JioBlackRock Liquid Fund vs Sundaram Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Liquid Fund and Sundaram Liquid Fund are both Liquid funds. In the year to 30-10-2026, JioBlackRock Liquid Fund (Direct) returned 6.5% and Sundaram Liquid Fund (Direct) returned 6.5%. JioBlackRock Liquid Fund charges 0.10% a year and Sundaram Liquid Fund 0.14% (Direct plans). Their portfolios overlap 13.0%: they hold 10 of the same securities.
JioBlackRock Liquid Fund
Liquid
- 1 year return
- 6.5%
- Expense ratio
- 0.10%
- NAV
- ₹1,085.36
Which is better, JioBlackRock Liquid or Sundaram Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Liquid returned more over 1 year: 6.5% against 6.5%.
- JioBlackRock Liquid costs less: 0.10% a year against 0.14% (Direct plans).
- Sundaram Liquid fell less in its worst fall since 06-07-2025: −0.0% against −0.0%.
- JioBlackRock Liquid is the larger fund: ₹8,256 Cr against ₹6,727 Cr.
- Their portfolios overlap 13.0%: 10 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 | Sundaram Liquid Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Sundaram Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹8,256 Cr (30-09-2026) | ₹6,727 Cr (30-09-2026) |
| NAV | ₹1,085.36 (Direct) | ₹2,530.14 (Direct) |
| Expense ratio (Direct) | 0.10% | 0.14% |
| Expense ratio (Regular) | 0.23% | 0.36% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Liquid Index A-I | NIFTY Liquid Index A-I |
| Launch date | 04-07-2025 | 01-01-2013 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Arun Ramachandran, Vikrant Mehta, Siddharth Deb | Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah |
| 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. |
JioBlackRock Liquid vs Sundaram 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% | -- | -- | -- |
| Sundaram Liquid Fund (Direct) | +0.45% | +1.49% | +3.26% | +6.53% | +6.95% | -- | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | -- | -- |
Category average: the average of the 44 Liquid funds, same plan type.
JioBlackRock Liquid vs Sundaram Liquid: Year-wise Returns
| Year | JioBlackRockJioBlackRock Liquid | SundaramSundaram Liquid |
|---|---|---|
| 2026to date | +5.46% | +5.47% |
| 2025 | -- | +6.63% |
| 2024 | -- | +7.47% |
| 2023 | -- | +7.10% |
JioBlackRock Liquid vs Sundaram 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)
Sundaram 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% |
| Sundaram Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.3% | 6.6% |
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 Sundaram 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% |
| Sundaram LiquidSundaram Liquid Fund (Direct) | ₹1,60,000 | ₹1,67,318 | ₹7,318 | 6.5% |
JioBlackRock LiquidJioBlackRock Liquid Fund (Direct)
Sundaram LiquidSundaram 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 Sundaram 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) | Sundaram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.53% | +6.53% |
| Standard deviation | 0.20% | 0.21% |
| Sharpe ratio | 6.49 | 6.17 |
| Sortino ratio | 17.35 | 19.24 |
| Maximum drawdown | −0.0% (23-10-2026) | −0.0% (23-03-2026) |
| 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) | Sundaram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +6.56% |
| Standard deviation | 0.18% | 0.14% |
| Sharpe ratio | 5.95 | 4.78 |
| Sortino ratio | 15.88 | 11.33 |
| Maximum drawdown | −0.0% (23-10-2026) | −0.0% (05-05-2022) |
| 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)
Sundaram 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% |
| Sundaram Liquid Fund (Direct) | −0.0% | 22-03-2026 | 23-03-2026 | 25-03-2026 | 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)
Sundaram Liquid Fund (Direct)
JioBlackRock Liquid vs Sundaram Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Liquid Fund, September 2026; Sundaram Liquid Fund, September 2026
Holdings in common
- Overlap
- 13.0%
- Held by both
- 10
- Only in JioBlackRock Liquid
- 34
- Only in Sundaram Liquid
- 50
| Security | % of JioBlackRock Liquid | % of Sundaram Liquid |
|---|---|---|
| 91 DTB (05-NOV-2026) | 4.10% | 5.62% |
| 91 DTB (29-OCT-2026) | 5.73% | 1.48% |
| Canara Bank (23-Nov-2026) | 7.80% | 1.47% |
| HDFC Bank Ltd (04-Dec-2026) | 7.19% | 1.47% |
| Power Finance Corporation Ltd (09-Dec-2026) | 3.29% | 1.47% |
| Export-Import Bank Of India (04-Dec-2026) | 1.20% | 1.47% |
| Kotak Securities Ltd (20-Nov-2026) | 1.20% | 0.74% |
| Canara Bank (03-Dec-2026) | 0.60% | 2.94% |
| REC Ltd (22-Oct-2026) | 0.30% | 0.74% |
| Corporate Debt Market Development Fund Class A2 | 0.22% | 0.27% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.0% means 13.0% 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 Sundaram Liquid Fund
| Security | % of fund |
|---|---|
| Export Import Bank of India - 04/11/2026 | 4.43% |
| Bank of India - 03/12/2026 | 4.41% |
| Central Bank of India - 04/12/2026 | 4.41% |
| 91 Days - T Bill - 22/10/2026 | 3.41% |
| REC LTD - 23/11/2026 | 2.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Liquid | Sundaram Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 106.0% | 96.1% |
| Cash and others | -6.0% | 3.9% |
JioBlackRock Liquid vs Sundaram Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Liquid Fund | Sundaram Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.10% | 0.14% |
| Base expense ratio (Direct) | 0.09% | 0.12% |
| Total expense ratio (Regular) | 0.23% | 0.36% |
| Base expense ratio (Regular) | 0.20% | 0.31% |
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 Sundaram Liquid Fund: Frequently Asked Questions
What is the difference between JioBlackRock Liquid Fund and Sundaram Liquid Fund?
Both are Liquid funds, run by Jio BlackRock Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 13.0%. JioBlackRock Liquid Fund charges 0.10% a year and Sundaram Liquid Fund 0.14%.
Which has given higher returns, JioBlackRock Liquid Fund or Sundaram Liquid Fund?
Over 1 year: JioBlackRock Liquid Fund +6.53%, Sundaram Liquid Fund +6.53%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Liquid Fund or Sundaram Liquid Fund?
JioBlackRock 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 JioBlackRock Liquid Fund and Sundaram Liquid Fund overlap?
13.0%. They hold 10 of the same securities, the largest shared ones being 91 DTB (05-NOV-2026), 91 DTB (29-OCT-2026), Canara Bank (23-Nov-2026). From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Liquid Fund or Sundaram Liquid Fund?
On SEBI's riskometer, JioBlackRock Liquid Fund is rated Low to Moderate and Sundaram Liquid Fund Moderate. Over 1 years, the standard deviation of daily returns was 0.20% and 0.21% a year.
Can I invest in both JioBlackRock Liquid Fund and Sundaram Liquid Fund?
Yes. 13.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JioBlackRock Liquid Fund and Sundaram Liquid Fund?
JioBlackRock Liquid Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb. Sundaram Liquid Fund: Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah.
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.