Canara Robeco Liquid Fund vs ITI Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Liquid Fund and ITI Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Canara Robeco Liquid Fund (Direct) returned 6.9% a year and ITI Liquid Fund (Direct) returned 6.6% a year. Canara Robeco Liquid Fund charges 0.08% a year and ITI Liquid Fund 0.16% (Direct plans). Their portfolios overlap 13.9%: they hold 4 of the same securities.
Canara Robeco Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.08%
- NAV
- ₹3,429.01
Which is better, Canara Robeco Liquid or ITI Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Canara Robeco Liquid returned more over 5 years: 6.4% a year against 6.2%.
- Canara Robeco Liquid returned more over 3 years: 6.9% a year against 6.6%.
- Canara Robeco Liquid costs less: 0.08% a year against 0.16% (Direct plans).
- ITI Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.1%.
- ITI Liquid fell less in its worst fall since 24-04-2019: −0.0% against −0.0%.
- Canara Robeco Liquid is the larger fund: ₹5,027 Cr against ₹52 Cr.
- Their portfolios overlap 13.9%: 4 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 | Canara Robeco Liquid Fund | ITI Liquid Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | ITI Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹5,027 Cr (30-09-2026) | ₹52 Cr (30-09-2026) |
| NAV | ₹3,429.01 (Direct) | ₹1,483.69 (Direct) |
| Expense ratio (Direct) | 0.08% | 0.16% |
| Expense ratio (Regular) | 0.17% | 0.24% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | CRISIL Liquid Debt A-I Index |
| Launch date | 15-01-2002 | 24-04-2019 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bhupesh Kalyani / Mr. Avnish Jain | Laukik Bagwe |
| 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. |
Canara Robeco Liquid vs ITI 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 |
|---|---|---|---|---|---|---|---|
| Canara Robeco Liquid Fund (Direct) | +0.45% | +1.50% | +3.14% | +6.42% | +6.90% | +6.41% | +5.98% |
| ITI Liquid Fund (Direct) | +0.43% | +1.38% | +2.94% | +6.09% | +6.64% | +6.18% | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Canara Robeco Liquid vs ITI Liquid: Year-wise Returns
| Year | Canara RobecoCanara Robeco Liquid | ITIITI Liquid |
|---|---|---|
| 2026to date | +5.35% | +5.05% |
| 2025 | +6.65% | +6.53% |
| 2024 | +7.44% | +7.12% |
| 2023 | +7.12% | +6.82% |
| 2022 | +4.90% | +4.80% |
| 2021 | +3.26% | +3.13% |
Canara Robeco Liquid vs ITI Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,645 of them, one for each trading day from 24-04-2022 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.
Canara Robeco Liquid Fund (Direct)
ITI Liquid Fund (Direct)
to
Sept 2022Jun 2020
to
Jun 2023Mar 2021
to
Mar 2024Dec 2021
to
Dec 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco Liquid | 0.0 | 36.3 | 63.7 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.9% | 3.8% | 7.1% |
| ITI Liquid | 0.0 | 39.0 | 61.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.5% | 5.7% | 3.6% | 6.9% |
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 24-04-2019. Past returns do not promise future returns.
Canara Robeco Liquid vs ITI 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 01-04-2019 to 30-10-2026: 91 instalments, ₹9,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco LiquidCanara Robeco Liquid Fund (Direct) | ₹9,10,000 | ₹11,54,417 | ₹2,44,417 | 6.2% |
| ITI LiquidITI Liquid Fund (Direct) | ₹9,10,000 | ₹11,43,561 | ₹2,33,561 | 5.9% |
Canara Robeco LiquidCanara Robeco Liquid Fund (Direct)
ITI LiquidITI 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.
Canara Robeco Liquid vs ITI Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Liquid Fund (Direct) | ITI Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.42% | +6.09% |
| Standard deviation | 0.19% | 0.18% |
| Sharpe ratio | 6.34 | 4.76 |
| Sortino ratio | 16.45 | 12.64 |
| Maximum drawdown | −0.0% (22-10-2026) | −0.0% (15-10-2026) |
| 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 | Canara Robeco Liquid Fund (Direct) | ITI Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.90% | +6.64% |
| Standard deviation | 0.14% | 0.13% |
| Sharpe ratio | 6.19 | 4.75 |
| Sortino ratio | 16.93 | 12.54 |
| Maximum drawdown | −0.0% (22-10-2026) | −0.0% (15-10-2026) |
| 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 | Canara Robeco Liquid Fund (Direct) | ITI Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.41% | +6.18% |
| Standard deviation | 0.13% | 0.12% |
| Sharpe ratio | 4.60 | 3.22 |
| Sortino ratio | 10.15 | 6.71 |
| Maximum drawdown | −0.0% (28-03-2023) | −0.0% (15-10-2026) |
| 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 | Canara Robeco Liquid Fund (Direct) | ITI Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.71% | +5.39% |
| Standard deviation | 0.14% | 0.12% |
| Sharpe ratio | 4.85 | 1.92 |
| Sortino ratio | 7.68 | 3.52 |
| Maximum drawdown | −0.2% (16-07-2013) | −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.
Canara Robeco Liquid Fund (Direct)
ITI Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Liquid Fund (Direct) | −0.0% | 26-03-2023 | 28-03-2023 | 29-03-2023 | 1 days | 0.0% |
| ITI Liquid Fund (Direct) | −0.0% | 14-10-2026 | 15-10-2026 | 18-10-2026 | 3 days | 0.0% |
From daily values since 24-04-2019, 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.
Canara Robeco Liquid Fund (Direct)
ITI 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.
Canara Robeco Liquid Fund (Direct)
ITI 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.
Canara Robeco Liquid Fund (Direct)
ITI Liquid Fund (Direct)
Canara Robeco Liquid vs ITI Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Liquid Fund, September 2026; ITI Liquid Fund, September 2026
Holdings in common
- Overlap
- 13.9%
- Held by both
- 4
- Only in Canara Robeco Liquid
- 35
- Only in ITI Liquid
- 7
| Security | % of Canara Robeco Liquid | % of ITI Liquid |
|---|---|---|
| HDFC Bank Ltd (14/12/2026) | 5.40% | 8.53% |
| 91 DTB (24-DEC-2026) | 5.30% | 9.48% |
| Punjab National Bank (15/12/2026) | 2.95% | 8.53% |
| CORPORATE DEBT MARKET DEVELOPMENT FUND CLASS A2 | 0.28% | 0.36% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.9% means 13.9% 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 Canara Robeco Liquid Fund
| Security | % of fund |
|---|---|
| Indian Oil Corporation Ltd (09/12/2026) | 5.90% |
| Reliance Retail Ventures Ltd (27/11/2026) | 4.92% |
| Kotak Securities Ltd (23/11/2026) | 4.92% |
| Small Industries Development Bank Of India (02/12/2026) | 3.94% |
| Export-Import Bank Of India (04/12/2026) | 3.94% |
Largest holdings only in ITI Liquid Fund
| Security | % of fund |
|---|---|
| Canara Bank (04/12/2026) | 9.50% |
| 91 Days Tbill (MD 17/12/2026) | 9.49% |
| Export Import Bank of India (14/12/2026) | 9.48% |
| HDFC Securities Limited (24/12/2026) | 8.50% |
| ICICI Securities Limited (26/10/2026) | 7.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Liquid | ITI Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.1% | 86.3% |
| Cash and others | 5.9% | 13.7% |
Canara Robeco Liquid vs ITI Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Liquid Fund | ITI Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.08% | 0.16% |
| Base expense ratio (Direct) | 0.07% | 0.13% |
| Total expense ratio (Regular) | 0.17% | 0.24% |
| Base expense ratio (Regular) | 0.15% | 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 Canara Robeco Liquid with
Canara Robeco Liquid Fund vs ITI Liquid Fund: Frequently Asked Questions
What is the difference between Canara Robeco Liquid Fund and ITI Liquid Fund?
Both are Liquid funds, run by Canara Robeco Mutual Fund and ITI Mutual Fund. Their portfolios overlap 13.9%. Canara Robeco Liquid Fund charges 0.08% a year and ITI Liquid Fund 0.16%.
Which has given higher returns, Canara Robeco Liquid Fund or ITI Liquid Fund?
Over 1 year: Canara Robeco Liquid Fund +6.42%, ITI Liquid Fund +6.09%. Over 3 years: Canara Robeco Liquid Fund +6.90% a year, ITI Liquid Fund +6.64% a year. Over 5 years: Canara Robeco Liquid Fund +6.41% a year, ITI Liquid Fund +6.18% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Liquid Fund or ITI Liquid Fund?
Canara Robeco Liquid Fund charges less: 0.08% a year against 0.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Liquid Fund and ITI Liquid Fund overlap?
13.9%. They hold 4 of the same securities, the largest shared ones being HDFC Bank Ltd (14/12/2026), 91 DTB (24-DEC-2026), Punjab National Bank (15/12/2026). From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Liquid Fund or ITI Liquid Fund?
On SEBI's riskometer, Canara Robeco Liquid Fund is rated Low to Moderate and ITI Liquid Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.14% and 0.13% a year.
Which is better for SIP, Canara Robeco Liquid Fund or ITI Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,24,800 in Canara Robeco Liquid Fund (XIRR 6.7% a year) and ₹7,20,050 in ITI Liquid Fund (XIRR 6.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Liquid Fund and ITI Liquid Fund?
Yes. 13.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Liquid Fund and ITI Liquid Fund?
Canara Robeco Liquid Fund: Bhupesh Kalyani / Mr. Avnish Jain. ITI Liquid Fund: Laukik Bagwe.
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.