മികച്ച 10 ലിക്വിഡ് മ്യൂച്വൽ ഫണ്ടുകൾ 2022

Updated on October 19, 2025 , 14723 views

ലിക്വിഡ് ഫണ്ടുകൾ മിച്ചമുള്ള പണത്തിനുള്ള ഏറ്റവും മികച്ച ഓപ്ഷനുകളാണ്ബാങ്ക് അക്കൗണ്ട്. ലിക്വിഡ് ഫണ്ടുകൾ ഇവയാണ്മ്യൂച്വൽ ഫണ്ടുകൾ നിങ്ങളുടെ പണം വളരെ ചുരുങ്ങിയ സമയത്തേക്ക് നിക്ഷേപിക്കുകപണ വിപണി ട്രഷറി ബില്ലുകൾ, വാണിജ്യ പേപ്പറുകൾ, തുടങ്ങിയ ഉപകരണങ്ങൾനിക്ഷേപ സാക്ഷ്യപത്രം, തുടങ്ങിയവ.

ഈ ഫണ്ടുകൾ വളരെ ദ്രാവക സ്വഭാവമുള്ളവയാണ്, അവയ്ക്ക് എൻട്രി അല്ലെങ്കിൽ എക്സിറ്റ് ലോഡ് ഇല്ല. ലിക്വിഡ് ഫണ്ടുകൾ വാഗ്ദാനം ചെയ്യുന്ന പരമോന്നത നേട്ടങ്ങൾ കാരണം; ഫിക്സഡ് ഡിപ്പോസിറ്റുകളേക്കാൾ മികച്ച നിക്ഷേപ ഓപ്ഷനായി അവ പലപ്പോഴും കണക്കാക്കപ്പെടുന്നുസേവിംഗ്സ് അക്കൗണ്ട്.

മികച്ച 10 ലിക്വിഡ് മ്യൂച്വൽ ഫണ്ടുകൾ വിട്ടുവീഴ്ച ചെയ്യാതെ മികച്ച വരുമാനം നേടാനുള്ള അവസരം നൽകുന്നുദ്രവ്യത ഘടകങ്ങൾ. മികച്ച പ്രകടനം നടത്തുന്ന ലിക്വിഡ് ഫണ്ടുകൾ ചുരുങ്ങിയ സമയത്തിനുള്ളിൽ മികച്ച വരുമാനം നേടാൻ നിങ്ങളെ അനുവദിക്കുന്നു. ലിക്വിഡ് ഫണ്ടുകളുടെ ശരാശരി കാലാവധി 91 ദിവസത്തിൽ കുറവായതിനാൽ, ഹ്രസ്വകാലത്തേക്ക് നോക്കുന്ന നിക്ഷേപകർക്ക് ഇത് ഏറ്റവും അനുയോജ്യമാണ്.നിക്ഷേപ പദ്ധതി. കൂടാതെ, ലിക്വിഡ് മ്യൂച്വൽ ഫണ്ടുകളെ അധികം ബാധിക്കാത്തതിനാൽവിപണി അസ്ഥിരത, അപകടസാധ്യത ഘടകങ്ങളെ കുറിച്ച് ആകുലപ്പെടാതെ നിക്ഷേപകർക്ക് എളുപ്പത്തിൽ നിക്ഷേപിക്കാൻ കഴിയും.

ലിക്വിഡ് ഫണ്ടുകളിൽ നിക്ഷേപിക്കുന്നതിന്റെ പ്രധാന നേട്ടങ്ങൾ

പ്രധാനപ്പെട്ട ചിലത്നിക്ഷേപത്തിന്റെ നേട്ടങ്ങൾ ലിക്വിഡ് മ്യൂച്വൽ ഫണ്ടുകളിൽ ഇവയാണ്:

ലിക്വിഡ് ഫണ്ടിൽ, 24 മണിക്കൂറിനുള്ളിൽ നിങ്ങളുടെ ഫണ്ടുകൾ പിൻവലിക്കാം
ലിക്വിഡ് ഫണ്ടുകൾ എന്ന നിലയിൽ പ്രധാനമായും ഫിക്സഡ് നിക്ഷേപത്തിലാണ്വരുമാനം ചെറിയ മെച്യൂരിറ്റി കാലയളവുള്ള സെക്യൂരിറ്റികൾ, മറ്റുള്ളവയുമായി താരതമ്യം ചെയ്യുമ്പോൾ ഏറ്റവും കുറഞ്ഞ പലിശ നിരക്ക് റിസ്ക് ആണ്കടം മ്യൂച്വൽ ഫണ്ട്
ലിക്വിഡ് മ്യൂച്വൽ ഫണ്ടുകൾ പ്രതിവർഷം ശരാശരി 7.5-8% വരുമാനം വാഗ്ദാനം ചെയ്യുന്നു
ഈ ഫണ്ടുകൾക്ക് ലോക്ക്-ഇൻ കാലയളവ് ഇല്ല, അതിനർത്ഥം ആവശ്യമുള്ളിടത്തെല്ലാം നിങ്ങളുടെ പണം റിഡീം ചെയ്യാമെന്നാണ്
ലിക്വിഡ് ഫണ്ടുകൾ വിലയേറിയ നികുതി ആനുകൂല്യങ്ങൾ വാഗ്ദാനം ചെയ്യുന്നു

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മികച്ച 10 ലിക്വിഡ് മ്യൂച്വൽ ഫണ്ടുകൾ FY 22 - 23

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Indiabulls Liquid Fund Growth	₹2,569.41 ↑ 0.42	₹303	0.5	1.4	3	6.8	7.4	5.88%	1M 3D	1M 3D
PGIM India Insta Cash Fund Growth	₹345.89 ↑ 0.05	₹527	0.5	1.4	3	6.8	7.3	5.83%	20D	22D
JM Liquid Fund Growth	₹72.4944 ↑ 0.01	₹2,695	0.5	1.4	3	6.6	7.2	5.83%	1M 7D	1M 9D
Axis Liquid Fund Growth	₹2,959.33 ↑ 0.46	₹37,122	0.5	1.4	3	6.8	7.4	5.9%	1M 9D	1M 11D
Tata Liquid Fund Growth	₹4,185.1 ↑ 0.64	₹20,404	0.5	1.4	3	6.7	7.3	5.94%	1M 9D	1M 9D
Invesco India Liquid Fund Growth	₹3,652.27 ↑ 0.57	₹14,543	0.5	1.4	3	6.7	7.4	5.84%	1M 10D	1M 10D
Aditya Birla Sun Life Liquid Fund Growth	₹428.241 ↑ 0.07	₹49,721	0.5	1.4	3	6.7	7.3	6%	1M 2D	1M 2D
Nippon India Liquid Fund Growth	₹6,485.46 ↑ 1.00	₹30,965	0.5	1.4	3	6.7	7.3	5.89%	1M 10D	1M 13D
ICICI Prudential Liquid Fund Growth	₹393.324 ↑ 0.06	₹52,340	0.5	1.4	3	6.7	7.4	5.87%	1M 1D	1M 4D
Baroda Pioneer Liquid Fund Growth	₹3,054.85 ↑ 0.47	₹10,150	0.5	1.4	2.9	6.6	7.3	5.88%	1M 8D	1M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 10 Funds showcased

Commentary	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	JM Liquid Fund	Axis Liquid Fund	Tata Liquid Fund	Invesco India Liquid Fund	Aditya Birla Sun Life Liquid Fund	Nippon India Liquid Fund	ICICI Prudential Liquid Fund	Baroda Pioneer Liquid Fund
Point 1	Bottom quartile AUM (₹303 Cr).	Bottom quartile AUM (₹527 Cr).	Bottom quartile AUM (₹2,695 Cr).	Upper mid AUM (₹37,122 Cr).	Upper mid AUM (₹20,404 Cr).	Lower mid AUM (₹14,543 Cr).	Top quartile AUM (₹49,721 Cr).	Upper mid AUM (₹30,965 Cr).	Highest AUM (₹52,340 Cr).	Lower mid AUM (₹10,150 Cr).
Point 2	Established history (13+ yrs).	Established history (18+ yrs).	Oldest track record among peers (27 yrs).	Established history (16+ yrs).	Established history (21+ yrs).	Established history (18+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (19+ yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 5★ (top quartile).	Rating: 5★ (upper mid).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.77% (top quartile).	1Y return: 6.76% (upper mid).	1Y return: 6.63% (bottom quartile).	1Y return: 6.77% (top quartile).	1Y return: 6.74% (upper mid).	1Y return: 6.73% (upper mid).	1Y return: 6.73% (lower mid).	1Y return: 6.71% (lower mid).	1Y return: 6.70% (bottom quartile).	1Y return: 6.64% (bottom quartile).
Point 6	1M return: 0.48% (top quartile).	1M return: 0.47% (upper mid).	1M return: 0.46% (bottom quartile).	1M return: 0.48% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (lower mid).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (lower mid).
Point 7	Sharpe: 3.54 (upper mid).	Sharpe: 3.57 (top quartile).	Sharpe: 2.95 (bottom quartile).	Sharpe: 3.41 (lower mid).	Sharpe: 3.56 (upper mid).	Sharpe: 3.79 (top quartile).	Sharpe: 3.41 (upper mid).	Sharpe: 3.30 (bottom quartile).	Sharpe: 3.34 (lower mid).	Sharpe: 3.07 (bottom quartile).
Point 8	Information ratio: -1.18 (bottom quartile).	Information ratio: -0.64 (lower mid).	Information ratio: -2.17 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: -0.74 (lower mid).	Information ratio: -1.18 (bottom quartile).
Point 9	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.83% (bottom quartile).	Yield to maturity (debt): 5.83% (bottom quartile).	Yield to maturity (debt): 5.90% (upper mid).	Yield to maturity (debt): 5.94% (top quartile).	Yield to maturity (debt): 5.84% (bottom quartile).	Yield to maturity (debt): 6.00% (top quartile).	Yield to maturity (debt): 5.89% (upper mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 5.88% (lower mid).
Point 10	Modified duration: 0.09 yrs (upper mid).	Modified duration: 0.06 yrs (top quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.09 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.11 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹303 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.77% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 3.54 (upper mid).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.09 yrs (upper mid).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹527 Cr).
Established history (18+ yrs).
Rating: 5★ (top quartile).
Risk profile: Low.
1Y return: 6.76% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.57 (top quartile).
Information ratio: -0.64 (lower mid).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.06 yrs (top quartile).

JM Liquid Fund

Bottom quartile AUM (₹2,695 Cr).
Oldest track record among peers (27 yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.63% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 2.95 (bottom quartile).
Information ratio: -2.17 (bottom quartile).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.10 yrs (upper mid).

Axis Liquid Fund

Upper mid AUM (₹37,122 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.77% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 3.41 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.90% (upper mid).
Modified duration: 0.11 yrs (lower mid).

Tata Liquid Fund

Upper mid AUM (₹20,404 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.74% (upper mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.56 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.94% (top quartile).
Modified duration: 0.11 yrs (bottom quartile).

Invesco India Liquid Fund

Lower mid AUM (₹14,543 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.73% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.79 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.84% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Aditya Birla Sun Life Liquid Fund

Top quartile AUM (₹49,721 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.73% (lower mid).
1M return: 0.47% (upper mid).
Sharpe: 3.41 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.00% (top quartile).
Modified duration: 0.09 yrs (upper mid).

Nippon India Liquid Fund

Upper mid AUM (₹30,965 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.71% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.30 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.89% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).

ICICI Prudential Liquid Fund

Highest AUM (₹52,340 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.70% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.34 (lower mid).
Information ratio: -0.74 (lower mid).
Yield to maturity (debt): 5.87% (lower mid).
Modified duration: 0.09 yrs (top quartile).

Baroda Pioneer Liquid Fund

Lower mid AUM (₹10,150 Cr).
Established history (16+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.64% (bottom quartile).
1M return: 0.47% (lower mid).
Sharpe: 3.07 (bottom quartile).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (lower mid).
Modified duration: 0.11 yrs (lower mid).

1. Indiabulls Liquid Fund

To provide a high level of liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of up to 91days. However, there can be no assurance that the investment objective of the scheme will be achieved.

Research Highlights for Indiabulls Liquid Fund

Bottom quartile AUM (₹303 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.77% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 3.54 (upper mid).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.09 yrs (upper mid).
Average maturity: 0.09 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 National Bank For Agriculture And Rural Development (~14.7%).
Top-3 holdings concentration ~43.8%.

Below is the key information for Indiabulls Liquid Fund

Indiabulls Liquid Fund Growth
Launch Date	27 Oct 11
NAV (20 Oct 25)	₹2,569.41 ↑ 0.42 (0.02 %)
Net Assets (Cr)	₹303 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Indiabulls Asset Management Company Ltd.
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.2
Sharpe Ratio	3.54
Information Ratio	-1.18
Alpha Ratio	-0.03
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.88%
Effective Maturity	1 Month 3 Days
Modified Duration	1 Month 3 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,309
30 Sep 22	₹10,700
30 Sep 23	₹11,403
30 Sep 24	₹12,241
30 Sep 25	₹13,079

Indiabulls 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 Indiabulls 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.8%
3 Year	6.9%
5 Year	5.5%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	6.8%
2022	4.6%
2021	3.1%
2020	3.9%
2019	6.6%
2018	7.3%
2017	6.7%
2016	7.8%
2015	8.5%

Fund Manager information for Indiabulls Liquid Fund

Name	Since	Tenure
Kaustubh Sule	11 May 23	2.31 Yr.

Data below for Indiabulls Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.6%
Other	0.4%

Debt Sector Allocation

Sector	Value
Cash Equivalent	81.54%
Corporate	17.39%
Government	0.67%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	15%	₹25 Cr	2,500,000
Indian Oil Corporation Ltd. Commercial Paper \| -	15%	₹25 Cr	2,500,000
91 Days Treasury Bill 28-Nov-2025 Sovereign Bonds \| -	15%	₹25 Cr	2,500,000
Icici Securities Limited 13-Nov-2025** Net Current Assets \| -	9%	₹15 Cr	1,500,000
Kotak Mahindra Bank Limited 2025 Certificate of Deposit \| -	9%	₹15 Cr	1,500,000 ↓ -1,000,000
Punjab National Bank Certificate of Deposit \| -	9%	₹15 Cr	1,500,000 ↑ 1,500,000
Ccil CBLO/Reverse Repo \| -	9%	₹15 Cr	14,810 ↑ 14,810
LIC Housing Finance Limited Commercial Paper \| -	6%	₹10 Cr	1,000,000 ↓ -1,500,000
Reverse Repo 16-Sep-25 CBLO/Reverse Repo \| -	3%	₹5 Cr
Icici Securities Limited Commercial Paper \| -	3%	₹5 Cr	500,000

2. PGIM India Insta Cash Fund

(Erstwhile DHFL Pramerica Insta Cash Plus Fund)

To generate steady returns along with high liquidity by investing in a portfolio of short-term, high quality money market and debt instruments.

Research Highlights for PGIM India Insta Cash Fund

Bottom quartile AUM (₹527 Cr).
Established history (18+ yrs).
Rating: 5★ (top quartile).
Risk profile: Low.
1Y return: 6.76% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.57 (top quartile).
Information ratio: -0.64 (lower mid).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.06 yrs (top quartile).
Average maturity: 0.06 yrs (top quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding Clearing Corporation Of India Ltd. (~15.0%).

Below is the key information for PGIM India Insta Cash Fund

PGIM India Insta Cash Fund Growth
Launch Date	5 Sep 07
NAV (20 Oct 25)	₹345.89 ↑ 0.05 (0.02 %)
Net Assets (Cr)	₹527 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Pramerica Asset Managers Private Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	3.57
Information Ratio	-0.64
Alpha Ratio	-0.05
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	5.83%
Effective Maturity	22 Days
Modified Duration	20 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,319
30 Sep 22	₹10,736
30 Sep 23	₹11,471
30 Sep 24	₹12,309
30 Sep 25	₹13,150

PGIM India Insta Cash 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 PGIM India Insta Cash 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.8%
3 Year	7%
5 Year	5.7%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.3%
2023	7%
2022	4.8%
2021	3.3%
2020	4.2%
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%

Fund Manager information for PGIM India Insta Cash Fund

Name	Since	Tenure
Bhupesh Kalyani	13 Sep 22	2.97 Yr.
Puneet Pal	16 Jul 22	3.13 Yr.

Data below for PGIM India Insta Cash Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	97.04%
Debt	2.57%
Other	0.39%

Debt Sector Allocation

Sector	Value
Cash Equivalent	76%
Corporate	21.05%
Government	2.57%

Credit Quality

Rating	Value
AA	0.24%
AAA	99.76%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Clearing Corporation Of India Ltd. CBLO/Reverse Repo \| -	15%	₹87 Cr
364 DTB 11122025 Sovereign Bonds \| -	7%	₹39 Cr	4,000,000 ↑ 4,000,000
91 Days Tbill Red 11-12-2025 Sovereign Bonds \| -	6%	₹35 Cr	3,500,000 ↑ 3,500,000
Bharti Telecom Limited Commercial Paper \| -	4%	₹25 Cr	2,500,000
Godrej Consumer Products Ltd. Commercial Paper \| -	4%	₹25 Cr	2,500,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	4%	₹25 Cr	2,500,000
Tata Capital Housing Finance Limited Commercial Paper \| -	4%	₹25 Cr	2,500,000
364 DTB 21112025 Sovereign Bonds \| -	4%	₹25 Cr	2,500,000 ↑ 2,500,000
Axis Bank Ltd. Debentures \| -	4%	₹25 Cr	2,500,000
Indian Oil Corporation Ltd. ** Net Current Assets \| -	4%	₹25 Cr	2,500,000 ↑ 2,500,000

3. JM Liquid Fund

(Erstwhile JM High Liquidity Fund)

To provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments.

Research Highlights for JM Liquid Fund

Bottom quartile AUM (₹2,695 Cr).
Oldest track record among peers (27 yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.63% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 2.95 (bottom quartile).
Information ratio: -2.17 (bottom quartile).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.10 yrs (upper mid).
Average maturity: 0.11 yrs (lower mid).
Exit load: NIL.
Top sector: Consumer Cyclical.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Reliance Industries Ltd. (~10.3%).

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (22 Oct 25)	₹72.4944 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹2,695 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	2.95
Information Ratio	-2.17
Alpha Ratio	-0.14
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.83%
Effective Maturity	1 Month 9 Days
Modified Duration	1 Month 7 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,320
30 Sep 22	₹10,742
30 Sep 23	₹11,471
30 Sep 24	₹12,305
30 Sep 25	₹13,131

JM 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 JM 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.6%
3 Year	6.9%
5 Year	5.6%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	7%
2022	4.8%
2021	3.3%
2020	4%
2019	6.6%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	0.82 Yr.
Ruchi Fozdar	3 Apr 24	1.41 Yr.
Jayant Dhoot	1 Aug 25	0.08 Yr.

Data below for JM Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.59%
Other	0.41%

Debt Sector Allocation

Sector	Value
Cash Equivalent	80.32%
Corporate	19.12%
Government	0.15%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd. Commercial Paper \| -	10%	₹200 Cr	20,000,000 ↑ 15,000,000
Indian Bank Certificate of Deposit \| -	6%	₹124 Cr	12,500,000
91 Days Treasury Bill 11-Dec-2025 Sovereign Bonds \| -	5%	₹99 Cr	10,000,000 ↑ 10,000,000
91 Days Treasury Bill 20-Nov-2025 Sovereign Bonds \| -	4%	₹74 Cr	7,500,000
Godrej Agrovet Limited 21-Nov-2025** Net Current Assets \| -	4%	₹74 Cr	7,500,000
Canara Bank 27-Nov-2025**# Net Current Assets \| -	4%	₹74 Cr	7,500,000
91 Days Treasury Bill 04-Dec-2025 Sovereign Bonds \| -	3%	₹51 Cr	5,200,000 ↑ 5,200,000
Bajaj Finance Limited Commercial Paper \| -	3%	₹50 Cr	5,000,000
Bank Of Baroda Certificate of Deposit \| -	3%	₹50 Cr	5,000,000
Canara Bank Certificate of Deposit \| -	3%	₹50 Cr	5,000,000

4. 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 (₹37,122 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.77% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 3.41 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.90% (upper mid).
Modified duration: 0.11 yrs (lower mid).
Average maturity: 0.12 yrs (bottom quartile).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Clearing Corporation Of India Ltd (~5.7%).

Below is the key information for Axis Liquid Fund

Axis Liquid Fund Growth
Launch Date	9 Oct 09
NAV (22 Oct 25)	₹2,959.33 ↑ 0.46 (0.02 %)
Net Assets (Cr)	₹37,122 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.23
Sharpe Ratio	3.41
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	5.9%
Effective Maturity	1 Month 11 Days
Modified Duration	1 Month 9 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,320
30 Sep 22	₹10,742
30 Sep 23	₹11,484
30 Sep 24	₹12,333
30 Sep 25	₹13,178

Axis 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 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.8%
3 Year	7%
5 Year	5.7%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	8.4%

Fund Manager information for Axis Liquid Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	12.83 Yr.
Aditya Pagaria	13 Aug 16	9.06 Yr.
Sachin Jain	3 Jul 23	2.17 Yr.

Data below for Axis Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.75%
Other	0.25%

Debt Sector Allocation

Sector	Value
Cash Equivalent	81.21%
Corporate	14.35%
Government	4.19%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	6%	₹2,141 Cr
91 Days Tbill (Md 28/11/2025) Sovereign Bonds \| -	4%	₹1,484 Cr	150,000,000
Punjab National Bank Certificate of Deposit \| -	4%	₹1,350 Cr	27,000
91 Days Tbill (Md 28/08/2025) Sovereign Bonds \| -	3%	₹1,231 Cr	123,124,300 ↓ -5,000,000
India (Republic of) - \| -	3%	₹997 Cr	100,000,000 ↓ -50,000,000
HDFC Bank Ltd. Certificate of Deposit \| -	3%	₹995 Cr	20,000
Bajaj Housing Finance Ltd. Commercial Paper \| -	3%	₹992 Cr	20,000
Indian Bank (17/11/2025) Net Current Assets \| -	3%	₹990 Cr	20,000
Bank Of Baroda Certificate of Deposit \| -	3%	₹950 Cr	19,000
Mahindra & Mahindra Financial Services Limited (13/11/2025) ** Net Current Assets \| -	3%	₹940 Cr	19,000

5. Tata Liquid Fund

(Erstwhile TATA Money Market Fund )

To create a highly liquid portfolio of money market instruments so as to provide reasonable returns and high liquidity to the unitholders.

Research Highlights for Tata Liquid Fund

Upper mid AUM (₹20,404 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.74% (upper mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.56 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.94% (top quartile).
Modified duration: 0.11 yrs (bottom quartile).
Average maturity: 0.11 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 ** Treasury Bill 91 Days (04/12/2025) (~5.0%).

Below is the key information for Tata Liquid Fund

Tata Liquid Fund Growth
Launch Date	1 Sep 04
NAV (21 Oct 25)	₹4,185.1 ↑ 0.64 (0.02 %)
Net Assets (Cr)	₹20,404 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Tata Asset Management Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.39
Sharpe Ratio	3.56
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.94%
Effective Maturity	1 Month 9 Days
Modified Duration	1 Month 9 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,315
30 Sep 22	₹10,727
30 Sep 23	₹11,456
30 Sep 24	₹12,295
30 Sep 25	₹13,134

Tata 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 Tata 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.7%
3 Year	7%
5 Year	5.6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.3%
2023	7%
2022	4.8%
2021	3.2%
2020	4.3%
2019	6.6%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%

Fund Manager information for Tata Liquid Fund

Name	Since	Tenure
Amit Somani	16 Oct 13	11.88 Yr.
Abhishek Sonthalia	6 Feb 20	5.57 Yr.
Harsh Dave	1 Aug 24	1.08 Yr.

Data below for Tata Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.74%
Other	0.26%

Debt Sector Allocation

Sector	Value
Cash Equivalent	84.27%
Corporate	12.78%
Government	2.69%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
** Treasury Bill 91 Days (04/12/2025) Sovereign Bonds \| -	5%	₹1,250 Cr	126,500,000 ↑ 126,500,000
** - Exim - Cp - 12/12/2025 Net Current Assets \| -	4%	₹1,110 Cr	22,500 ↑ 22,500
** Treasury Bill 91 Days (11/12/2025) Sovereign Bonds \| -	4%	₹987 Cr	100,000,000 ↑ 100,000,000
91 Days Tbill Red 16-10-2025 Sovereign Bonds \| -	4%	₹946 Cr	95,000,000
Reliance Retail Ventures Limited Commercial Paper \| -	4%	₹925 Cr	18,500
** - Pnb Housing Finance Ltd - Cp - 17/11/2025 Net Current Assets \| -	3%	₹742 Cr	15,000
** - Indusind Bank Ltd - Cd - 20/11/2025 Net Current Assets \| -	3%	₹742 Cr	15,000
** - Reliance Retail Ventures Ltd - Cp - 25/11/2025 Net Current Assets \| -	3%	₹643 Cr	13,000
Indian Oil Corporation Ltd. Commercial Paper \| -	2%	₹624 Cr	12,500 ↑ 3,000
Bharti Telecom Limited Commercial Paper \| -	2%	₹621 Cr	12,500

6. Invesco India Liquid Fund

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

Research Highlights for Invesco India Liquid Fund

Lower mid AUM (₹14,543 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.73% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.79 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.84% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).
Average maturity: 0.11 yrs (bottom quartile).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~94%).
High-quality debt (AAA/AA ~100%).
Largest holding Triparty Repo (~3.9%).

Below is the key information for Invesco India Liquid Fund

Invesco India Liquid Fund Growth
Launch Date	17 Nov 06
NAV (21 Oct 25)	₹3,652.27 ↑ 0.57 (0.02 %)
Net Assets (Cr)	₹14,543 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	3.79
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.84%
Effective Maturity	1 Month 10 Days
Modified Duration	1 Month 10 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,318
30 Sep 22	₹10,736
30 Sep 23	₹11,469
30 Sep 24	₹12,316
30 Sep 25	₹13,155

Invesco India 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 Invesco India 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.7%
3 Year	7%
5 Year	5.7%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7%
2022	4.8%
2021	3.3%
2020	4.1%
2019	6.5%
2018	7.4%
2017	6.7%
2016	7.6%
2015	8.4%

Fund Manager information for Invesco India Liquid Fund

Name	Since	Tenure
Krishna Cheemalapati	25 Apr 11	14.36 Yr.

Data below for Invesco India Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	93.83%
Debt	5.93%
Other	0.24%

Debt Sector Allocation

Sector	Value
Cash Equivalent	81.27%
Corporate	9.8%
Government	8.69%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Triparty Repo CBLO/Reverse Repo \| -	4%	₹556 Cr
Axis Bank Ltd. Debentures \| -	3%	₹495 Cr	50,000,000
91 Days Tbill Red 16-10-2025 Sovereign Bonds \| -	3%	₹448 Cr	45,000,000
91 Days Tbill 2025 Sovereign Bonds \| -	3%	₹395 Cr	40,000,000 ↑ 40,000,000
91 Days Tbill Red 30-10-2025 Sovereign Bonds \| -	3%	₹373 Cr	37,500,000 ↑ 25,000,000
91 Days Tbill 2025 Sovereign Bonds \| -	2%	₹347 Cr	35,018,800
Bank Of Baroda Certificate of Deposit \| -	2%	₹346 Cr	35,000,000 ↑ 35,000,000
182 Days Tbill Sovereign Bonds \| -	2%	₹320 Cr	32,000,000
Titan Company Limited Debentures \| -	2%	₹250 Cr	25,000,000
Reliance Industries Ltd. Commercial Paper \| -	2%	₹250 Cr	25,000,000

7. 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 (₹49,721 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.73% (lower mid).
1M return: 0.47% (upper mid).
Sharpe: 3.41 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.00% (top quartile).
Modified duration: 0.09 yrs (upper mid).
Average maturity: 0.09 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~93%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Limited (~4.1%).

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 (22 Oct 25)	₹428.241 ↑ 0.07 (0.02 %)
Net Assets (Cr)	₹49,721 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.34
Sharpe Ratio	3.41
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6%
Effective Maturity	1 Month 2 Days
Modified Duration	1 Month 2 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,317
30 Sep 22	₹10,735
30 Sep 23	₹11,476
30 Sep 24	₹12,321
30 Sep 25	₹13,160

Aditya Birla Sun Life 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 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.7%
3 Year	7%
5 Year	5.7%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	8.4%

Fund Manager information for Aditya Birla Sun Life Liquid Fund

Name	Since	Tenure
Sunaina Cunha	15 Jul 11	14.14 Yr.
Kaustubh Gupta	15 Jul 11	14.14 Yr.
Sanjay Pawar	1 Jul 22	3.17 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	93.46%
Debt	6.31%
Other	0.23%

Debt Sector Allocation

Sector	Value
Cash Equivalent	77.4%
Corporate	13.67%
Government	8.71%

Credit Quality

Rating	Value
AA	0.08%
AAA	99.92%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Limited Certificate of Deposit \| -	4%	₹2,459 Cr	49,800 ↑ 49,800
91 Dtb 04dec2025 Sovereign Bonds \| -	4%	₹2,406 Cr	243,474,300 ↑ 243,474,300
8.2% Govt Stock 2025 Sovereign Bonds \| -	3%	₹1,938 Cr	193,701,000
Net Receivables / (Payables) Net Current Assets \| -	2%	-₹1,445 Cr
Bank Of India (04/12/2025) ** # Net Current Assets \| -	2%	₹1,185 Cr	24,000 ↑ 24,000
Indusind Bank Ltd. Debentures \| -	2%	₹999 Cr	20,000
364 DTB 27112025 Sovereign Bonds \| -	2%	₹989 Cr	100,000,000 ↑ 100,000,000
Indusind Bank Limited (18/11/2025) ** # Net Current Assets \| -	2%	₹989 Cr	20,000
Tata Steel Limited (08/12/2025) ** Net Current Assets \| -	2%	₹986 Cr	20,000 ↑ 20,000
Bharti Airtel Ltd. Commercial Paper \| -	2%	₹899 Cr	18,000

8. Nippon India Liquid Fund

(Erstwhile Reliance Liquid Fund - Treasury Plan)

The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Research Highlights for Nippon India Liquid Fund

Upper mid AUM (₹30,965 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.71% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.30 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.89% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).
Average maturity: 0.12 yrs (bottom 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 Reverse Repo (~4.4%).

Below is the key information for Nippon India Liquid Fund

Nippon India Liquid Fund Growth
Launch Date	9 Dec 03
NAV (22 Oct 25)	₹6,485.46 ↑ 1.00 (0.02 %)
Net Assets (Cr)	₹30,965 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.33
Sharpe Ratio	3.3
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	5.89%
Effective Maturity	1 Month 13 Days
Modified Duration	1 Month 10 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,314
30 Sep 22	₹10,727
30 Sep 23	₹11,458
30 Sep 24	₹12,297
30 Sep 25	₹13,132

Nippon India 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 Nippon India 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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.7%
3 Year	7%
5 Year	5.6%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.3%
2023	7%
2022	4.8%
2021	3.2%
2020	4.3%
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.3%

Fund Manager information for Nippon India Liquid Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.28 Yr.
Vikash Agarwal	14 Sep 24	0.96 Yr.

Data below for Nippon India Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.71%
Other	0.29%

Debt Sector Allocation

Sector	Value
Cash Equivalent	81.87%
Corporate	14.42%
Government	3.41%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reverse Repo CBLO/Reverse Repo \| -	4%	₹1,403 Cr
91 Days Tbill Red 23-10-2025 Sovereign Bonds \| -	3%	₹876 Cr	88,131,200
91 Days Tbill Net Current Assets \| -	2%	₹790 Cr	80,000,000 ↑ 80,000,000
Karur Vysya Bank Limited** Net Current Assets \| -	2%	₹741 Cr	15,000
182 DTB 18102024 Sovereign Bonds \| -	2%	₹694 Cr	69,500,000 ↓ -6,000,000
Indian Bank Certificate of Deposit \| -	2%	₹521 Cr	10,500
Union Bank Of India Certificate of Deposit \| -	2%	₹500 Cr	10,000 ↓ -8,000
Bank Of Baroda Certificate of Deposit \| -	2%	₹499 Cr	10,000
Reliance Jio Infocomm Ltd. Commercial Paper \| -	2%	₹497 Cr	10,000
Small Industries Development Bk Of India Commercial Paper \| -	2%	₹497 Cr	10,000

9. 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

Highest AUM (₹52,340 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.70% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.34 (lower mid).
Information ratio: -0.74 (lower mid).
Yield to maturity (debt): 5.87% (lower mid).
Modified duration: 0.09 yrs (top quartile).
Average maturity: 0.09 yrs (upper mid).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~90%).
High-quality debt (AAA/AA ~100%).
Largest holding Small Industries Development Bank Of India. ** (~5.6%).

Below is the key information for ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund Growth
Launch Date	17 Nov 05
NAV (21 Oct 25)	₹393.324 ↑ 0.06 (0.02 %)
Net Assets (Cr)	₹52,340 on 15 Sep 25
Category	Debt - Liquid Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.29
Sharpe Ratio	3.34
Information Ratio	-0.74
Alpha Ratio	-0.07
Min Investment	500
Min SIP Investment	99
Exit Load	NIL
Yield to Maturity	5.87%
Effective Maturity	1 Month 4 Days
Modified Duration	1 Month 1 Day

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,316
30 Sep 22	₹10,728
30 Sep 23	₹11,459
30 Sep 24	₹12,303
30 Sep 25	₹13,138

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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6.7%
3 Year	7%
5 Year	5.6%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	8.3%

Fund Manager information for ICICI Prudential Liquid Fund

Name	Since	Tenure
Nikhil Kabra	1 Dec 23	1.75 Yr.
Darshil Dedhia	12 Jun 23	2.22 Yr.

Data below for ICICI Prudential Liquid Fund as on 15 Sep 25

Asset Allocation

Asset Class	Value
Cash	90.14%
Debt	9.59%
Other	0.26%

Debt Sector Allocation

Sector	Value
Cash Equivalent	75.05%
Corporate	12.96%
Government	11.72%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bank Of India. ** Net Current Assets \| -	6%	₹2,957 Cr	60,000 ↑ 60,000
Treps CBLO/Reverse Repo \| -	4%	₹2,331 Cr
91 Days Treasury Bills Sovereign Bonds \| -	3%	₹1,728 Cr	175,000,000 ↑ 175,000,000
91 Days Treasury Bills Sovereign Bonds \| -	3%	₹1,611 Cr	162,641,000
Indian Oil Corporation Ltd. Commercial Paper \| -	2%	₹1,224 Cr	24,500 ↑ 1,500
91 Days Treasury Bills Sovereign Bonds \| -	2%	₹1,189 Cr	120,178,200
Indusind Bank Ltd. ** Net Current Assets \| -	2%	₹1,187 Cr	24,000
182 Days Tbill Sovereign Bonds \| -	2%	₹1,165 Cr	116,500,000 ↑ 54,000,000
India (Republic of) - \| -	2%	₹1,115 Cr	112,500,000
HDFC Bank Limited Certificate of Deposit \| -	2%	₹1,032 Cr	20,900 ↑ 20,900

10. 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

Lower mid AUM (₹10,150 Cr).
Established history (16+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.64% (bottom quartile).
1M return: 0.47% (lower mid).
Sharpe: 3.07 (bottom quartile).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (lower mid).
Modified duration: 0.11 yrs (lower mid).
Average maturity: 0.11 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 Small Industries Development Bk Of India (~4.9%).

Below is the key information for Baroda Pioneer Liquid Fund

Baroda Pioneer Liquid Fund Growth
Launch Date	5 Feb 09
NAV (22 Oct 25)	₹3,054.85 ↑ 0.47 (0.02 %)
Net Assets (Cr)	₹10,150 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	Baroda Pioneer Asset Management Co. Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.31
Sharpe Ratio	3.07
Information Ratio	-1.18
Alpha Ratio	-0.08
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.88%
Effective Maturity	1 Month 8 Days
Modified Duration	1 Month 8 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,323
30 Sep 22	₹10,748
30 Sep 23	₹11,488
30 Sep 24	₹12,326
30 Sep 25	₹13,155

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 Oct 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	2.9%
1 Year	6.6%
3 Year	7%
5 Year	5.7%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	8.4%

Fund Manager information for Baroda Pioneer Liquid Fund

Name	Since	Tenure
Gurvinder Wasan	21 Oct 24	0.86 Yr.
Vikram Pamnani	14 Mar 22	3.47 Yr.

Data below for Baroda Pioneer Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.75%
Other	0.25%

Debt Sector Allocation

Sector	Value
Cash Equivalent	75.15%
Corporate	17.27%
Government	7.33%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bk Of India Commercial Paper \| -	5%	₹497 Cr	10,000
91 Days Tbill Red 30-10-2025 Sovereign Bonds \| -	5%	₹497 Cr	50,000,000
India (Republic of) - \| -	5%	₹496 Cr	50,000,000
Ntpc Limited (03/12/2025) Net Current Assets \| -	5%	₹494 Cr	10,000 ↑ 10,000
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	5%	₹465 Cr
91 Days Tbill (Md 28/08/2025) Sovereign Bonds \| -	4%	₹449 Cr	45,000,000
Indian Bank (28/10/2025) ** # Certificate of Deposit \| -	3%	₹298 Cr	6,000
Reliance Retail Ventures Limited (13/11/2025) ** Net Current Assets \| -	3%	₹297 Cr	6,000
Canara Bank Certificate of Deposit \| -	3%	₹262 Cr	5,300 ↑ 5,300
Indian Oil Corporation Ltd. Commercial Paper \| -	2%	₹250 Cr	5,000

Disclaimer:
ഇവിടെ നൽകിയിരിക്കുന്ന വിവരങ്ങൾ കൃത്യമാണെന്ന് ഉറപ്പാക്കാൻ എല്ലാ ശ്രമങ്ങളും നടത്തിയിട്ടുണ്ട്. എന്നിരുന്നാലും, ഡാറ്റയുടെ കൃത്യത സംബന്ധിച്ച് യാതൊരു ഉറപ്പും നൽകുന്നില്ല. എന്തെങ്കിലും നിക്ഷേപം നടത്തുന്നതിന് മുമ്പ് സ്കീം വിവര രേഖ ഉപയോഗിച്ച് പരിശോധിക്കുക.