PGIM India Liquid Fund
PGIM India Mutual Fund · Liquid · Regular plan, growth option
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.4% |
| 3 months | 1.5% | 1.5% |
| 6 months | 3.2% | 3.2% |
| Year to date | 5.0% | 4.9% |
| 1 year | 6.4% | 6.4% |
| 3 years (CAGR) | 6.8% | 6.8% |
| 5 years (CAGR) | 6.3% | 6.2% |
| 7 years (CAGR) | 5.6% | 5.6% |
| 10 years (CAGR) | 6.1% | 6.0% |
| Since first NAV (CAGR) | 6.2% | – |
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.7% | 7.0% |
| 3Y rolling median | 6.2% | 6.9% |
| 3Y rolling worst | 4.0% | 4.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.4% | 6.9% |
| 5Y rolling worst | 5.2% | 5.1% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.4% | 0.3% |
| Sharpe ratio | 0.49 | 0.34 |
| Sortino ratio | 0.61 | 0.42 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.1% | −0.2% |
| Maximum drawdown, last 10Y | −0.1% | −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.
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)
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.
The Regular plan's expense ratio is 0.22% a year and the Direct plan's 0.11%, a gap of 0.11%; over the last 3 years the Direct plan returned 0.13 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 ₹2,99,161.
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 manager | Role | Managing since |
|---|---|---|
| Puneet Pal | 16 Jul 2022 | |
| Akhil Dhar | 25 Feb 2026 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.22% | 0.26% |
| AUM, whole scheme (₹ crore) | 1,438 | 4,912 |
| Riskometer | Low to Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.4% | 6.2% TRI |
| Return, 3 years (AMFI) | 6.8% | 6.8% TRI |
| Return, 5 years (AMFI) | 6.3% | 6.3% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 46% median |
| Month-ends in category top quartile (3Y) | 53% | 7% median |
| 7Y rolling CAGR, median (monthly windows) | 5.7% | 6.4% 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 Regular plans; how it is calculated.
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 5.0% | n/a | – |
| 2025 | 6.5% | n/a | – |
| 2024 | 7.3% | n/a | – |
| 2023 | 7.0% | n/a | – |
| 2022 | 4.8% | n/a | – |
| 2021 | 3.3% | n/a | – |
| 2020 | 4.2% | n/a | – |
| 2019 | 6.7% | n/a | – |
| 2018 | 7.4% | n/a | – |
| 2017 | 6.7% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,279 | 6.5% |
| 3 years | ₹3,60,000 | ₹3,98,355 | 6.6% |
| 5 years | ₹6,00,000 | ₹7,10,457 | 6.7% |
| 10 years | ₹12,00,000 | ₹16,36,639 | 6.0% |
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 | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| UTI - Liquid Fund | Liquid | 1.00 | 6.9% |
| Axis Liquid Fund | Liquid | 1.00 | 6.9% |
| SBI LIQUID FUND | Liquid | 1.00 | 6.8% |
| SBI LIQUID FUND | Liquid | 1.00 | 6.8% |
| Kotak Liquid Fund | Liquid | 1.00 | 6.8% |
| HSBC Liquid Fund | Liquid | 1.00 | 6.8% |
- What is the latest NAV of PGIM India Liquid Fund?
- The NAV of the Regular plan (growth option) was ₹367.1481 on 1 Oct 2026, as published by AMFI.
- Which category is PGIM India 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 48 Liquid schemes (Regular plans).
- What returns has PGIM India Liquid Fund delivered?
- Over one year the NAV changed by 6.4%. The 3-year CAGR is 6.8% (category median 6.8%) and the 5-year CAGR is 6.3% (category median 6.2%). 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 6.2%, the lowest was 4.0%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in PGIM India Liquid Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.1%; within the last five years it was 0.0% (category median 0.0%).
- How volatile is PGIM India Liquid Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.4%, which is above the Liquid category median of 0.3%.
- What would a monthly SIP in PGIM India 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 ₹7,10,457 on 1 Oct 2026, an annualised return (XIRR) of 6.7%. This uses the Regular 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 PGIM India Liquid Fund?
- The total expense ratio of the Regular plan is 0.22% a year, as disclosed to AMFI (median of Liquid Regular plans: 0.26%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is PGIM India Liquid Fund?
- Assets under management of the whole scheme were ₹1,438 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of PGIM India Liquid Fund?
- AMFI lists the scheme's riskometer as “Low to 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 PGIM India 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 6.8% 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 PGIM India Liquid Fund beaten its category?
- At 100% of the 91 month-ends compared over the last 10 years, its 3-year return was above the median of Liquid schemes (Regular plans); it was in the top quarter at 53% of them. A typical scheme would show about 50%.
- Who manages PGIM India Liquid Fund?
- According to its Scheme Summary Document, PGIM India Liquid Fund is managed by Puneet Pal (since 16 Jul 2022), Akhil Dhar (since 25 Feb 2026).
- What is the exit load of PGIM India Liquid Fund?
- As stated in its scheme documents: Exit load as a % of redemption/switch proceeds Day 1 0.0070% Day 2 0.0065% Day 3 0.0060% Day 4 0.0055% Day 5 0.0050% Day 6 0.0045% Day 7 onwards 0.0000% Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in PGIM India Liquid Fund?
- The minimum application amount is Rs. 5000. SIP details: SIP - Monthly/Quarterly : 1000, SWP - Monthly/ Quartely/ Annually : 1000, STP -Daily/Weekly/Monthly/Quarterly :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.
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