JioBlackRock Liquid Fund vs Mirae Asset Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Liquid Fund and Mirae Asset Liquid Fund are both Liquid funds. In the year to 30-10-2026, JioBlackRock Liquid Fund (Direct) returned 6.5% and Mirae Asset Liquid Fund (Direct) returned 6.4%. JioBlackRock Liquid Fund charges 0.10% a year and Mirae Asset Liquid Fund 0.09% (Direct plans). Their portfolios overlap 18.3%: they hold 14 of the same securities.
JioBlackRock Liquid Fund
Liquid
- 1 year return
- 6.5%
- Expense ratio
- 0.10%
- NAV
- ₹1,085.36
Mirae Asset Liquid Fund
Liquid
- 1 year return
- 6.4%
- Expense ratio
- 0.09%
- NAV
- ₹3,020.32
Which is better, JioBlackRock Liquid or Mirae Asset Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Liquid returned more over 1 year: 6.5% against 6.4%.
- Mirae Asset Liquid costs less: 0.09% a year against 0.10% (Direct plans).
- Mirae Asset Liquid fell less in its worst fall since 06-07-2025: −0.0% against −0.0%.
- Mirae Asset Liquid is the larger fund: ₹14,887 Cr against ₹8,256 Cr.
- Their portfolios overlap 18.3%: 14 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 | JioBlackRock Liquid Fund | Mirae Asset Liquid Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Mirae Asset Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹8,256 Cr (30-09-2026) | ₹14,887 Cr (30-09-2026) |
| NAV | ₹1,085.36 (Direct) | ₹3,020.32 (Direct) |
| Expense ratio (Direct) | 0.10% | 0.09% |
| Expense ratio (Regular) | 0.23% | 0.20% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | NIFTY Liquid Index A-I | Not available |
| Launch date | 04-07-2025 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Arun Ramachandran, Vikrant Mehta, Siddharth Deb | Not available |
| 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. | Not available |
JioBlackRock Liquid vs Mirae Asset 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 |
|---|---|---|---|---|---|---|---|
| JioBlackRock Liquid Fund (Direct) | +0.45% | +1.52% | +3.21% | +6.53% | -- | -- | -- |
| Mirae Asset Liquid Fund (Direct) | +0.44% | +1.50% | +3.13% | +6.38% | +6.88% | +6.41% | +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.
JioBlackRock Liquid vs Mirae Asset Liquid: Year-wise Returns
| Year | JioBlackRockJioBlackRock Liquid | Mirae AssetMirae Asset Liquid |
|---|---|---|
| 2026to date | +5.46% | +5.31% |
| 2025 | -- | +6.60% |
| 2024 | -- | +7.46% |
| 2023 | -- | +7.13% |
| 2022 | -- | +4.93% |
| 2021 | -- | +3.40% |
JioBlackRock Liquid vs Mirae Asset Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 112 of them, one for each trading day from 06-07-2026 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.
JioBlackRock Liquid Fund (Direct)
Mirae Asset Liquid Fund (Direct)
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JioBlackRock Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.4% | 6.6% |
| Mirae Asset Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.4% | 6.3% | 6.5% |
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 06-07-2025. Past returns do not promise future returns.
JioBlackRock Liquid vs Mirae Asset 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 06-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JioBlackRock LiquidJioBlackRock Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,287 | ₹7,287 | 6.5% |
| Mirae Asset LiquidMirae Asset Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,128 | ₹7,128 | 6.3% |
JioBlackRock LiquidJioBlackRock Liquid Fund (Direct)
Mirae Asset LiquidMirae Asset 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.
JioBlackRock Liquid vs Mirae Asset Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Liquid Fund (Direct) | Mirae Asset Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.53% | +6.38% |
| Standard deviation | 0.20% | 0.18% |
| Sharpe ratio | 6.49 | 6.25 |
| Sortino ratio | 17.35 | 14.51 |
| Maximum drawdown | −0.0% (23-10-2026) | −0.0% (07-07-2026) |
| 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 | JioBlackRock Liquid Fund (Direct) | Mirae Asset Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +6.70% |
| Standard deviation | 0.18% | 0.20% |
| Sharpe ratio | 5.95 | 3.19 |
| Sortino ratio | 15.88 | 7.90 |
| Maximum drawdown | −0.0% (23-10-2026) | −0.2% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-07-2025 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.
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.
JioBlackRock Liquid Fund (Direct)
Mirae Asset Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Liquid Fund (Direct) | −0.0% | 20-10-2026 | 23-10-2026 | 25-10-2026 | 2 days | 0.0% |
| Mirae Asset Liquid Fund (Direct) | −0.0% | 05-07-2026 | 07-07-2026 | 09-07-2026 | 2 days | 0.0% |
From daily values since 06-07-2025, 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.
JioBlackRock Liquid Fund (Direct)
Mirae Asset Liquid Fund (Direct)
JioBlackRock Liquid vs Mirae Asset Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Liquid Fund, September 2026; Mirae Asset Liquid Fund, September 2026
Holdings in common
- Overlap
- 18.3%
- Held by both
- 14
- Only in JioBlackRock Liquid
- 30
- Only in Mirae Asset Liquid
- 110
| Security | % of JioBlackRock Liquid | % of Mirae Asset Liquid |
|---|---|---|
| HDFC Bank Ltd (04-Dec-2026) | 7.19% | 3.49% |
| 364 DTB (19-NOV-2026) | 2.71% | 2.67% |
| 91 DTB (24-DEC-2026) | 2.09% | 3.98% |
| 91 DTB (29-OCT-2026) | 5.73% | 2.01% |
| 91 DTB (05-NOV-2026) | 4.10% | 1.34% |
| Canara Bank (23-Nov-2026) | 7.80% | 1.33% |
| Export-Import Bank Of India (04-Dec-2026) | 1.20% | 1.33% |
| 91 DTB (17-DEC-2026) | 1.20% | 1.33% |
| HDFC Bank Ltd (06-Nov-2026) | 0.90% | 1.34% |
| 91 DTB (12-NOV-2026) | 0.60% | 2.67% |
| Bank of Baroda (07-Dec-2026) | 0.60% | 1.00% |
| Kotak Securities Ltd (20-Nov-2026) | 1.20% | 0.33% |
| Small Industries Development Bank of India (16-Dec-2026) | 1.49% | 0.33% |
| Corporate Debt Market Development Fund Class A2 | 0.22% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.3% means 18.3% 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 JioBlackRock Liquid Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture & Rural Development (23-Nov-2026) | 6.00% |
| 7.95% Sikka Ports & Terminals Ltd (28-Oct-2026) | 5.76% |
| LIC Housing Finance Ltd (11-Nov-2026) | 4.21% |
| ICICI Securities Ltd (26-Nov-2026) | 3.59% |
| HDFC Bank Ltd (14-Dec-2026) | 3.59% |
Largest holdings only in Mirae Asset Liquid Fund
| Security | % of fund |
|---|---|
| Small Industries Development Bank of India (MD 10/11/2026) | 3.34% |
| Canara Bank (MD 04/12/2026) | 3.32% |
| Bank of Baroda (MD 06/11/2026) | 2.84% |
| 182 Days Treasury Bills (MD 27/11/2026) | 2.66% |
| Axis Bank Ltd. (MD 27/11/2026) | 2.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Liquid | Mirae Asset Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 106.0% | 119.3% |
| Cash and others | -6.0% | -19.3% |
JioBlackRock Liquid vs Mirae Asset Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Liquid Fund | Mirae Asset Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.10% | 0.09% |
| Base expense ratio (Direct) | 0.09% | 0.08% |
| Total expense ratio (Regular) | 0.23% | 0.20% |
| Base expense ratio (Regular) | 0.20% | 0.17% |
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 JioBlackRock Liquid with
JioBlackRock Liquid Fund vs Mirae Asset Liquid Fund: Frequently Asked Questions
What is the difference between JioBlackRock Liquid Fund and Mirae Asset Liquid Fund?
Both are Liquid funds, run by Jio BlackRock Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 18.3%. JioBlackRock Liquid Fund charges 0.10% a year and Mirae Asset Liquid Fund 0.09%.
Which has given higher returns, JioBlackRock Liquid Fund or Mirae Asset Liquid Fund?
Over 1 year: JioBlackRock Liquid Fund +6.53%, Mirae Asset Liquid Fund +6.38%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Liquid Fund or Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund charges less: 0.09% a year against 0.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Liquid Fund and Mirae Asset Liquid Fund overlap?
18.3%. They hold 14 of the same securities, the largest shared ones being HDFC Bank Ltd (04-Dec-2026), 364 DTB (19-NOV-2026), 91 DTB (24-DEC-2026). From each fund's latest monthly portfolio.
Can I invest in both JioBlackRock Liquid Fund and Mirae Asset Liquid Fund?
Yes. 18.3% 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.