360 ONE Liquid Fund vs HDFC Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE Liquid Fund and HDFC Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, 360 ONE Liquid Fund (Direct) returned 6.7% a year and HDFC Liquid Fund (Direct) returned 6.9% a year. 360 ONE Liquid Fund charges 0.23% a year and HDFC Liquid Fund 0.20% (Direct plans). Their portfolios overlap 10.9%: they hold 11 of the same securities.
Which is better, 360 ONE Liquid or HDFC Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Liquid returned more over 5 years: 6.4% a year against 6.2%.
- HDFC Liquid returned more over 3 years: 6.9% a year against 6.7%.
- HDFC Liquid costs less: 0.20% a year against 0.23% (Direct plans).
- HDFC Liquid swung less over 3 years: a standard deviation of 0.2% a year against 0.2%.
- 360 ONE Liquid fell less in its worst fall since 13-11-2013: −0.0% against −0.2%.
- HDFC Liquid is the larger fund: ₹66,295 Cr against ₹529 Cr.
- Their portfolios overlap 10.9%: 11 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 | 360 ONE Liquid Fund | HDFC Liquid Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | HDFC Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹529 Cr (30-09-2026) | ₹66,295 Cr (30-09-2026) |
| NAV | ₹2,189.03 (Direct) | ₹5,618.35 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.20% |
| Expense ratio (Regular) | 0.35% | 0.30% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | CRISIL Liquid Debt A-I Index |
| Launch date | 13-11-2013 | 17-10-2000 |
| Minimum investment | ₹5,000 | Growth Option- Rs.100 Weekly and Monthly IDCW Option - Rs. 5000 Daily IDCW Option- Rs. 10,000 |
| Lock in | None | None |
| Fund managers | Milan Mody | Rohan Pillai, Swapnil Jangam, Gopal Agrawal |
| Exit load | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. |
360 ONE Liquid vs HDFC Liquid: 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 |
|---|---|---|---|---|---|---|---|
| 360 ONE Liquid Fund (Direct) | +0.43% | +1.47% | +3.02% | +6.23% | +6.70% | +6.23% | +5.73% |
| HDFC Liquid Fund (Direct) | +0.45% | +1.51% | +3.16% | +6.45% | +6.88% | +6.39% | +6.06% |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | +5.85% |
Category average: the average of the 44 Liquid funds, same plan type.
360 ONE Liquid vs HDFC Liquid: Year-wise Returns
| Year | 360 ONE360 ONE Liquid | HDFCHDFC Liquid |
|---|---|---|
| 2026to date | +5.19% | +5.38% |
| 2025 | +6.41% | +6.59% |
| 2024 | +7.25% | +7.40% |
| 2023 | +6.97% | +7.06% |
| 2022 | +4.76% | +4.87% |
| 2021 | +3.05% | +3.32% |
360 ONE Liquid vs HDFC Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 3,026 of them, one for each trading day from 14-11-2016 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.
360 ONE Liquid Fund (Direct)
HDFC Liquid Fund (Direct)
to
Aug 2017May 2016
to
May 2019Jan 2018
to
Jan 2021Sept 2019
to
Sept 2022Jun 2021
to
Jun 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 360 ONE Liquid | 0.0 | 27.4 | 72.6 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 6.3% | 3.6% | 7.9% |
| HDFC Liquid | 0.0 | 22.9 | 77.1 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.6% | 4.0% | 8.6% |
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. Every fund is measured over the days all of them have, from 13-11-2013. Past returns do not promise future returns.
360 ONE Liquid vs HDFC Liquid: 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 13-11-2013 to 30-10-2026: 156 instalments, ₹15,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| 360 ONE Liquid360 ONE Liquid Fund (Direct) | ₹15,60,000 | ₹23,22,117 | ₹7,62,117 | 5.9% |
| HDFC LiquidHDFC Liquid Fund (Direct) | ₹15,60,000 | ₹23,71,650 | ₹8,11,650 | 6.2% |
360 ONE Liquid360 ONE Liquid Fund (Direct)
HDFC LiquidHDFC Liquid Fund (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.
360 ONE Liquid vs HDFC Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 ONE Liquid Fund (Direct) | HDFC Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +6.45% |
| Standard deviation | 0.22% | 0.20% |
| Sharpe ratio | 4.52 | 6.01 |
| Sortino ratio | 10.89 | 18.44 |
| Maximum drawdown | −0.0% (15-10-2026) | −0.0% (07-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | 360 ONE Liquid Fund (Direct) | HDFC Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.70% | +6.88% |
| Standard deviation | 0.19% | 0.15% |
| Sharpe ratio | 3.54 | 5.57 |
| Sortino ratio | 8.74 | 17.07 |
| Maximum drawdown | −0.0% (15-10-2026) | −0.0% (07-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 | 360 ONE Liquid Fund (Direct) | HDFC Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +6.39% |
| Standard deviation | 0.18% | 0.14% |
| Sharpe ratio | 2.38 | 4.09 |
| Sortino ratio | 5.10 | 9.12 |
| Maximum drawdown | −0.0% (05-05-2022) | −0.0% (05-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 | 360 ONE Liquid Fund (Direct) | HDFC Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +6.79% |
| Standard deviation | 0.19% | 0.22% |
| Sharpe ratio | 1.74 | 3.31 |
| Sortino ratio | 3.71 | 7.19 |
| Maximum drawdown | −0.0% (24-03-2020) | −0.2% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 13-11-2013 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.
360 ONE Liquid Fund (Direct)
HDFC Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 ONE Liquid Fund (Direct) | −0.0% | 22-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| HDFC Liquid Fund (Direct) | −0.2% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 13-11-2013, 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.
360 ONE Liquid Fund (Direct)
HDFC Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
360 ONE Liquid Fund (Direct)
HDFC Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
360 ONE Liquid Fund (Direct)
HDFC Liquid Fund (Direct)
360 ONE Liquid vs HDFC Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE Liquid Fund, September 2026; HDFC Liquid Fund, September 2026
Holdings in common
- Overlap
- 10.9%
- Held by both
- 11
- Only in 360 ONE Liquid
- 8
- Only in HDFC Liquid
- 129
| Security | % of 360 ONE Liquid | % of HDFC Liquid |
|---|---|---|
| 91 Days Tbill (MD 17/12/2026) | 9.35% | 4.25% |
| 91 Days Tbill (MD 15/10/2026) | 4.72% | 2.41% |
| L&T Finance Limited (05/11/2026) | 4.70% | 1.12% |
| Reliance Retail Ventures Limited (06/11/2026) | 9.40% | 0.75% |
| National Bank For Agriculture and Rural Development (10/11/2026) | 4.70% | 0.75% |
| Export Import Bank of India (04/12/2026) | 4.68% | 0.45% |
| 182 Days Tbill (MD 22/10/2026) | 0.38% | 1.06% |
| 91 Days Tbill (MD 08/10/2026) | 4.73% | 0.30% |
| Corporate Debt Market Development Fund | 0.63% | 0.30% |
| Canara Bank (11/11/2026) | 4.70% | 0.15% |
| Small Industries Dev Bank of India (04/12/2026) | 4.68% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.9% means 10.9% 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 360 ONE Liquid Fund
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Limited (02/12/2026) | 9.36% |
| Kotak Mahindra Bank Limited (21/12/2026) | 8.40% |
| Godrej Industries Limited (12/10/2026) | 4.72% |
| 364 Days Tbill (MD 19/11/2026) | 4.70% |
| Godrej Finance Limited (13/11/2026) | 4.69% |
Largest holdings only in HDFC Liquid Fund
| Security | % of fund |
|---|---|
| Union Bank of India | 3.75% |
| 91 Days TBILL MAT 031226 | 3.73% |
| Union Bank of India | 2.99% |
| Reliance Retail ventures Ltd. | 2.98% |
| Small Industries Development Bank | 2.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE Liquid | HDFC Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.9% | 106.5% |
| Cash and others | 2.1% | -6.5% |
360 ONE Liquid vs HDFC Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE Liquid Fund | HDFC Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.20% |
| Base expense ratio (Direct) | 0.20% | 0.17% |
| Total expense ratio (Regular) | 0.35% | 0.30% |
| Base expense ratio (Regular) | 0.30% | 0.25% |
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.
More comparisons
Each fund against the others of its category
Compare 360 ONE Liquid with
360 ONE Liquid Fund vs HDFC Liquid Fund: Frequently Asked Questions
What is the difference between 360 ONE Liquid Fund and HDFC Liquid Fund?
Both are Liquid funds, run by 360 ONE Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 10.9%. 360 ONE Liquid Fund charges 0.23% a year and HDFC Liquid Fund 0.20%.
Which has given higher returns, 360 ONE Liquid Fund or HDFC Liquid Fund?
Over 1 year: 360 ONE Liquid Fund +6.23%, HDFC Liquid Fund +6.45%. Over 3 years: 360 ONE Liquid Fund +6.70% a year, HDFC Liquid Fund +6.88% a year. Over 5 years: 360 ONE Liquid Fund +6.23% a year, HDFC Liquid Fund +6.39% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, 360 ONE Liquid Fund or HDFC Liquid Fund?
HDFC Liquid Fund charges less: 0.20% a year against 0.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do 360 ONE Liquid Fund and HDFC Liquid Fund overlap?
10.9%. They hold 11 of the same securities, the largest shared ones being 91 Days Tbill (MD 17/12/2026), 91 Days Tbill (MD 15/10/2026), L&T Finance Limited (05/11/2026). From each fund's latest monthly portfolio.
Which is riskier, 360 ONE Liquid Fund or HDFC Liquid Fund?
On SEBI's riskometer, 360 ONE Liquid Fund is rated Low to Moderate and HDFC Liquid Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.19% and 0.15% a year.
Which is better for SIP, 360 ONE Liquid Fund or HDFC Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,21,139 in 360 ONE Liquid Fund (XIRR 6.5% a year) and ₹7,24,338 in HDFC Liquid Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both 360 ONE Liquid Fund and HDFC Liquid Fund?
Yes. 10.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages 360 ONE Liquid Fund and HDFC Liquid Fund?
360 ONE Liquid Fund: Milan Mody. HDFC Liquid Fund: Rohan Pillai, Swapnil Jangam, Gopal Agrawal.
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.