HDFC Liquid Fund
HDFC Mutual Fund · Liquid · Direct plan, growth option
NAV (₹), 1 Oct 2026
5,598.0849
1-day change
0.02%
1Y return
6.5%
3Y CAGR
6.9%
5Y CAGR
6.4%
Max drawdown, 5Y
0.0%
NAV history month-end NAV, ₹ · 31 Dec 2012 to 4 Oct 2026
Returns vs Liquid median (40 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.5% | 0.5% |
| 3 months | 1.5% | 1.6% |
| 6 months | 3.3% | 3.3% |
| Year to date | 5.0% | 5.0% |
| 1 year | 6.5% | 6.5% |
| 3 years (CAGR) | 6.9% | 6.9% |
| 5 years (CAGR) | 6.4% | 6.4% |
| 7 years (CAGR) | 5.7% | 5.7% |
| 10 years (CAGR) | 6.1% | 6.1% |
| Since first NAV (CAGR) | 6.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.0% | 7.0% |
| 3Y rolling median | 6.9% | 7.0% |
| 3Y rolling worst | 4.0% | 4.1% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.8% | 5.9% |
| 5Y rolling worst | 5.2% | 5.2% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.3% | 0.3% |
| Sharpe ratio | 0.71 | 0.75 |
| Sortino ratio | 0.91 | 0.98 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.2% | −0.2% |
| Maximum drawdown, last 10Y | −0.2% | −0.2% |
| Maximum drawdown, last 5Y | 0.0% | 0.0% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +6.4% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
5.50%
1 Jul 2026 · −0.25 pp in a year · 5Y average 5.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.30% a year and the Direct plan's 0.20%, a gap of 0.10%; over the last 3 years the Direct plan returned 0.09 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹2,68,994.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Rohan Pillai | Fund Manager and Dealer - Fixed Income | n/a |
| Swapnil Jangam | Fund Manager of the scheme | n/a |
| Gopal Agrawal | Fund Manager for Overseas Investments | n/a |
Objective: To generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Debt (including securitised debt) and Money Market Instruments^* : Upto 100% ^Investment in Debt and Money Market instruments with residual maturity upto 91 days only. **As required under clause 5.6. of Master Circular at least 20% of the net assets of the scheme shall be invested in liquid assets. ‘Liquid assets’ shall include Cash, Government Securities, T-bills and Repo on Government Securities. In case of reduction in exposure to such liquid assets / securities below 20%, the AMC shall ensure that the above requirement is complied with before making any further investments. For detailed asset allocation, refer Scheme Information Document (SID) available on the website.
Benchmark (tier 1): CRISIL Liquid Debt A-I Index
Exit load: Day 1 - 0.0070% (Note 1 refer) Day 2 - 0.0065% Day 3 - 0.0060% Day 4 - 0.0055% Day 5 - 0.0050% Day 6 - 0.0045% Day 7 onwards - Nil Note 1- For the purpose of levying exit load, if subscription (application & funds) is received within cut-off time on a day, Day 1 shall be considered to be the same day, else the day after the date of allotment of units shall be considered as Day 1.
Minimum application: Growth Option- Rs.100 Weekly and Monthly IDCW Option - Rs. 5000 Daily IDCW Option- Rs. 10,000
Allotment date: 17 Oct 2000
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.20% | 0.13% |
| AUM, whole scheme (₹ crore) | 66,295 | 5,127 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.5% | 6.2% TRI |
| Return, 3 years (AMFI) | 6.9% | 6.8% TRI |
| Return, 5 years (AMFI) | 6.3% | 6.3% TRI |
| Month-ends above category median (3Y CAGR) | 1% | 48% median |
| Month-ends in category top quartile (3Y) | 0% | 7% median |
| 7Y rolling CAGR, median (monthly windows) | 5.8% | 5.9% median |
Official benchmark: CRISIL Liquid Debt A-I Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Liquid Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 5.0% | n/a | – |
| 2025 | 6.6% | n/a | – |
| 2024 | 7.4% | n/a | – |
| 2023 | 7.1% | n/a | – |
| 2022 | 4.9% | n/a | – |
| 2021 | 3.3% | n/a | – |
| 2020 | 4.2% | n/a | – |
| 2019 | 6.6% | n/a | – |
| 2018 | 7.3% | n/a | – |
| 2017 | 6.6% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,324 | 6.6% |
| 3 years | ₹3,60,000 | ₹3,98,756 | 6.7% |
| 5 years | ₹6,00,000 | ₹7,11,699 | 6.7% |
| 10 years | ₹12,00,000 | ₹16,40,344 | 6.1% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HDFC Mutual Fund
Category: Liquid
Plan / option: Direct · Growth
AMFI scheme code: 119091
ISIN: INF179KB1HP9
First NAV in MFIC data: 31 Dec 2012
History: 13.8 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Nippon India Liquid Fund | Liquid | 1.00 | 7.0% |
| Kotak Liquid Fund | Liquid | 1.00 | 6.9% |
| Axis Liquid Fund | Liquid | 1.00 | 7.0% |
| DSP Liquid Fund | Liquid | 1.00 | 7.0% |
| Aditya Birla Sun Life Liquid Fund | Liquid | 1.00 | 7.0% |
| Edelweiss Liquid Fund | Liquid | 1.00 | 7.0% |
Questions about HDFC Liquid Fund
- What is the latest NAV of HDFC Liquid Fund?
- The NAV of the Direct plan (growth option) was ₹5,598.0849 on 1 Oct 2026, as published by AMFI.
- Which category is HDFC Liquid Fund in?
- It is classified as Liquid in AMFI's daily NAV file; a Liquid scheme invests in securities maturing in up to 91 days. MFIC compares it with 40 Liquid schemes (Direct plans).
- What returns has HDFC Liquid Fund delivered?
- Over one year the NAV changed by 6.5%. The 3-year CAGR is 6.9% (category median 6.9%) and the 5-year CAGR is 6.4% (category median 6.4%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.9%, the lowest was 4.0%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HDFC Liquid Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.2%; within the last five years it was 0.0% (category median 0.0%).
- How volatile is HDFC Liquid Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.3%, which is below the Liquid category median of 0.3%.
- What would a monthly SIP in HDFC Liquid Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,11,699 on 1 Oct 2026, an annualised return (XIRR) of 6.7%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HDFC Liquid Fund?
- The total expense ratio of the Direct plan is 0.20% a year, as disclosed to AMFI (median of Liquid Direct plans: 0.13%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HDFC Liquid Fund?
- Assets under management of the whole scheme were ₹66,295 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC Liquid Fund?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HDFC Liquid Fund and how has it compared?
- Its official benchmark is the CRISIL Liquid Debt A-I Index. Over 3 years AMFI reports a return of 6.9% for this plan against 6.8% for the benchmark total return index; over 5 years 6.3% against 6.3%. Past performance does not indicate future results.
- How often has HDFC Liquid Fund beaten its category?
- At 1% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Liquid schemes (Direct plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages HDFC Liquid Fund?
- According to its Scheme Summary Document, HDFC Liquid Fund is managed by Rohan Pillai, Swapnil Jangam, Gopal Agrawal.
- What is the exit load of HDFC Liquid Fund?
- As stated in its scheme documents: Day 1 - 0.0070% (Note 1 refer) Day 2 - 0.0065% Day 3 - 0.0060% Day 4 - 0.0055% Day 5 - 0.0050% Day 6 - 0.0045% Day 7 onwards - Nil Note 1- For the purpose of levying exit load, if subscription (application & funds) is received within cut-off time on a day, Day 1 shall be considered to be the same day, else the day after the date of allotment of units shall be considered as Day 1. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HDFC Liquid Fund?
- The minimum application amount is Growth Option- Rs.100 Weekly and Monthly IDCW Option - Rs. 5000 Daily IDCW Option- Rs. 10,000. SIP details: For SIP DSIP, WSIP, MSIP - Rs. 100 QSIP - Rs. 1500 HSIP - Rs. 2500 YSIP - Rs. 5000 For SWAP Fixed SWAP - Rs. 500 Variable SWAP - Rs. 300 For STP Fixed STP (FSTP) Daily FSTP - Rs. 500 Weekly FSTP - Rs. 500 Monthly FSTP - Rs. 1000 Quarterly FSTP -Rs. 3000 Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300 Quarterly CASTP - Rs 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.5% and the Regular plan's by 6.4%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.