Bajaj Finserv Liquid Fund vs Bandhan Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Liquid Fund and Bandhan Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Bajaj Finserv Liquid Fund (Direct) returned 6.9% a year and Bandhan Liquid Fund (Direct) returned 6.9% a year. Bajaj Finserv Liquid Fund charges 0.08% a year and Bandhan Liquid Fund 0.07% (Direct plans). Their portfolios overlap 18.8%: they hold 24 of the same securities.
Bajaj Finserv Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.08%
- NAV
- ₹1,249.12
Which is better, Bajaj Finserv Liquid or Bandhan Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Liquid returned more over 3 years: 6.9% a year against 6.9%.
- Bajaj Finserv Liquid returned more over 1 year: 6.5% against 6.4%.
- Bandhan Liquid costs less: 0.07% a year against 0.08% (Direct plans).
- Bajaj Finserv Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.1%.
- Bajaj Finserv Liquid fell less in its worst fall since 05-07-2023: −0.0% against −0.0%.
- Bandhan Liquid is the larger fund: ₹16,269 Cr against ₹6,863 Cr.
- Their portfolios overlap 18.8%: 24 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 | Bajaj Finserv Liquid Fund | Bandhan Liquid Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Bandhan Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹6,863 Cr (30-09-2026) | ₹16,269 Cr (30-09-2026) |
| NAV | ₹1,249.12 (Direct) | ₹3,454.60 (Direct) |
| Expense ratio (Direct) | 0.08% | 0.07% |
| Expense ratio (Regular) | 0.28% | 0.23% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Liquid Index A-I | NIFTY Liquid Index A-I |
| Launch date | 05-07-2023 | 02-07-2001 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Siddharth Chaudhary, Chirag Shah | Harshal Joshi, Brijesh Shah |
| 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. |
Bajaj Finserv Liquid vs Bandhan 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid Fund (Direct) | +0.46% | +1.51% | +3.22% | +6.47% | +6.92% | -- | -- |
| Bandhan Liquid Fund (Direct) | +0.44% | +1.48% | +3.15% | +6.43% | +6.88% | +6.40% | +6.04% |
| 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.
Bajaj Finserv Liquid vs Bandhan Liquid: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Liquid | BandhanBandhan Liquid |
|---|---|---|
| 2026to date | +5.41% | +5.37% |
| 2025 | +6.58% | +6.57% |
| 2024 | +7.48% | +7.44% |
| 2023 | -- | +7.12% |
| 2022 | -- | +4.91% |
| 2021 | -- | +3.29% |
Bajaj Finserv Liquid vs Bandhan Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 113 of them, one for each trading day from 05-07-2026 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.
Bajaj Finserv Liquid Fund (Direct)
Bandhan Liquid Fund (Direct)
to
Jul 2026Aug 2023
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 6.9% | 7.0% |
| Bandhan Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.0% | 6.9% | 7.0% |
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 05-07-2023. Past returns do not promise future returns.
Bajaj Finserv Liquid vs Bandhan 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 05-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv LiquidBajaj Finserv Liquid Fund (Direct) | ₹4,00,000 | ₹4,47,724 | ₹47,724 | 6.7% |
| Bandhan LiquidBandhan Liquid Fund (Direct) | ₹4,00,000 | ₹4,47,439 | ₹47,439 | 6.7% |
Bajaj Finserv LiquidBajaj Finserv Liquid Fund (Direct)
Bandhan LiquidBandhan 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.
Bajaj Finserv Liquid vs Bandhan Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Liquid Fund (Direct) | Bandhan Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.47% | +6.43% |
| Standard deviation | 0.17% | 0.20% |
| Sharpe ratio | 7.06 | 6.09 |
| Sortino ratio | 19.15 | 16.77 |
| Maximum drawdown | −0.0% (23-03-2026) | −0.0% (22-10-2026) |
| 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 | Bajaj Finserv Liquid Fund (Direct) | Bandhan Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.92% | +6.88% |
| Standard deviation | 0.13% | 0.14% |
| Sharpe ratio | 6.72 | 5.91 |
| Sortino ratio | 18.29 | 16.30 |
| Maximum drawdown | −0.0% (23-03-2026) | −0.0% (22-10-2026) |
| 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 | Bajaj Finserv Liquid Fund (Direct) | Bandhan Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.92% | +6.77% |
| Standard deviation | 0.13% | 0.21% |
| Sharpe ratio | 6.46 | 3.40 |
| Sortino ratio | 17.19 | 7.04 |
| Maximum drawdown | −0.0% (23-03-2026) | −0.2% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 05-07-2023 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.
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.
Bajaj Finserv Liquid Fund (Direct)
Bandhan Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid Fund (Direct) | −0.0% | 22-03-2026 | 23-03-2026 | 25-03-2026 | 2 days | 0.0% |
| Bandhan Liquid Fund (Direct) | −0.0% | 20-10-2026 | 22-10-2026 | 25-10-2026 | 3 days | 0.0% |
From daily values since 05-07-2023, 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.
Bajaj Finserv Liquid Fund (Direct)
Bandhan 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.
Bajaj Finserv Liquid Fund (Direct)
Bandhan Liquid Fund (Direct)
Bajaj Finserv Liquid vs Bandhan Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Liquid Fund, September 2026; Bandhan Liquid Fund, September 2026
Holdings in common
- Overlap
- 18.8%
- Held by both
- 24
- Only in Bajaj Finserv Liquid
- 52
- Only in Bandhan Liquid
- 55
| Security | % of Bajaj Finserv Liquid | % of Bandhan Liquid |
|---|---|---|
| 182 Days Tbill (MD 27/11/2026) | 2.89% | 2.13% |
| NTPC Limited (06/11/2026) | 1.45% | 2.90% |
| Canara Bank (23/11/2026) | 1.44% | 1.52% |
| Union Bank of India (30/11/2026) | 1.44% | 1.83% |
| Bank of Baroda (06/11/2026) | 2.90% | 1.37% |
| HDFC Bank Limited (04/12/2026) | 1.08% | 3.95% |
| Canara Bank (25/11/2026) | 1.08% | 3.35% |
| HDFC Bank Limited (14/12/2026) | 1.44% | 1.06% |
| Titan Company Limited (12/11/2026) | 1.45% | 0.92% |
| Indian Bank (04/12/2026) | 0.72% | 1.22% |
| Union Bank of India (04/12/2026) | 0.72% | 2.43% |
| Punjab National Bank (15/12/2026) | 0.72% | 1.37% |
| National Bank For Agriculture and Rural Development (02/12/2026) | 0.72% | 1.52% |
| L&T Finance Limited (05/11/2026) | 1.45% | 0.61% |
| The Federal Bank Limited (11/11/2026) | 0.72% | 0.61% |
| Bank of Baroda (04/12/2026) | 2.16% | 0.46% |
| HDFC Bank Limited (13/11/2026) | 1.81% | 0.46% |
| Reliance Retail Ventures Limited (27/11/2026) | 0.36% | 0.91% |
| Small Industries Dev Bank of India (04/12/2026) | 0.36% | 0.61% |
| Bajaj Finance Limited (04/11/2026) | 1.09% | 0.31% |
| Aditya Birla Capital Limited (26/10/2026) | 0.36% | 0.31% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.22% | 0.28% |
| Axis Bank Limited (26/11/2026) | 0.36% | 0.15% |
| Indian Bank (15/12/2026) | 0.36% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.8% means 18.8% 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 Bajaj Finserv Liquid Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 31/12/2026) | 3.59% |
| Canara Bank (04/12/2026) | 2.88% |
| Aditya Birla Housing Finance Limited (15/12/2026) | 2.88% |
| 91 Days Tbill (MD 27/11/2026) | 2.75% |
| 6.4% LIC Housing Finance Limited (30/11/2026) | 2.62% |
Largest holdings only in Bandhan Liquid Fund
| Security | % of fund |
|---|---|
| 5.74% GOI (MD 15/11/2026) | 6.59% |
| Export Import Bank of India | 3.64% |
| NTPC Limited | 3.07% |
| Reliance Retail Ventures Limited | 3.04% |
| Tata Capital Limited | 2.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Liquid | Bandhan Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 92.2% | 93.9% |
| Cash and others | 7.8% | 6.1% |
Bajaj Finserv Liquid vs Bandhan Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Liquid Fund | Bandhan Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.08% | 0.07% |
| Base expense ratio (Direct) | 0.07% | 0.06% |
| Total expense ratio (Regular) | 0.28% | 0.23% |
| Base expense ratio (Regular) | 0.24% | 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 Bajaj Finserv Liquid with
Bajaj Finserv Liquid Fund vs Bandhan Liquid Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Liquid Fund and Bandhan Liquid Fund?
Both are Liquid funds, run by Bajaj Finserv Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 18.8%. Bajaj Finserv Liquid Fund charges 0.08% a year and Bandhan Liquid Fund 0.07%.
Which has given higher returns, Bajaj Finserv Liquid Fund or Bandhan Liquid Fund?
Over 1 year: Bajaj Finserv Liquid Fund +6.47%, Bandhan Liquid Fund +6.43%. Over 3 years: Bajaj Finserv Liquid Fund +6.92% a year, Bandhan Liquid Fund +6.88% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Liquid Fund or Bandhan Liquid Fund?
Bandhan Liquid Fund charges less: 0.07% a year against 0.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Liquid Fund and Bandhan Liquid Fund overlap?
18.8%. They hold 24 of the same securities, the largest shared ones being 182 Days Tbill (MD 27/11/2026), NTPC Limited (06/11/2026), Canara Bank (23/11/2026). From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Liquid Fund or Bandhan Liquid Fund?
On SEBI's riskometer, Bajaj Finserv Liquid Fund is rated Low to Moderate and Bandhan Liquid Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.13% and 0.14% a year.
Which is better for SIP, Bajaj Finserv Liquid Fund or Bandhan Liquid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-10-2023 to 30-10-2026 grew to ₹4,10,448 in Bajaj Finserv Liquid Fund (XIRR 6.7% a year) and ₹4,10,191 in Bandhan Liquid Fund (XIRR 6.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bajaj Finserv Liquid Fund and Bandhan Liquid Fund?
Yes. 18.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Liquid Fund and Bandhan Liquid Fund?
Bajaj Finserv Liquid Fund: Nimesh Chandan, Siddharth Chaudhary, Chirag Shah. Bandhan Liquid Fund: Harshal Joshi, Brijesh Shah.
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.