360 ONE Liquid Fund vs Shriram Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE Liquid Fund and Shriram Liquid Fund are both Liquid funds. In the year to 30-10-2026, 360 ONE Liquid Fund (Direct) returned 6.2% and Shriram Liquid Fund (Direct) returned 6.3%. 360 ONE Liquid Fund charges 0.23% a year and Shriram Liquid Fund 0.16% (Direct plans). Their portfolios overlap 13.6%: they hold 4 of the same securities.
Which is better, 360 ONE Liquid or Shriram Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Liquid returned more over 1 year: 6.3% against 6.2%.
- Shriram Liquid costs less: 0.16% a year against 0.23% (Direct plans).
- Shriram Liquid fell less in its worst fall since 20-11-2024: −0.0% against −0.0%.
- Shriram Liquid is the larger fund: ₹547 Cr against ₹529 Cr.
- Their portfolios overlap 13.6%: 4 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 | Shriram Liquid Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Shriram Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹529 Cr (30-09-2026) | ₹547 Cr (30-09-2026) |
| NAV | ₹2,189.03 (Direct) | ₹1,129.60 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.16% |
| Expense ratio (Regular) | 0.35% | 0.29% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | NIFTY Liquid Index A-I |
| Launch date | 13-11-2013 | 14-11-2024 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Milan Mody | Amit Modani |
| 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 Shriram 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% |
| Shriram Liquid Fund (Direct) | +0.45% | +1.48% | +3.13% | +6.31% | -- | -- | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | -- | -- | -- |
Category average: the average of the 44 Liquid funds, same plan type.
360 ONE Liquid vs Shriram Liquid: Year-wise Returns
| Year | 360 ONE360 ONE Liquid | ShriramShriram Liquid |
|---|---|---|
| 2026to date | +5.19% | +5.28% |
| 2025 | +6.41% | +6.26% |
| 2024 | +7.25% | -- |
| 2023 | +6.97% | -- |
| 2022 | +4.76% | -- |
| 2021 | +3.05% | -- |
360 ONE Liquid vs Shriram Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 288 of them, one for each trading day from 20-11-2025 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.
360 ONE Liquid Fund (Direct)
Shriram Liquid Fund (Direct)
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.2% | 6.1% | 6.5% |
| Shriram Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.2% | 5.9% | 6.4% |
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 20-11-2024. Past returns do not promise future returns.
360 ONE Liquid vs Shriram 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 03-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| 360 ONE Liquid360 ONE Liquid Fund (Direct) | ₹2,40,000 | ₹2,55,707 | ₹15,707 | 6.2% |
| Shriram LiquidShriram Liquid Fund (Direct) | ₹2,40,000 | ₹2,55,765 | ₹15,765 | 6.3% |
360 ONE Liquid360 ONE Liquid Fund (Direct)
Shriram LiquidShriram 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 Shriram 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) | Shriram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +6.31% |
| Standard deviation | 0.22% | 0.19% |
| Sharpe ratio | 4.52 | 5.45 |
| Sortino ratio | 10.89 | 16.25 |
| Maximum drawdown | −0.0% (15-10-2026) | −0.0% (25-09-2026) |
| 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) | Shriram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +6.36% |
| Standard deviation | 0.19% | 0.15% |
| Sharpe ratio | 1.74 | 5.03 |
| Sortino ratio | 3.71 | 14.24 |
| Maximum drawdown | −0.0% (24-03-2020) | −0.0% (25-09-2026) |
| 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)
Shriram 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% | 14-10-2026 | 15-10-2026 | 18-10-2026 | 3 days | 0.0% |
| Shriram Liquid Fund (Direct) | −0.0% | 24-09-2026 | 25-09-2026 | 26-09-2026 | 1 days | 0.0% |
From daily values since 20-11-2024, 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.
360 ONE Liquid Fund (Direct)
Shriram Liquid Fund (Direct)
360 ONE Liquid vs Shriram Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE Liquid Fund, September 2026; Shriram Liquid Fund, September 2026
Holdings in common
- Overlap
- 13.6%
- Held by both
- 4
- Only in 360 ONE Liquid
- 15
- Only in Shriram Liquid
- 18
| Security | % of 360 ONE Liquid | % of Shriram Liquid |
|---|---|---|
| Hindustan Petroleum Corporation Limited (02/12/2026) | 9.36% | 4.52% |
| Kotak Mahindra Bank Limited (21/12/2026) | 8.40% | 4.51% |
| Reliance Industries Limited (10/12/2026) | 4.67% | 4.51% |
| Corporate Debt Market Development Fund | 0.63% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.6% means 13.6% 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 |
|---|---|
| Reliance Retail Ventures Limited (06/11/2026) | 9.40% |
| 91 Days Tbill (MD 17/12/2026) | 9.35% |
| 91 Days Tbill (MD 08/10/2026) | 4.73% |
| Godrej Industries Limited (12/10/2026) | 4.72% |
| 91 Days Tbill (MD 15/10/2026) | 4.72% |
Largest holdings only in Shriram Liquid Fund
| Security | % of fund |
|---|---|
| EXIM BANK CP RED 04-11-2026 | 9.09% |
| 91 DAYS TBILL RED 22-10-2026 | 4.74% |
| BANK OF BARODA CD RED 11-11-26 | 4.54% |
| HDFC BANK CD RED 06-11-2026 | 4.54% |
| 91 DAYS TBILL RED 27-11-2026 | 4.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE Liquid | Shriram Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.9% | 96.2% |
| Cash and others | 2.1% | 3.8% |
360 ONE Liquid vs Shriram Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE Liquid Fund | Shriram Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.16% |
| Base expense ratio (Direct) | 0.20% | 0.13% |
| Total expense ratio (Regular) | 0.35% | 0.29% |
| Base expense ratio (Regular) | 0.30% | 0.24% |
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 Shriram Liquid Fund: Frequently Asked Questions
What is the difference between 360 ONE Liquid Fund and Shriram Liquid Fund?
Both are Liquid funds, run by 360 ONE Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 13.6%. 360 ONE Liquid Fund charges 0.23% a year and Shriram Liquid Fund 0.16%.
Which has given higher returns, 360 ONE Liquid Fund or Shriram Liquid Fund?
Over 1 year: 360 ONE Liquid Fund +6.23%, Shriram Liquid Fund +6.31%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, 360 ONE Liquid Fund or Shriram Liquid Fund?
Shriram Liquid Fund charges less: 0.16% a year against 0.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do 360 ONE Liquid Fund and Shriram Liquid Fund overlap?
13.6%. They hold 4 of the same securities, the largest shared ones being Hindustan Petroleum Corporation Limited (02/12/2026), Kotak Mahindra Bank Limited (21/12/2026), Reliance Industries Limited (10/12/2026). From each fund's latest monthly portfolio.
Which is riskier, 360 ONE Liquid Fund or Shriram Liquid Fund?
On SEBI's riskometer, 360 ONE Liquid Fund is rated Low to Moderate and Shriram Liquid Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.22% and 0.19% a year.
Can I invest in both 360 ONE Liquid Fund and Shriram Liquid Fund?
Yes. 13.6% 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 Shriram Liquid Fund?
360 ONE Liquid Fund: Milan Mody. Shriram Liquid Fund: 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.