HSBC Liquid Fund

LiquidDirect and Regular plans, IDCW and Growth options

Data as on 30-10-2026

HSBC Liquid Fund is a Liquid fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹23,038 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. Its benchmark, NIFTY Liquid Index A-I, returned 6.9% a year over the same 3 years.

NAV (Direct plan): ₹2,850.76; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹4,070.08; ▲ 0.02%30-10-2026
Expense ratio: 0.13%Direct0.22%Regular; 0.13%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 6.9%Direct6.8%Regular; 6.9%; A year

HSBC Liquid Fund NAV Today

NAV on 30-10-2026: Direct Plan ₹2,850.76 (up 0.02% that day); Regular Plan Growth ₹4,070.08 (up 0.02% that day).

This fund (Regular plan)

₹4,070.0785

HSBC Liquid Fund Returns vs NIFTY Liquid Index A-I

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.45%	+1.50%	+3.18%	+6.43%	+6.90%	+6.43%	+6.11%
This fund (Regular)	+0.44%	+1.47%	+3.13%	+6.33%	+6.80%	+6.15%	+5.49%
NIFTY Liquid Index A-I	+0.51%	+1.57%	+3.42%	+6.44%	+6.90%	+6.36%	--
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	21/42	18/42	23/40	16/36	9/34	12/28

Category rows compare the Direct plans of 44 Liquid funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

HSBC Liquid Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.38%	+5.30%
2025	+6.60%	+6.50%
2024	+7.45%	+7.34%
2023	+7.14%	+7.04%
2022	+4.92%	+4.10%
2021	+3.35%	+2.43%

HSBC Liquid Fund Rolling Returns

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 3,473 periods, one for each trading day from 30-12-2015 to 30-10-2026.

0%2%4%6%8%10%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

HSBC Liquid Fund (Regular)Category average, 42 Liquid funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	4,074	6.5%	2.3%	8.8%	0%	6.8%	28%
2 years	3,774	6.3%	2.5%	8.3%	0%	6.8%	22%
3 years	3,473	6.2%	3.1%	7.9%	0%	6.7%	15%
5 years	2,871	5.2%	4.4%	7.2%	0%	5.6%	0%
7 years	2,265	5.2%	4.9%	6.9%	0%	5.6%	0%
10 years	1,353	5.6%	5.5%	5.8%	0%	6.2%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	155	6.5%	2.3%	8.6%	0%	6.8%	26%
2 years	143	6.3%	2.5%	8.2%	0%	6.8%	22%
3 years	131	6.2%	2.8%	7.8%	0%	6.6%	19%
5 years	107	5.7%	3.6%	6.8%	0%	6.1%	8%
7 years	83	5.2%	4.2%	6.5%	0%	5.7%	0%
10 years	47	5.3%	4.9%	5.7%	0%	5.8%	0%

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 42 Liquid funds (Regular plans, each weighted the same) over the same days. Past returns do not promise future returns.

HSBC Liquid Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HSBC Liquid Fund (Regular)This fund	Category average
Return (CAGR)	+6.33%	+6.23%
Standard deviation	0.20%	0.18%
Sharpe ratio	5.58	5.47
Sortino ratio	15.19	14.63
Maximum drawdown	−0.01% (22-10-2026)	−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	HSBC Liquid Fund (Regular)This fund	Category average
Return (CAGR)	+6.80%	+6.68%
Standard deviation	0.15%	0.14%
Sharpe ratio	5.24	4.74
Sortino ratio	14.28	12.39
Maximum drawdown	−0.01% (22-10-2026)	−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	HSBC Liquid Fund (Regular)This fund	Category average
Return (CAGR)	+6.15%	+6.20%
Standard deviation	0.16%	0.13%
Sharpe ratio	2.21	2.98
Sortino ratio	4.43	5.94
Maximum drawdown	−0.03% (05-05-2022)	−0.03% (05-05-2022)

From daily NAVs, 29-10-2021 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	HSBC Liquid Fund (Regular)This fund	Category average
Return (CAGR)	+5.49%	+5.87%
Standard deviation	0.19%	0.16%
Sharpe ratio	0.45	2.94
Sortino ratio	0.80	5.66
Maximum drawdown	−0.29% (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	HSBC Liquid Fund (Regular)This fund	Category average
Return (CAGR)	+6.08%	+6.60%
Standard deviation	0.21%	0.28%
Sharpe ratio	0.16	1.96
Sortino ratio	0.27	3.19
Maximum drawdown	−0.29% (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.

−0.4%−0.3%−0.2%−0.1%0%

2013201520172019202120232025

HSBC Liquid Fund (Regular)Category average, 42 Liquid funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Liquid Fund (Regular)	−0.29%	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 Regular plan's daily NAV since 30-12-2012, adjusted for unit splits, and the average of the 42 Liquid funds (Regular 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.

HSBC Liquid Fund vs Other Liquid Funds

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
HSBC Liquid Fund	16/36	23,038	0.13%	+6.43%	+6.90%	--	--	5.94	16.66

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.

HSBC Liquid Fund Expense Ratio and Costs

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	0.11%	0.00%	0.00%	0.02%	0.13%	0.14%	17/43
Regular	0.19%	0.00%	0.00%	0.03%	0.22%	0.25%	12/43

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	6.33%	6.43%	0.10%	₹1,06,330	₹1,06,430
3 years	6.80%	6.90%	0.10% a year	₹1,21,819	₹1,22,161
5 years	6.15%	6.43%	0.28% a year	₹1,34,772	₹1,36,559
10 years	5.49%	6.11%	0.62% a year	₹1,70,653	₹1,80,952

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.

HSBC Liquid Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 30-12-2012 to 30-10-2026: 167 instalments, ₹16,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Regular planHSBC Liquid Fund (Regular)	₹16,70,000	₹25,31,809	₹8,61,809	5.7%
Category averageCategory average, 42 Liquid funds	₹16,70,000	₹25,99,591	₹9,29,591	6.1%

₹0₹10.0 L₹20.0 L₹30.0 L

2013201520172019202120232025

Regular planHSBC Liquid Fund (Regular)Category averageCategory average, 42 Liquid fundsAmount 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.

HSBC Liquid Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

108.6%Debt

Asset	Fund	Category
Debt	108.6%	97.0%
Cash and others	−8.6%	6.5%

Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 42 Liquid funds.

Rating	Fund	Category
Sovereign	20.3%	15.2%
AAA and A1+	88.3%	81.1%

HSBC Liquid Fund Portfolio Holdings

As on 30-09-2026 · 105 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
91 Days Treasury Bill 27-Nov-2026 · Government security	SOVEREIGN	4.30%
91 Days Treasury Bill 29-Oct-2026 · Government security	SOVEREIGN	4.00%
NTPC Limited · Commercial paper	CRISIL A1+	3.90%
HDFC Bank Limited · Certificate of deposit	CARE A1+	3.43%
91 Days Treasury Bill 24-Dec-2026 · Government security	SOVEREIGN	2.79%
91 Days Treasury Bill 03-Dec-2026 · Government security	SOVEREIGN	2.54%
SIDBI · Certificate of deposit	CARE A1+	2.25%
Power Finance Corporation Limited · Commercial paper	CRISIL A1+	2.19%
Bank of Baroda · Certificate of deposit	IND A1+	2.16%
Hindustan Petroleum Corporation Limited · Commercial paper	CRISIL A1+	2.16%
Titan Company Limited · Commercial paper	CARE A1+	2.16%
182 Days Treasury Bill 27-Nov-2026 · Government security	SOVEREIGN	2.15%
Bank of India · Certificate of deposit	CARE A1+	2.15%
SIDBI · Commercial paper	CRISIL A1+	2.14%
ICICI Securities Limited · Commercial paper	CRISIL A1+	1.94%
Tata Capital Ltd · Commercial paper	CRISIL A1+	1.71%
Bharat Petroleum Corporation Limited · Commercial paper	CRISIL A1+	1.62%
182Days TBILL 15-Oct-2026 · Treasury bill	SOVEREIGN	1.52%
EXIM Bank · Certificate of deposit	CRISIL A1+	1.40%
HDFC Bank Limited · Certificate of deposit	CARE A1+	1.30%
Reliance Industries Limited · Commercial paper	CRISIL A1+	1.29%
REC Limited · Commercial paper	CRISIL A1+	1.29%
Bank of Baroda · Certificate of deposit	IND A1+	1.29%
LIC Housing Finance Limited · Commercial paper	CRISIL A1+	1.29%
Power Finance Corporation Limited · Commercial paper	CRISIL A1+	1.29%
NABARD · Commercial paper	ICRA A1+	1.29%
NABARD · Commercial paper	ICRA A1+	1.29%
Titan Company Limited · Commercial paper	CARE A1+	1.29%
Canara Bank · Certificate of deposit	ICRA A1+	1.29%
Canara Bank · Certificate of deposit	ICRA A1+	1.29%
ICICI Securities Limited · Commercial paper	CRISIL A1+	1.29%
Reliance Retail Ventures Ltd · Commercial paper	CRISIL A1+	1.29%
Canara Bank · Certificate of deposit	CRISIL A1+	1.28%
SIDBI · Commercial paper	CRISIL A1+	1.28%
Bank of Baroda · Certificate of deposit	IND A1+	1.08%
Hindustan Petroleum Corporation Limited · Commercial paper	CRISIL A1+	1.08%
Indian Bank · Certificate of deposit	CRISIL A1+	1.08%
ICICI Securities Limited · Commercial paper	CRISIL A1+	1.08%
SIDBI · Certificate of deposit	CRISIL A1+	0.97%
91 Days Treasury Bill 22-Oct-2026 · Government security	SOVEREIGN	0.87%
91 Days Treasury Bill 12-Nov-2026 · Government security	SOVEREIGN	0.86%
Kotak Securities Ltd. · Commercial paper	CRISIL A1+	0.86%
HDFC Bank Limited · Certificate of deposit	CRISIL A1+	0.86%
SBI Cap Securities Ltd. · Commercial paper	ICRA A1+	0.86%
Titan Company Limited · Commercial paper	CARE A1+	0.86%
Bajaj Finance Limited · Commercial paper	CRISIL A1+	0.86%
Canara Bank · Certificate of deposit	CRISIL A1+	0.86%
EXIM Bank · Commercial paper	CRISIL A1+	0.86%
SIDBI · Commercial paper	CRISIL A1+	0.86%
SRF Limited · Commercial paper	CRISIL A1+	0.86%
Network 18 Media & Investments Ltd · Commercial paper	CARE A1+	0.86%
Network 18 Media & Investments Ltd · Commercial paper	CARE A1+	0.86%
Reliance Retail Ventures Ltd · Commercial paper	CRISIL A1+	0.86%
Sikka Ports & Terminals Limited · Commercial paper	CRISIL A1+	0.86%
MUTHOOT FINCORP LTD · Commercial paper	CRISIL A1+	0.85%
HDFC Bank Limited · Certificate of deposit	CARE A1+	0.75%
Canara Bank · Certificate of deposit	CRISIL A1+	0.75%
Bajaj Financial Securities Ltd · Commercial paper	CRISIL A1+	0.65%
Kotak Securities Ltd. · Commercial paper	CRISIL A1+	0.65%
HDFC Securities Limited · Commercial paper	ICRA A1+	0.65%
182 Days Treasury Bill 17-Dec-2026 · Government security	SOVEREIGN	0.64%
Kotak Securities Ltd. · Commercial paper	CRISIL A1+	0.64%
Kotak Securities Ltd. · Commercial paper	CRISIL A1+	0.64%
Bharat Petroleum Corporation Limited · Commercial paper	CRISIL A1+	0.64%
Hindustan Petroleum Corporation Limited · Commercial paper	CRISIL A1+	0.64%
Birla Group Holdings Private Ltd · Commercial paper	CRISIL A1+	0.64%
Sharekhan Limited · Commercial paper	CRISIL A1+	0.64%
Motilal Oswal Financial Services Limited · Commercial paper	ICRA A1+	0.64%
Motilal Oswal Financial Services Limited · Commercial paper	ICRA A1+	0.64%
Aditya Birla Capital Limited · Commercial paper	IND A1+	0.64%
Union Bank of India · Certificate of deposit	ICRA A1+	0.64%
HDFC Securities Limited · Commercial paper	ICRA A1+	0.64%
Julius Baer Cap Ind Pvt Limited · Commercial paper	CRISIL A1+	0.64%
Julius Baer Cap Ind Pvt Limited · Commercial paper	ICRA A1+	0.64%
91 Days Treasury Bill 17-Dec-2026 · Government security	SOVEREIGN	0.43%
Bajaj Financial Securities Ltd · Commercial paper	CRISIL A1+	0.43%
Bank of Baroda · Certificate of deposit	CARE A1+	0.43%
Bank of Baroda · Certificate of deposit	CRISIL A1+	0.43%
Bank of Baroda · Certificate of deposit	CARE A1+	0.43%
Hindustan Petroleum Corporation Limited · Commercial paper	CRISIL A1+	0.43%
Birla Group Holdings Private Ltd · Commercial paper	CRISIL A1+	0.43%
Birla Group Holdings Private Ltd · Commercial paper	CRISIL A1+	0.43%
Mirae Asset Cap Mkts (India) Pvt Ltd · Commercial paper	CRISIL A1+	0.43%
Tata Communications Limited · Commercial paper	CRISIL A1+	0.43%
SBI Cap Securities Ltd. · Commercial paper	ICRA A1+	0.43%
Indian Oil Corporation Limited · Commercial paper	ICRA A1+	0.43%
360 ONE Prime Limited · Commercial paper	CRISIL A1+	0.43%
360 ONE WAM LIMITED · Commercial paper	CARE A1+	0.43%
EXIM Bank · Commercial paper	CRISIL A1+	0.43%
MUTHOOT FINCORP LTD · Commercial paper	CRISIL A1+	0.43%
Dalmia Cement (Bharat) Ltd · Commercial paper	CRISIL A1+	0.43%
Godrej Agrovet Limited · Commercial paper	CRISIL A1+	0.43%
Network 18 Media & Investments Ltd · Commercial paper	CARE A1+	0.43%
Godrej Industries Ltd · Commercial paper	CRISIL A1+	0.32%
Godrej Industries Ltd · Commercial paper	ICRA A1+	0.32%
Godrej Industries Ltd	CRISIL A1+	0.32%
Godrej Industries Ltd	CRISIL A1+	0.32%
Axis Bank Limited	CRISIL A1+	0.32%
Pilani Inv and Ind Corp Ltd · Commercial paper	CRISIL A1+	0.32%
Godrej Agrovet Limited · Commercial paper	CRISIL A1+	0.32%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)	AIF	0.24%
364 Days Treasury Bill 19-Nov-2026 · Government security	SOVEREIGN	0.22%
Axis Bank Limited	CRISIL A1+	0.21%
Dalmia Cement (Bharat) Ltd · Commercial paper	CRISIL A1+	0.21%
Dalmia Cement (Bharat) Ltd · Commercial paper	CRISIL A1+	0.21%

HSBC Liquid Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Mirae Asset Liquid FundLiquid · Mirae Asset	29.0%	31	Compare
Tata Liquid FundLiquid · Tata	23.3%	22	Compare
JioBlackRock Liquid FundLiquid · Jio BlackRock	21.9%	16	Compare
Invesco India Liquid FundLiquid · Invesco	21.9%	29	Compare
Union Liquid FundLiquid · Union	20.4%	18	Compare
LIC MF Liquid FundLiquid · LIC	19.8%	13	Compare
HDFC Liquid FundLiquid · HDFC	19.6%	28	Compare
ICICI Prudential Liquid FundLiquid · ICICI Prudential	19.4%	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.

HSBC Liquid Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.13%
Expense ratio (Regular): 0.22%
Category: Liquid
Risk: Low to Moderate
Benchmark: NIFTY Liquid Index A-I
Launch date: 04-12-2002
Minimum additional investment: ₹1,000
AUM: ₹23,038.43 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 120038
ISIN (Direct): INF336L01CC8
Scheme code (Regular): 118907
ISIN (Regular): INF336L01BL1
NAV history: From 30-12-2012, 13.8 years

Minimum investment: For Growth Option : Rs. 5000; For Daily & Weekly IDCW Payout & Reinvestment Plan: Rs. 100000
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.

Tax on HSBC Liquid Fund returns

HSBC Liquid Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct		₹2,850.7627	30-10-2026
direct	Daily IDCW	₹1,001.576	30-10-2026
direct	Monthly IDCW	₹1,038.7467	30-10-2026
direct	Weekly IDCW	₹1,195.8693	30-10-2026
regular	Growth	₹4,070.0785	30-10-2026
regular	Growth	₹2,820.9499	30-10-2026
regular	IDCW	₹1,019.30	30-10-2026
regular	Institutional Daily IDCW	₹1,562.8262	30-10-2026
regular	Daily IDCW	₹1,001.3789	30-10-2026
regular	Monthly IDCW	₹1,003.1222	30-10-2026
regular	Weekly IDCW	₹1,108.1189	30-10-2026
regular	Weekly IDCW	₹1,001.8952	30-10-2026

About HSBC Liquid Fund

HSBC Liquid Fund is a mutual fund from HSBC Mutual Fund. Its category is Liquid. It was launched on 04-12-2002. Its benchmark is NIFTY Liquid Index A-I. At the end of September 2026 it held 105 securities.

Fund Manager

Abhishek Iyer
Fund manager of HSBC Liquid Fund, since 01-04-2025
Rahul Totla
Fund manager of HSBC Liquid Fund, since 01-01-2026

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹23,038.43 Cr; +9.84% from August 2026
August 2026: ₹20,974.67 Cr; +4.63% from July 2026
July 2026: ₹20,046.54 Cr; +1.95% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare HSBC Liquid Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

HSBC Liquid vs Aditya Birla Sun Life LiquidLiquid
HSBC Liquid vs Axis LiquidLiquid
HSBC Liquid vs Edelweiss LiquidLiquid
HSBC Liquid vs Franklin India LiquidLiquid
HSBC Liquid vs Sundaram LiquidLiquid
HSBC Liquid vs Mirae Asset Liquid29.0% overlap
HSBC Liquid vs Tata Liquid23.3% overlap
HSBC Liquid vs JioBlackRock Liquid21.9% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Liquid Fund

What is the current NAV of HSBC Liquid Fund?

The Direct plan NAV is ₹2,850.7627. The Regular plan NAV is ₹4,070.0785, as on 30-10-2026.

What are the returns of HSBC Liquid Fund?

The Direct plan returned +6.43% in 1 year, +6.90% a year over 3 years, +6.43% a year over 5 years. The Regular plan returned +6.33% in 1 year, +6.80% a year over 3 years, +6.15% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Liquid Fund?

The Direct plan charges 0.13% a year. The Regular plan charges 0.22% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Liquid Fund?

HSBC Liquid Fund managed ₹23,038.43 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Liquid Fund?

At the end of September 2026 the largest holdings were 91 Days Treasury Bill 27-Nov-2026 (4.30%), 91 Days Treasury Bill 29-Oct-2026 (4.00%), NTPC Limited (3.90%), HDFC Bank Limited (3.43%), 91 Days Treasury Bill 24-Dec-2026 (2.79%). The fund held 105 securities in all.

How do I invest in HSBC Liquid Fund?

Through HSBC 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 For Growth Option : Rs. 5000; For Daily & Weekly IDCW Payout & Reinvestment Plan: Rs. 100000. You can invest once or through a monthly SIP.

Who is the fund manager of HSBC Liquid Fund?

Abhishek Iyer (since 01-04-2025), Rahul Totla (since 01-01-2026).

What is the exit load of HSBC Liquid Fund?

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.