HDFC Liquid Fund is a Liquid fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹66,295 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.9% a year and its Regular plan returned 6.8% a year.
NAV on 30-10-2026: Direct Plan Growth ₹5,618.35 (up 0.02% that day); Regular Plan Growth ₹5,551.39 (up 0.02% that day).
This fund split each unit into 0.01 on 30-08-2015 (SSD record). NAVs before that day are shown divided by 0.01, so the line and the returns are not broken by the split.
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | +0.45% | +1.51% | +3.16% | +6.45% | +6.88% | +6.39% | +6.06% |
| This fund (Regular) | +0.44% | +1.48% | +3.11% | +6.35% | +6.79% | +6.29% | +5.95% |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | +5.85% |
| Best in Liquid | +0.48% | +1.54% | +3.26% | +6.54% | +6.96% | +6.47% | +6.32% |
| Worst in Liquid | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Rank in Liquid | 14/43 | 14/42 | 24/42 | 19/40 | 22/36 | 21/34 | 20/28 |
Category rows compare the Direct plans of 44 Liquid funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Liquid Debt A-I Index. Returns of that index are not available to us, so the category average is the comparison.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +5.38% | +5.30% |
| 2025 | +6.59% | +6.50% |
| 2024 | +7.40% | +7.33% |
| 2023 | +7.06% | +6.95% |
| 2022 | +4.87% | +4.77% |
| 2021 | +3.32% | +3.21% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 3,706 periods, one for each trading day from 31-12-2015 to 30-10-2026.
HDFC Liquid Fund (Direct)
Category average, 43 Liquid funds
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 4,308 | 6.9% | 3.2% | 9.8% | 0% | 6.7% | 100% |
| 2 years | 4,007 | 6.9% | 3.4% | 9.3% | 0% | 6.7% | 100% |
| 3 years | 3,706 | 6.8% | 4.0% | 9.0% | 0% | 6.5% | 100% |
| 5 years | 3,105 | 5.8% | 5.2% | 8.2% | 0% | 5.6% | 100% |
| 7 years | 2,491 | 5.8% | 5.7% | 7.9% | 0% | 5.6% | 100% |
| 10 years | 1,395 | 6.4% | 6.1% | 6.7% | 0% | 6.1% | 100% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 155 | 7.0% | 3.2% | 9.7% | 0% | 6.8% | 100% |
| 2 years | 143 | 6.9% | 3.4% | 9.3% | 0% | 6.7% | 100% |
| 3 years | 131 | 6.8% | 3.7% | 8.8% | 0% | 6.6% | 100% |
| 5 years | 107 | 6.3% | 4.5% | 7.8% | 0% | 6.0% | 100% |
| 7 years | 83 | 5.8% | 5.1% | 7.4% | 0% | 5.6% | 100% |
| 10 years | 47 | 5.9% | 5.8% | 6.1% | 0% | 5.8% | 100% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 43 Liquid funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | HDFC Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.45% | +6.22% |
| Standard deviation | 0.20% | 0.18% |
| Sharpe ratio | 6.01 | 5.54 |
| Sortino ratio | 18.44 | 14.81 |
| Maximum drawdown | −0.01% (07-07-2026) | −0.01% (22-10-2026) |
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.
| Measure | HDFC Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.88% | +6.66% |
| Standard deviation | 0.15% | 0.14% |
| Sharpe ratio | 5.57 | 4.68 |
| Sortino ratio | 17.07 | 12.26 |
| Maximum drawdown | −0.01% (07-07-2026) | −0.01% (22-10-2026) |
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.
| Measure | HDFC Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.39% | +6.19% |
| Standard deviation | 0.14% | 0.13% |
| Sharpe ratio | 4.09 | 2.95 |
| Sortino ratio | 9.12 | 5.88 |
| Maximum drawdown | −0.04% (05-05-2022) | −0.03% (05-05-2022) |
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.
| Measure | HDFC Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.06% | +5.85% |
| Standard deviation | 0.19% | 0.15% |
| Sharpe ratio | 3.49 | 2.92 |
| Sortino ratio | 7.81 | 5.60 |
| Maximum drawdown | −0.18% (24-03-2020) | −0.12% (24-03-2020) |
From daily NAVs, 28-10-2016 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.
| Measure | HDFC Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.79% | +6.51% |
| Standard deviation | 0.22% | 0.25% |
| Sharpe ratio | 3.31 | 1.81 |
| Sortino ratio | 7.19 | 2.69 |
| Maximum drawdown | −0.18% (24-03-2020) | −0.34% (07-01-2013) |
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.
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.
HDFC Liquid Fund (Direct)
Category average, 43 Liquid funds
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| HDFC Liquid Fund (Direct) | −0.18% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Category average | −0.34% | 06-01-2013 | 07-01-2013 | 11-01-2013 | 4 days | 0.0% |
From the Direct plan's daily NAV since 31-12-2012, adjusted for unit splits, and the average of the 43 Liquid funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
The five Liquid funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund | 1/36 | 61,167 | 0.21% | +6.52% | +6.96% | -- | -- | 6.22 | 17.25 | Compare |
| Axis Liquid Fund | 1/36 | 53,470 | 0.13% | +6.54% | +6.96% | -- | -- | 6.39 | 19.90 | Compare |
| Edelweiss Liquid Fund | 1/36 | 11,741 | 0.10% | +6.50% | +6.96% | -- | -- | 6.45 | 18.56 | Compare |
| Franklin India Liquid Fund | 4/36 | 4,811 | 0.14% | +6.52% | +6.95% | -- | -- | 6.51 | 21.25 | Compare |
| Sundaram Liquid Fund | 4/36 | 6,727 | 0.14% | +6.53% | +6.95% | -- | -- | 6.03 | 18.56 | Compare |
| HDFC Liquid Fund | 22/36 | 66,295 | 0.20% | +6.45% | +6.88% | -- | -- | 5.57 | 17.07 |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 01-09-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Liquid median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.17% | 0.00% | 0.00% | 0.03% | 0.20% | 0.14% | 34/43 |
| Regular | 0.25% | 0.00% | 0.00% | 0.05% | 0.30% | 0.25% | 31/43 |
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Liquid funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
| Over the last | Regular | Direct | Direct earned more by | ₹1 lakh became (Regular) | ₹1 lakh became (Direct) |
|---|---|---|---|---|---|
| 1 year | 6.35% | 6.45% | 0.10% | ₹1,06,350 | ₹1,06,450 |
| 3 years | 6.79% | 6.88% | 0.09% a year | ₹1,21,784 | ₹1,22,093 |
| 5 years | 6.29% | 6.39% | 0.10% a year | ₹1,35,663 | ₹1,36,303 |
| 10 years | 5.95% | 6.06% | 0.11% a year | ₹1,78,242 | ₹1,80,101 |
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
What a one-time or monthly investment in this fund would be worth today, from its 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 |
|---|---|---|---|---|
| Direct planHDFC Liquid Fund (Direct) | ₹16,60,000 | ₹26,11,876 | ₹9,51,876 | 6.3% |
| Regular planHDFC Liquid Fund (Regular) | ₹16,60,000 | ₹25,93,040 | ₹9,33,040 | 6.2% |
| Category averageCategory average, 43 Liquid funds | ₹16,60,000 | ₹25,70,208 | ₹9,10,208 | 6.1% |
Direct planHDFC Liquid Fund (Direct)
Regular planHDFC Liquid Fund (Regular)
Category averageCategory average, 43 Liquid funds
Amount invested
From each plan's published NAV (Growth option) and the category average, 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.
Asset allocation as on 30-09-2026
106.5%Debt
| Asset | Fund | Category |
|---|---|---|
| Debt | 106.5% | 97.0% |
| Cash and others | −6.5% | 6.5% |
Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.
Bonds and money market papers by credit rating, % of the fund. Category: the average of 42 Liquid funds.
| Rating | Fund | Category |
|---|---|---|
| Sovereign | 19.3% | 15.2% |
| AAA and A1+ | 87.1% | 81.1% |
As on 30-09-2026 · 140 holdings · from the fund house's monthly portfolio
| Holdings | Rating | Weight% |
|---|---|---|
| 91 Days TBILL MAT 171226 · Treasury bill | Sovereign | 4.25% |
| Union Bank of India · Certificate of deposit | IND - A1+ | 3.75% |
| 91 Days TBILL MAT 031226 · Treasury bill | Sovereign | 3.73% |
| Union Bank of India · Certificate of deposit | ICRA - A1+ | 2.99% |
| Reliance Retail ventures Ltd. · Commercial paper | CRISIL - A1+ | 2.98% |
| Small Industries Development Bank · Commercial paper | CRISIL - A1+ | 2.69% |
| 91 Days TBill Mat 151026 · Treasury bill | Sovereign | 2.41% |
| Union Bank of India · Certificate of deposit | ICRA - A1+ | 2.26% |
| The Federal Bank Ltd. · Certificate of deposit | CRISIL - A1+ | 2.25% |
| Export - Import Bank of India · Commercial paper | CRISIL - A1+ | 2.24% |
| 91 Days TBILL MAT 241226 · Treasury bill | Sovereign | 2.23% |
| Bank of India · Certificate of deposit | CARE - A1+ | 2.23% |
| Bank of Baroda · Certificate of deposit | CARE - A1+ | 2.22% |
| National Bank for Agri & Rural Dev. · Commercial paper | ICRA - A1+ | 1.87% |
| Small Industries Development Bank · Commercial paper | CARE - A1+ | 1.64% |
| 91 Days TBill Mat 221026 · Treasury bill | Sovereign | 1.50% |
| Yes Bank Ltd. · Certificate of deposit | CARE - A1+ | 1.50% |
| Small Industries Development Bank · Commercial paper | CRISIL - A1+ | 1.50% |
| Reliance Industries Ltd. · Commercial paper | CRISIL - A1+ | 1.49% |
| Bank of India · Certificate of deposit | CRISIL - A1+ | 1.49% |
| National Bank for Agri & Rural Dev. · Commercial paper | ICRA - A1+ | 1.49% |
| NTPC Limited · Commercial paper | CRISIL - A1+ | 1.49% |
| Bank of Baroda · Certificate of deposit | IND - A1+ | 1.35% |
| Aditya Birla Capital ltd. · Commercial paper | ICRA - A1+ | 1.34% |
| Titan Company Ltd. · Commercial paper | CARE - A1+ | 1.23% |
| Godrej Consumer Products Ltd. · Commercial paper | CRISIL - A1+ | 1.20% |
| ICICI Securities Ltd · Commercial paper | CRISIL - A1+ | 1.19% |
| ICICI Securities Ltd · Commercial paper | CRISIL - A1+ | 1.16% |
| L&T Finance Ltd. · Commercial paper | CRISIL - A1+ | 1.13% |
| L&T Finance Ltd. · Commercial paper | CRISIL - A1+ | 1.12% |
| Yes Bank Ltd. · Certificate of deposit | CARE - A1+ | 1.12% |
| ICICI Securities Ltd · Commercial paper | CRISIL - A1+ | 1.12% |
| 182 Days TBILL MAT 19112026 · Treasury bill | Sovereign | 1.08% |
| 182 Days TBILL MAT 221026 · Treasury bill | Sovereign | 1.06% |
| REC Limited. · Bond | CRISIL - AAA | 1.03% |
| REC Limited. · Commercial paper | CARE - A1+ | 0.98% |
| 182 Days TBILL MAT 171226 · Treasury bill | Sovereign | 0.95% |
| Kotak Securities Ltd. · Commercial paper | CRISIL - A1+ | 0.90% |
| Kotak Securities Ltd. · Commercial paper | CRISIL - A1+ | 0.89% |
| Poonawalla Fincorp Ltd · Commercial paper | CRISIL - A1+ | 0.83% |
| Titan Company Ltd. · Commercial paper | CARE - A1+ | 0.82% |
| Bank of Baroda · Certificate of deposit | CARE - A1+ | 0.75% |
| Kotak Securities Ltd. · Commercial paper | CRISIL - A1+ | 0.75% |
| National Bank for Agri & Rural Dev. · Certificate of deposit | ICRA - A1+ | 0.75% |
| Titan Company Ltd. · Commercial paper | CARE - A1+ | 0.75% |
| Canara Bank · Certificate of deposit | ICRA - A1+ | 0.75% |
| Poonawalla Fincorp Ltd · Commercial paper | CRISIL - A1+ | 0.75% |
| Reliance Retail ventures Ltd. · Commercial paper | CRISIL - A1+ | 0.75% |
| Reliance Retail ventures Ltd. · Commercial paper | CRISIL - A1+ | 0.75% |
| Kotak Securities Ltd. · Commercial paper | CRISIL - A1+ | 0.74% |
| Kotak Securities Ltd. · Commercial paper | CRISIL - A1+ | 0.74% |
| Bajaj Auto Credit Limited · Commercial paper | CRISIL - A1+ | 0.74% |
| Reliance Retail ventures Ltd. · Commercial paper | CRISIL - A1+ | 0.74% |
| Power Finance Corporation Ltd. · Commercial paper | CRISIL - A1+ | 0.67% |
| Small Industries Development Bank · Certificate of deposit | CRISIL - A1+ | 0.67% |
| Indian Railways Finance Corp. Ltd. · Bond | CRISIL - AAA | 0.63% |
| Bajaj Financial Securities Limited · Commercial paper | CRISIL - A1+ | 0.60% |
| Bajaj Financial Securities Limited · Commercial paper | CRISIL - A1+ | 0.60% |
| ICICI Home Finance Ltd · Commercial paper | CARE - A1+ | 0.60% |
| Bank of India · Certificate of deposit | CRISIL - A1+ | 0.60% |
| IDFC First Bank Limited · Certificate of deposit | CRISIL - A1+ | 0.60% |
| Sharekhan Limited · Commercial paper | CRISIL - A1+ | 0.60% |
| Aditya Birla Capital ltd. · Commercial paper | ICRA - A1+ | 0.60% |
| Birla Group Holdings Pvt. Ltd. · Commercial paper | CRISIL - A1+ | 0.56% |
| TATA Capital Housing Finance Ltd. · Commercial paper | CRISIL - A1+ | 0.52% |
| Indusind Bank Ltd. · Certificate of deposit | CRISIL - A1+ | 0.52% |
| Godrej Consumer Products Ltd. · Commercial paper | CRISIL - A1+ | 0.52% |
| Tata Communications Limited · Commercial paper | CRISIL - A1+ | 0.52% |
| 364 Days Tbill Mat 251226 · Treasury bill | Sovereign | 0.51% |
| National Bank for Agri & Rural Dev. · Commercial paper | ICRA - A1+ | 0.48% |
| Avenue Supermarts Ltd. · Commercial paper | ICRA - A1+ | 0.45% |
| SBICap Securities Limited · Commercial paper | CRISIL - A1+ | 0.45% |
| Export - Import Bank of India · Commercial paper | CRISIL - A1+ | 0.45% |
| Punjab & Sind Bank · Certificate of deposit | ICRA - A1+ | 0.45% |
| Bank of Baroda · Certificate of deposit | IND - A1+ | 0.41% |
| LIC Housing Finance Ltd. · Commercial paper | CRISIL - A1+ | 0.41% |
| 91 Days TBILL MAT 101226 · Treasury bill | Sovereign | 0.40% |
| Canara Bank · Certificate of deposit | CRISIL - A1+ | 0.39% |
| Aditya Birla Capital ltd. · Commercial paper | ICRA - A1+ | 0.38% |
| NTPC Limited · Commercial paper | CRISIL - A1+ | 0.38% |
| Julius Baer Capital (India) Pvt. Ltd. · Commercial paper | CRISIL - A1+ | 0.38% |
| Bharat Petroleum Corporation Ltd. · Commercial paper | CRISIL - A1+ | 0.37% |
| Hindustan Petroleum Corp. Ltd. · Commercial paper | CRISIL - A1+ | 0.37% |
| National Bank for Agri & Rural Dev. · Commercial paper | ICRA - A1+ | 0.37% |
| Bajaj Finance Ltd. · Commercial paper | CRISIL - A1+ | 0.37% |
| DSP Finance Private Limited · Commercial paper | ICRA - A1+ | 0.37% |
| Punjab & Sind Bank · Certificate of deposit | ICRA - A1+ | 0.37% |
| Julius Baer Capital (India) Pvt. Ltd. · Commercial paper | CRISIL - A1+ | 0.37% |
| Aarti Industries Ltd. · Commercial paper | CRISIL - A1+ | 0.33% |
| 91 Days TBILL MAT 081026 · Treasury bill | Sovereign | 0.30% |
| 91 Days TBILL MAT 291026 · Treasury bill | Sovereign | 0.30% |
| Kotak Securities Ltd. · Commercial paper | CRISIL - A1+ | 0.30% |
| Indian Railways Finance Corp. Ltd. · Bond | CRISIL - AAA | 0.30% |
| Nirma Ltd. · Commercial paper | CRISIL - A1+ | 0.30% |
| Sharekhan Limited · Commercial paper | CRISIL - A1+ | 0.30% |
| SBICap Securities Limited · Commercial paper | CRISIL - A1+ | 0.30% |
| DSP Finance Private Limited · Commercial paper | ICRA - A1+ | 0.30% |
| Small Industries Development Bank · Certificate of deposit | CARE - A1+ | 0.30% |
| ICICI Securities Ltd · Commercial paper | CRISIL - A1+ | 0.30% |
| Julius Baer Capital (India) Pvt. Ltd. · Commercial paper | CRISIL - A1+ | 0.30% |
| Sikka Port and Terminal Ltd. · Commercial paper | CRISIL - A1+ | 0.30% |
| Corporate Debt Market Development Fund | 0.30% | |
| Bajaj Finance Ltd. · Commercial paper | CRISIL - A1+ | 0.28% |
| Small Industries Development Bank · Commercial paper | CRISIL - A1+ | 0.26% |
| Mindspace Business Parks REIT · Bond | CRISIL - AAA | 0.24% |
| Bajaj Financial Securities Limited · Commercial paper | CRISIL - A1+ | 0.23% |
| AXIS Securities Limited · Commercial paper | CRISIL - A1+ | 0.23% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.23% |
| 364 Days T Bill Mat 101226 · Treasury bill | Sovereign | 0.22% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.22% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.22% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.22% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.22% |
| Aditya Birla Money Limited · Commercial paper | CRISIL - A1+ | 0.22% |
| Aditya Birla Money Limited · Commercial paper | CRISIL - A1+ | 0.22% |
| 91 Days TBILL MAT 051126 · Treasury bill | Sovereign | 0.20% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.19% |
| Godrej Properties Ltd. · Commercial paper | ICRA - A1+ | 0.19% |
| 364 Days Tbill Mat 031226 · Treasury bill | Sovereign | 0.18% |
| Bajaj Financial Securities Limited · Commercial paper | CRISIL - A1+ | 0.15% |
| SBICap Securities Limited · Commercial paper | CRISIL - A1+ | 0.15% |
| Jio Credit Ltd · Commercial paper | CRISIL - A1+ | 0.15% |
| Canara Bank · Certificate of deposit | CRISIL - A1+ | 0.15% |
| Small Industries Development Bank · Certificate of deposit | CARE - A1+ | 0.15% |
| ICICI Securities Ltd · Commercial paper | CRISIL - A1+ | 0.15% |
| Aditya Birla Money Limited · Commercial paper | CRISIL - A1+ | 0.15% |
| Network 18 Media & Investments Limited · Commercial paper | CARE - A1+ | 0.15% |
| Sikka Port and Terminal Ltd. · Commercial paper | CRISIL - A1+ | 0.15% |
| LIC Housing Finance Ltd. · Bond | CRISIL - AAA | 0.11% |
| Canara Bank · Certificate of deposit | CRISIL - A1+ | 0.11% |
| Aarti Industries Ltd. · Commercial paper | CRISIL - A1+ | 0.11% |
| Small Industries Development Bank · Certificate of deposit | CRISIL - A1+ | 0.08% |
| Axis Bank Ltd. | CRISIL - A1+ | 0.07% |
| Small Industries Development Bank · Certificate of deposit | CRISIL - A1+ | 0.07% |
| Aditya Birla Money Limited · Commercial paper | CRISIL - A1+ | 0.07% |
| Infina Finance Pvt. Ltd. · Commercial paper | CRISIL - A1+ | 0.07% |
| REC Limited. · Bond | CRISIL - AAA | 0.04% |
| Small Industries Development Bank · Certificate of deposit | CARE - A1+ | 0.04% |
| Indian Bank · Certificate of deposit | CRISIL - A1+ | 0.04% |
| 364 Days TBILL MAT 291026 · Treasury bill | Sovereign | 0.01% |
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| Mirae Asset Liquid FundLiquid · Mirae Asset | 21.1% | 34 | Compare |
| HSBC Liquid FundLiquid · HSBC | 19.6% | 28 | Compare |
| Nippon India Liquid FundLiquid · Nippon India | 18.8% | 34 | Compare |
| Kotak Liquid FundLiquid · Kotak Mahindra | 18.5% | 27 | Compare |
| ICICI Prudential Liquid FundLiquid · ICICI Prudential | 18.0% | 31 | Compare |
| Axis Liquid FundLiquid · Axis | 17.4% | 30 | Compare |
| Tata Liquid FundLiquid · Tata | 16.2% | 15 | Compare |
| LIC MF Liquid FundLiquid · LIC | 15.0% | 21 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Growth | ₹5,618.3495 | 30-10-2026 |
| direct | IDCW Daily | ₹1,019.82 | 30-10-2026 |
| direct | IDCW Monthly | ₹1,027.1556 | 30-10-2026 |
| direct | IDCW Weekly | ₹1,031.8889 | 30-10-2026 |
| regular | Growth | ₹5,551.3937 | 30-10-2026 |
| regular | IDCW Daily | ₹1,019.82 | 30-10-2026 |
| regular | IDCW Monthly | ₹1,027.1407 | 30-10-2026 |
| regular | IDCW Weekly | ₹1,031.8781 | 30-10-2026 |
HDFC Liquid Fund is a mutual fund from HDFC Mutual Fund. Its category is Liquid. It was launched on 17-10-2000. Its benchmark is CRISIL Liquid Debt A-I Index. At the end of September 2026 it held 140 securities.
Rohan Pillai
Fund manager of HDFC Liquid Fund, since 01-10-2025
Swapnil Jangam
Fund manager of HDFC Liquid Fund, since 06-10-2022
Gopal Agrawal
Fund manager of HDFC Liquid Fund, since 01-09-2026
See all funds of HDFC Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹5,618.3495. The Regular plan NAV is ₹5,551.3937, as on 30-10-2026.
The Direct plan returned +6.45% in 1 year, +6.88% a year over 3 years, +6.39% a year over 5 years. The Regular plan returned +6.35% in 1 year, +6.79% a year over 3 years, +6.29% a year over 5 years. These figures are as on 30-10-2026.
The Direct plan charges 0.20% a year. The Regular plan charges 0.30% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
HDFC Liquid Fund managed ₹66,295.17 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were 91 Days TBILL MAT 171226 (4.25%), Union Bank of India (3.75%), 91 Days TBILL MAT 031226 (3.73%), Union Bank of India (2.99%), Reliance Retail ventures Ltd. (2.98%). The fund held 140 securities in all.
Through HDFC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least Growth Option- Rs.100 Weekly and Monthly IDCW Option - Rs. 5000 Daily IDCW Option- Rs. 10,000. You can invest once or through a monthly SIP.
Rohan Pillai (since 01-10-2025), Swapnil Jangam (since 06-10-2022), Gopal Agrawal (since 01-09-2026).
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.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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