Bank of India Liquid Fund vs Capitalmind Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Liquid Fund and Capitalmind Liquid Fund are both Liquid funds. Bank of India Liquid Fund charges 0.09% a year and Capitalmind Liquid Fund 0.11% (Direct plans). Their portfolios overlap 13.2%: they hold 6 of the same securities.
Which is better, Bank of India Liquid or Capitalmind Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Liquid costs less: 0.09% a year against 0.11% (Direct plans).
- Capitalmind Liquid fell less in its worst fall since 01-12-2025: −0.0% against −0.0%.
- Bank of India Liquid is the larger fund: ₹1,874 Cr against ₹124 Cr.
- Their portfolios overlap 13.2%: 6 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 | Bank of India Liquid Fund | Capitalmind Liquid Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Capitalmind Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹1,874 Cr (30-09-2026) | ₹124 Cr (30-09-2026) |
| NAV | ₹3,296.36 (Direct) | ₹1,060.90 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.11% |
| Expense ratio (Regular) | 0.15% | 0.31% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | Nifty Liquid Index A-I TRI |
| Launch date | 16-07-2008 | 22-11-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha | Prateek Jain, Anoop Vijaykumar |
| 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. |
Bank of India Liquid vs Capitalmind 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Liquid Fund (Direct) | +0.46% | +1.53% | +3.21% | +6.49% | +6.92% | +6.45% | +6.10% |
| Capitalmind Liquid Fund (Direct) | +0.45% | +1.51% | +3.13% | -- | -- | -- | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | -- | -- | -- | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Bank of India Liquid vs Capitalmind Liquid: Year-wise Returns
| Year | Bank of IndiaBank of India Liquid | CapitalmindCapitalmind Liquid |
|---|---|---|
| 2026to date | +5.42% | +5.36% |
| 2025 | +6.61% | -- |
| 2024 | +7.47% | -- |
| 2023 | +7.10% | -- |
| 2022 | +4.99% | -- |
| 2021 | +3.34% | -- |
Bank of India Liquid vs Capitalmind Liquid: Rolling Returns
Every holding period of both funds
Bank of India Liquid vs Capitalmind Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Liquid Fund (Direct) | Capitalmind Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.83% | +6.47% |
| Standard deviation | 0.18% | 0.18% |
| Sharpe ratio | 4.29 | 6.86 |
| Sortino ratio | 8.29 | 19.23 |
| Maximum drawdown | −0.2% (24-03-2020) | −0.0% (15-10-2026) |
| 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.
Bank of India Liquid Fund (Direct)
Capitalmind Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Liquid Fund (Direct) | −0.0% | 05-07-2026 | 07-07-2026 | 09-07-2026 | 2 days | 0.0% |
| Capitalmind Liquid Fund (Direct) | −0.0% | 14-10-2026 | 15-10-2026 | 18-10-2026 | 3 days | 0.0% |
From daily values since 01-12-2025, the first day every fund has.
Bank of India Liquid vs Capitalmind Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Liquid Fund, September 2026; Capitalmind Liquid Fund, September 2026
Holdings in common
- Overlap
- 13.2%
- Held by both
- 6
- Only in Bank of India Liquid
- 38
- Only in Capitalmind Liquid
- 13
| Security | % of Bank of India Liquid | % of Capitalmind Liquid |
|---|---|---|
| Aditya Birla Housing Finance Limited (23/11/2026) | 3.96% | 4.00% |
| Small Industries Dev Bank of India (06/11/2026) | 2.65% | 7.62% |
| 91 Days Tbill (MD 10/12/2026) | 2.64% | 7.99% |
| Union Bank of India (27/10/2026) | 2.39% | 5.63% |
| Bank of Baroda (11/12/2026) | 1.32% | 7.98% |
| Corporate Debt Market Development Fund | 0.30% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.2% means 13.2% 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 Bank of India Liquid Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture and Rural Development (10/11/2026) | 7.95% |
| Small Industries Dev Bank of India (10/11/2026) | 5.30% |
| Axis Bank Limited (16/12/2026) | 5.27% |
| 364 Days Tbill (MD 26/11/2026) | 3.97% |
| 91 Days Tbill (MD 19/11/2026) | 3.97% |
Largest holdings only in Capitalmind Liquid Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 03/12/2026) | 8.00% |
| Export Import Bank of India (04/12/2026) | 7.99% |
| Canara Bank (03/12/2026) | 7.99% |
| Punjab National Bank (15/12/2026) | 7.97% |
| 7.95% Sikka Ports and Terminals Limited (28/10/2026) | 4.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Liquid | Capitalmind Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 118.0% | 94.2% |
| Cash and others | -18.0% | 5.8% |
Bank of India Liquid vs Capitalmind Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Liquid Fund | Capitalmind Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.11% |
| Base expense ratio (Direct) | 0.07% | 0.08% |
| Total expense ratio (Regular) | 0.15% | 0.31% |
| Base expense ratio (Regular) | 0.12% | 0.25% |
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 Bank of India Liquid with
Bank of India Liquid Fund vs Capitalmind Liquid Fund: Frequently Asked Questions
What is the difference between Bank of India Liquid Fund and Capitalmind Liquid Fund?
Both are Liquid funds, run by Bank of India Mutual Fund and Capitalmind Mutual Fund. Their portfolios overlap 13.2%. Bank of India Liquid Fund charges 0.09% a year and Capitalmind Liquid Fund 0.11%.
Which has the lower expense ratio, Bank of India Liquid Fund or Capitalmind Liquid Fund?
Bank of India Liquid Fund charges less: 0.09% a year against 0.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Liquid Fund and Capitalmind Liquid Fund overlap?
13.2%. They hold 6 of the same securities, the largest shared ones being Aditya Birla Housing Finance Limited (23/11/2026), Small Industries Dev Bank of India (06/11/2026), 91 Days Tbill (MD 10/12/2026). From each fund's latest monthly portfolio.
Which is riskier, Bank of India Liquid Fund or Capitalmind Liquid Fund?
On SEBI's riskometer, Bank of India Liquid Fund is rated Low to Moderate and Capitalmind Liquid Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.18% and 0.18% a year.
Can I invest in both Bank of India Liquid Fund and Capitalmind Liquid Fund?
Yes. 13.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Liquid Fund and Capitalmind Liquid Fund?
Bank of India Liquid Fund: Mithraem Bharucha. Capitalmind Liquid Fund: Prateek Jain, Anoop Vijaykumar.
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.