Edelweiss Liquid Fund vs ICICI Prudential Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Liquid Fund and ICICI Prudential Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Edelweiss Liquid Fund (Direct) returned 7.0% a year and ICICI Prudential Liquid Fund (Direct) returned 6.9% a year. Edelweiss Liquid Fund charges 0.10% a year and ICICI Prudential Liquid Fund 0.20% (Direct plans). Their portfolios overlap 23.7%: they hold 21 of the same securities.
ICICI Prudential Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.20%
- NAV
- ₹423.38
Which is better, Edelweiss Liquid or ICICI Prudential 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 0.20% (Direct plans).
- ICICI Prudential Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.1%.
- Edelweiss Liquid fell less in its worst fall since 27-11-2016: −0.1% against −0.2%.
- ICICI Prudential Liquid is the larger fund: ₹55,340 Cr against ₹11,741 Cr.
- Their portfolios overlap 23.7%: 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 | Edelweiss Liquid Fund | ICICI Prudential Liquid Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹11,741 Cr (30-09-2026) | ₹55,340 Cr (30-09-2026) |
| NAV | ₹3,699.86 (Direct) | ₹423.38 (Direct) |
| Expense ratio (Direct) | 0.10% | 0.20% |
| Expense ratio (Regular) | 0.17% | 0.30% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | CRISIL Liquid Debt A-I Index | CRISIL Liquid Debt A-I Index |
| Launch date | 21-09-2007 | 17-11-2005 |
| Minimum investment | ₹1,000 | ₹99 |
| Lock in | None | None |
| Fund managers | Rahul Dedhia, Hetul Raval | Rohan Maru, Darshil Dedhia, Nikhil Kabra |
| 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. |
Edelweiss Liquid vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Liquid Fund (Direct) | +0.46% | +1.52% | +3.21% | +6.50% | +6.96% | +6.45% | -- |
| ICICI Prudential Liquid Fund (Direct) | +0.45% | +1.50% | +3.17% | +6.43% | +6.89% | +6.39% | +6.10% |
| 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.
Edelweiss Liquid vs ICICI Prudential Liquid: Year-wise Returns
| Year | EdelweissEdelweiss Liquid | ICICI PrudentialICICI Prudential Liquid |
|---|---|---|
| 2026to date | +5.43% | +5.37% |
| 2025 | +6.64% | +6.58% |
| 2024 | +7.53% | +7.45% |
| 2023 | +7.11% | +7.08% |
| 2022 | +4.91% | +4.85% |
| 2021 | +3.49% | +3.35% |
Edelweiss Liquid vs ICICI Prudential 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.
Edelweiss Liquid Fund (Direct)
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Liquid | 0.0 | 28.5 | 71.5 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 6.0% | 4.2% | 7.1% |
| ICICI Prudential Liquid | 0.0 | 30.1 | 69.9 | 0.0 | 0.0 | 0.0 | 0.0 | 5.8% | 6.0% | 4.1% | 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.
Edelweiss Liquid vs ICICI Prudential 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 27-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss LiquidEdelweiss Liquid Fund (Direct) | ₹12,00,000 | ₹16,46,563 | ₹4,46,563 | 6.2% |
| ICICI Prudential LiquidICICI Prudential Liquid Fund (Direct) | ₹12,00,000 | ₹16,40,923 | ₹4,40,923 | 6.1% |
Edelweiss LiquidEdelweiss Liquid Fund (Direct)
ICICI Prudential LiquidICICI Prudential 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.
Edelweiss Liquid vs ICICI Prudential Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Liquid Fund (Direct) | ICICI Prudential Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.50% | +6.43% |
| Standard deviation | 0.19% | 0.19% |
| Sharpe ratio | 6.50 | 6.31 |
| Sortino ratio | 18.44 | 18.99 |
| 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 | Edelweiss Liquid Fund (Direct) | ICICI Prudential Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.96% | +6.89% |
| Standard deviation | 0.15% | 0.15% |
| Sharpe ratio | 6.45 | 5.99 |
| Sortino ratio | 18.56 | 17.99 |
| 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 | Edelweiss Liquid Fund (Direct) | ICICI Prudential Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.45% | +6.39% |
| Standard deviation | 0.14% | 0.14% |
| Sharpe ratio | 4.69 | 4.26 |
| Sortino ratio | 9.82 | 9.24 |
| Maximum drawdown | −0.1% (05-05-2022) | −0.0% (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 | Edelweiss Liquid Fund (Direct) | ICICI Prudential Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.16% | +6.83% |
| Standard deviation | 0.19% | 0.21% |
| Sharpe ratio | 4.14 | 3.67 |
| Sortino ratio | 10.03 | 7.97 |
| Maximum drawdown | −0.1% (24-03-2020) | −0.2% (16-07-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2016 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.
Edelweiss Liquid Fund (Direct)
ICICI Prudential Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Liquid Fund (Direct) | −0.1% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| ICICI Prudential Liquid Fund (Direct) | −0.2% | 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.
Edelweiss Liquid Fund (Direct)
ICICI Prudential 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.
Edelweiss Liquid Fund (Direct)
ICICI Prudential 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.
Edelweiss Liquid Fund (Direct)
ICICI Prudential Liquid Fund (Direct)
Edelweiss Liquid vs ICICI Prudential Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Liquid Fund, September 2026; ICICI Prudential Liquid Fund, September 2026
Holdings in common
- Overlap
- 23.7%
- Held by both
- 21
- Only in Edelweiss Liquid
- 63
- Only in ICICI Prudential Liquid
- 119
| Security | % of Edelweiss Liquid | % of ICICI Prudential Liquid |
|---|---|---|
| 91 DAYS TBILL RED 10-12-2026 | 6.32% | 6.77% |
| NABARD CP RED 27-11-2026 | 2.11% | 1.79% |
| 91 DAYS TBILL RED 27-11-2026 | 1.69% | 4.14% |
| RELIANCE RETAIL VENTURES CP RED 27-11-26 | 2.11% | 1.34% |
| 91 DAYS TBILL RED 12-11-2026 | 2.02% | 1.32% |
| BANK OF INDIA CD 11-12-26 | 1.68% | 1.25% |
| HDFC BANK CD RED 04-11-2026 | 2.12% | 0.90% |
| BANK OF BARODA CD RED 11-11-26 | 2.54% | 0.90% |
| HINDUSTAN PETRO CORP CP 12-11-26 | 1.27% | 0.90% |
| BHARAT PETROL CORP CP 13-11-26 | 2.54% | 0.90% |
| SIDBI CP RED 01-12-2026 | 1.26% | 0.89% |
| SIDBI CP RED 28-10-2026 | 0.85% | 2.25% |
| HDFC BANK CD RED 04-12-2026 | 0.84% | 2.68% |
| RELIANCE RETAIL VENTURES CP RED 02-12-26 | 0.84% | 0.89% |
| CANARA BANK CD RED 23-11-26 | 1.27% | 0.81% |
| NABARD CP RED 09-11-2026 | 2.54% | 0.72% |
| KOTAK SECURITIES LTD CP 27-11-26 | 0.42% | 0.89% |
| TATA CAPITAL HSNG FIN 03-12-26 | 0.84% | 0.36% |
| SBI CDMDF--A2 | 0.27% | 0.28% |
| JIO CREDIT LTD. CP RED 09-11-2026 | 0.85% | 0.18% |
| BANK OF BARODA CD RED 07-12-2026 | 0.84% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.7% means 23.7% 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 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% |
| 91 DAYS TBILL RED 29-10-2026 | 3.56% |
| SIDBI CP RED 02-12-2026 | 2.95% |
| HDFC BANK CD RED 14-12-2026 | 2.73% |
Largest holdings only in ICICI Prudential Liquid Fund
| Security | % of fund |
|---|---|
| NABARD | 3.57% |
| 91 Days Treasury Bills | 2.41% |
| Reliance Retail Ventures Ltd | 2.15% |
| Union Bank Of India | 2.03% |
| HDFC Bank Ltd. | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Liquid | ICICI Prudential Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 111.4% | 106.5% |
| Cash and others | -11.4% | -6.5% |
Edelweiss Liquid vs ICICI Prudential Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Liquid Fund | ICICI Prudential Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.10% | 0.20% |
| Base expense ratio (Direct) | 0.09% | 0.17% |
| Total expense ratio (Regular) | 0.17% | 0.30% |
| Base expense ratio (Regular) | 0.15% | 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 Edelweiss Liquid with
Edelweiss Liquid Fund vs ICICI Prudential Liquid Fund: Frequently Asked Questions
What is the difference between Edelweiss Liquid Fund and ICICI Prudential Liquid Fund?
Both are Liquid funds, run by Edelweiss Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 23.7%. Edelweiss Liquid Fund charges 0.10% a year and ICICI Prudential Liquid Fund 0.20%.
Which has given higher returns, Edelweiss Liquid Fund or ICICI Prudential Liquid Fund?
Over 1 year: Edelweiss Liquid Fund +6.50%, ICICI Prudential Liquid Fund +6.43%. Over 3 years: Edelweiss Liquid Fund +6.96% a year, ICICI Prudential Liquid Fund +6.89% a year. Over 5 years: Edelweiss Liquid Fund +6.45% a year, ICICI Prudential Liquid Fund +6.39% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Liquid Fund or ICICI Prudential Liquid Fund?
Edelweiss Liquid Fund charges less: 0.10% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Liquid Fund and ICICI Prudential Liquid Fund overlap?
23.7%. They hold 21 of the same securities, the largest shared ones being 91 DAYS TBILL RED 10-12-2026, NABARD CP RED 27-11-2026, 91 DAYS TBILL RED 27-11-2026. From each fund's latest monthly portfolio.
Which is better for SIP, Edelweiss Liquid Fund or ICICI Prudential Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,642 in Edelweiss Liquid Fund (XIRR 6.8% a year) and ₹7,24,436 in ICICI Prudential Liquid Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Liquid Fund and ICICI Prudential Liquid Fund?
Yes. 23.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Liquid Fund and ICICI Prudential Liquid Fund?
Edelweiss Liquid Fund: Rahul Dedhia, Hetul Raval. ICICI Prudential Liquid Fund: Rohan Maru, Darshil Dedhia, Nikhil Kabra.
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.