রিকারিং ডিপোজিট বনাম ফিক্সড ডিপোজিট: কোনটি ভালো?

Updated on April 17, 2026 , 10761 views

পুনরাবৃত্ত আমানত বনাম ফিক্সড ডিপোজিট? ভাবছেন আপনার টাকা কোথায় সঞ্চয় করবেন? ঠিক আছে, অনেক সময়, বিনিয়োগকারীরা রেকারিং ডিপোজিট (RD) না ফিক্সড ডিপোজিটে (ফিক্সড ডিপোজিট) বিনিয়োগ করতে বিভ্রান্ত হয়ে পড়েন।FD) যদিও এগুলি সবচেয়ে জনপ্রিয় সেভিং স্কিম, বিশেষ করে ঝুঁকি-প্রতিরোধী বিনিয়োগকারীদের মধ্যে, এটা বোঝা গুরুত্বপূর্ণ যে কীভাবে RD এবং FD একে অপরের থেকে আলাদা এবং কোনটি একটি ভালবিনিয়োগ বিকল্প

রেকারিং ডিপোজিট (RD)

RD হল aআর্থিক উপকরণ প্রধানত সঞ্চয় উত্সাহিত করার দিকে নির্দেশিত. এই স্কিমে, বিনিয়োগকারীদের প্রতি মাসে একটি নির্দিষ্ট পরিমাণ অর্থ সংরক্ষণ করার নমনীয়তা রয়েছেব্যাংকএকটি পূর্বনির্ধারিত মেয়াদের জন্য এর বা আর্থিক প্রতিষ্ঠানের RD অ্যাকাউন্ট এবং এই পরিমাণে সুদ উপার্জন করুন। মেয়াদপূর্তিতে, মূল পরিমাণের সাথে সুদ প্রদান করা হয়।

ফিক্সড ডিপোজিট (FD)

ফিক্সড ডিপোজিট হল একটি নির্দিষ্ট পূর্বনির্ধারিত মেয়াদের জন্য ব্যাঙ্ক দ্বারা প্রদত্ত এক ধরনের আর্থিক উপকরণসুদের নির্দিষ্ট হার. এই স্কিমে, একটি FD অ্যাকাউন্ট তৈরি করার সময় একবার একটি নির্দিষ্ট পরিমাণ জমা করা হয়। মেয়াদ শেষে, নির্বাচিত মেয়াদের জন্য সুদের পরিমাণ মূল পরিমাণের সাথে গণনা করা হয় এবং মোট যোগফল ক্রমবর্ধমানভাবে পরিশোধ করা হয়।

রিকারিং ডিপোজিট VS ফিক্সড ডিপোজিট

পরামিতি	রেকারিং ডিপোজিট (RD)	ফিক্সড ডিপোজিট (FD)
মেয়াদ	RD এর মেয়াদ সাধারণত 6 মাস থেকে 10 বছর পর্যন্ত পরিবর্তিত হয়	FD স্কিমের মেয়াদ 7 দিন থেকে 10 বছরের মধ্যে
সুদের হিসাব	যৌগিক একটি RD স্কিমের জন্য সাধারণত প্রতি ত্রৈমাসিকে সুদ পাওয়া যায়	FD-তে, চক্রবৃদ্ধি সুদ প্রতি বছর অর্জিত সুদের উপর গণনা করা হয়
যোগ্যতা	সমস্ত বাসিন্দা ভারতীয় এবং হিন্দু অবিভক্ত পরিবার (HUFs) RD অ্যাকাউন্ট খোলার যোগ্য৷ এই অ্যাকাউন্টটি অপ্রাপ্তবয়স্কদের জন্য তাদের পিতামাতা বা আইনী অভিভাবকরাও খুলতে পারেন	সমস্ত বাসিন্দা ভারতীয় এবং হিন্দু অবিভক্ত পরিবার (HUFs) একটি স্থায়ী আমানত অ্যাকাউন্ট খোলার যোগ্য
ট্যাক্স বেনিফিট	এই স্কিমে কোনো কর সুবিধা দেওয়া হয় না	ফিক্সড ডিপোজিটের জন্য, এর অধীনে একটি কর ছাড়ধারা 80C এরআয়কর আইন 1961 প্রযোজ্য। এটি 5 বছরের বেশি আমানতের জন্য প্রযোজ্য (বর্তমান আইন অনুযায়ী)
প্রত্যাবর্তন - এর অবস্থা	সুদের হার FD এর মতই কিন্তু সাধারণত, মেয়াদ এবং মাসিক বিনিয়োগের পরিমাণের উপর নির্ভর করে	সুদের হার RD এর মতই কিন্তু নির্ভর করেমূলধন এবং মেয়াদের জন্য বেছে নেওয়া হয়েছে
অতিরিক্ত সুবিধা	বেশিরভাগ ব্যাঙ্ক আমানত মূল্যের 90% পর্যন্ত ঋণ দেয়	বেশিরভাগ ব্যাঙ্কই আমানত মূল্যের 70%-90% পর্যন্ত ঋণ দেয়।
প্রত্যাহার	কিছু ক্ষেত্রে, জরিমানা ছাড়াই অকাল প্রত্যাহারের অনুমতি দেওয়া হয়। যদিও কিছু ব্যাঙ্ক জরিমানা নিতে পারে	একটি জরিমানা সঙ্গে অকাল প্রত্যাহার অনুমোদিত হয়
আয় স্বার্থ	RD-এর উপর অর্জিত সুদ করযোগ্য এবং বেশিরভাগ ব্যাঙ্ক TDS কেটে নেয়	এফডি-তে অর্জিত সুদ করযোগ্য এবং বেশিরভাগ ব্যাঙ্ক টিডিএস কেটে নেয়

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রিকারিং ডিপোজিট VS ফিক্সড ডিপোজিট: কোথায় বেশি উপার্জন করবেন?

যেহেতু RD এবং FD উভয়ই ঝুঁকি-বিরুদ্ধ বিনিয়োগকারীদের জন্য উপযুক্ত, তাই চূড়ান্ত পছন্দ একজনের প্রয়োজনের উপর নির্ভর করে। একটি এফডি অ্যাকাউন্টে, জমা করা প্রাথমিক একক অঙ্কের উপর সুদ চক্রবৃদ্ধি করা হয়। পুরো জমা করা পরিমাণ এক বছরের জন্য সুদ পায়। যাইহোক, একটি RD-এ, শুধুমাত্র 1ম আমানত প্রথম বছরের জন্য, অর্থাৎ 12 মাসের জন্য সুদ অর্জন করে। দ্বিতীয় আমানত 11 মাসের জন্য, তৃতীয়টি 10 মাসের জন্য, এবং আরও অনেক কিছুর জন্য সুদ অর্জন করে। চক্রবৃদ্ধি প্রভাব বিনিয়োগকারীদের জন্য উচ্চতর রিটার্ন জেনারেট করতে স্থায়ী আমানতকে সক্ষম করে।

যদিও সময়ের সাথে সাথে, কেউ একটি স্থায়ী আমানত দিয়ে আরও বেশি অর্থ উপার্জন করতে পারে (নিচে উদাহরণ দেওয়া হয়েছে), তবে এটিতে মাসিক অল্প পরিমাণ জমা করতে সক্ষম হওয়ার ক্ষেত্রে একটি পুনরাবৃত্ত আমানত অ্যাকাউন্টের নমনীয়তা নেই। সুতরাং, যাদের বিনিয়োগের জন্য একক টাকা নেই তারা মাসিক বিনিয়োগ পছন্দ করতে পারেন।

আরও ভালোভাবে বোঝার জন্য, আমরা উভয় স্কিমের পার্থক্য চিত্রিত করেছি। ব্যবহারকারীরা তাই স্পষ্টভাবে বুঝতে এবং ভাল চয়ন করতে পারেন.

চিত্রণ:

ধরুন আপনি বিনিয়োগ করেন1000 টাকা (এক বছরের জন্য মাসিক) একটি পুনরাবৃত্ত আমানতে এবং আপনি একমুঠো বিনিয়োগ করেছেন৷INR 12,000 বছরের শুরুতে একটি ফিক্সড ডিপোজিটে। এই দুটি পণ্যই আপনাকে ত্রৈমাসিকে 9 শতাংশ চক্রবৃদ্ধি সুদের অফার করে। তাহলেআয় এই দুটি স্কিম থেকে নীচে দেওয়া হল-

বিশেষ	রেকারিং ডিপোজিট (RD)	ফিক্সড ডিপোজিট (FD)
বিনিয়োগকৃত পরিমাণ	INR 5,000 (মাসিক)	INR 60,000 (একটি টাকা)
মেয়াদ	1 ২ মাস	1 ২ মাস
বার্ষিক সুদের হার	৬%	৬%
মোট অর্জিত পরিমাণ	INR 61,986	INR 63,701
মোট লাভ	INR 1,986	INR 3,701

এখন আপনি যখন RD এবং FD-এর মধ্যে প্রধান পার্থক্য জানেন, আপনি একটি বেছে নিতে পারেন এবং বিজ্ঞতার সাথে বিনিয়োগ করতে পারেন। যদিও FD RD-এর তুলনায় তুলনামূলকভাবে একটি ভাল বৃদ্ধি দেয়, বেশিরভাগ সময়, একটি একক যন্ত্রের জন্য আপনার সমস্ত প্রয়োজন মেটানো সম্ভব নয়। সুতরাং, যখন আপনার বিনিয়োগের জন্য একমুঠো টাকা না থাকে, আপনি প্রতি মাসে আপনার আয় থেকে একটি ছোট পরিমাণ সঞ্চয় করতে পারেন এবং একটি পুনরাবৃত্ত আমানতে বিনিয়োগ করতে পারেন!

অন্যান্য বিকল্প

লিকুইড/আল্ট্রা শর্ট ডেট মিউচুয়াল ফান্ড

1. Axis Liquid Fund

To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Research Highlights for Axis Liquid Fund

Upper mid AUM (₹30,188 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.31% (top quartile).
1M return: 0.77% (upper mid).
Sharpe: 3.16 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.77% (top quartile).
Modified duration: 0.17 yrs (upper mid).
Average maturity: 0.18 yrs (lower mid).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Net Receivables / (Payables) (~20.0%).

Below is the key information for Axis Liquid Fund

Axis Liquid Fund Growth
Launch Date	9 Oct 09
NAV (20 Apr 26)	₹3,053.27 ↑ 0.49 (0.02 %)
Net Assets (Cr)	₹30,188 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.23
Sharpe Ratio	3.16
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.77%
Effective Maturity	2 Months 5 Days
Modified Duration	2 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,340
31 Mar 23	₹10,930
31 Mar 24	₹11,723
31 Mar 25	₹12,584
31 Mar 26	₹13,360

Axis Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Axis Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.8%
6 Month	3.2%
1 Year	6.3%
3 Year	7%
5 Year	6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.6%
2024	7.4%
2023	7.1%
2022	4.9%
2021	3.3%
2020	4.3%
2019	6.6%
2018	7.5%
2017	6.7%
2016	7.6%

Fund Manager information for Axis Liquid Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	13.41 Yr.
Aditya Pagaria	13 Aug 16	9.64 Yr.
Sachin Jain	3 Jul 23	2.75 Yr.

Data below for Axis Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.67%
Other	0.33%

Debt Sector Allocation

Sector	Value
Cash Equivalent	66%
Corporate	22.23%
Government	11.44%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Receivables / (Payables) CBLO \| -	20%	-₹6,036 Cr
India (Republic of) - \| -	6%	₹1,732 Cr	175,000,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	6%	₹1,725 Cr	35,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	5%	₹1,488 Cr	30,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	4%	₹1,238 Cr	25,000
India (Republic of) - \| -	4%	₹1,224 Cr	123,560,400
Export Import Bank Of India Commercial Paper \| -	3%	₹992 Cr	20,000
Tbill Sovereign Bonds \| -	3%	₹992 Cr	100,000,000
Tata Steel Ltd. Commercial Paper \| -	3%	₹987 Cr	20,000
HDFC Bank Ltd. Debentures \| -	3%	₹986 Cr	20,000

2. Aditya Birla Sun Life Liquid Fund

(Erstwhile Aditya Birla Sun Life Cash Plus Fund)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Research Highlights for Aditya Birla Sun Life Liquid Fund

Top quartile AUM (₹43,022 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.27% (upper mid).
1M return: 0.76% (upper mid).
Sharpe: 2.95 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.73% (top quartile).
Modified duration: 0.18 yrs (lower mid).
Average maturity: 0.18 yrs (upper mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Net Receivables / (Payables) (~21.4%).

Below is the key information for Aditya Birla Sun Life Liquid Fund

Aditya Birla Sun Life Liquid Fund Growth
Launch Date	30 Mar 04
NAV (20 Apr 26)	₹441.753 ↑ 0.07 (0.02 %)
Net Assets (Cr)	₹43,022 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.34
Sharpe Ratio	2.95
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.73%
Effective Maturity	2 Months 5 Days
Modified Duration	2 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,338
31 Mar 23	₹10,926
31 Mar 24	₹11,711
31 Mar 25	₹12,568
31 Mar 26	₹13,340

Aditya Birla Sun Life Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Aditya Birla Sun Life Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3.2%
1 Year	6.3%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.5%
2024	7.3%
2023	7.1%
2022	4.8%
2021	3.3%
2020	4.3%
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%

Fund Manager information for Aditya Birla Sun Life Liquid Fund

Name	Since	Tenure
Sunaina Cunha	15 Jul 11	14.72 Yr.
Kaustubh Gupta	15 Jul 11	14.72 Yr.
Sanjay Pawar	1 Jul 22	3.75 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.67%
Other	0.33%

Debt Sector Allocation

Sector	Value
Cash Equivalent	70.49%
Corporate	22.11%
Government	7.07%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Receivables / (Payables) Net Current Assets \| -	21%	-₹9,197 Cr
Tbill Sovereign Bonds \| -	6%	₹2,422 Cr	244,000,000
Tbill Sovereign Bonds \| -	5%	₹2,251 Cr	226,522,000 ↓ -50,000,000
India (Republic of) - \| -	5%	₹1,981 Cr	200,000,000
Clearing Corporation Of India Limited CBLO/Reverse Repo \| -	4%	₹1,844 Cr
Indusind Bank Ltd. Debentures \| -	3%	₹1,458 Cr	29,500
Punjab National Bank Domestic Bonds \| -	3%	₹1,231 Cr	25,000 ↑ 25,000
Canara Bank Certificate of Deposit \| -	2%	₹992 Cr	20,000 ↑ 20,000
Punjab & Sind Bank Debentures \| -	2%	₹989 Cr	20,000
PNB Housing Finance Ltd. Commercial Paper \| -	2%	₹960 Cr	19,500 ↑ 19,500

3. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

Research Highlights for ICICI Prudential Ultra Short Term Fund

Lower mid AUM (₹13,619 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.49% (top quartile).
1M return: 0.76% (lower mid).
Sharpe: 1.95 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.73% (upper mid).
Modified duration: 0.46 yrs (bottom quartile).
Average maturity: 0.58 yrs (bottom quartile).
Exit load: 0-1 Months (0.5%),1 Months and above(NIL).
Top sector: Energy.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~56%).
High-quality debt (AAA/AA ~100%).
Largest holding RADHAKRISHNA SECURITISATION TRUST (~3.0%).

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund Growth
Launch Date	3 May 11
NAV (20 Apr 26)	₹29.102 ↑ 0.01 (0.05 %)
Net Assets (Cr)	₹13,619 on 31 Mar 26
Category	Debt - Ultrashort Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.8
Sharpe Ratio	1.95
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Months (0.5%),1 Months and above(NIL)
Yield to Maturity	7.73%
Effective Maturity	6 Months 29 Days
Modified Duration	5 Months 16 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,396
31 Mar 23	₹10,949
31 Mar 24	₹11,737
31 Mar 25	₹12,601
31 Mar 26	₹13,426

ICICI Prudential Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3%
1 Year	6.5%
3 Year	7.1%
5 Year	6.1%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.1%
2024	7.5%
2023	6.9%
2022	4.5%
2021	4%
2020	6.5%
2019	8.4%
2018	7.5%
2017	6.9%
2016	9.8%

Fund Manager information for ICICI Prudential Ultra Short Term Fund

Name	Since	Tenure
Manish Banthia	15 Nov 16	9.38 Yr.
Ritesh Lunawat	15 Jun 17	8.8 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	56.35%
Debt	43.32%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	68.41%
Cash Equivalent	18.77%
Government	12.49%

Credit Quality

Rating	Value
AA	20.78%
AAA	79.22%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
RADHAKRISHNA SECURITISATION TRUST Unlisted bonds \| -	3%	₹453 Cr	450
Vedanta Limited Debentures \| -	2%	₹351 Cr	35,000
Goi Floating Rate Bond 2028 Sovereign Bonds \| -	2%	₹311 Cr	30,773,600
Muthoot Finance Ltd Debentures \| -	2%	₹297 Cr	29,500 ↓ -500
Piramal Finance Limited Debentures \| -	2%	₹246 Cr	24,500
AU Small Finance Bank Ltd. Debentures \| -	2%	₹236 Cr	5,000
National Bank For Agriculture And Rural Development Debentures \| -	1%	₹201 Cr	20,000
Motilal Oswal Home Finance Limited Debentures \| -	1%	₹200 Cr	20,000
Nuvama Wealth Finance Limited Debentures \| -	1%	₹200 Cr	20,000
Small Industries Development Bank Of India Debentures \| -	1%	₹200 Cr	20,000

4. ICICI Prudential Liquid Fund

(Erstwhile ICICI Prudential Liquid Plan)

To provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities.

Research Highlights for ICICI Prudential Liquid Fund

Upper mid AUM (₹42,888 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.21% (lower mid).
1M return: 0.74% (bottom quartile).
Sharpe: 2.87 (upper mid).
Information ratio: -0.18 (bottom quartile).
Yield to maturity (debt): 7.72% (upper mid).
Modified duration: 0.15 yrs (top quartile).
Average maturity: 0.17 yrs (top quartile).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Treps (~7.9%).

Below is the key information for ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund Growth
Launch Date	17 Nov 05
NAV (20 Apr 26)	₹405.621 ↑ 0.06 (0.02 %)
Net Assets (Cr)	₹42,888 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.29
Sharpe Ratio	2.87
Information Ratio	-0.18
Alpha Ratio	-0.01
Min Investment	500
Min SIP Investment	99
Exit Load	NIL
Yield to Maturity	7.72%
Effective Maturity	2 Months 1 Day
Modified Duration	1 Month 25 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,333
31 Mar 23	₹10,911
31 Mar 24	₹11,694
31 Mar 25	₹12,549
31 Mar 26	₹13,314

ICICI Prudential Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for ICICI Prudential Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.7%
3 Month	1.7%
6 Month	3.1%
1 Year	6.2%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.5%
2024	7.4%
2023	7%
2022	4.8%
2021	3.2%
2020	4.3%
2019	6.6%
2018	7.4%
2017	6.6%
2016	7.7%

Fund Manager information for ICICI Prudential Liquid Fund

Name	Since	Tenure
Nikhil Kabra	1 Dec 23	2.33 Yr.
Darshil Dedhia	12 Jun 23	2.81 Yr.

Data below for ICICI Prudential Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.73%
Other	0.27%

Debt Sector Allocation

Sector	Value
Cash Equivalent	69.82%
Corporate	25.87%
Government	4.04%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Treps CBLO/Reverse Repo \| -	8%	₹4,181 Cr
Reverse Repo (3/16/2026) CBLO/Reverse Repo \| -	8%	₹4,000 Cr
National Bank For Agriculture And Rural Development Commercial Paper \| -	5%	₹2,571 Cr	52,000
Axis Bank Limited Certificate of Deposit \| -	3%	₹1,484 Cr	30,000 ↑ 30,000
Small Industries Development Bank Of India Commercial Paper \| -	3%	₹1,483 Cr	30,000
Indusind Bank Limited Certificate of Deposit \| -	3%	₹1,480 Cr	30,000
Small Industries Dev Bank Of India Commercial Paper \| -	2%	₹1,233 Cr	25,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	2%	₹1,185 Cr	24,000
Small Industries Dev Bank Of India Commercial Paper \| -	2%	₹998 Cr	20,000
IDBI Bank Ltd Domestic Bonds \| -	2%	₹989 Cr	20,000

5. DSP Money Manager Fund

"The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized."

Research Highlights for DSP Money Manager Fund

Bottom quartile AUM (₹3,560 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.02% (bottom quartile).
1M return: 0.86% (top quartile).
Sharpe: 0.31 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.71% (upper mid).
Modified duration: 0.46 yrs (bottom quartile).
Average maturity: 0.69 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~59%).
High-quality debt (AAA/AA ~100%).
Largest holding National Bank For Agriculture And Rural Development (~6.5%).

Below is the key information for DSP Money Manager Fund

DSP Money Manager Fund Growth
Launch Date	31 Jul 06
NAV (20 Apr 26)	₹3,567.23 ↑ 1.44 (0.04 %)
Net Assets (Cr)	₹3,560 on 31 Mar 26
Category	Debt - Ultrashort Bond
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.02
Sharpe Ratio	0.31
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.71%
Effective Maturity	8 Months 8 Days
Modified Duration	5 Months 16 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,306
31 Mar 23	₹10,803
31 Mar 24	₹11,544
31 Mar 25	₹12,369
31 Mar 26	₹13,094

DSP Money Manager Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for DSP Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	2.9%
1 Year	6%
3 Year	6.7%
5 Year	5.6%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.7%
2024	6.9%
2023	6.7%
2022	4.1%
2021	2.9%
2020	4.7%
2019	7.3%
2018	5%
2017	6%
2016	7.5%

Fund Manager information for DSP Money Manager Fund

Name	Since	Tenure
Karan Mundhra	31 May 21	4.84 Yr.
Shalini Vasanta	1 Jan 25	1.24 Yr.

Data below for DSP Money Manager Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	58.55%
Debt	41.01%
Other	0.44%

Debt Sector Allocation

Sector	Value
Corporate	71.22%
Cash Equivalent	16.06%
Government	12.28%

Credit Quality

Rating	Value
AA	23.6%
AAA	76.4%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	6%	₹231 Cr	22,000
Godrej Properties Limited Debentures \| -	4%	₹133 Cr	12,500
5.63% Govt Stock 2026 Sovereign Bonds \| -	2%	₹87 Cr	8,500,000 ↑ 5,000,000
Aditya Birla Renewables Limited Debentures \| -	2%	₹78 Cr	7,500
Rec Limited Debentures \| -	2%	₹78 Cr	7,500
Aadhar Housing Finance Limited Debentures \| -	2%	₹77 Cr	7,200
Nuvama Wealth Finance Limited Debentures \| -	1%	₹53 Cr	5,000
Cholamandalam Investment And Finance Company Limited Debentures \| -	1%	₹53 Cr	5,000
Rec Limited Debentures \| -	1%	₹52 Cr	5,000
Power Finance Corporation Limited Debentures \| -	1%	₹52 Cr	5,000

6. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

Research Highlights for Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹963 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.23% (upper mid).
1M return: 0.83% (top quartile).
Sharpe: 1.04 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.66% (lower mid).
Modified duration: 0.48 yrs (bottom quartile).
Average maturity: 0.50 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~48%).
High-quality debt (AAA/AA ~100%).
Largest holding National Bank For Agriculture And Rural Development (~10.4%).

Below is the key information for Invesco India Ultra Short Term Fund

Invesco India Ultra Short Term Fund Growth
Launch Date	30 Dec 10
NAV (20 Apr 26)	₹2,828.84 ↑ 1.17 (0.04 %)
Net Assets (Cr)	₹963 on 31 Mar 26
Category	Debt - Ultrashort Bond
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.74
Sharpe Ratio	1.04
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.66%
Effective Maturity	6 Months 1 Day
Modified Duration	5 Months 24 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,320
31 Mar 23	₹10,819
31 Mar 24	₹11,592
31 Mar 25	₹12,436
31 Mar 26	₹13,198

Invesco India Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Invesco India Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3%
1 Year	6.2%
3 Year	6.9%
5 Year	5.8%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.8%
2024	7.5%
2023	6.6%
2022	4.1%
2021	3%
2020	5.1%
2019	7.6%
2018	7.3%
2017	7.1%
2016	9.1%

Fund Manager information for Invesco India Ultra Short Term Fund

Name	Since	Tenure
Krishna Cheemalapati	4 Jan 20	6.24 Yr.
Vikas Garg	27 Jul 21	4.68 Yr.

Data below for Invesco India Ultra Short Term Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	47.94%
Debt	51.65%
Other	0.42%

Debt Sector Allocation

Sector	Value
Corporate	54.31%
Cash Equivalent	29.72%
Government	15.55%

Credit Quality

Rating	Value
AA	15.72%
AAA	84.28%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	10%	₹100 Cr	10,000,000
Rec Limited Debentures \| -	8%	₹75 Cr	7,500,000
Small Industries Development Bank Of India Debentures \| -	7%	₹65 Cr	6,500,000
Export Import Bank Of India Debentures \| -	5%	₹50 Cr	5,000,000
Sundaram Home Finance Limited Debentures \| -	4%	₹35 Cr	3,500,000
Power Finance Corporation Limited Debentures \| -	4%	₹35 Cr	3,500,000
Manappuram Finance Limited Debentures \| -	3%	₹28 Cr	2,800,000
Piramal Finance Limited Debentures \| -	3%	₹25 Cr	2,500,000
Aadhar Housing Finance Limited Debentures \| -	3%	₹25 Cr	2,500,000
TATA Projects Limited Debentures \| -	3%	₹25 Cr	2,500,000

7. LIC MF Liquid Fund

An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through a judicious mix of investment in money market instruments and quality debt instruments. However, there is no assurance that the investment objective of the Scheme will be realised.

Research Highlights for LIC MF Liquid Fund

Lower mid AUM (₹11,106 Cr).
Oldest track record among peers (24 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.22% (lower mid).
1M return: 0.76% (upper mid).
Sharpe: 2.51 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.65% (lower mid).
Modified duration: 0.17 yrs (upper mid).
Average maturity: 0.17 yrs (upper mid).
Exit load: NIL.
Top sector: Consumer Defensive.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Net Receivables / (Payables) (~12.5%).

Below is the key information for LIC MF Liquid Fund

LIC MF Liquid Fund Growth
Launch Date	11 Mar 02
NAV (20 Apr 26)	₹4,954.24 ↑ 0.84 (0.02 %)
Net Assets (Cr)	₹11,106 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	2.51
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.65%
Effective Maturity	2 Months 1 Day
Modified Duration	2 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,333
31 Mar 23	₹10,908
31 Mar 24	₹11,690
31 Mar 25	₹12,544
31 Mar 26	₹13,306

LIC MF Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for LIC MF Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3.2%
1 Year	6.2%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.4%
2024	7.4%
2023	7%
2022	4.7%
2021	3.3%
2020	4.3%
2019	6.5%
2018	7.3%
2017	6.6%
2016	7.6%

Fund Manager information for LIC MF Liquid Fund

Name	Since	Tenure
Rahul Singh	5 Oct 15	10.49 Yr.
Aakash Dhulia	1 Sep 25	0.58 Yr.

Data below for LIC MF Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.7%
Other	0.3%

Debt Sector Allocation

Sector	Value
Cash Equivalent	58.53%
Corporate	38.72%
Government	2.45%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Receivables / (Payables) Net Current Assets \| -	12%	-₹1,385 Cr
Canara Bank Certificate of Deposit \| -	4%	₹494 Cr	10,000
Indian Bank Certificate of Deposit \| -	4%	₹494 Cr	10,000
Tbill Sovereign Bonds \| -	4%	₹399 Cr	40,000,000
Tbill Sovereign Bonds \| -	4%	₹398 Cr	40,000,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	4%	₹394 Cr	8,000
Motilal Oswal Financial Services Ltd Commercial Paper \| -	4%	₹393 Cr	8,000 ↑ 8,000
Canara Bank Certificate of Deposit \| -	3%	₹371 Cr	7,500 ↓ -1,000
Punjab National Bank Certificate of Deposit \| -	3%	₹346 Cr	7,000
Bank Of Baroda Certificate of Deposit \| -	3%	₹321 Cr	6,500

8. Kotak Liquid Fund

Aims to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures, Government Securities, money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities so as to spread the risk across different kinds of issuers in the debt markets.

Research Highlights for Kotak Liquid Fund

Upper mid AUM (₹33,309 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.23% (upper mid).
1M return: 0.76% (bottom quartile).
Sharpe: 2.60 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.64% (bottom quartile).
Modified duration: 0.19 yrs (lower mid).
Average maturity: 0.19 yrs (lower mid).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Net Current Assets/(Liabilities) (~22.6%).

Below is the key information for Kotak Liquid Fund

Kotak Liquid Fund Growth
Launch Date	4 Nov 03
NAV (20 Apr 26)	₹5,538.83 ↑ 0.94 (0.02 %)
Net Assets (Cr)	₹33,309 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Low
Expense Ratio	0.31
Sharpe Ratio	2.6
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.64%
Effective Maturity	2 Months 8 Days
Modified Duration	2 Months 8 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,334
31 Mar 23	₹10,909
31 Mar 24	₹11,688
31 Mar 25	₹12,538
31 Mar 26	₹13,303

Kotak Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Kotak Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3.1%
1 Year	6.2%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.5%
2024	7.3%
2023	7%
2022	4.7%
2021	3.2%
2020	4.1%
2019	6.5%
2018	7.4%
2017	6.7%
2016	7.6%

Fund Manager information for Kotak Liquid Fund

Name	Since	Tenure
Deepak Agrawal	1 May 07	18.93 Yr.
Sunil Pandey	1 Jun 25	0.83 Yr.

Data below for Kotak Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.7%
Other	0.3%

Debt Sector Allocation

Sector	Value
Cash Equivalent	74.07%
Corporate	19.17%
Government	6.46%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Current Assets/(Liabilities) Net Current Assets \| -	23%	-₹7,520 Cr
Tbill Sovereign Bonds \| -	5%	₹1,607 Cr	162,000,000
Tbill Sovereign Bonds \| -	4%	₹1,491 Cr	150,000,000
Tbill Sovereign Bonds \| -	4%	₹1,489 Cr	150,000,000
India (Republic of) - \| -	4%	₹1,486 Cr	150,000,000
5.63% Govt Stock 2026 Sovereign Bonds \| -	3%	₹1,010 Cr	101,000,000
Punjab National Bank** Cd Certificate of Deposit \| -	3%	₹991 Cr	100,000 ↑ 100,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	3%	₹990 Cr	20,000
Reliance Retail Ventures Limited Commercial Paper \| -	3%	₹989 Cr	20,000
Union Bank Of India Certificate of Deposit \| -	3%	₹866 Cr	87,500 ↑ 87,500

9. Baroda Pioneer Liquid Fund

To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

Research Highlights for Baroda Pioneer Liquid Fund

Bottom quartile AUM (₹8,599 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.19% (bottom quartile).
1M return: 0.74% (bottom quartile).
Sharpe: 2.67 (upper mid).
Information ratio: -0.80 (bottom quartile).
Yield to maturity (debt): 7.60% (bottom quartile).
Modified duration: 0.16 yrs (top quartile).
Average maturity: 0.16 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Clearing Corporation Of India Ltd (~7.8%).

Below is the key information for Baroda Pioneer Liquid Fund

Baroda Pioneer Liquid Fund Growth
Launch Date	5 Feb 09
NAV (20 Apr 26)	₹3,150.15 ↑ 0.53 (0.02 %)
Net Assets (Cr)	₹8,599 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	Baroda Pioneer Asset Management Co. Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.31
Sharpe Ratio	2.67
Information Ratio	-0.8
Alpha Ratio	-0.02
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.6%
Effective Maturity	1 Month 26 Days
Modified Duration	1 Month 26 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,343
31 Mar 23	₹10,935
31 Mar 24	₹11,719
31 Mar 25	₹12,568
31 Mar 26	₹13,330

Baroda Pioneer Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Baroda Pioneer Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.7%
3 Month	1.7%
6 Month	3.2%
1 Year	6.2%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.4%
2024	7.3%
2023	7%
2022	4.9%
2021	3.3%
2020	4.1%
2019	6.6%
2018	7.5%
2017	6.7%
2016	7.8%

Fund Manager information for Baroda Pioneer Liquid Fund

Name	Since	Tenure
Gurvinder Wasan	21 Oct 24	1.44 Yr.
Vikram Pamnani	14 Mar 22	4.05 Yr.

Data below for Baroda Pioneer Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.8%
Other	0.2%

Debt Sector Allocation

Sector	Value
Cash Equivalent	69.95%
Corporate	25.11%
Government	4.73%

Credit Quality

Rating	Value
AA	0.82%
AAA	99.18%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	8%	₹1,013 Cr
Rec Limited Commercial Paper \| -	4%	₹516 Cr	10,500 ↑ 10,500
Tbill Sovereign Bonds \| -	3%	₹397 Cr	40,000,000
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	3%	₹350 Cr
Small Industries Development Bk Of India ** # Commercial Paper \| -	2%	₹300 Cr	6,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	2%	₹297 Cr	6,000
Export-Import Bank Of India Certificate of Deposit \| -	2%	₹295 Cr	6,000
Bank Of India Certificate of Deposit \| -	2%	₹250 Cr	5,000
Embassy Office Parks Reit Commercial Paper \| -	2%	₹250 Cr	5,000
Small Industries Dev Bank Of India Commercial Paper \| -	2%	₹250 Cr	5,000

10. SBI Liquid Fund

(Erstwhile SBI - Premier Liquid Fund)

To provide attractive returns to the Magnum/Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.

Research Highlights for SBI Liquid Fund

Highest AUM (₹57,891 Cr).
Established history (19+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.21% (bottom quartile).
1M return: 0.76% (lower mid).
Sharpe: 2.48 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.58% (bottom quartile).
Modified duration: 0.17 yrs (upper mid).
Average maturity: 0.18 yrs (upper mid).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Net Receivable / Payable (~16.5%).

Below is the key information for SBI Liquid Fund

SBI Liquid Fund Growth
Launch Date	22 Mar 07
NAV (20 Apr 26)	₹4,283 ↑ 0.71 (0.02 %)
Net Assets (Cr)	₹57,891 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	SBI Funds Management Private Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.3
Sharpe Ratio	2.48
Information Ratio	0
Alpha Ratio	0
Min Investment	50,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.58%
Effective Maturity	2 Months 5 Days
Modified Duration	2 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,336
31 Mar 23	₹10,915
31 Mar 24	₹11,694
31 Mar 25	₹12,537
31 Mar 26	₹13,297

SBI Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for SBI Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3.2%
1 Year	6.2%
3 Year	6.9%
5 Year	5.9%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.4%
2024	7.3%
2023	6.9%
2022	4.8%
2021	3.3%
2020	4.2%
2019	6.5%
2018	7.3%
2017	6.6%
2016	7.6%

Fund Manager information for SBI Liquid Fund

Name	Since	Tenure
Rajeev Radhakrishnan	1 Dec 23	2.33 Yr.

Data below for SBI Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.68%
Other	0.32%

Debt Sector Allocation

Sector	Value
Cash Equivalent	66.79%
Corporate	24.61%
Government	8.28%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Receivable / Payable CBLO \| -	17%	-₹9,575 Cr
National Bank for Agriculture and Rural Development Commercial Paper \| -	6%	₹3,446 Cr	70,000 ↑ 70,000
Punjab National Bank Certificate of Deposit \| -	5%	₹3,105 Cr	63,000 ↑ 3,000
India (Republic of) - \| -	4%	₹2,268 Cr	229,136,100
Tbill Sovereign Bonds \| -	3%	₹1,984 Cr	200,000,000
India (Republic of) - \| -	3%	₹1,981 Cr	200,000,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	3%	₹1,979 Cr	40,000
Canara Bank Certificate of Deposit \| -	3%	₹1,976 Cr	40,000 ↑ 40,000
Tbill Sovereign Bonds \| -	3%	₹1,896 Cr	190,000,000
Bank of India Ltd. Debentures \| -	3%	₹1,883 Cr	38,000

Disclaimer:
এখানে প্রদত্ত তথ্য সঠিক কিনা তা নিশ্চিত করার জন্য সমস্ত প্রচেষ্টা করা হয়েছে। যাইহোক, তথ্যের সঠিকতা সম্পর্কে কোন গ্যারান্টি দেওয়া হয় না। কোনো বিনিয়োগ করার আগে স্কিমের তথ্য নথির সাথে যাচাই করুন।