DSP Liquid Fund vs Edelweiss Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Liquid Fund and Edelweiss Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, DSP Liquid Fund (Direct) returned 6.9% a year and Edelweiss Liquid Fund (Direct) returned 7.0% a year. DSP Liquid Fund charges 0.14% a year and Edelweiss Liquid Fund 0.10% (Direct plans). Their portfolios overlap 16.2%: they hold 26 of the same securities.
Which is better, DSP Liquid or Edelweiss Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Liquid returned more over 5 years: 6.5% a year against 6.4%.
- Edelweiss Liquid returned more over 3 years: 7.0% a year against 6.9%.
- Edelweiss Liquid costs less: 0.10% a year against 0.14% (Direct plans).
- DSP Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.1%.
- DSP Liquid fell less in its worst fall since 27-11-2016: −0.1% against −0.1%.
- DSP Liquid is the larger fund: ₹24,726 Cr against ₹11,741 Cr.
- Their portfolios overlap 16.2%: 26 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 | DSP Liquid Fund | Edelweiss Liquid Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Edelweiss Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹24,726 Cr (30-09-2026) | ₹11,741 Cr (30-09-2026) |
| NAV | ₹4,093.28 (Direct) | ₹3,699.86 (Direct) |
| Expense ratio (Direct) | 0.14% | 0.10% |
| Expense ratio (Regular) | 0.23% | 0.17% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | CRISIL Liquid Debt A-I Index |
| Launch date | 11-03-1998 | 21-09-2007 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Karan Mundhra, Shalini Vasanta, Kunal Khudania | Rahul Dedhia, Hetul Raval |
| 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. |
DSP Liquid vs Edelweiss 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 |
|---|---|---|---|---|---|---|---|
| DSP Liquid Fund (Direct) | +0.45% | +1.51% | +3.19% | +6.50% | +6.93% | +6.43% | +6.11% |
| Edelweiss Liquid Fund (Direct) | +0.46% | +1.52% | +3.21% | +6.50% | +6.96% | +6.45% | -- |
| 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.
DSP Liquid vs Edelweiss Liquid: Year-wise Returns
| Year | DSPDSP Liquid | EdelweissEdelweiss Liquid |
|---|---|---|
| 2026to date | +5.43% | +5.43% |
| 2025 | +6.62% | +6.64% |
| 2024 | +7.48% | +7.53% |
| 2023 | +7.07% | +7.11% |
| 2022 | +4.92% | +4.91% |
| 2021 | +3.35% | +3.49% |
DSP Liquid vs Edelweiss Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,525 of them, one for each trading day from 27-11-2019 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.
DSP Liquid Fund (Direct)
Edelweiss Liquid Fund (Direct)
to
Jun 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Liquid | 0.0 | 30.7 | 69.3 | 0.0 | 0.0 | 0.0 | 0.0 | 5.8% | 5.9% | 4.1% | 7.1% |
| Edelweiss Liquid | 0.0 | 28.5 | 71.5 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 6.0% | 4.2% | 7.1% |
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 27-11-2016. Past returns do not promise future returns.
DSP Liquid vs Edelweiss 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 01-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP LiquidDSP Liquid Fund (Direct) | ₹12,00,000 | ₹16,42,171 | ₹4,42,171 | 6.1% |
| Edelweiss LiquidEdelweiss Liquid Fund (Direct) | ₹12,00,000 | ₹16,46,563 | ₹4,46,563 | 6.2% |
DSP LiquidDSP Liquid Fund (Direct)
Edelweiss LiquidEdelweiss 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.
DSP Liquid vs Edelweiss Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Liquid Fund (Direct) | Edelweiss Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.50% | +6.50% |
| Standard deviation | 0.19% | 0.19% |
| Sharpe ratio | 6.55 | 6.50 |
| Sortino ratio | 18.08 | 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 | DSP Liquid Fund (Direct) | Edelweiss Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.93% | +6.96% |
| Standard deviation | 0.14% | 0.15% |
| Sharpe ratio | 6.40 | 6.45 |
| Sortino ratio | 17.84 | 18.56 |
| 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 | DSP Liquid Fund (Direct) | Edelweiss Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +6.45% |
| Standard deviation | 0.13% | 0.14% |
| Sharpe ratio | 4.76 | 4.69 |
| Sortino ratio | 10.31 | 9.82 |
| 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 | DSP Liquid Fund (Direct) | Edelweiss Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.82% | +6.16% |
| Standard deviation | 0.21% | 0.19% |
| Sharpe ratio | 3.64 | 4.14 |
| Sortino ratio | 7.64 | 10.03 |
| Maximum drawdown | −0.2% (16-07-2013) | −0.1% (24-03-2020) |
| 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.
DSP Liquid Fund (Direct)
Edelweiss Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Liquid Fund (Direct) | −0.1% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Edelweiss Liquid Fund (Direct) | −0.1% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 27-11-2016, 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.
DSP Liquid Fund (Direct)
Edelweiss 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.
DSP Liquid Fund (Direct)
Edelweiss 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.
DSP Liquid Fund (Direct)
Edelweiss Liquid Fund (Direct)
DSP Liquid vs Edelweiss Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Liquid Fund, September 2026; Edelweiss Liquid Fund, September 2026
Holdings in common
- Overlap
- 16.2%
- Held by both
- 26
- Only in DSP Liquid
- 124
- Only in Edelweiss Liquid
- 58
| Security | % of DSP Liquid | % of Edelweiss Liquid |
|---|---|---|
| Reliance Retail Ventures Limited | 1.70% | 2.10% |
| Bank of Baroda | 1.61% | 2.54% |
| Reliance Industries Limited | 2.00% | 1.26% |
| Canara Bank | 1.20% | 2.53% |
| Axis Securities Limited | 1.20% | 0.84% |
| 91 DAYS T-BILL 27112026 | 0.80% | 1.69% |
| Bharat Petroleum Corporation Limited | 0.80% | 2.54% |
| Axis Bank Limited | 0.80% | 1.05% |
| National Bank For Agriculture & Rural Development | 0.80% | 2.11% |
| Canara Bank | 0.80% | 1.27% |
| 91 DAYS T-BILL 29102026 | 0.70% | 3.56% |
| Bank of Baroda | 0.70% | 0.84% |
| Indian Bank | 0.60% | 2.12% |
| HDFC Bank Limited | 0.50% | 0.84% |
| ICICI Securities Limited | 0.80% | 0.42% |
| Kotak Securities Limited | 0.40% | 1.27% |
| HDFC Bank Limited | 0.40% | 2.55% |
| Jio Credit Limited | 0.40% | 0.85% |
| 91 DAYS T-BILL 10122026 | 0.30% | 6.32% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.22% | 0.27% |
| Bank of Baroda | 0.20% | 0.84% |
| Punjab National Bank | 0.20% | 0.63% |
| ICICI Securities Limited | 0.20% | 0.84% |
| 364 DAYS T-BILL 03122026 | 0.16% | 1.94% |
| Indian Bank | 0.10% | 0.84% |
| HDFC Bank Limited | 0.06% | 2.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.2% means 16.2% 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 DSP Liquid Fund
| Security | % of fund |
|---|---|
| 5.74% GOI 15112026 | 3.24% |
| Small Industries Development Bank Of India | 2.19% |
| HDFC Bank Limited | 2.01% |
| Hindustan Petroleum Corporation Limited | 2.00% |
| LIC Housing Finance Limited | 1.70% |
Largest holdings only in Edelweiss Liquid Fund
| Security | % of fund |
|---|---|
| CANARA BANK CD RED 18-12-2026 | 4.83% |
| BANK OF INDIA CD RED 03-12-2026 | 4.21% |
| SIDBI CP RED 02-12-2026 | 2.95% |
| NABARD CP RED 09-11-2026 | 2.54% |
| HDFC BANK CD RED 04-11-2026 | 2.12% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Liquid | Edelweiss Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.5% | 111.4% |
| Cash and others | 2.5% | -11.4% |
DSP Liquid vs Edelweiss Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Liquid Fund | Edelweiss Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.14% | 0.10% |
| Base expense ratio (Direct) | 0.12% | 0.09% |
| Total expense ratio (Regular) | 0.23% | 0.17% |
| Base expense ratio (Regular) | 0.20% | 0.15% |
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 DSP Liquid with
DSP Liquid Fund vs Edelweiss Liquid Fund: Frequently Asked Questions
What is the difference between DSP Liquid Fund and Edelweiss Liquid Fund?
Both are Liquid funds, run by DSP Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 16.2%. DSP Liquid Fund charges 0.14% a year and Edelweiss Liquid Fund 0.10%.
Which has given higher returns, DSP Liquid Fund or Edelweiss Liquid Fund?
Over 1 year: DSP Liquid Fund +6.50%, Edelweiss Liquid Fund +6.50%. Over 3 years: DSP Liquid Fund +6.93% a year, Edelweiss Liquid Fund +6.96% a year. Over 5 years: DSP Liquid Fund +6.43% a year, Edelweiss Liquid Fund +6.45% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Liquid Fund or Edelweiss Liquid Fund?
Edelweiss Liquid Fund charges less: 0.10% a year against 0.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Liquid Fund and Edelweiss Liquid Fund overlap?
16.2%. They hold 26 of the same securities, the largest shared ones being Reliance Retail Ventures Limited, Bank of Baroda, Reliance Industries Limited. From each fund's latest monthly portfolio.
Which is riskier, DSP Liquid Fund or Edelweiss Liquid Fund?
On SEBI's riskometer, DSP Liquid Fund is rated Low to Moderate and Edelweiss Liquid Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.14% and 0.15% a year.
Which is better for SIP, DSP Liquid Fund or Edelweiss Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,215 in DSP Liquid Fund (XIRR 6.7% a year) and ₹7,25,642 in Edelweiss Liquid Fund (XIRR 6.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Liquid Fund and Edelweiss Liquid Fund?
Yes. 16.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Liquid Fund and Edelweiss Liquid Fund?
DSP Liquid Fund: Karan Mundhra, Shalini Vasanta, Kunal Khudania. Edelweiss Liquid Fund: Rahul Dedhia, Hetul Raval.
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.