details

End Amount

₹29,162.07

Initial: ₹10000 (Lumpsum)

Category CAGR

7.01%

Liquid Funds Return

Benchmark CAGR

6.27%

Nifty 1D Rate

Inflation Adj. CAGR

1.47%

Real Annualized Return

Alpha

0.01

Excess Return vs Benchmark

Beta

0.47

Volatility vs Benchmark

Sharpe Ratio

1.55

Risk-Adjusted Return

Sortino Ratio

3.01

Downside Risk-Adjusted Return

Liquid Funds vs Benchmark vs Inflation

Constituent Mutual Fund Schemes (42) Click column headers to sort by rolling return percentiles across 5-year and 10-year horizons.

Return statistics cached as of October 31, 2026 (cached version)

Scheme Name	2.5Th percentile return for 5 Years	Median percentile return for 5 Years	2.5Th percentile return for 10 Years	Median percentile return for 10 years
360 ONE LIQUID FUND DIRECT PLAN GROWTH MF_125345	4.81%	5.41%	5.73%	5.92%
Abakkus Liquid Fund - Direct Plan - Growth MF_154051	-	-	-	-
Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan MF_119568	5.33%	5.97%	6.18%	6.47%
Axis Liquid Fund - Direct Plan - Growth Option MF_120389	5.29%	5.95%	6.16%	6.44%
BANDHAN LIQUID Fund -Direct Plan-Growth MF_118364	5.15%	5.86%	6.05%	6.34%
BANK OF INDIA Liquid Fund- Direct Plan- Growth MF_119369	5.22%	5.92%	6.12%	6.40%
Baroda BNP Paribas LIQUID FUND - DIRECT PLAN - GROWTH OPTION MF_119415	5.29%	5.96%	6.15%	6.46%
Bajaj Finserv Liquid Fund - Direct Plan - Growth MF_151833	-	-	-	-
CANARA ROBECO LIQUID FUND - DIRECT PLAN - GROWTH OPTION MF_118305	5.06%	5.81%	5.99%	6.25%
Capitalmind Liquid Fund - Direct-Growth MF_154011	-	-	-	-
DSP Liquid Fund - Direct Plan - Growth MF_119125	5.23%	5.92%	6.12%	6.40%
Edelweiss Liquid Fund - Direct Plan - Growth Option MF_140196	5.33%	5.47%	-	-
Franklin India Liquid Fund - Super Institutional - Direct - Growth MF_118577	5.32%	5.97%	6.17%	6.48%
Groww Liquid Fund ( formerly known as Indiabulls Liquid )Fund - Direct Plan - Growth Option MF_119135	5.07%	5.82%	6.05%	6.36%
HDFC Liquid Fund - Growth Option - Direct Plan MF_119091	5.21%	5.86%	6.06%	6.35%
HSBC Liquid Fund - Growth Direct MF_120038	5.24%	5.92%	6.12%	6.39%
ICICI Prudential Liquid Fund - Direct Plan - Growth MF_120197	5.26%	5.92%	6.11%	6.41%
ITI Liquid Fund - Direct Plan - Growth Option MF_147157	4.81%	5.40%	-	-
Invesco India Liquid Fund - Direct Plan - Growth MF_120537	5.19%	5.89%	6.09%	6.38%
JM Liquid Fund (Direct) - Growth Option MF_120406	5.21%	5.90%	6.09%	6.41%
JioBlackRock Liquid Fund - Direct Plan - Growth Option MF_153651	-	-	-	-
Kotak Liquid Fund - Direct Plan - Growth MF_119766	5.20%	5.88%	6.08%	6.36%
LIC MF Liquid Fund-Direct Plan-Growth MF_120249	5.28%	5.93%	6.13%	6.43%
Mahindra Manulife Liquid Fund - Direct Plan -Growth MF_139538	5.35%	5.51%	6.18%	6.20%
Mirae Asset Liquid Fund - Direct Plan - Growth MF_118859	5.27%	5.92%	6.11%	6.35%
Motilal Oswal Liquid Fund - Direct Growth MF_145834	4.70%	5.18%	-	-
Navi Liquid Fund-Direct Plan-Growth Option MF_119164	5.04%	5.76%	5.91%	6.32%
Nippon India Liquid Fund - Direct Plan Growth Plan - Growth Option MF_118701	5.30%	5.96%	6.16%	6.45%
PGIM India Liquid Fund - Direct Plan - Growth MF_138299	5.31%	5.50%	6.15%	6.18%
Parag Parikh Liquid Fund- Direct Plan- Growth MF_143269	4.81%	5.09%	-	-
quant Liquid Fund - Growth Option - Direct Plan MF_120837	5.74%	6.17%	6.34%	6.74%
Quantum Liquid Fund - Direct Plan Growth Option MF_103734	4.84%	7.08%	5.65%	6.94%
SBI Liquid Fund - DIRECT PLAN -Growth MF_119800	5.22%	5.87%	6.07%	6.36%
Shriram Liquid Fund - Direct Plan Growth Option MF_153035	-	-	-	-
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) - Direct Plan - Growth Option MF_149664	-	-	-	-
TRUSTMF Liquid Fund-Direct Plan-Growth MF_148841	-	-	-	-
Tata Liquid Fund- Direct Plan-Growth Option MF_119861	5.28%	5.94%	6.14%	6.42%
THE WEALTH COMPANY LIQUID FUND DIRECT GROWTH MF_153883	-	-	-	-
Unifi Liquid Fund- Direct Growth MF_153570	-	-	-	-
UTI Liquid Fund - Direct Plan - Growth Option MF_120304	5.27%	5.93%	6.13%	6.40%
Union Liquid Fund - Direct Plan - Growth Option MF_119303	4.56%	5.64%	5.74%	6.00%
WhiteOak Capital Liquid Fund- Direct plan-Growth Option MF_145971	4.98%	5.34%	-	-