SBI Liquid Fund vs UTI - Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Liquid Fund and UTI - Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, SBI Liquid Fund (Direct) returned 6.9% a year and UTI - Liquid Fund (Direct) returned 6.9% a year. SBI Liquid Fund charges 0.20% a year and UTI - Liquid Fund 0.15% (Direct plans). Their portfolios overlap 8.2%: they hold 13 of the same securities.
Which is better, SBI Liquid or UTI - Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI - Liquid returned more over 5 years: 6.4% a year against 6.4%.
- UTI - Liquid returned more over 3 years: 6.9% a year against 6.9%.
- UTI - Liquid costs less: 0.15% a year against 0.20% (Direct plans).
- SBI Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.1%.
- SBI Liquid fell less in its worst fall since 01-01-2013: −0.2% against −0.3%.
- SBI Liquid is the larger fund: ₹77,481 Cr against ₹27,453 Cr.
- Their portfolios overlap 8.2%: 13 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 | SBI Liquid Fund | UTI - Liquid Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹77,481 Cr (30-09-2026) | ₹27,453 Cr (30-09-2026) |
| NAV | ₹4,473.16 (Direct) | ₹469.25 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.15% |
| Expense ratio (Regular) | 0.32% | 0.25% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | NIFTY Liquid Index A-I |
| Launch date | Not available | 23-06-2003 |
| Minimum investment | Not available | Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Reinvestment of IDCW- Rs.20000, Regular Plan-Payout of IDCW- Rs.20000, Regular Plan-Weekly Reinvestment of IDCW- Rs.20000, Regular Plan-Mo |
| Lock in | Not available | None |
| Fund managers | Not available | Amit Sharma FM 1, Not Applicable FM 2, Not Applicable FM 3 |
| Exit load | Not available | 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. |
SBI Liquid vs UTI - 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 |
|---|---|---|---|---|---|---|---|
| SBI Liquid Fund (Direct) | +0.46% | +1.51% | +3.19% | +6.45% | +6.86% | +6.38% | +6.06% |
| UTI - Liquid Fund (Direct) | +0.46% | +1.52% | +3.20% | +6.50% | +6.92% | +6.43% | +6.12% |
| 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.
SBI Liquid vs UTI - Liquid: Year-wise Returns
| Year | SBISBI Liquid | UTI -UTI - Liquid |
|---|---|---|
| 2026to date | +5.40% | +5.43% |
| 2025 | +6.53% | +6.62% |
| 2024 | +7.38% | +7.43% |
| 2023 | +7.07% | +7.12% |
| 2022 | +4.87% | +4.93% |
| 2021 | +3.37% | +3.38% |
SBI Liquid vs UTI - Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 3,951 of them, one for each trading day from 01-01-2016 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.
SBI Liquid Fund (Direct)
UTI - Liquid Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Liquid | 0.0 | 19.7 | 80.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.9% | 4.1% | 8.9% |
| UTI - Liquid | 0.0 | 19.2 | 80.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 7.0% | 4.1% | 8.9% |
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 01-01-2013. Past returns do not promise future returns.
SBI Liquid vs UTI - 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI LiquidSBI Liquid Fund (Direct) | ₹16,60,000 | ₹26,11,892 | ₹9,51,892 | 6.3% |
| UTI - LiquidUTI - Liquid Fund (Direct) | ₹16,60,000 | ₹26,22,165 | ₹9,62,165 | 6.3% |
SBI LiquidSBI Liquid Fund (Direct)
UTI - LiquidUTI - 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.
SBI Liquid vs UTI - Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Liquid Fund (Direct) | UTI - Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.45% | +6.50% |
| Standard deviation | 0.19% | 0.19% |
| Sharpe ratio | 6.21 | 6.55 |
| Sortino ratio | 19.91 | 20.68 |
| Maximum drawdown | −0.0% (23-03-2026) | −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 | SBI Liquid Fund (Direct) | UTI - Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.86% | +6.92% |
| Standard deviation | 0.14% | 0.15% |
| Sharpe ratio | 5.80 | 6.13 |
| Sortino ratio | 17.65 | 19.02 |
| Maximum drawdown | −0.0% (23-03-2026) | −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 | SBI Liquid Fund (Direct) | UTI - Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.38% | +6.43% |
| Standard deviation | 0.14% | 0.14% |
| Sharpe ratio | 4.21 | 4.54 |
| Sortino ratio | 9.14 | 10.30 |
| Maximum drawdown | −0.0% (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 | SBI Liquid Fund (Direct) | UTI - Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.78% | +6.82% |
| Standard deviation | 0.16% | 0.18% |
| Sharpe ratio | 4.63 | 4.31 |
| Sortino ratio | 8.15 | 7.41 |
| Maximum drawdown | −0.2% (16-07-2013) | −0.3% (24-03-2020) |
| 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.
SBI Liquid Fund (Direct)
UTI - Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Liquid Fund (Direct) | −0.2% | 15-07-2013 | 16-07-2013 | 22-07-2013 | 6 days | 0.0% |
| UTI - Liquid Fund (Direct) | −0.3% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 01-01-2013, 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.
SBI Liquid Fund (Direct)
UTI - 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.
SBI Liquid Fund (Direct)
UTI - 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.
SBI Liquid Fund (Direct)
UTI - Liquid Fund (Direct)
SBI Liquid vs UTI - Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Liquid Fund, September 2026; UTI - Liquid Fund, September 2026
Holdings in common
- Overlap
- 8.2%
- Held by both
- 13
- Only in SBI Liquid
- 108
- Only in UTI - Liquid
- 93
| Security | % of SBI Liquid | % of UTI - Liquid |
|---|---|---|
| Bank of India | 1.91% | 1.98% |
| HDFC Bank Ltd. | 1.80% | 1.81% |
| HDFC Bank Ltd. | 1.29% | 0.91% |
| National Bank for Agriculture and Rural Development | 0.64% | 0.90% |
| NTPC Ltd. | 0.64% | 1.64% |
| Titan Company Ltd. | 0.57% | 0.72% |
| Small Industries Development Bank of India | 0.51% | 2.52% |
| Union Bank of India | 2.57% | 0.36% |
| Corporate Debt Market Development Fund-A2 | 0.26% | 0.29% |
| Reliance Industries Ltd. | 0.25% | 0.72% |
| 182 DAY T-BILL 12.11.26 | 0.19% | 1.18% |
| Axis Bank Ltd. | 0.10% | 0.18% |
| Canara Bank | 0.03% | 0.27% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 8.2% means 8.2% 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 SBI Liquid Fund
| Security | % of fund |
|---|---|
| 91 DAY T-BILL 05.11.26 | 3.47% |
| HDFC Bank Ltd. | 3.20% |
| Punjab National Bank | 3.20% |
| National Bank for Agriculture and Rural Development | 3.14% |
| Canara Bank | 2.83% |
Largest holdings only in UTI - Liquid Fund
| Security | % of fund |
|---|---|
| 91 DAYS T-BILL - 19/11/2026 | 4.52% |
| CD - UCO BANK - 04/11/2026 | 3.44% |
| CP NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 2.71% |
| CD - HDFC BANK - 04/12/2026 | 2.34% |
| CP NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 2.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Liquid | UTI - Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 99.0% | 95.3% |
| Cash and others | 1.0% | 4.7% |
SBI Liquid vs UTI - Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Liquid Fund | UTI - Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.15% |
| Base expense ratio (Direct) | 0.17% | 0.13% |
| Total expense ratio (Regular) | 0.32% | 0.25% |
| Base expense ratio (Regular) | 0.27% | 0.21% |
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 SBI Liquid with
SBI Liquid Fund vs UTI - Liquid Fund: Frequently Asked Questions
What is the difference between SBI Liquid Fund and UTI - Liquid Fund?
Both are Liquid funds, run by SBI Mutual Fund and UTI Mutual Fund. Their portfolios overlap 8.2%. SBI Liquid Fund charges 0.20% a year and UTI - Liquid Fund 0.15%.
Which has given higher returns, SBI Liquid Fund or UTI - Liquid Fund?
Over 1 year: SBI Liquid Fund +6.45%, UTI - Liquid Fund +6.50%. Over 3 years: SBI Liquid Fund +6.86% a year, UTI - Liquid Fund +6.92% a year. Over 5 years: SBI Liquid Fund +6.38% a year, UTI - Liquid Fund +6.43% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Liquid Fund or UTI - Liquid Fund?
UTI - Liquid Fund charges less: 0.15% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Liquid Fund and UTI - Liquid Fund overlap?
8.2%. They hold 13 of the same securities, the largest shared ones being Bank of India, HDFC Bank Ltd., HDFC Bank Ltd.. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Liquid Fund or UTI - Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,24,101 in SBI Liquid Fund (XIRR 6.7% a year) and ₹7,25,158 in UTI - Liquid Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Liquid Fund and UTI - Liquid Fund?
Yes. 8.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.