Motilal Oswal Liquid Fund vs Parag Parikh Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Liquid Fund and Parag Parikh Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Motilal Oswal Liquid Fund (Direct) returned 6.5% a year and Parag Parikh Liquid Fund (Direct) returned 6.7% a year. Motilal Oswal Liquid Fund charges 0.20% a year and Parag Parikh Liquid Fund 0.11% (Direct plans). Their portfolios overlap 11.2%: they hold 4 of the same securities.
Motilal Oswal Liquid Fund
Liquid
- 3 year return
- 6.5%
- Expense ratio
- 0.20%
- NAV
- ₹15.05
Parag Parikh Liquid Fund
Liquid
- 3 year return
- 6.7%
- Expense ratio
- 0.11%
- NAV
- ₹1,581.87
Which is better, Motilal Oswal Liquid or Parag Parikh Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Parag Parikh Liquid returned more over 5 years: 6.1% a year against 6.0%.
- Parag Parikh Liquid returned more over 3 years: 6.7% a year against 6.5%.
- Parag Parikh Liquid costs less: 0.11% a year against 0.20% (Direct plans).
- Motilal Oswal Liquid swung less over 3 years: a standard deviation of 0.0% a year against 0.1%.
- Parag Parikh Liquid is the larger fund: ₹5,228 Cr against ₹1,016 Cr.
- Their portfolios overlap 11.2%: 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 | Motilal Oswal Liquid Fund | Parag Parikh Liquid Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | PPFAS Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹1,016 Cr (30-09-2026) | ₹5,228 Cr (30-09-2026) |
| NAV | ₹15.05 (Direct) | ₹1,581.87 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.11% |
| Expense ratio (Regular) | 0.41% | 0.21% |
| Riskometer | Low | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | CRISIL Liquid Debt A-I Index |
| Launch date | 20-12-2018 | 11-05-2018 |
| Minimum investment | INF247L01874 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rakesh Shetty | Tejas Soman, Mansi Kariya, Aishwarya Dhar |
| 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. |
Motilal Oswal Liquid vs Parag Parikh 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 |
|---|---|---|---|---|---|---|---|
| Motilal Oswal Liquid Fund (Direct) | +0.40% | +1.38% | +2.95% | +6.05% | +6.50% | +6.03% | -- |
| Parag Parikh Liquid Fund (Direct) | +0.44% | +1.49% | +3.14% | +6.41% | +6.66% | +6.14% | -- |
| 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.
Motilal Oswal Liquid vs Parag Parikh Liquid: Year-wise Returns
| Year | Motilal OswalMotilal Oswal Liquid | Parag ParikhParag Parikh Liquid |
|---|---|---|
| 2026to date | +5.02% | +5.36% |
| 2025 | +6.22% | +6.35% |
| 2024 | +7.05% | +7.05% |
| 2023 | +6.70% | +6.71% |
| 2022 | +4.57% | +4.62% |
| 2021 | +3.09% | +3.21% |
Motilal Oswal Liquid vs Parag Parikh Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 340 of them, one for each trading day from 19-09-2025 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.
Motilal Oswal Liquid Fund
Parag Parikh Liquid Fund (Direct)
to
Oct 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Liquid | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0% | 0.0% | 0.0% | 0.0% |
| Parag Parikh Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.7% | 6.7% | 6.8% |
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 19-09-2022. Past returns do not promise future returns.
Motilal Oswal Liquid vs Parag Parikh 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 19-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal LiquidMotilal Oswal Liquid Fund | ₹5,00,000 | ₹5,00,000 | ₹0 | −0.0% |
| Parag Parikh LiquidParag Parikh Liquid Fund (Direct) | ₹5,00,000 | ₹5,73,906 | ₹73,906 | 6.6% |
Motilal Oswal LiquidMotilal Oswal Liquid Fund
Parag Parikh LiquidParag Parikh 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.
Motilal Oswal Liquid vs Parag Parikh Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Liquid Fund (Direct) | Parag Parikh Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | 0.00% | +6.41% |
| Standard deviation | 0.00% | 0.20% |
| Sharpe ratio | -- | 5.93 |
| Sortino ratio | -17.92 | 15.30 |
| Maximum drawdown | 0.0% | −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 | Motilal Oswal Liquid Fund (Direct) | Parag Parikh Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | 0.00% | +6.66% |
| Standard deviation | 0.00% | 0.14% |
| Sharpe ratio | -- | 4.60 |
| Sortino ratio | -17.95 | 11.46 |
| Maximum drawdown | 0.0% | −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 | Motilal Oswal Liquid Fund (Direct) | Parag Parikh Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | 0.00% | +5.56% |
| Standard deviation | 0.00% | 0.15% |
| Sharpe ratio | -- | 1.82 |
| Sortino ratio | -17.99 | 3.47 |
| Maximum drawdown | 0.0% | −0.0% (05-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 19-09-2022 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.
Motilal Oswal Liquid Fund
Parag Parikh Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Liquid Fund | 0.0% | -- | -- | -- | -- | 0.0% |
| Parag Parikh Liquid Fund (Direct) | −0.0% | 20-10-2026 | 22-10-2026 | 25-10-2026 | 3 days | 0.0% |
From daily values since 19-09-2022, 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.
Motilal Oswal Liquid Fund
Parag Parikh 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.
Motilal Oswal Liquid Fund
Parag Parikh Liquid Fund (Direct)
Motilal Oswal Liquid vs Parag Parikh Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Liquid Fund, September 2026; Parag Parikh Liquid Fund, September 2026
Holdings in common
- Overlap
- 11.2%
- Held by both
- 4
- Only in Motilal Oswal Liquid
- 18
- Only in Parag Parikh Liquid
- 36
| Security | % of Motilal Oswal Liquid | % of Parag Parikh Liquid |
|---|---|---|
| Canara Bank 2026 | 4.88% | 4.74% |
| Small Industries Dev Bank of India 2026 | 4.87% | 4.73% |
| Axis Bank Limited 2026 | 4.87% | 1.42% |
| Corporate Debt Market Development Fund Class A2 | 0.33% | 0.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.2% means 11.2% 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 Motilal Oswal Liquid Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 08/10/2026) | 9.83% |
| 91 Days Tbill (MD 10/12/2026) | 9.74% |
| Bajaj Finance Limited 2026 | 4.91% |
| Poonawalla Fincorp Limited 2026 | 4.91% |
| 364 Days Tbill (MD 06/11/2026) | 4.90% |
Largest holdings only in Parag Parikh Liquid Fund
| Security | % of fund |
|---|---|
| Export Import Bank of India (04/11/2026) | 4.75% |
| Axis Bank Limited (26/11/2026) | 4.74% |
| HDFC Bank Limited (04/11/2026) | 3.80% |
| LIC Housing Finance Limited (26/11/2026) | 3.79% |
| HDFC Bank Limited (19/11/2026) | 3.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Liquid | Parag Parikh Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.7% | 89.7% |
| Cash and others | 2.3% | 10.3% |
Motilal Oswal Liquid vs Parag Parikh Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Liquid Fund | Parag Parikh Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.11% |
| Base expense ratio (Direct) | 0.17% | 0.09% |
| Total expense ratio (Regular) | 0.41% | 0.21% |
| Base expense ratio (Regular) | 0.35% | 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 Motilal Oswal Liquid with
Motilal Oswal Liquid Fund vs Parag Parikh Liquid Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Liquid Fund and Parag Parikh Liquid Fund?
Both are Liquid funds, run by Motilal Oswal Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 11.2%. Motilal Oswal Liquid Fund charges 0.20% a year and Parag Parikh Liquid Fund 0.11%.
Which has given higher returns, Motilal Oswal Liquid Fund or Parag Parikh Liquid Fund?
Over 1 year: Motilal Oswal Liquid Fund +6.05%, Parag Parikh Liquid Fund +6.41%. Over 3 years: Motilal Oswal Liquid Fund +6.50% a year, Parag Parikh Liquid Fund +6.66% a year. Over 5 years: Motilal Oswal Liquid Fund +6.03% a year, Parag Parikh Liquid Fund +6.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Liquid Fund or Parag Parikh Liquid Fund?
Parag Parikh Liquid Fund charges less: 0.11% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Liquid Fund and Parag Parikh Liquid Fund overlap?
11.2%. They hold 4 of the same securities, the largest shared ones being Canara Bank 2026, Small Industries Dev Bank of India 2026, Axis Bank Limited 2026. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Liquid Fund or Parag Parikh Liquid Fund?
On SEBI's riskometer, Motilal Oswal Liquid Fund is rated Low and Parag Parikh Liquid Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.00% and 0.14% a year.
Which is better for SIP, Motilal Oswal Liquid Fund or Parag Parikh Liquid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 02-10-2023 to 30-10-2026 grew to ₹3,70,000 in Motilal Oswal Liquid Fund (XIRR -0.0% a year) and ₹4,09,299 in Parag Parikh Liquid Fund (XIRR 6.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Motilal Oswal Liquid Fund and Parag Parikh Liquid Fund?
Yes. 11.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Liquid Fund and Parag Parikh Liquid Fund?
Motilal Oswal Liquid Fund: Rakesh Shetty. Parag Parikh Liquid Fund: Tejas Soman, Mansi Kariya, Aishwarya Dhar.
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.