# Liquid funds

Money-market and debt securities maturing within 91 days.

Full page: https://discovermf.com/categories/liquid
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

44 funds managing ₹7.2 lakh cr. Category averages: +6.2% over one year, +6.7% a year over three years; typical expense ratio 0.26%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Bank of India Liquid Fund](https://discovermf.com/funds/bank-of-india-liquid-fund-109254.md) | +6.5% | +6.9% | +6.4% | 0.3% | 0.15% | ₹2,352 cr |
| [Axis Liquid Fund](https://discovermf.com/funds/axis-liquid-fund-112210.md) | +6.4% | +6.9% | +6.4% | 0.2% | 0.23% | ₹53,784 cr |
| [DSP Liquid Fund](https://discovermf.com/funds/dsp-liquid-fund-103347.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.23% | ₹26,894 cr |
| [Groww Liquid Fund](https://discovermf.com/funds/groww-liquid-fund-115991.md) | +6.4% | +6.8% | +6.2% | 0.2% | 0.21% | ₹315 cr |
| [Edelweiss Liquid Fund](https://discovermf.com/funds/edelweiss-liquid-fund-140182.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.19% | ₹17,564 cr |
| [Invesco India Liquid Fund](https://discovermf.com/funds/invesco-india-liquid-fund-104486.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.22% | ₹22,513 cr |
| [Union Liquid Fund](https://discovermf.com/funds/union-liquid-fund-115398.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.17% | ₹6,906 cr |
| [Canara Robeco Liquid Fund](https://discovermf.com/funds/canara-robeco-liquid-fund-109353.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.17% | ₹5,950 cr |
| [Mahindra Manulife Liquid Fund](https://discovermf.com/funds/mahindra-manulife-liquid-fund-139537.md) | +6.4% | +6.8% | +6.4% | 0.3% | 0.26% | ₹1,434 cr |
| [Aditya Birla Sun Life Liquid Fund](https://discovermf.com/funds/aditya-birla-sun-life-liquid-fund-100047.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.35% | ₹64,265 cr |
| [PGIM India Liquid Fund](https://discovermf.com/funds/pgim-india-liquid-fund-138288.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.22% | ₹2,014 cr |
| [UTI Liquid Fund](https://discovermf.com/funds/uti-liquid-fund-102012.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.25% | ₹33,527 cr |
| [HSBC Liquid Fund](https://discovermf.com/funds/hsbc-liquid-fund-118902.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.22% | ₹22,773 cr |
| [Tata Liquid Fund](https://discovermf.com/funds/tata-liquid-fund-102672.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.32% | ₹33,891 cr |
| [LIC MF Liquid Fund](https://discovermf.com/funds/lic-mf-liquid-fund-101185.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.20% | ₹14,308 cr |
| [Nippon India Liquid Fund](https://discovermf.com/funds/nippon-india-liquid-fund-100851.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.38% | ₹42,878 cr |
| [ICICI Prudential Liquid Fund](https://discovermf.com/funds/icici-prudential-liquid-fund-103340.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.30% | ₹59,257 cr |
| [HDFC Liquid Fund](https://discovermf.com/funds/hdfc-liquid-fund-100868.md) | +6.4% | +6.8% | +6.3% | 0.2% | 0.30% | ₹72,771 cr |
| [Mirae Asset Liquid Fund](https://discovermf.com/funds/mirae-asset-liquid-fund-111646.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.20% | ₹16,873 cr |
| [Kotak Liquid Fund](https://discovermf.com/funds/kotak-liquid-fund-100835.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.33% | ₹46,514 cr |
| [Baroda BNP Paribas Liquid Fund](https://discovermf.com/funds/baroda-bnp-paribas-liquid-fund-111704.md) | +6.3% | +6.8% | +6.3% | 0.2% | 0.16% | ₹14,723 cr |
| [Sundaram Liquid Fund](https://discovermf.com/funds/sundaram-liquid-fund-149661.md) | +6.3% | +6.7% | — | 0.2% | 0.36% | ₹7,389 cr |
| [SBI Liquid Fund](https://discovermf.com/funds/sbi-liquid-fund-105280.md) | +6.4% | +6.7% | +6.3% | 0.2% | 0.32% | ₹94,440 cr |
| [Bandhan Liquid Fund](https://discovermf.com/funds/bandhan-liquid-fund-108690.md) | +6.3% | +6.7% | +6.3% | 0.2% | 0.23% | ₹17,540 cr |
| [Bajaj Finserv Liquid Fund](https://discovermf.com/funds/bajaj-finserv-liquid-fund-151837.md) | +6.3% | +6.7% | — | 0.2% | 0.28% | ₹7,581 cr |
| [JM Liquid Fund](https://discovermf.com/funds/jm-liquid-fund-100234.md) | +6.3% | +6.7% | +6.3% | 0.2% | 0.26% | ₹1,422 cr |
| [WhiteOak Capital Liquid Fund](https://discovermf.com/funds/whiteoak-capital-liquid-fund-145968.md) | +6.3% | +6.7% | +6.1% | 0.2% | 0.24% | ₹800 cr |
| [TrustMF Liquid Fund](https://discovermf.com/funds/trustmf-liquid-fund-148833.md) | +6.3% | +6.7% | +6.2% | 0.2% | 0.25% | ₹1,299 cr |
| [360 ONE Liquid Fund](https://discovermf.com/funds/360-one-liquid-fund-125259.md) | +6.1% | +6.6% | +6.2% | 0.2% | 0.35% | ₹590 cr |
| [Parag Parikh Liquid Fund](https://discovermf.com/funds/parag-parikh-liquid-fund-143260.md) | +6.3% | +6.6% | +6.0% | 0.2% | 0.21% | ₹5,523 cr |
| [ITI Liquid Fund](https://discovermf.com/funds/iti-liquid-fund-147153.md) | +6.0% | +6.5% | +6.0% | 0.2% | 0.24% | ₹65.3 cr |
| [Quant Liquid Fund](https://discovermf.com/funds/quant-liquid-fund-103225.md) | +5.7% | +6.4% | +6.0% | 0.2% | 0.57% | ₹1,295 cr |
| [Quantum Liquid Fund](https://discovermf.com/funds/quantum-liquid-fund-141066.md) | +5.8% | +6.4% | +6.0% | 0.2% | 0.26% | ₹539 cr |
| [Motilal Oswal Liquid Fund](https://discovermf.com/funds/motilal-oswal-liquid-fund-145946.md) | +5.8% | +6.3% | +5.9% | 0.2% | 0.41% | ₹1,111 cr |
| [Navi Liquid Fund](https://discovermf.com/funds/navi-liquid-fund-112636.md) | +5.7% | +6.3% | +6.1% | 0.1% | 0.32% | ₹81.5 cr |
| [Franklin India Liquid Fund](https://discovermf.com/funds/franklin-india-liquid-fund-100538.md) | +5.8% | +6.2% | +5.7% | 0.2% | 0.20% | ₹5,378 cr |
| [ASK Liquid Fund](https://discovermf.com/funds/ask-liquid-fund-154581.md) | — | — | — | 0.2% | 0.27% | ₹399 cr |
| [Abakkus Liquid Fund](https://discovermf.com/funds/abakkus-liquid-fund-154047.md) | — | — | — | 0.1% | 0.29% | ₹687 cr |
| [Capitalmind Liquid Fund](https://discovermf.com/funds/capitalmind-liquid-fund-154010.md) | — | — | — | 0.2% | 0.29% | ₹122 cr |
| [JioBlackRock Liquid Fund](https://discovermf.com/funds/jioblackrock-liquid-fund-154645.md) | — | — | — | 0.2% | 0.26% | ₹11,216 cr |
| [Shriram Liquid Fund](https://discovermf.com/funds/shriram-liquid-fund-153036.md) | +6.2% | — | — | 0.2% | 0.29% | ₹539 cr |
| [Unifi Liquid Fund](https://discovermf.com/funds/unifi-liquid-fund-153571.md) | +5.7% | — | — | 0.2% | 0.15% | ₹23.8 cr |
| [The Wealth Company Liquid Fund](https://discovermf.com/funds/the-wealth-company-liquid-fund-153888.md) | +6.4% | — | — | 0.2% | 0.27% | ₹680 cr |
| [Carnelian Liquid Fund](https://discovermf.com/funds/carnelian-liquid-fund-154780.md) | — | — | — | 0.1% | 0.25% | — |

## Questions

### How many Liquid funds are there?

44 funds, managing ₹7.2 lakh cr between them as of 3 Nov 2026. The largest is SBI Liquid Fund, at ₹94,440 cr.

### What return have Liquid funds given?

The average Liquid fund returned +6.2% over the last year, +6.7% a year over three years, +6.2% a year over five years. Over the last year the funds ranged from +5.7% to +6.5%. Past returns do not tell you future returns.

### Which Liquid fund has the lowest expense ratio?

Bank of India Liquid Fund, at 0.15% a year, against 0.26% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Liquid fund has the highest three-year return?

Bank of India Liquid Fund, at +6.9% a year over the last three years, against +6.7% for the average fund. Past returns do not tell you future returns.

### How risky are Liquid funds?

Their volatility over the last year averaged 0.2%: the higher it is, the more the price swings from day to day. 34 of 44 carry the riskometer level Low to Moderate, on SEBI's six-step scale from Low to Very High.