Top Liquid Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 42 Liquid mutual funds. Their average 3 year return is 6.7% a year, and +6.2% over the last year. The highest 3 year returns: Aditya Birla Sun Life Liquid Fund 7.0%, Axis Liquid Fund 7.0%, Edelweiss Liquid Fund 7.0%.
- Total AUM
- ₹6,45,910 Cr
- As on 30-09-2026
- Funds
- 42
- From 42 fund houses
- Expense ratio
- 0.07% to 0.31%
- Direct plans, lowest to highest
- Average 3Y return
- 6.7%
- A year, Direct plans
All Liquid Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund | 1 | 61,167 | +6.52% | +6.96% | +6.47% | +6.17% | Moderate | 0.21% | Varies | 0.15% |
| Axis Liquid Fund | 2 | 53,470 | +6.54% | +6.96% | +6.46% | +6.15% | Low to Moderate | 0.13% | Varies | 0.15% |
| Edelweiss Liquid Fund | 3 | 11,741 | +6.50% | +6.96% | +6.45% | -- | Low to Moderate | 0.10% | Varies | 0.15% |
| Sundaram Liquid Fund | 4 | 6,727 | +6.53% | +6.95% | -- | -- | Moderate | 0.14% | Varies | 0.15% |
| Franklin India Liquid Fund | 5 | 4,811 | +6.52% | +6.95% | +6.43% | +6.17% | -- | 0.14% | Varies | 0.14% |
| PGIM India Liquid Fund | 6 | 1,438 | +6.51% | +6.94% | +6.45% | +6.16% | Low to Moderate | 0.11% | Varies | 0.15% |
| Groww Liquid Fund | 7 | 301 | +6.49% | +6.94% | +6.33% | +6.04% | Low to Moderate | 0.11% | Varies | 0.19% |
| Nippon India Liquid Fund | 8 | 40,490 | +6.50% | +6.93% | +6.44% | +6.15% | Moderate | 0.20% | Varies | 0.15% |
| DSP Liquid Fund | 9 | 24,726 | +6.50% | +6.93% | +6.43% | +6.11% | Low to Moderate | 0.14% | Varies | 0.14% |
| Mahindra Manulife Liquid Fund | 10 | 1,041 | +6.49% | +6.93% | +6.46% | +6.19% | Moderate | 0.15% | Varies | 0.13% |
| Tata Liquid Fund | 11 | 28,037 | +6.46% | +6.92% | +6.42% | +6.12% | Low to Moderate | 0.18% | Varies | 0.14% |
| UTI - Liquid Fund | 12 | 27,453 | +6.50% | +6.92% | +6.43% | +6.12% | Moderate | 0.15% | Varies | 0.15% |
| Bajaj Finserv Liquid Fund | 13 | 6,863 | +6.47% | +6.92% | -- | -- | Low to Moderate | 0.08% | Varies | 0.13% |
| Union Liquid Fund | 14 | 5,014 | +6.46% | +6.92% | +6.44% | +5.72% | Low to Moderate | 0.07% | Varies | 0.13% |
| Bank of India Liquid Fund | 15 | 1,874 | +6.49% | +6.92% | +6.45% | +6.10% | Low to Moderate | 0.09% | Varies | 0.14% |
| Kotak Liquid Fund | 16 | 42,047 | +6.44% | +6.90% | +6.40% | +6.07% | Moderate | 0.15% | None | 0.18% |
| HSBC Liquid Fund | 17 | 23,038 | +6.43% | +6.90% | +6.43% | +6.11% | Low to Moderate | 0.13% | Varies | 0.15% |
| Invesco India Liquid Fund | 18 | 22,395 | +6.46% | +6.90% | +6.40% | +6.08% | Low to Moderate | 0.15% | Varies | 0.14% |
| Canara Robeco Liquid Fund | 19 | 5,027 | +6.42% | +6.90% | +6.41% | +5.98% | Low to Moderate | 0.08% | Varies | 0.14% |
| ICICI Prudential Liquid Fund | 20 | 55,340 | +6.43% | +6.89% | +6.39% | +6.10% | -- | 0.20% | Varies | 0.15% |
| LIC MF Liquid Fund | 21 | 12,872 | +6.44% | +6.89% | +6.40% | +6.12% | Low to Moderate | 0.13% | Varies | 0.15% |
| HDFC Liquid Fund | 22 | 66,295 | +6.45% | +6.88% | +6.39% | +6.06% | Low to Moderate | 0.20% | Varies | 0.15% |
| Bandhan Liquid Fund | 23 | 16,269 | +6.43% | +6.88% | +6.40% | +6.04% | Low to Moderate | 0.07% | Varies | 0.14% |
| Mirae Asset Liquid Fund | 24 | 14,887 | +6.38% | +6.88% | +6.41% | +6.10% | -- | 0.09% | -- | 0.14% |
| Baroda BNP Paribas Liquid Fund | 25 | 12,914 | +6.42% | +6.87% | +6.42% | +6.14% | -- | 0.08% | -- | 0.14% |
| SBI Liquid Fund | 26 | 77,481 | +6.45% | +6.86% | +6.38% | +6.06% | -- | 0.20% | -- | 0.14% |
| TRUSTMF Liquid Fund | 27 | 748 | +6.41% | +6.84% | +6.37% | -- | -- | 0.10% | -- | 0.15% |
| JM Liquid Fund | 28 | 1,701 | +6.36% | +6.81% | +6.36% | +6.08% | Low to Moderate | 0.16% | Varies | 0.18% |
| WhiteOak Capital Liquid Fund | 29 | 727 | +6.36% | +6.80% | +6.25% | -- | Low to Moderate | 0.13% | Varies | 0.20% |
| Quant Liquid Fund | 30 | 1,149 | +6.03% | +6.70% | +6.33% | +6.32% | Moderate | 0.31% | Varies | 0.17% |
| 360 ONE Liquid Fund | 31 | 529 | +6.23% | +6.70% | +6.23% | +5.73% | Low to Moderate | 0.23% | Varies | 0.19% |
| Parag Parikh Liquid Fund | 32 | 5,228 | +6.41% | +6.66% | +6.14% | -- | Low to Moderate | 0.11% | Varies | 0.14% |
| ITI Liquid Fund | 33 | 52 | +6.09% | +6.64% | +6.18% | -- | Low to Moderate | 0.16% | Varies | 0.13% |
| Motilal Oswal Liquid Fund | 34 | 1,016 | +6.05% | +6.50% | +6.03% | -- | Low | 0.20% | Varies | 0.17% |
| Quantum Liquid Fund | 35 | 543 | +5.90% | +6.47% | +6.07% | +5.64% | Low | 0.15% | Varies | 0.09% |
| Navi Liquid Fund | 36 | 82 | 0.00% | 0.00% | 0.00% | 0.00% | Low to Moderate | 0.26% | Varies | 0.12% |
| JioBlackRock Liquid Fund | -- | 8,256 | +6.53% | -- | -- | -- | Low to Moderate | 0.10% | Varies | -- |
| The Wealth Company Liquid Fund | -- | 852 | +6.52% | -- | -- | -- | Low to Moderate | 0.10% | Varies | -- |
| Abakkus Liquid Fund | -- | 617 | -- | -- | -- | -- | Low to Moderate | 0.21% | Varies | -- |
| Shriram Liquid Fund | -- | 547 | +6.31% | -- | -- | -- | Low to Moderate | 0.16% | Varies | -- |
| Capitalmind Liquid Fund | -- | 124 | -- | -- | -- | -- | Low to Moderate | 0.11% | Varies | -- |
| Unifi Liquid Fund | -- | 21 | +5.80% | -- | -- | -- | -- | 0.09% | -- | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Compare Liquid Funds
The largest funds of the category, side by side
How Liquid Funds Are Taxed
As debt funds: 65% or more of each fund is in bonds and money market papers
| When you sell | Tax on the gain |
|---|---|
| Units bought on or after 01-04-2023 | Your slab rate, however long you hold them |
| Units bought before 01-04-2023, within 2 years | Your slab rate |
| Units bought before 01-04-2023, after 2 years | 12.5% of the gain |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Liquid Fund?
Only in debt and money market papers that mature within 91 days. This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other debt categories: Overnight · Ultra Short · Low Duration · Money Market · Short Duration · Medium Duration · Medium to Long Duration · Long Duration · Dynamic Bond · Corporate Bond · Credit Risk · Banking & PSU · Gilt · Floater
Liquid Funds: Frequently Asked Questions
Which are the top Liquid mutual funds?
By 3 year return, the top Liquid funds are 1. Aditya Birla Sun Life Liquid Fund (7.0% a year), 2. Axis Liquid Fund (7.0% a year), 3. Edelweiss Liquid Fund (7.0% a year), 4. Sundaram Liquid Fund (7.0% a year), 5. Franklin India Liquid Fund (7.0% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Liquid funds are there?
42 Liquid funds are open for investment, from 42 fund houses.
What is a Liquid fund?
Only in debt and money market papers that mature within 91 days.
What is the average return of Liquid funds?
1 year: 6.2%, 3 years: 6.7% a year, 5 years: 6.2% a year. The simple average of every Liquid fund's Direct plan.
Which Liquid fund has the lowest expense ratio?
Union Liquid Fund, at 0.07% a year (Direct plan), as reported to AMFI.
Which is the largest Liquid fund?
SBI Liquid Fund, with ₹77,481 Cr of investors' money on 30-09-2026.
How are Liquid funds taxed?
As debt funds: for units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold them.
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.