Baroda BNP Paribas Liquid Fund vs Nippon India Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Liquid Fund and Nippon India Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Baroda BNP Paribas Liquid Fund (Direct) returned 6.9% a year and Nippon India Liquid Fund (Direct) returned 6.9% a year. Baroda BNP Paribas Liquid Fund charges 0.08% a year and Nippon India Liquid Fund 0.20% (Direct plans). Their portfolios overlap 13.5%: they hold 21 of the same securities.
Baroda BNP Paribas Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.08%
- NAV
- ₹3,297.31
Nippon India Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.20%
- NAV
- ₹7,007.02
Which is better, Baroda BNP Paribas Liquid or Nippon India Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Liquid returned more over 5 years: 6.4% a year against 6.4%.
- Nippon India Liquid returned more over 3 years: 6.9% a year against 6.9%.
- Baroda BNP Paribas Liquid costs less: 0.08% a year against 0.20% (Direct plans).
- Baroda BNP Paribas Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.1%.
- Baroda BNP Paribas Liquid fell less in its worst fall since 01-01-2013: −0.2% against −0.2%.
- Nippon India Liquid is the larger fund: ₹40,490 Cr against ₹12,914 Cr.
- Their portfolios overlap 13.5%: 21 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 | Baroda BNP Paribas Liquid Fund | Nippon India Liquid Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Nippon India Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹12,914 Cr (30-09-2026) | ₹40,490 Cr (30-09-2026) |
| NAV | ₹3,297.31 (Direct) | ₹7,007.02 (Direct) |
| Expense ratio (Direct) | 0.08% | 0.20% |
| Expense ratio (Regular) | 0.16% | 0.38% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | NIFTY Liquid Index A-I |
| Launch date | Not available | 09-12-2003 |
| Minimum investment | Not available | Daily IDCW Plan - ?10000 & in multiples of ?1 thereafter Weekly IDCW Plan - ?5000 & in multiples of ?1 thereafter Other Plans and Plans - ?1000 and in multiples of ?1 thereafter |
| Lock in | Not available | None |
| Fund managers | Not available | Vikash Agarwal |
| Exit load | Not available | 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. |
Baroda BNP Paribas Liquid vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Liquid Fund (Direct) | +0.45% | +1.50% | +3.15% | +6.42% | +6.87% | +6.42% | +6.14% |
| Nippon India Liquid Fund (Direct) | +0.45% | +1.52% | +3.20% | +6.50% | +6.93% | +6.44% | +6.15% |
| 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.
Baroda BNP Paribas Liquid vs Nippon India Liquid: Year-wise Returns
| Year | Baroda BNP ParibasBaroda BNP Paribas Liquid | Nippon IndiaNippon India Liquid |
|---|---|---|
| 2026to date | +5.35% | +5.44% |
| 2025 | +6.56% | +6.63% |
| 2024 | +7.43% | +7.46% |
| 2023 | +7.12% | +7.11% |
| 2022 | +4.99% | +4.92% |
| 2021 | +3.43% | +3.37% |
Baroda BNP Paribas Liquid vs Nippon India Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 3,759 of them, one for each trading day from 01-01-2016 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.
Baroda BNP Paribas Liquid Fund (Direct)
Nippon India Liquid Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Liquid | 0.0 | 19.8 | 80.2 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.9% | 4.1% | 9.0% |
| Nippon India Liquid | 0.0 | 19.3 | 80.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 7.0% | 4.1% | 9.0% |
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 01-01-2013. Past returns do not promise future returns.
Baroda BNP Paribas Liquid vs Nippon India 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas LiquidBaroda BNP Paribas Liquid Fund (Direct) | ₹16,60,000 | ₹26,25,342 | ₹9,65,342 | 6.4% |
| Nippon India LiquidNippon India Liquid Fund (Direct) | ₹16,60,000 | ₹26,27,615 | ₹9,67,615 | 6.4% |
Baroda BNP Paribas LiquidBaroda BNP Paribas Liquid Fund (Direct)
Nippon India LiquidNippon India 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.
Baroda BNP Paribas Liquid vs Nippon India Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Liquid Fund (Direct) | Nippon India Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.42% | +6.50% |
| Standard deviation | 0.17% | 0.20% |
| Sharpe ratio | 6.72 | 6.44 |
| Sortino ratio | 19.14 | 18.44 |
| Maximum drawdown | −0.0% (22-10-2026) | −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 | Baroda BNP Paribas Liquid Fund (Direct) | Nippon India Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.87% | +6.93% |
| Standard deviation | 0.14% | 0.15% |
| Sharpe ratio | 6.20 | 6.13 |
| Sortino ratio | 18.24 | 17.64 |
| Maximum drawdown | −0.0% (22-10-2026) | −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 | Baroda BNP Paribas Liquid Fund (Direct) | Nippon India Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.42% | +6.44% |
| Standard deviation | 0.13% | 0.14% |
| Sharpe ratio | 4.73 | 4.49 |
| Sortino ratio | 10.38 | 9.55 |
| Maximum drawdown | −0.0% (05-05-2022) | −0.1% (05-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2021 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 | Baroda BNP Paribas Liquid Fund (Direct) | Nippon India Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.87% | +6.86% |
| Standard deviation | 0.24% | 0.23% |
| Sharpe ratio | 3.38 | 3.62 |
| Sortino ratio | 7.33 | 6.94 |
| Maximum drawdown | −0.2% (16-07-2013) | −0.2% (16-07-2013) |
| 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.
Baroda BNP Paribas Liquid Fund (Direct)
Nippon India Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Liquid Fund (Direct) | −0.2% | 15-07-2013 | 16-07-2013 | 23-07-2013 | 7 days | 0.0% |
| Nippon India Liquid Fund (Direct) | −0.2% | 15-07-2013 | 16-07-2013 | 29-07-2013 | 13 days | 0.0% |
From daily values since 01-01-2013, 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.
Baroda BNP Paribas Liquid Fund (Direct)
Nippon India 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.
Baroda BNP Paribas Liquid Fund (Direct)
Nippon India Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Liquid Fund (Direct)
Nippon India Liquid Fund (Direct)
Baroda BNP Paribas Liquid vs Nippon India Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Liquid Fund, September 2026; Nippon India Liquid Fund, September 2026
Holdings in common
- Overlap
- 13.5%
- Held by both
- 21
- Only in Baroda BNP Paribas Liquid
- 63
- Only in Nippon India Liquid
- 146
| Security | % of Baroda BNP Paribas Liquid | % of Nippon India Liquid |
|---|---|---|
| Export Import Bank of India (04/11/2026) | 2.31% | 1.23% |
| National Bank For Agriculture and Rural Development (11/11/2026) | 1.92% | 1.23% |
| Axis Bank Limited (27/11/2026) | 1.73% | 1.22% |
| Titan Company Limited (10/12/2026) | 1.15% | 1.22% |
| 91 Days Tbill (MD 27/11/2026) | 2.30% | 1.10% |
| Small Industries Dev Bank of India (17/12/2026) | 1.53% | 0.97% |
| Reliance Retail Ventures Limited (02/12/2026) | 0.77% | 1.22% |
| Canara Bank (06/11/2026) | 0.77% | 3.68% |
| HDFC Bank Limited (04/11/2026) | 0.77% | 2.09% |
| HDFC Securities Limited (03/11/2026) | 1.54% | 0.61% |
| Reliance Retail Ventures Limited (06/11/2026) | 1.54% | 0.61% |
| Export Import Bank of India (04/12/2026) | 0.77% | 0.61% |
| ICICI Securities Limited (03/12/2026) | 0.76% | 0.61% |
| Hindustan Petroleum Corporation Limited (10/12/2026) | 0.38% | 0.98% |
| 182 Days Tbill (MD 19/11/2026) | 3.54% | 0.37% |
| 360 One WAM Limited (22/10/2026) | 0.77% | 0.25% |
| Nuvama Wealth Finance Limited (23/11/2026) | 0.69% | 0.24% |
| Corporate Debt Market Development Fund | 0.21% | 0.25% |
| HDFC Bank Limited (14/12/2026) | 0.19% | 0.73% |
| Canara Bank (30/11/2026) | 0.96% | 0.12% |
| 7.23% Indian Railway Finance Corporation Limited (15/10/2026) | 0.39% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.5% means 13.5% 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 Baroda BNP Paribas Liquid Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 31/12/2026) | 6.78% |
| Kotak Mahindra Bank Limited (21/12/2026) | 3.63% |
| Indian Bank (04/12/2026) | 2.49% |
| Union Bank of India (27/10/2026) | 2.31% |
| Canara Bank (04/12/2026) | 2.30% |
Largest holdings only in Nippon India Liquid Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 3.05% |
| 91 Days Tbill | 2.88% |
| Small Industries Dev Bank of India | 2.44% |
| Union Bank of India | 2.03% |
| National Bank For Agriculture and Rural Development | 1.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Liquid | Nippon India Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.7% | 103.4% |
| Cash and others | 4.3% | -3.4% |
Baroda BNP Paribas Liquid vs Nippon India Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Liquid Fund | Nippon India Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.08% | 0.20% |
| Base expense ratio (Direct) | 0.07% | 0.17% |
| Total expense ratio (Regular) | 0.16% | 0.38% |
| Base expense ratio (Regular) | 0.14% | 0.32% |
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 Baroda BNP Paribas Liquid with
Baroda BNP Paribas Liquid Fund vs Nippon India Liquid Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Liquid Fund and Nippon India Liquid Fund?
Both are Liquid funds, run by Baroda BNP Paribas Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 13.5%. Baroda BNP Paribas Liquid Fund charges 0.08% a year and Nippon India Liquid Fund 0.20%.
Which has given higher returns, Baroda BNP Paribas Liquid Fund or Nippon India Liquid Fund?
Over 1 year: Baroda BNP Paribas Liquid Fund +6.42%, Nippon India Liquid Fund +6.50%. Over 3 years: Baroda BNP Paribas Liquid Fund +6.87% a year, Nippon India Liquid Fund +6.93% a year. Over 5 years: Baroda BNP Paribas Liquid Fund +6.42% a year, Nippon India Liquid Fund +6.44% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Liquid Fund or Nippon India Liquid Fund?
Baroda BNP Paribas Liquid Fund charges less: 0.08% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Liquid Fund and Nippon India Liquid Fund overlap?
13.5%. They hold 21 of the same securities, the largest shared ones being Export Import Bank of India (04/11/2026), National Bank For Agriculture and Rural Development (11/11/2026), Axis Bank Limited (27/11/2026). From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Liquid Fund or Nippon India Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,24,442 in Baroda BNP Paribas Liquid Fund (XIRR 6.7% a year) and ₹7,25,307 in Nippon India Liquid Fund (XIRR 6.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Liquid Fund and Nippon India Liquid Fund?
Yes. 13.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.