Aditya Birla Sun Life Liquid Fund vs Motilal Oswal Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Liquid Fund and Motilal Oswal Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Liquid Fund (Direct) returned 7.0% a year and Motilal Oswal Liquid Fund (Direct) returned 6.5% a year. Aditya Birla Sun Life Liquid Fund charges 0.21% a year and Motilal Oswal Liquid Fund 0.20% (Direct plans). Their portfolios overlap 6.9%: they hold 9 of the same securities.
Aditya Birla Sun Life Liquid Fund
Liquid
- 3 year return
- 7.0%
- Expense ratio
- 0.21%
- NAV
- ₹462.39
Motilal Oswal Liquid Fund
Liquid
- 3 year return
- 6.5%
- Expense ratio
- 0.20%
- NAV
- ₹15.05
Which is better, Aditya Birla Sun Life Liquid or Motilal Oswal Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Liquid returned more over 5 years: 6.5% a year against 6.0%.
- Aditya Birla Sun Life Liquid returned more over 3 years: 7.0% a year against 6.5%.
- Motilal Oswal Liquid costs less: 0.20% a year against 0.21% (Direct plans).
- Motilal Oswal Liquid swung less over 3 years: a standard deviation of 0.0% a year against 0.1%.
- Aditya Birla Sun Life Liquid is the larger fund: ₹61,167 Cr against ₹1,016 Cr.
- Their portfolios overlap 6.9%: 9 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 | Aditya Birla Sun Life Liquid Fund | Motilal Oswal Liquid Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹61,167 Cr (30-09-2026) | ₹1,016 Cr (30-09-2026) |
| NAV | ₹462.39 (Direct) | ₹15.05 (Direct) |
| Expense ratio (Direct) | 0.21% | 0.20% |
| Expense ratio (Regular) | 0.35% | 0.41% |
| Riskometer | Moderate | Low |
| Benchmark | NIFTY Liquid Index A-I | CRISIL Liquid Debt A-I Index |
| Launch date | 16-06-1997 | 20-12-2018 |
| Minimum investment | 100 (growth option), 500 (IDCW) | INF247L01874 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Sunaina da Cunha, Sanjay Pawar | Rakesh Shetty |
| Exit load | Investor Exit upon subscription Exit load as % of redemption proceeds Day 1 - 0.0070% Day 2 - 0.0065% Day 3 - 0.0060% Day 4 - 0.0055% Day 5 - 0.0050% Day 6 - 0.0045% 7 onwards - 0.0000% | 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. |
Aditya Birla Sun Life Liquid vs Motilal Oswal 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund (Direct) | +0.44% | +1.50% | +3.19% | +6.52% | +6.96% | +6.47% | +6.17% |
| Motilal Oswal Liquid Fund (Direct) | +0.40% | +1.38% | +2.95% | +6.05% | +6.50% | +6.03% | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Aditya Birla Sun Life Liquid vs Motilal Oswal Liquid: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Liquid | Motilal OswalMotilal Oswal Liquid |
|---|---|---|
| 2026to date | +5.44% | +5.02% |
| 2025 | +6.66% | +6.22% |
| 2024 | +7.49% | +7.05% |
| 2023 | +7.19% | +6.70% |
| 2022 | +4.95% | +4.57% |
| 2021 | +3.38% | +3.09% |
Aditya Birla Sun Life Liquid vs Motilal Oswal Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 403 of them, one for each trading day from 19-09-2025 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.
Aditya Birla Sun Life Liquid Fund (Direct)
Motilal Oswal Liquid Fund
to
Oct 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.1% | 7.0% | 7.2% |
| Motilal Oswal Liquid | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0% | 0.0% | 0.0% | 0.0% |
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 19-09-2022. Past returns do not promise future returns.
Aditya Birla Sun Life Liquid vs Motilal Oswal 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 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life LiquidAditya Birla Sun Life Liquid Fund (Direct) | ₹5,00,000 | ₹5,77,188 | ₹77,188 | 6.8% |
| Motilal Oswal LiquidMotilal Oswal Liquid Fund | ₹5,00,000 | ₹5,00,000 | ₹0 | −0.0% |
Aditya Birla Sun Life LiquidAditya Birla Sun Life Liquid Fund (Direct)
Motilal Oswal LiquidMotilal Oswal Liquid Fund
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.
Aditya Birla Sun Life Liquid vs Motilal Oswal Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Liquid Fund (Direct) | Motilal Oswal Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.52% | 0.00% |
| Standard deviation | 0.20% | 0.00% |
| Sharpe ratio | 6.39 | -- |
| Sortino ratio | 16.91 | -17.92 |
| Maximum drawdown | −0.0% (22-10-2026) | 0.0% |
| 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 | Aditya Birla Sun Life Liquid Fund (Direct) | Motilal Oswal Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.96% | 0.00% |
| Standard deviation | 0.15% | 0.00% |
| Sharpe ratio | 6.22 | -- |
| Sortino ratio | 17.25 | -17.95 |
| Maximum drawdown | −0.0% (22-10-2026) | 0.0% |
| 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 | Aditya Birla Sun Life Liquid Fund (Direct) | Motilal Oswal Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.89% | 0.00% |
| Standard deviation | 0.22% | 0.00% |
| Sharpe ratio | 3.79 | -- |
| Sortino ratio | 7.67 | -17.99 |
| Maximum drawdown | −0.2% (16-07-2013) | 0.0% |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 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.
Aditya Birla Sun Life Liquid Fund (Direct)
Motilal Oswal Liquid Fund
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund (Direct) | −0.0% | 26-03-2023 | 28-03-2023 | 29-03-2023 | 1 days | 0.0% |
| Motilal Oswal Liquid Fund | 0.0% | -- | -- | -- | -- | 0.0% |
From daily values since 19-09-2022, 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.
Aditya Birla Sun Life Liquid Fund (Direct)
Motilal Oswal Liquid Fund
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.
Aditya Birla Sun Life Liquid Fund (Direct)
Motilal Oswal Liquid Fund
Aditya Birla Sun Life Liquid vs Motilal Oswal Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Liquid Fund, September 2026; Motilal Oswal Liquid Fund, September 2026
Holdings in common
- Overlap
- 6.9%
- Held by both
- 9
- Only in Aditya Birla Sun Life Liquid
- 181
- Only in Motilal Oswal Liquid
- 13
| Security | % of Aditya Birla Sun Life Liquid | % of Motilal Oswal Liquid |
|---|---|---|
| HDFC Bank Ltd. (06/11/2026) | 1.87% | 4.89% |
| 91 DAY T-BILL 08.10.26 | 1.59% | 9.83% |
| 91 DAY T-BILL 10.12.26 | 1.53% | 9.74% |
| National Bank for Agriculture and Rural Development (10/11/2026) | 0.49% | 4.89% |
| Canara Bank (23/11/2026) | 0.41% | 4.88% |
| Indian Oil Corporation Ltd. (08/12/2026) | 0.40% | 4.86% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.28% | 0.33% |
| Indian Bank (06/11/2026) | 0.20% | 2.45% |
| Axis Bank Ltd. (27/11/2026) | 0.08% | 4.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 6.9% means 6.9% 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 Aditya Birla Sun Life Liquid Fund
| Security | % of fund |
|---|---|
| 91 DAY T-BILL 05.11.26 | 3.74% |
| Axis Bank Ltd. (26/11/2026) | 2.15% |
| HDFC Bank Ltd. (14/12/2026) | 2.06% |
| 91 DAY T-BILL 12.11.26 | 1.91% |
| City Union Bank Ltd. (08/12/2026) | 1.85% |
Largest holdings only in Motilal Oswal Liquid Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited 2026 | 4.91% |
| Poonawalla Fincorp Limited 2026 | 4.91% |
| 364 Days Tbill (MD 06/11/2026) | 4.90% |
| Bank of Baroda 2026 | 4.89% |
| Export Import Bank of India 2026 | 4.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Liquid | Motilal Oswal Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 107.1% | 97.7% |
| Cash and others | -7.1% | 2.3% |
Aditya Birla Sun Life Liquid vs Motilal Oswal Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Liquid Fund | Motilal Oswal Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 0.20% |
| Base expense ratio (Direct) | 0.18% | 0.17% |
| Total expense ratio (Regular) | 0.35% | 0.41% |
| Base expense ratio (Regular) | 0.30% | 0.35% |
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 Aditya Birla Sun Life Liquid with
Aditya Birla Sun Life Liquid Fund vs Motilal Oswal Liquid Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Liquid Fund and Motilal Oswal Liquid Fund?
Both are Liquid funds, run by Aditya Birla Sun Life Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 6.9%. Aditya Birla Sun Life Liquid Fund charges 0.21% a year and Motilal Oswal Liquid Fund 0.20%.
Which has given higher returns, Aditya Birla Sun Life Liquid Fund or Motilal Oswal Liquid Fund?
Over 1 year: Aditya Birla Sun Life Liquid Fund +6.52%, Motilal Oswal Liquid Fund +6.05%. Over 3 years: Aditya Birla Sun Life Liquid Fund +6.96% a year, Motilal Oswal Liquid Fund +6.50% a year. Over 5 years: Aditya Birla Sun Life Liquid Fund +6.47% a year, Motilal Oswal Liquid Fund +6.03% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Liquid Fund or Motilal Oswal Liquid Fund?
Motilal Oswal Liquid Fund charges less: 0.20% a year against 0.21%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Liquid Fund and Motilal Oswal Liquid Fund overlap?
6.9%. They hold 9 of the same securities, the largest shared ones being HDFC Bank Ltd. (06/11/2026), 91 DAY T-BILL 08.10.26, 91 DAY T-BILL 10.12.26. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Liquid Fund or Motilal Oswal Liquid Fund?
On SEBI's riskometer, Aditya Birla Sun Life Liquid Fund is rated Moderate and Motilal Oswal Liquid Fund Low. Over 3 years, the standard deviation of daily returns was 0.15% and 0.00% a year.
Which is better for SIP, Aditya Birla Sun Life Liquid Fund or Motilal Oswal Liquid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-10-2023 to 30-10-2026 grew to ₹4,10,709 in Aditya Birla Sun Life Liquid Fund (XIRR 6.7% a year) and ₹3,70,000 in Motilal Oswal Liquid Fund (XIRR -0.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Liquid Fund and Motilal Oswal Liquid Fund?
Yes. 6.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Aditya Birla Sun Life Liquid Fund and Motilal Oswal Liquid Fund?
Aditya Birla Sun Life Liquid Fund: Kaustubh Gupta, Sunaina da Cunha, Sanjay Pawar. Motilal Oswal Liquid Fund: Rakesh Shetty.
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.