Bajaj Finserv Liquid Fund vs JioBlackRock Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Liquid Fund and JioBlackRock Liquid Fund are both Liquid funds. In the year to 30-10-2026, Bajaj Finserv Liquid Fund (Direct) returned 6.5% and JioBlackRock Liquid Fund (Direct) returned 6.5%. Bajaj Finserv Liquid Fund charges 0.08% a year and JioBlackRock Liquid Fund 0.10% (Direct plans). Their portfolios overlap 16.0%: they hold 15 of the same securities.
Bajaj Finserv Liquid Fund
Liquid
- 1 year return
- 6.5%
- Expense ratio
- 0.08%
- NAV
- ₹1,249.12
JioBlackRock Liquid Fund
Liquid
- 1 year return
- 6.5%
- Expense ratio
- 0.10%
- NAV
- ₹1,085.36
Which is better, Bajaj Finserv 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.
- JioBlackRock Liquid returned more over 1 year: 6.5% against 6.5%.
- Bajaj Finserv Liquid costs less: 0.08% a year against 0.10% (Direct plans).
- Bajaj Finserv Liquid fell less in its worst fall since 06-07-2025: −0.0% against −0.0%.
- JioBlackRock Liquid is the larger fund: ₹8,256 Cr against ₹6,863 Cr.
- Their portfolios overlap 16.0%: 15 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 | JioBlackRock Liquid Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹6,863 Cr (30-09-2026) | ₹8,256 Cr (30-09-2026) |
| NAV | ₹1,249.12 (Direct) | ₹1,085.36 (Direct) |
| Expense ratio (Direct) | 0.08% | 0.10% |
| 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 | 04-07-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Siddharth Chaudhary, Chirag Shah | 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. |
Bajaj Finserv 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid Fund (Direct) | +0.46% | +1.51% | +3.22% | +6.47% | +6.92% | -- | -- |
| 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.
Bajaj Finserv Liquid vs JioBlackRock Liquid: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Liquid | JioBlackRockJioBlackRock Liquid |
|---|---|---|
| 2026to date | +5.41% | +5.46% |
| 2025 | +6.58% | -- |
| 2024 | +7.48% | -- |
Bajaj Finserv 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.
Bajaj Finserv 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.3% | 6.5% |
| 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.
Bajaj Finserv 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 |
|---|---|---|---|---|
| Bajaj Finserv LiquidBajaj Finserv Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,247 | ₹7,247 | 6.5% |
| JioBlackRock LiquidJioBlackRock Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,287 | ₹7,287 | 6.5% |
Bajaj Finserv LiquidBajaj Finserv 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.
Bajaj Finserv Liquid vs JioBlackRock 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) | JioBlackRock Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.47% | +6.53% |
| Standard deviation | 0.17% | 0.20% |
| Sharpe ratio | 7.06 | 6.49 |
| Sortino ratio | 19.15 | 17.35 |
| Maximum drawdown | −0.0% (23-03-2026) | −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 | Bajaj Finserv Liquid Fund (Direct) | JioBlackRock Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.92% | +6.36% |
| Standard deviation | 0.13% | 0.18% |
| Sharpe ratio | 6.46 | 5.95 |
| Sortino ratio | 17.19 | 15.88 |
| Maximum drawdown | −0.0% (23-03-2026) | −0.0% (23-10-2026) |
| 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)
JioBlackRock 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% |
| 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.
Bajaj Finserv Liquid Fund (Direct)
JioBlackRock Liquid Fund (Direct)
Bajaj Finserv Liquid vs JioBlackRock Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Liquid Fund, September 2026; JioBlackRock Liquid Fund, September 2026
Holdings in common
- Overlap
- 16.0%
- Held by both
- 15
- Only in Bajaj Finserv Liquid
- 61
- Only in JioBlackRock Liquid
- 29
| Security | % of Bajaj Finserv Liquid | % of JioBlackRock Liquid |
|---|---|---|
| 91 Days Tbill (MD 27/11/2026) | 2.75% | 2.40% |
| HDFC Securities Limited (07/12/2026) | 2.16% | 2.99% |
| Aditya Birla Housing Finance Limited (15/12/2026) | 2.88% | 1.79% |
| Small Industries Dev Bank of India (16/12/2026) | 1.80% | 1.49% |
| HDFC Bank Limited (14/12/2026) | 1.44% | 3.59% |
| Canara Bank (23/11/2026) | 1.44% | 7.80% |
| HDFC Bank Limited (04/12/2026) | 1.08% | 7.19% |
| Axis Securities Limited (04/11/2026) | 1.45% | 0.90% |
| Export Import Bank of India (04/12/2026) | 0.72% | 1.20% |
| Power Finance Corporation Limited (09/12/2026) | 0.72% | 3.29% |
| Canara Bank (03/12/2026) | 1.44% | 0.60% |
| 364 Days Tbill (MD 26/11/2026) | 2.17% | 0.36% |
| 7.95% Sikka Ports and Terminals Limited (28/10/2026) | 0.36% | 5.76% |
| REC Limited (22/10/2026) | 1.45% | 0.30% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.22% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.0% means 16.0% 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% |
| Bank of Baroda (06/11/2026) | 2.90% |
| 182 Days Tbill (MD 27/11/2026) | 2.89% |
| Canara Bank (04/12/2026) | 2.88% |
| 6.4% LIC Housing Finance Limited (30/11/2026) | 2.62% |
Largest holdings only in JioBlackRock Liquid Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture & Rural Development (23-Nov-2026) | 6.00% |
| 91 DTB (29-OCT-2026) | 5.73% |
| LIC Housing Finance Ltd (11-Nov-2026) | 4.21% |
| 91 DTB (05-NOV-2026) | 4.10% |
| ICICI Securities Ltd (26-Nov-2026) | 3.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Liquid | JioBlackRock Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 92.2% | 106.0% |
| Cash and others | 7.8% | -6.0% |
Bajaj Finserv Liquid vs JioBlackRock Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Liquid Fund | JioBlackRock Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.08% | 0.10% |
| Base expense ratio (Direct) | 0.07% | 0.09% |
| 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 JioBlackRock Liquid Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Liquid Fund and JioBlackRock Liquid Fund?
Both are Liquid funds, run by Bajaj Finserv Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 16.0%. Bajaj Finserv Liquid Fund charges 0.08% a year and JioBlackRock Liquid Fund 0.10%.
Which has given higher returns, Bajaj Finserv Liquid Fund or JioBlackRock Liquid Fund?
Over 1 year: Bajaj Finserv Liquid Fund +6.47%, JioBlackRock Liquid Fund +6.53%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Liquid Fund or JioBlackRock Liquid Fund?
Bajaj Finserv Liquid Fund charges less: 0.08% a year against 0.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Liquid Fund and JioBlackRock Liquid Fund overlap?
16.0%. They hold 15 of the same securities, the largest shared ones being 91 Days Tbill (MD 27/11/2026), HDFC Securities Limited (07/12/2026), Aditya Birla Housing Finance Limited (15/12/2026). From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Liquid Fund or JioBlackRock Liquid Fund?
On SEBI's riskometer, Bajaj Finserv Liquid Fund is rated Low to Moderate and JioBlackRock Liquid Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.17% and 0.20% a year.
Can I invest in both Bajaj Finserv Liquid Fund and JioBlackRock Liquid Fund?
Yes. 16.0% 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 JioBlackRock Liquid Fund?
Bajaj Finserv Liquid Fund: Nimesh Chandan, Siddharth Chaudhary, Chirag Shah. 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.