Axis Liquid Fund vs JioBlackRock Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Liquid Fund and JioBlackRock Liquid Fund are both Liquid funds. In the year to 30-10-2026, Axis Liquid Fund (Direct) returned 6.5% and JioBlackRock Liquid Fund (Direct) returned 6.5%. Axis Liquid Fund charges 0.13% a year and JioBlackRock Liquid Fund 0.10% (Direct plans). Their portfolios overlap 11.9%: they hold 13 of the same securities.
JioBlackRock Liquid Fund
Liquid
- 1 year return
- 6.5%
- Expense ratio
- 0.10%
- NAV
- ₹1,085.36
Which is better, Axis Liquid or JioBlackRock Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Liquid returned more over 1 year: 6.5% against 6.5%.
- JioBlackRock Liquid costs less: 0.10% a year against 0.13% (Direct plans).
- Axis Liquid fell less in its worst fall since 06-07-2025: −0.0% against −0.0%.
- Axis Liquid is the larger fund: ₹53,470 Cr against ₹8,256 Cr.
- Their portfolios overlap 11.9%: 13 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 | Axis Liquid Fund | JioBlackRock Liquid Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹53,470 Cr (30-09-2026) | ₹8,256 Cr (30-09-2026) |
| NAV | ₹3,184.74 (Direct) | ₹1,085.36 (Direct) |
| Expense ratio (Direct) | 0.13% | 0.10% |
| Expense ratio (Regular) | 0.23% | 0.23% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Liquid Index A-I | NIFTY Liquid Index A-I |
| Launch date | 09-10-2009 | 04-07-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Devang Shah, Aditya Pagaria, Sachin Jain | Arun Ramachandran, Vikrant Mehta, Siddharth Deb |
| 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. |
Axis Liquid vs JioBlackRock 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 |
|---|---|---|---|---|---|---|---|
| Axis Liquid Fund (Direct) | +0.46% | +1.52% | +3.22% | +6.54% | +6.96% | +6.46% | +6.15% |
| JioBlackRock Liquid Fund (Direct) | +0.45% | +1.52% | +3.21% | +6.53% | -- | -- | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | -- | -- | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Axis Liquid vs JioBlackRock Liquid: Year-wise Returns
| Year | AxisAxis Liquid | JioBlackRockJioBlackRock Liquid |
|---|---|---|
| 2026to date | +5.47% | +5.46% |
| 2025 | +6.66% | -- |
| 2024 | +7.47% | -- |
| 2023 | +7.13% | -- |
| 2022 | +4.95% | -- |
| 2021 | +3.36% | -- |
Axis Liquid vs JioBlackRock Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 112 of them, one for each trading day from 06-07-2026 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.
Axis Liquid Fund (Direct)
JioBlackRock Liquid Fund (Direct)
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.4% | 6.6% |
| JioBlackRock Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.4% | 6.6% |
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 06-07-2025. Past returns do not promise future returns.
Axis Liquid vs JioBlackRock 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis LiquidAxis Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,316 | ₹7,316 | 6.5% |
| JioBlackRock LiquidJioBlackRock Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,287 | ₹7,287 | 6.5% |
Axis LiquidAxis Liquid Fund (Direct)
JioBlackRock LiquidJioBlackRock 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.
Axis Liquid vs JioBlackRock Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Liquid Fund (Direct) | JioBlackRock Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.54% | +6.53% |
| Standard deviation | 0.19% | 0.20% |
| Sharpe ratio | 6.73 | 6.49 |
| Sortino ratio | 21.30 | 17.35 |
| Maximum drawdown | −0.0% (22-10-2026) | −0.0% (23-10-2026) |
| 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 | Axis Liquid Fund (Direct) | JioBlackRock Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.86% | +6.36% |
| Standard deviation | 0.16% | 0.18% |
| Sharpe ratio | 4.91 | 5.95 |
| Sortino ratio | 8.61 | 15.88 |
| Maximum drawdown | −0.2% (16-07-2013) | −0.0% (23-10-2026) |
| 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.
Axis Liquid Fund (Direct)
JioBlackRock Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Liquid Fund (Direct) | −0.0% | 20-10-2026 | 22-10-2026 | 25-10-2026 | 3 days | 0.0% |
| JioBlackRock Liquid Fund (Direct) | −0.0% | 20-10-2026 | 23-10-2026 | 25-10-2026 | 2 days | 0.0% |
From daily values since 06-07-2025, 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.
Axis Liquid Fund (Direct)
JioBlackRock Liquid Fund (Direct)
Axis Liquid vs JioBlackRock Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Liquid Fund, September 2026; JioBlackRock Liquid Fund, September 2026
Holdings in common
- Overlap
- 11.9%
- Held by both
- 13
- Only in Axis Liquid
- 119
- Only in JioBlackRock Liquid
- 31
| Security | % of Axis Liquid | % of JioBlackRock Liquid |
|---|---|---|
| LIC Housing Finance Limited (11/11/2026) | 2.18% | 4.21% |
| HDFC Bank Limited (14/12/2026) | 2.17% | 3.59% |
| Canara Bank (23/11/2026) | 1.85% | 7.80% |
| Central Bank of India (09/12/2026) | 1.39% | 2.39% |
| ICICI Securities Limited (26/11/2026) | 1.02% | 3.59% |
| Small Industries Dev Bank of India (18/12/2026) | 0.97% | 2.51% |
| Small Industries Dev Bank of India (17/12/2026) | 0.92% | 2.39% |
| National Bank For Agriculture and Rural Development (23/11/2026) | 0.46% | 6.00% |
| Bank of Baroda (07/12/2026) | 0.37% | 0.60% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.24% | 0.22% |
| HDFC Bank Limited (19/11/2026) | 0.22% | 2.10% |
| Small Industries Dev Bank of India (16/12/2026) | 0.09% | 1.49% |
| HDFC Bank Limited (06/11/2026) | 0.05% | 0.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.9% means 11.9% 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 Axis Liquid Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 31/12/2026) | 4.15% |
| HDFC Bank Limited (16/10/2026) | 3.73% |
| Small Industries Dev Bank of India (02/12/2026) | 3.05% |
| National Bank For Agriculture and Rural Development (30/11/2026) | 2.78% |
| 91 Days Tbill (MD 15/10/2026) | 2.75% |
Largest holdings only in JioBlackRock Liquid Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd (04-Dec-2026) | 7.19% |
| 7.95% Sikka Ports & Terminals Ltd (28-Oct-2026) | 5.76% |
| 91 DTB (29-OCT-2026) | 5.73% |
| 91 DTB (05-NOV-2026) | 4.10% |
| Power Finance Corporation Ltd (09-Dec-2026) | 3.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Liquid | JioBlackRock Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.6% | 106.0% |
| Cash and others | 3.4% | -6.0% |
Axis Liquid vs JioBlackRock Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Liquid Fund | JioBlackRock Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.13% | 0.10% |
| Base expense ratio (Direct) | 0.11% | 0.09% |
| Total expense ratio (Regular) | 0.23% | 0.23% |
| Base expense ratio (Regular) | 0.20% | 0.20% |
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 Axis Liquid with
Axis Liquid Fund vs JioBlackRock Liquid Fund: Frequently Asked Questions
What is the difference between Axis Liquid Fund and JioBlackRock Liquid Fund?
Both are Liquid funds, run by Axis Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 11.9%. Axis Liquid Fund charges 0.13% a year and JioBlackRock Liquid Fund 0.10%.
Which has given higher returns, Axis Liquid Fund or JioBlackRock Liquid Fund?
Over 1 year: Axis Liquid Fund +6.54%, JioBlackRock Liquid Fund +6.53%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Liquid Fund or JioBlackRock Liquid Fund?
JioBlackRock Liquid Fund charges less: 0.10% a year against 0.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Liquid Fund and JioBlackRock Liquid Fund overlap?
11.9%. They hold 13 of the same securities, the largest shared ones being LIC Housing Finance Limited (11/11/2026), HDFC Bank Limited (14/12/2026), Canara Bank (23/11/2026). From each fund's latest monthly portfolio.
Which is riskier, Axis Liquid Fund or JioBlackRock Liquid Fund?
On SEBI's riskometer, Axis Liquid Fund is rated Low to Moderate and JioBlackRock Liquid Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.19% and 0.20% a year.
Can I invest in both Axis Liquid Fund and JioBlackRock Liquid Fund?
Yes. 11.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Liquid Fund and JioBlackRock Liquid Fund?
Axis Liquid Fund: Devang Shah, Aditya Pagaria, Sachin Jain. JioBlackRock Liquid Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb.
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.