Nippon India Liquid Fund vs Sundaram Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Liquid Fund and Sundaram Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Nippon India Liquid Fund (Direct) returned 6.9% a year and Sundaram Liquid Fund (Direct) returned 7.0% a year. Nippon India Liquid Fund charges 0.20% a year and Sundaram Liquid Fund 0.14% (Direct plans). Their portfolios overlap 15.0%: they hold 19 of the same securities.
Nippon India Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.20%
- NAV
- ₹7,007.02
Which is better, Nippon India 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 3 years: 7.0% a year against 6.9%.
- Sundaram Liquid returned more over 1 year: 6.5% against 6.5%.
- Sundaram Liquid costs less: 0.14% a year against 0.20% (Direct plans).
- Nippon India Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.2%.
- Sundaram Liquid fell less in its worst fall since 01-01-2022: −0.0% against −0.1%.
- Nippon India Liquid is the larger fund: ₹40,490 Cr against ₹6,727 Cr.
- Their portfolios overlap 15.0%: 19 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 | Nippon India Liquid Fund | Sundaram Liquid Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Sundaram Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹40,490 Cr (30-09-2026) | ₹6,727 Cr (30-09-2026) |
| NAV | ₹7,007.02 (Direct) | ₹2,530.14 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.14% |
| Expense ratio (Regular) | 0.38% | 0.36% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Liquid Index A-I | NIFTY Liquid Index A-I |
| Launch date | 09-12-2003 | 01-01-2013 |
| Minimum investment | Daily IDCW Plan - ?10000 & in multiples of ?1 thereafter Weekly IDCW Plan - ?5000 & in multiples of ?1 thereafter Other Plans and Plans - ?1000 and in multiples of ?1 thereafter | ₹1,000 |
| Lock in | None | None |
| Fund managers | Vikash Agarwal | 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. |
Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Liquid Fund (Direct) | +0.45% | +1.52% | +3.20% | +6.50% | +6.93% | +6.44% | +6.15% |
| 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.
Nippon India Liquid vs Sundaram Liquid: Year-wise Returns
| Year | Nippon IndiaNippon India Liquid | SundaramSundaram Liquid |
|---|---|---|
| 2026to date | +5.44% | +5.47% |
| 2025 | +6.63% | +6.63% |
| 2024 | +7.46% | +7.47% |
| 2023 | +7.11% | +7.10% |
| 2022 | +4.92% | -- |
| 2021 | +3.37% | -- |
Nippon India Liquid vs Sundaram Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 663 of them, one for each trading day from 01-01-2025 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.
Nippon India Liquid Fund (Direct)
Sundaram Liquid Fund (Direct)
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 6.5% | 7.1% |
| Sundaram Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 6.5% | 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 01-01-2022. Past returns do not promise future returns.
Nippon India 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 01-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India LiquidNippon India Liquid Fund (Direct) | ₹5,80,000 | ₹6,84,336 | ₹1,04,336 | 6.8% |
| Sundaram LiquidSundaram Liquid Fund (Direct) | ₹5,80,000 | ₹6,84,608 | ₹1,04,608 | 6.8% |
Nippon India LiquidNippon India 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.
Nippon India Liquid vs Sundaram Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Liquid Fund (Direct) | Sundaram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.50% | +6.53% |
| Standard deviation | 0.20% | 0.21% |
| Sharpe ratio | 6.44 | 6.17 |
| Sortino ratio | 18.44 | 19.24 |
| Maximum drawdown | −0.0% (22-10-2026) | −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 | Nippon India Liquid Fund (Direct) | Sundaram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.93% | +6.95% |
| Standard deviation | 0.15% | 0.15% |
| Sharpe ratio | 6.13 | 6.03 |
| Sortino ratio | 17.64 | 18.56 |
| Maximum drawdown | −0.0% (22-10-2026) | −0.0% (23-03-2026) |
| 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 | Nippon India Liquid Fund (Direct) | Sundaram Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.86% | +6.56% |
| Standard deviation | 0.23% | 0.14% |
| Sharpe ratio | 3.62 | 4.78 |
| Sortino ratio | 6.94 | 11.33 |
| Maximum drawdown | −0.2% (16-07-2013) | −0.0% (05-05-2022) |
| 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.
Nippon India 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 |
|---|---|---|---|---|---|---|
| Nippon India Liquid Fund (Direct) | −0.1% | 03-05-2022 | 05-05-2022 | 10-05-2022 | 5 days | 0.0% |
| Sundaram Liquid Fund (Direct) | −0.0% | 03-05-2022 | 05-05-2022 | 07-05-2022 | 2 days | 0.0% |
From daily values since 01-01-2022, 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.
Nippon India Liquid Fund (Direct)
Sundaram 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.
Nippon India Liquid Fund (Direct)
Sundaram Liquid Fund (Direct)
Nippon India Liquid vs Sundaram Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Liquid Fund, September 2026; Sundaram Liquid Fund, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 19
- Only in Nippon India Liquid
- 148
- Only in Sundaram Liquid
- 41
| Security | % of Nippon India Liquid | % of Sundaram Liquid |
|---|---|---|
| 91 Days Tbill | 2.88% | 3.41% |
| 91 Days Tbill | 1.46% | 1.48% |
| Export Import Bank of India | 1.23% | 4.43% |
| Bank of India | 1.22% | 4.41% |
| Axis Bank Limited | 1.22% | 1.47% |
| HDFC Bank Limited | 0.85% | 1.47% |
| Union Bank of India | 1.23% | 0.74% |
| Reliance Industries Limited | 0.61% | 2.94% |
| Power Finance Corporation Limited | 0.61% | 1.47% |
| Central Bank of India | 0.61% | 1.47% |
| Central Bank of India | 0.61% | 4.41% |
| Export Import Bank of India | 0.61% | 1.47% |
| Reliance Retail Ventures Limited | 0.61% | 1.47% |
| Kotak Securities Limited | 0.49% | 0.74% |
| Birla Group Holdings Private Limited | 0.49% | 0.74% |
| ICICI Securities Limited | 0.31% | 0.74% |
| Corporate Debt Market Development Fund Class A2 | 0.25% | 0.27% |
| 91 Days Tbill | 0.12% | 5.62% |
| Canara Bank | 0.12% | 1.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 Nippon India Liquid Fund
| Security | % of fund |
|---|---|
| Canara Bank | 3.68% |
| HDFC Bank Limited | 3.05% |
| Small Industries Dev Bank of India | 2.44% |
| HDFC Bank Limited | 2.09% |
| Union Bank of India | 2.03% |
Largest holdings only in Sundaram Liquid Fund
| Security | % of fund |
|---|---|
| REC LTD - 23/11/2026 | 2.95% |
| Tata Capital Housing Finance Ltd - 23/11/2026 | 2.95% |
| Canara Bank - 03/12/2026 | 2.94% |
| Hindustan Petroleum Corporation Ltd - 03/12/2026 | 2.94% |
| PNB Housing Finance Ltd - 18/11/2026 | 2.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Liquid | Sundaram Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 103.4% | 96.1% |
| Cash and others | -3.4% | 3.9% |
Nippon India Liquid vs Sundaram Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Liquid Fund | Sundaram Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.14% |
| Base expense ratio (Direct) | 0.17% | 0.12% |
| Total expense ratio (Regular) | 0.38% | 0.36% |
| Base expense ratio (Regular) | 0.32% | 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 Nippon India Liquid with
Nippon India Liquid Fund vs Sundaram Liquid Fund: Frequently Asked Questions
What is the difference between Nippon India Liquid Fund and Sundaram Liquid Fund?
Both are Liquid funds, run by Nippon India Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 15.0%. Nippon India Liquid Fund charges 0.20% a year and Sundaram Liquid Fund 0.14%.
Which has given higher returns, Nippon India Liquid Fund or Sundaram Liquid Fund?
Over 1 year: Nippon India Liquid Fund +6.50%, Sundaram Liquid Fund +6.53%. Over 3 years: Nippon India Liquid Fund +6.93% a year, Sundaram Liquid Fund +6.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Liquid Fund or Sundaram Liquid Fund?
Sundaram Liquid Fund charges less: 0.14% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Liquid Fund and Sundaram Liquid Fund overlap?
15.0%. They hold 19 of the same securities, the largest shared ones being 91 Days Tbill, 91 Days Tbill, Export Import Bank of India. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Liquid Fund or Sundaram Liquid Fund?
On SEBI's riskometer, Nippon India Liquid Fund is rated Moderate and Sundaram Liquid Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.15% and 0.15% a year.
Which is better for SIP, Nippon India Liquid Fund or Sundaram Liquid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-10-2023 to 30-10-2026 grew to ₹4,10,595 in Nippon India Liquid Fund (XIRR 6.7% a year) and ₹4,10,738 in Sundaram Liquid Fund (XIRR 6.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Liquid Fund and Sundaram Liquid Fund?
Yes. 15.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Nippon India Liquid Fund and Sundaram Liquid Fund?
Nippon India Liquid Fund: Vikash Agarwal. 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.