లిక్విడ్ మ్యూచువల్ ఫండ్స్: ఎలా ఎంచుకోవాలి?

Updated on November 3, 2025 , 3061 views

ద్రవంమ్యూచువల్ ఫండ్స్ తప్పనిసరిగా ఉంటాయిడబ్బు బజారు (రుణ) చిన్న పదవీకాలపు డబ్బులో పెట్టుబడి పెట్టే నిధులుసంత ట్రెజరీ బిల్లులు, టర్మ్ డిపాజిట్లు, డిపాజిట్ల సర్టిఫికేట్, వాణిజ్య పత్రాలు మొదలైన వాటితో సహా సాధనాలు. సాధారణంగా, లిక్విడ్ మ్యూచువల్ ఫండ్‌లు మీ డబ్బును చిన్న వ్యవధిలో పెట్టుబడి పెట్టడానికి ఎంపికలు. భాగమైన సెక్యూరిటీలులిక్విడ్ ఫండ్స్ 91 రోజుల కంటే తక్కువ మెచ్యూరిటీని కలిగి ఉంటుంది. లిక్విడ్ ఫండ్‌లకు లాక్-ఇన్ పీరియడ్ ఉండదు కాబట్టి ఇన్వెస్ట్ చేసిన ఆస్తులు ఎక్కువ కాలం కట్టుబడి ఉండవు, తద్వారా మీ డబ్బును అందుబాటులో ఉంచుకోండి. లిక్విడ్ ఫండ్ రాబడులు ఆర్థిక మార్కెట్‌లోని ఫండ్ పనితీరుపై ఆధారపడి ఉంటాయి కాబట్టి అవి అస్థిరంగా ఉంటాయి. ఎంచుకోవడంఉత్తమ ద్రవ నిధి అనేది చాలా కష్టమైన పని, అయినప్పటికీ, వాటిని నిర్ధారించడానికి కొన్ని పారామితులను ఉపయోగించవచ్చు.

లిక్విడ్ మ్యూచువల్ ఫండ్‌లను ఎంచుకోవడానికి ఉపయోగించే ప్రాథమిక పారామితులు క్రింది విధంగా ఉన్నాయి:

రిటర్న్స్ లేదా గత ట్రాక్ రికార్డ్
పోర్ట్‌ఫోలియో & మెచ్యూరిటీ ప్రొఫైల్
ద్రవ్యత & నిధి పరిమాణం
రేటింగ్ ఏజెన్సీ ద్వారా పనితీరు రేటింగ్

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1. లిక్విడ్ ఫండ్ రిటర్న్స్

వివిధ లిక్విడ్ ఫండ్లలో రాబడిని పరిశీలిస్తే:

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
BOI AXA Liquid Fund Growth	₹3,068.19 ↑ 0.45	₹1,824	0.5	1.4	3	6.7	7.4	5.82%	1M 10D	1M 10D
Axis Liquid Fund Growth	₹2,966.29 ↑ 0.44	₹37,122	0.5	1.4	3	6.7	7.4	5.9%	1M 9D	1M 11D
Indiabulls Liquid Fund Growth	₹2,576.33 ↑ 0.40	₹303	0.5	1.4	3	6.7	7.4	5.88%	1M 3D	1M 3D
PGIM India Insta Cash Fund Growth	₹346.805 ↑ 0.05	₹527	0.5	1.4	3	6.7	7.3	5.83%	20D	22D
Edelweiss Liquid Fund Growth	₹3,407.05 ↑ 0.49	₹10,218	0.5	1.4	3	6.7	7.3	5.83%	1M 10D	1M 10D
Canara Robeco Liquid Growth	₹3,206.48 ↑ 0.50	₹8,310	0.5	1.4	3	6.7	7.4	5.82%	1M 1D	1M 3D
Tata Liquid Fund Growth	₹4,195.55 ↑ 0.61	₹20,404	0.5	1.4	3	6.7	7.3	5.94%	1M 9D	1M 9D
UTI Liquid Cash Plan Growth	₹4,370.25 ↑ 0.63	₹25,037	0.5	1.4	3	6.7	7.3	5.93%	1M 6D	1M 6D
Invesco India Liquid Fund Growth	₹3,661.36 ↑ 0.54	₹14,543	0.5	1.4	3	6.7	7.4	5.84%	1M 10D	1M 10D
DSP Liquidity Fund Growth	₹3,803.07 ↑ 0.58	₹19,926	0.5	1.4	3	6.7	7.4	5.87%	1M 6D	1M 10D
Aditya Birla Sun Life Liquid Fund Growth	₹429.245 ↑ 0.07	₹49,721	0.5	1.4	3	6.7	7.3	6%	1M 2D	1M 2D
Mahindra Liquid Fund Growth	₹1,733.51 ↑ 0.26	₹1,231	0.5	1.4	3	6.7	7.4	5.93%	1M 6D	1M 8D
Nippon India Liquid Fund Growth	₹6,500.56 ↑ 1.00	₹30,965	0.5	1.4	3	6.7	7.3	5.89%	1M 10D	1M 13D
Mirae Asset Cash Management Fund Growth	₹2,793.24 ↑ 0.41	₹13,791	0.5	1.4	3	6.7	7.3	5.87%	1M 10D	1M 12D
Kotak Liquid Fund Growth	₹5,384.05 ↑ 0.83	₹40,675	0.5	1.4	3	6.7	7.3	5.94%	1M 10D	1M 10D
HDFC Liquid Fund Growth	₹5,225.95 ↑ 0.82	₹61,399	0.5	1.4	3	6.6	7.3	5.88%	1M 7D	1M 11D
ICICI Prudential Liquid Fund Growth	₹394.302 ↑ 0.06	₹52,340	0.5	1.4	3	6.6	7.4	5.87%	1M 1D	1M 4D
Baroda Pioneer Liquid Fund Growth	₹3,061.92 ↑ 0.45	₹10,150	0.5	1.4	2.9	6.6	7.3	5.88%	1M 8D	1M 8D
Bandhan Cash Fund Growth	₹3,216.87 ↑ 0.49	₹13,632	0.5	1.4	2.9	6.6	7.3	5.84%	1M 6D	1M 6D
LIC MF Liquid Fund Growth	₹4,814.54 ↑ 0.72	₹13,162	0.5	1.4	3	6.6	7.4	5.87%	1M 11D	1M 11D
SBI Liquid Fund Growth	₹4,162.72 ↑ 0.63	₹63,824	0.5	1.4	3	6.6	7.3	5.86%	1M 6D	1M 6D
JM Liquid Fund Growth	₹72.6636 ↑ 0.01	₹2,695	0.5	1.4	3	6.6	7.2	5.83%	1M 7D	1M 9D
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
IIFL Liquid Fund Growth	₹2,049.66 ↑ 0.29	₹910	0.5	1.4	2.9	6.5	7.2	5.81%	1M 6D	1M 10D
Sundaram Money Fund Growth	₹44.1929 ↑ 0.00	₹3,144	0.3	0.8	1.7	3.3		3.5%	1M 2D	1M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Nov 25

Research Highlights & Commentary of 25 Funds showcased

Commentary	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	Edelweiss Liquid Fund	Canara Robeco Liquid	Tata Liquid Fund	UTI Liquid Cash Plan	Invesco India Liquid Fund	DSP Liquidity Fund	Aditya Birla Sun Life Liquid Fund	Mahindra Liquid Fund	Nippon India Liquid Fund	Mirae Asset Cash Management Fund	Kotak Liquid Fund	HDFC Liquid Fund	ICICI Prudential Liquid Fund	Baroda Pioneer Liquid Fund	Bandhan Cash Fund	LIC MF Liquid Fund	SBI Liquid Fund	JM Liquid Fund	IDBI Liquid Fund	IIFL Liquid Fund	Sundaram Money Fund
Point 1	Bottom quartile AUM (₹1,824 Cr).	Top quartile AUM (₹37,122 Cr).	Bottom quartile AUM (₹303 Cr).	Bottom quartile AUM (₹527 Cr).	Lower mid AUM (₹10,218 Cr).	Lower mid AUM (₹8,310 Cr).	Upper mid AUM (₹20,404 Cr).	Upper mid AUM (₹25,037 Cr).	Upper mid AUM (₹14,543 Cr).	Upper mid AUM (₹19,926 Cr).	Top quartile AUM (₹49,721 Cr).	Bottom quartile AUM (₹1,231 Cr).	Upper mid AUM (₹30,965 Cr).	Upper mid AUM (₹13,791 Cr).	Top quartile AUM (₹40,675 Cr).	Top quartile AUM (₹61,399 Cr).	Top quartile AUM (₹52,340 Cr).	Lower mid AUM (₹10,150 Cr).	Lower mid AUM (₹13,632 Cr).	Lower mid AUM (₹13,162 Cr).	Highest AUM (₹63,824 Cr).	Bottom quartile AUM (₹2,695 Cr).	Bottom quartile AUM (₹503 Cr).	Bottom quartile AUM (₹910 Cr).	Lower mid AUM (₹3,144 Cr).
Point 2	Established history (17+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Established history (18+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (18+ yrs).	Established history (19+ yrs).	Established history (21+ yrs).	Established history (9+ yrs).	Established history (21+ yrs).	Established history (16+ yrs).	Established history (22+ yrs).	Established history (25+ yrs).	Established history (19+ yrs).	Established history (16+ yrs).	Established history (17+ yrs).	Established history (23+ yrs).	Established history (18+ yrs).	Oldest track record among peers (27 yrs).	Established history (15+ yrs).	Established history (11+ yrs).	Established history (19+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 4★ (upper mid).	Top rated.	Rating: 5★ (top quartile).	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 4★ (top quartile).	Rating: 3★ (lower mid).	Rating: 4★ (top quartile).	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Not Rated.	Rating: 4★ (top quartile).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 5★ (top quartile).	Rating: 3★ (lower mid).	Not Rated.	Rating: 3★ (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.	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.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.73% (top quartile).	1Y return: 6.72% (top quartile).	1Y return: 6.72% (top quartile).	1Y return: 6.70% (top quartile).	1Y return: 6.70% (top quartile).	1Y return: 6.69% (top quartile).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.67% (upper mid).	1Y return: 6.65% (lower mid).	1Y return: 6.65% (lower mid).	1Y return: 6.65% (lower mid).	1Y return: 6.65% (lower mid).	1Y return: 6.64% (lower mid).	1Y return: 6.59% (lower mid).	1Y return: 6.59% (bottom quartile).	1Y return: 6.58% (bottom quartile).	1Y return: 6.58% (bottom quartile).	1Y return: 6.57% (bottom quartile).	1Y return: 6.55% (bottom quartile).	1Y return: 6.47% (bottom quartile).	1Y return: 3.29% (bottom quartile).
Point 6	1M return: 0.48% (top quartile).	1M return: 0.47% (top quartile).	1M return: 0.48% (top quartile).	1M return: 0.47% (lower mid).	1M return: 0.48% (top quartile).	1M return: 0.47% (lower mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (lower mid).	1M return: 0.48% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (upper mid).	1M return: 0.47% (lower mid).	1M return: 0.47% (lower mid).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (lower mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.53% (top quartile).	1M return: 0.46% (bottom quartile).	1M return: 0.29% (bottom quartile).
Point 7	Sharpe: 4.59 (top quartile).	Sharpe: 3.41 (upper mid).	Sharpe: 3.54 (upper mid).	Sharpe: 3.57 (top quartile).	Sharpe: 3.91 (top quartile).	Sharpe: 3.48 (upper mid).	Sharpe: 3.56 (upper mid).	Sharpe: 3.40 (lower mid).	Sharpe: 3.79 (top quartile).	Sharpe: 3.56 (upper mid).	Sharpe: 3.41 (upper mid).	Sharpe: 3.61 (top quartile).	Sharpe: 3.30 (lower mid).	Sharpe: 3.82 (top quartile).	Sharpe: 3.13 (lower mid).	Sharpe: 3.05 (bottom quartile).	Sharpe: 3.34 (lower mid).	Sharpe: 3.07 (bottom quartile).	Sharpe: 3.18 (lower mid).	Sharpe: 3.26 (lower mid).	Sharpe: 2.79 (bottom quartile).	Sharpe: 2.95 (bottom quartile).	Sharpe: 0.20 (bottom quartile).	Sharpe: 2.72 (bottom quartile).	Sharpe: -3.87 (bottom quartile).
Point 8	Information ratio: 0.74 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: -1.18 (bottom quartile).	Information ratio: -0.64 (lower mid).	Information ratio: 0.00 (top quartile).	Information ratio: 0.08 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (lower mid).	Information ratio: -0.92 (bottom quartile).	Information ratio: -0.74 (bottom quartile).	Information ratio: -1.18 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (top quartile).	Information ratio: -2.17 (bottom quartile).	Information ratio: -5.96 (bottom quartile).	Information ratio: -2.96 (bottom quartile).	Information ratio: 0.00 (top quartile).
Point 9	Yield to maturity (debt): 5.82% (bottom quartile).	Yield to maturity (debt): 5.90% (upper mid).	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): 5.82% (bottom quartile).	Yield to maturity (debt): 5.94% (top quartile).	Yield to maturity (debt): 5.93% (top quartile).	Yield to maturity (debt): 5.84% (lower mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 6.00% (top quartile).	Yield to maturity (debt): 5.93% (top quartile).	Yield to maturity (debt): 5.89% (upper mid).	Yield to maturity (debt): 5.87% (upper mid).	Yield to maturity (debt): 5.94% (top quartile).	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.84% (lower mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 5.86% (lower mid).	Yield to maturity (debt): 5.83% (bottom quartile).	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 5.81% (bottom quartile).	Yield to maturity (debt): 3.50% (bottom quartile).
Point 10	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.06 yrs (top quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.12 yrs (bottom quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,824 Cr).
Established history (17+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.73% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 4.59 (top quartile).
Information ratio: 0.74 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

Top quartile AUM (₹37,122 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.72% (top quartile).
1M return: 0.47% (top quartile).
Sharpe: 3.41 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.90% (upper mid).
Modified duration: 0.11 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹303 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.72% (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 (top quartile).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹527 Cr).
Established history (18+ yrs).
Rating: 5★ (top quartile).
Risk profile: Low.
1Y return: 6.70% (top quartile).
1M return: 0.47% (lower 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).

Edelweiss Liquid Fund

Lower mid AUM (₹10,218 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.70% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 3.91 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Canara Robeco Liquid

Lower mid AUM (₹8,310 Cr).
Established history (17+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.69% (top quartile).
1M return: 0.47% (lower mid).
Sharpe: 3.48 (upper mid).
Information ratio: 0.08 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

Tata Liquid Fund

Upper mid AUM (₹20,404 Cr).
Established history (21+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.56 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.94% (top quartile).
Modified duration: 0.11 yrs (lower mid).

UTI Liquid Cash Plan

Upper mid AUM (₹25,037 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.40 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.93% (top quartile).
Modified duration: 0.10 yrs (upper mid).

Invesco India Liquid Fund

Upper mid AUM (₹14,543 Cr).
Established history (18+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.68% (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% (lower mid).
Modified duration: 0.11 yrs (bottom quartile).

DSP Liquidity Fund

Upper mid AUM (₹19,926 Cr).
Established history (19+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.56 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.87% (lower mid).
Modified duration: 0.10 yrs (upper mid).

Aditya Birla Sun Life Liquid Fund

Top quartile AUM (₹49,721 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (lower 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 (top quartile).

Mahindra Liquid Fund

Bottom quartile AUM (₹1,231 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.67% (upper mid).
1M return: 0.48% (top quartile).
Sharpe: 3.61 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.93% (top quartile).
Modified duration: 0.10 yrs (upper mid).

Nippon India Liquid Fund

Upper mid AUM (₹30,965 Cr).
Established history (21+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.30 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.89% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).

Mirae Asset Cash Management Fund

Upper mid AUM (₹13,791 Cr).
Established history (16+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (upper mid).
Sharpe: 3.82 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.87% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).

Kotak Liquid Fund

Top quartile AUM (₹40,675 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.13 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.94% (top quartile).
Modified duration: 0.11 yrs (bottom quartile).

HDFC Liquid Fund

Top quartile AUM (₹61,399 Cr).
Established history (25+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.05 (bottom quartile).
Information ratio: -0.92 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.10 yrs (lower mid).

ICICI Prudential Liquid Fund

Top quartile AUM (₹52,340 Cr).
Established history (19+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.64% (lower mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.34 (lower mid).
Information ratio: -0.74 (bottom quartile).
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★ (upper mid).
Risk profile: Low.
1Y return: 6.59% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.07 (bottom quartile).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.11 yrs (lower mid).

Bandhan Cash Fund

Lower mid AUM (₹13,632 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.59% (bottom quartile).
1M return: 0.47% (upper mid).
Sharpe: 3.18 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.84% (lower mid).
Modified duration: 0.10 yrs (upper mid).

LIC MF Liquid Fund

Lower mid AUM (₹13,162 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.58% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.26 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.87% (lower mid).
Modified duration: 0.12 yrs (bottom quartile).

SBI Liquid Fund

Highest AUM (₹63,824 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.58% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.79 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.86% (lower mid).
Modified duration: 0.10 yrs (upper mid).

JM Liquid Fund

Bottom quartile AUM (₹2,695 Cr).
Oldest track record among peers (27 yrs).
Rating: 5★ (top quartile).
Risk profile: Low.
1Y return: 6.57% (bottom quartile).
1M return: 0.47% (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 (lower mid).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.55% (bottom quartile).
1M return: 0.53% (top quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.10 yrs (lower mid).

IIFL Liquid Fund

Bottom quartile AUM (₹910 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.47% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 2.72 (bottom quartile).
Information ratio: -2.96 (bottom quartile).
Yield to maturity (debt): 5.81% (bottom quartile).
Modified duration: 0.10 yrs (upper mid).

Sundaram Money Fund

Lower mid AUM (₹3,144 Cr).
Established history (19+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 3.29% (bottom quartile).
1M return: 0.29% (bottom quartile).
Sharpe: -3.87 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 3.50% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

95% ఫండ్‌లు 7.25% నుండి 7.75% మధ్య రాబడిని కలిగి ఉంటాయి. అందువల్ల లిక్విడ్ ఫండ్ రాబడులు చాలా దగ్గరగా ఉన్నాయిపరిధి మరియు ఒకరు "ఉత్తమ లిక్విడ్ ఫండ్"ని ఎంచుకోకపోయినా, అవి అత్యధిక లేదా సగటు రాబడికి చాలా దూరంగా ఉండవు.

2. లిక్విడ్ మ్యూచువల్ ఫండ్‌ల పోర్ట్‌ఫోలియో & మెచ్యూరిటీ ప్రొఫైల్

లిక్విడ్ మ్యూచువల్ ఫండ్‌ల పోర్ట్‌ఫోలియోలో 91 రోజుల కంటే తక్కువ మెచ్యూరిటీ ఉన్న సెక్యూరిటీలు ఉంటాయి. ఒకరు వెళ్లి క్రెడిట్ నాణ్యత గురించి మాట్లాడవచ్చు (సాధారణ మాటలలో, పోర్ట్‌ఫోలియోలోని సెక్యూరిటీలు ఎంత మంచివి) మరియు పోర్ట్‌ఫోలియోలను వేరు చేయడానికి ప్రయత్నించవచ్చు, అయితే, నిజమైన అనుభవం ఏమిటంటే, పోర్ట్‌ఫోలియోలో కొన్ని చాలా చెడ్డ నాణ్యతను కలిగి ఉన్నట్లయితే తప్ప సెక్యూరిటీలు, లిక్విడ్ ఫండ్స్ సమస్య కాకూడదు. ఇప్పటి వరకు ఏదీ తెలియలేదుడిఫాల్ట్ లిక్విడ్ ఫండ్ పోర్ట్‌ఫోలియోలు మరియు కంపెనీలు సాధారణంగా చిన్న మెచ్యూరిటీ పేపర్లపై డిఫాల్ట్ చేయవు. అయితే, పైన పేర్కొన్న ఫండ్ యొక్క పోర్ట్‌ఫోలియో ఫండ్ యొక్క రాబడి మరియు దాని తదుపరి పనితీరుపై ఆలోచనలను ఇస్తుంది. "గత పనితీరు భవిష్యత్ పనితీరుకు సూచిక కాదు" అని తరచుగా చెబుతారు మరియు లిక్విడ్ మ్యూచువల్ ఫండ్స్ కోసం, ఎవరైనా కొన్ని అంచనాలను చేయడానికి ప్రయత్నించినట్లయితే, వారు చేయాల్సిందల్లా పోర్ట్‌ఫోలియోను చూడటమే. సెక్యూరిటీల రకం (కమర్షియల్ పేపర్లు (CPలు), డిపాజిట్ల సర్టిఫికేట్ (CDలు) మొదలైనవి), క్రెడిట్ నాణ్యత మరియు దిగుబడి ఫండ్ యొక్క రిటర్న్ ప్రొఫైల్ ఎలా ఉంటుందనే దాని గురించి ఒక ఆలోచన ఇస్తుంది. లిక్విడ్ ఫండ్ పనితీరుకు పోర్ట్‌ఫోలియో నాణ్యత మంచి సూచిక. అన్ని లిక్విడ్ మ్యూచువల్ ఫండ్‌ల మెచ్యూరిటీ సాధారణంగా రెండు రోజులు మరియు 91 రోజుల కంటే చాలా తక్కువ. చాలా సందర్భాలలో ఇది సమానంగా ఉంటుంది.

3. లిక్విడిటీ & ఫండ్ పరిమాణం

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
BOI AXA Liquid Fund Growth	₹3,068.19 ↑ 0.45	₹1,824	0.5	1.4	3	6.7	7.4	5.82%	1M 10D	1M 10D
Axis Liquid Fund Growth	₹2,966.29 ↑ 0.44	₹37,122	0.5	1.4	3	6.7	7.4	5.9%	1M 9D	1M 11D
Indiabulls Liquid Fund Growth	₹2,576.33 ↑ 0.40	₹303	0.5	1.4	3	6.7	7.4	5.88%	1M 3D	1M 3D
PGIM India Insta Cash Fund Growth	₹346.805 ↑ 0.05	₹527	0.5	1.4	3	6.7	7.3	5.83%	20D	22D
Edelweiss Liquid Fund Growth	₹3,407.05 ↑ 0.49	₹10,218	0.5	1.4	3	6.7	7.3	5.83%	1M 10D	1M 10D
Canara Robeco Liquid Growth	₹3,206.48 ↑ 0.50	₹8,310	0.5	1.4	3	6.7	7.4	5.82%	1M 1D	1M 3D
Tata Liquid Fund Growth	₹4,195.55 ↑ 0.61	₹20,404	0.5	1.4	3	6.7	7.3	5.94%	1M 9D	1M 9D
UTI Liquid Cash Plan Growth	₹4,370.25 ↑ 0.63	₹25,037	0.5	1.4	3	6.7	7.3	5.93%	1M 6D	1M 6D
Invesco India Liquid Fund Growth	₹3,661.36 ↑ 0.54	₹14,543	0.5	1.4	3	6.7	7.4	5.84%	1M 10D	1M 10D
DSP Liquidity Fund Growth	₹3,803.07 ↑ 0.58	₹19,926	0.5	1.4	3	6.7	7.4	5.87%	1M 6D	1M 10D
Aditya Birla Sun Life Liquid Fund Growth	₹429.245 ↑ 0.07	₹49,721	0.5	1.4	3	6.7	7.3	6%	1M 2D	1M 2D
Mahindra Liquid Fund Growth	₹1,733.51 ↑ 0.26	₹1,231	0.5	1.4	3	6.7	7.4	5.93%	1M 6D	1M 8D
Nippon India Liquid Fund Growth	₹6,500.56 ↑ 1.00	₹30,965	0.5	1.4	3	6.7	7.3	5.89%	1M 10D	1M 13D
Mirae Asset Cash Management Fund Growth	₹2,793.24 ↑ 0.41	₹13,791	0.5	1.4	3	6.7	7.3	5.87%	1M 10D	1M 12D
Kotak Liquid Fund Growth	₹5,384.05 ↑ 0.83	₹40,675	0.5	1.4	3	6.7	7.3	5.94%	1M 10D	1M 10D
HDFC Liquid Fund Growth	₹5,225.95 ↑ 0.82	₹61,399	0.5	1.4	3	6.6	7.3	5.88%	1M 7D	1M 11D
ICICI Prudential Liquid Fund Growth	₹394.302 ↑ 0.06	₹52,340	0.5	1.4	3	6.6	7.4	5.87%	1M 1D	1M 4D
Baroda Pioneer Liquid Fund Growth	₹3,061.92 ↑ 0.45	₹10,150	0.5	1.4	2.9	6.6	7.3	5.88%	1M 8D	1M 8D
Bandhan Cash Fund Growth	₹3,216.87 ↑ 0.49	₹13,632	0.5	1.4	2.9	6.6	7.3	5.84%	1M 6D	1M 6D
LIC MF Liquid Fund Growth	₹4,814.54 ↑ 0.72	₹13,162	0.5	1.4	3	6.6	7.4	5.87%	1M 11D	1M 11D
SBI Liquid Fund Growth	₹4,162.72 ↑ 0.63	₹63,824	0.5	1.4	3	6.6	7.3	5.86%	1M 6D	1M 6D
JM Liquid Fund Growth	₹72.6636 ↑ 0.01	₹2,695	0.5	1.4	3	6.6	7.2	5.83%	1M 7D	1M 9D
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
IIFL Liquid Fund Growth	₹2,049.66 ↑ 0.29	₹910	0.5	1.4	2.9	6.5	7.2	5.81%	1M 6D	1M 10D
Sundaram Money Fund Growth	₹44.1929 ↑ 0.00	₹3,144	0.3	0.8	1.7	3.3		3.5%	1M 2D	1M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Nov 25

Research Highlights & Commentary of 25 Funds showcased

Commentary	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	Edelweiss Liquid Fund	Canara Robeco Liquid	Tata Liquid Fund	UTI Liquid Cash Plan	Invesco India Liquid Fund	DSP Liquidity Fund	Aditya Birla Sun Life Liquid Fund	Mahindra Liquid Fund	Nippon India Liquid Fund	Mirae Asset Cash Management Fund	Kotak Liquid Fund	HDFC Liquid Fund	ICICI Prudential Liquid Fund	Baroda Pioneer Liquid Fund	Bandhan Cash Fund	LIC MF Liquid Fund	SBI Liquid Fund	JM Liquid Fund	IDBI Liquid Fund	IIFL Liquid Fund	Sundaram Money Fund
Point 1	Bottom quartile AUM (₹1,824 Cr).	Top quartile AUM (₹37,122 Cr).	Bottom quartile AUM (₹303 Cr).	Bottom quartile AUM (₹527 Cr).	Lower mid AUM (₹10,218 Cr).	Lower mid AUM (₹8,310 Cr).	Upper mid AUM (₹20,404 Cr).	Upper mid AUM (₹25,037 Cr).	Upper mid AUM (₹14,543 Cr).	Upper mid AUM (₹19,926 Cr).	Top quartile AUM (₹49,721 Cr).	Bottom quartile AUM (₹1,231 Cr).	Upper mid AUM (₹30,965 Cr).	Upper mid AUM (₹13,791 Cr).	Top quartile AUM (₹40,675 Cr).	Top quartile AUM (₹61,399 Cr).	Top quartile AUM (₹52,340 Cr).	Lower mid AUM (₹10,150 Cr).	Lower mid AUM (₹13,632 Cr).	Lower mid AUM (₹13,162 Cr).	Highest AUM (₹63,824 Cr).	Bottom quartile AUM (₹2,695 Cr).	Bottom quartile AUM (₹503 Cr).	Bottom quartile AUM (₹910 Cr).	Lower mid AUM (₹3,144 Cr).
Point 2	Established history (17+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Established history (18+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (18+ yrs).	Established history (19+ yrs).	Established history (21+ yrs).	Established history (9+ yrs).	Established history (21+ yrs).	Established history (16+ yrs).	Established history (22+ yrs).	Established history (25+ yrs).	Established history (19+ yrs).	Established history (16+ yrs).	Established history (17+ yrs).	Established history (23+ yrs).	Established history (18+ yrs).	Oldest track record among peers (27 yrs).	Established history (15+ yrs).	Established history (11+ yrs).	Established history (19+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 4★ (upper mid).	Top rated.	Rating: 5★ (top quartile).	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 4★ (top quartile).	Rating: 3★ (lower mid).	Rating: 4★ (top quartile).	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Not Rated.	Rating: 4★ (top quartile).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 5★ (top quartile).	Rating: 3★ (lower mid).	Not Rated.	Rating: 3★ (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.	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.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.73% (top quartile).	1Y return: 6.72% (top quartile).	1Y return: 6.72% (top quartile).	1Y return: 6.70% (top quartile).	1Y return: 6.70% (top quartile).	1Y return: 6.69% (top quartile).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.68% (upper mid).	1Y return: 6.67% (upper mid).	1Y return: 6.65% (lower mid).	1Y return: 6.65% (lower mid).	1Y return: 6.65% (lower mid).	1Y return: 6.65% (lower mid).	1Y return: 6.64% (lower mid).	1Y return: 6.59% (lower mid).	1Y return: 6.59% (bottom quartile).	1Y return: 6.58% (bottom quartile).	1Y return: 6.58% (bottom quartile).	1Y return: 6.57% (bottom quartile).	1Y return: 6.55% (bottom quartile).	1Y return: 6.47% (bottom quartile).	1Y return: 3.29% (bottom quartile).
Point 6	1M return: 0.48% (top quartile).	1M return: 0.47% (top quartile).	1M return: 0.48% (top quartile).	1M return: 0.47% (lower mid).	1M return: 0.48% (top quartile).	1M return: 0.47% (lower mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (lower mid).	1M return: 0.48% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (upper mid).	1M return: 0.47% (lower mid).	1M return: 0.47% (lower mid).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (lower mid).	1M return: 0.47% (upper mid).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.53% (top quartile).	1M return: 0.46% (bottom quartile).	1M return: 0.29% (bottom quartile).
Point 7	Sharpe: 4.59 (top quartile).	Sharpe: 3.41 (upper mid).	Sharpe: 3.54 (upper mid).	Sharpe: 3.57 (top quartile).	Sharpe: 3.91 (top quartile).	Sharpe: 3.48 (upper mid).	Sharpe: 3.56 (upper mid).	Sharpe: 3.40 (lower mid).	Sharpe: 3.79 (top quartile).	Sharpe: 3.56 (upper mid).	Sharpe: 3.41 (upper mid).	Sharpe: 3.61 (top quartile).	Sharpe: 3.30 (lower mid).	Sharpe: 3.82 (top quartile).	Sharpe: 3.13 (lower mid).	Sharpe: 3.05 (bottom quartile).	Sharpe: 3.34 (lower mid).	Sharpe: 3.07 (bottom quartile).	Sharpe: 3.18 (lower mid).	Sharpe: 3.26 (lower mid).	Sharpe: 2.79 (bottom quartile).	Sharpe: 2.95 (bottom quartile).	Sharpe: 0.20 (bottom quartile).	Sharpe: 2.72 (bottom quartile).	Sharpe: -3.87 (bottom quartile).
Point 8	Information ratio: 0.74 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: -1.18 (bottom quartile).	Information ratio: -0.64 (lower mid).	Information ratio: 0.00 (top quartile).	Information ratio: 0.08 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (lower mid).	Information ratio: -0.92 (bottom quartile).	Information ratio: -0.74 (bottom quartile).	Information ratio: -1.18 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (top quartile).	Information ratio: -2.17 (bottom quartile).	Information ratio: -5.96 (bottom quartile).	Information ratio: -2.96 (bottom quartile).	Information ratio: 0.00 (top quartile).
Point 9	Yield to maturity (debt): 5.82% (bottom quartile).	Yield to maturity (debt): 5.90% (upper mid).	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): 5.82% (bottom quartile).	Yield to maturity (debt): 5.94% (top quartile).	Yield to maturity (debt): 5.93% (top quartile).	Yield to maturity (debt): 5.84% (lower mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 6.00% (top quartile).	Yield to maturity (debt): 5.93% (top quartile).	Yield to maturity (debt): 5.89% (upper mid).	Yield to maturity (debt): 5.87% (upper mid).	Yield to maturity (debt): 5.94% (top quartile).	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.84% (lower mid).	Yield to maturity (debt): 5.87% (lower mid).	Yield to maturity (debt): 5.86% (lower mid).	Yield to maturity (debt): 5.83% (bottom quartile).	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 5.81% (bottom quartile).	Yield to maturity (debt): 3.50% (bottom quartile).
Point 10	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.06 yrs (top quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.12 yrs (bottom quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,824 Cr).
Established history (17+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.73% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 4.59 (top quartile).
Information ratio: 0.74 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

Top quartile AUM (₹37,122 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.72% (top quartile).
1M return: 0.47% (top quartile).
Sharpe: 3.41 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.90% (upper mid).
Modified duration: 0.11 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹303 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.72% (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 (top quartile).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹527 Cr).
Established history (18+ yrs).
Rating: 5★ (top quartile).
Risk profile: Low.
1Y return: 6.70% (top quartile).
1M return: 0.47% (lower 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).

Edelweiss Liquid Fund

Lower mid AUM (₹10,218 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.70% (top quartile).
1M return: 0.48% (top quartile).
Sharpe: 3.91 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Canara Robeco Liquid

Lower mid AUM (₹8,310 Cr).
Established history (17+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.69% (top quartile).
1M return: 0.47% (lower mid).
Sharpe: 3.48 (upper mid).
Information ratio: 0.08 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

Tata Liquid Fund

Upper mid AUM (₹20,404 Cr).
Established history (21+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.56 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.94% (top quartile).
Modified duration: 0.11 yrs (lower mid).

UTI Liquid Cash Plan

Upper mid AUM (₹25,037 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.40 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.93% (top quartile).
Modified duration: 0.10 yrs (upper mid).

Invesco India Liquid Fund

Upper mid AUM (₹14,543 Cr).
Established history (18+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.68% (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% (lower mid).
Modified duration: 0.11 yrs (bottom quartile).

DSP Liquidity Fund

Upper mid AUM (₹19,926 Cr).
Established history (19+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.56 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.87% (lower mid).
Modified duration: 0.10 yrs (upper mid).

Aditya Birla Sun Life Liquid Fund

Top quartile AUM (₹49,721 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.68% (upper mid).
1M return: 0.47% (lower 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 (top quartile).

Mahindra Liquid Fund

Bottom quartile AUM (₹1,231 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.67% (upper mid).
1M return: 0.48% (top quartile).
Sharpe: 3.61 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.93% (top quartile).
Modified duration: 0.10 yrs (upper mid).

Nippon India Liquid Fund

Upper mid AUM (₹30,965 Cr).
Established history (21+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.30 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.89% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).

Mirae Asset Cash Management Fund

Upper mid AUM (₹13,791 Cr).
Established history (16+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (upper mid).
Sharpe: 3.82 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.87% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).

Kotak Liquid Fund

Top quartile AUM (₹40,675 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.13 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.94% (top quartile).
Modified duration: 0.11 yrs (bottom quartile).

HDFC Liquid Fund

Top quartile AUM (₹61,399 Cr).
Established history (25+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.65% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.05 (bottom quartile).
Information ratio: -0.92 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.10 yrs (lower mid).

ICICI Prudential Liquid Fund

Top quartile AUM (₹52,340 Cr).
Established history (19+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.64% (lower mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.34 (lower mid).
Information ratio: -0.74 (bottom quartile).
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★ (upper mid).
Risk profile: Low.
1Y return: 6.59% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 3.07 (bottom quartile).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.11 yrs (lower mid).

Bandhan Cash Fund

Lower mid AUM (₹13,632 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.59% (bottom quartile).
1M return: 0.47% (upper mid).
Sharpe: 3.18 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.84% (lower mid).
Modified duration: 0.10 yrs (upper mid).

LIC MF Liquid Fund

Lower mid AUM (₹13,162 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.58% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.26 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.87% (lower mid).
Modified duration: 0.12 yrs (bottom quartile).

SBI Liquid Fund

Highest AUM (₹63,824 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.58% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.79 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.86% (lower mid).
Modified duration: 0.10 yrs (upper mid).

JM Liquid Fund

Bottom quartile AUM (₹2,695 Cr).
Oldest track record among peers (27 yrs).
Rating: 5★ (top quartile).
Risk profile: Low.
1Y return: 6.57% (bottom quartile).
1M return: 0.47% (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 (lower mid).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.55% (bottom quartile).
1M return: 0.53% (top quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.10 yrs (lower mid).

IIFL Liquid Fund

Bottom quartile AUM (₹910 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.47% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 2.72 (bottom quartile).
Information ratio: -2.96 (bottom quartile).
Yield to maturity (debt): 5.81% (bottom quartile).
Modified duration: 0.10 yrs (upper mid).

Sundaram Money Fund

Lower mid AUM (₹3,144 Cr).
Established history (19+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 3.29% (bottom quartile).
1M return: 0.29% (bottom quartile).
Sharpe: -3.87 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 3.50% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

లిక్విడ్ మ్యూచువల్ ఫండ్‌లు చేయగలవో లేదో చూడటానికి వ్యక్తులు మరియు కార్పొరేట్‌ల మధ్య ఆస్తి విచ్ఛిన్నం కొంత ముఖ్యమైనదిహ్యాండిల్ పెద్ద విముక్తి. భారీ విమోచనాలు (కొన్నిసార్లు 100లు లేదా 1000ల కోట్లు కూడా కార్పొరేట్ల ద్వారా తీసుకోవచ్చు) పోర్ట్‌ఫోలియోపై ఒత్తిడిని కలిగిస్తుంది. లిక్విడిటీ సంక్షోభ సమయాల్లో, ఇంత పెద్ద మొత్తంలో కొనుగోలుదారులను కనుగొనడం కష్టం.

వాస్తవానికి, పోర్ట్‌ఫోలియో ధరపై ప్రభావం చూపకుండా చూసుకోవడానికి, లిక్విడ్ ఫండ్స్ మార్క్ నుండి మార్కెట్‌కు అక్రూవల్ ఆధారితంగా మారాయిఅకౌంటింగ్ 2008లో లెమాన్ సంక్షోభం తర్వాత.

అలాగే, ఫండ్ పరిమాణం ఇక్కడ పెట్టుబడిదారులను రక్షిస్తుందివిముక్తి నుంచి ఒత్తిళ్లుSEBI స్కీమ్‌లో అత్యధిక వ్యక్తి హోల్డింగ్ 20% మించకూడదనే నియమాన్ని కలిగి ఉంది. అందువల్ల, చాలా పథకాలు కొంత వరకు రక్షించబడతాయి.

టాప్ 5 లిక్విడ్ ఫండ్స్

2022లో అత్యుత్తమ పనితీరు కనబరిచిన లిక్విడ్ ఫండ్స్-

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
BOI AXA Liquid Fund Growth	₹3,068.19 ↑ 0.45	₹1,824	0.5	1.4	3	6.7	7.4	5.82%	1M 10D	1M 10D
Axis Liquid Fund Growth	₹2,966.29 ↑ 0.44	₹37,122	0.5	1.4	3	6.7	7.4	5.9%	1M 9D	1M 11D
Indiabulls Liquid Fund Growth	₹2,576.33 ↑ 0.40	₹303	0.5	1.4	3	6.7	7.4	5.88%	1M 3D	1M 3D
PGIM India Insta Cash Fund Growth	₹346.805 ↑ 0.05	₹527	0.5	1.4	3	6.7	7.3	5.83%	20D	22D
Edelweiss Liquid Fund Growth	₹3,407.05 ↑ 0.49	₹10,218	0.5	1.4	3	6.7	7.3	5.83%	1M 10D	1M 10D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Nov 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	Edelweiss Liquid Fund
Point 1	Lower mid AUM (₹1,824 Cr).	Highest AUM (₹37,122 Cr).	Bottom quartile AUM (₹303 Cr).	Bottom quartile AUM (₹527 Cr).	Upper mid AUM (₹10,218 Cr).
Point 2	Established history (17+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Oldest track record among peers (18 yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Top rated.	Rating: 5★ (upper mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.73% (top quartile).	1Y return: 6.72% (upper mid).	1Y return: 6.72% (lower mid).	1Y return: 6.70% (bottom quartile).	1Y return: 6.70% (bottom quartile).
Point 6	1M return: 0.48% (lower mid).	1M return: 0.47% (bottom quartile).	1M return: 0.48% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.48% (upper mid).
Point 7	Sharpe: 4.59 (top quartile).	Sharpe: 3.41 (bottom quartile).	Sharpe: 3.54 (bottom quartile).	Sharpe: 3.57 (lower mid).	Sharpe: 3.91 (upper mid).
Point 8	Information ratio: 0.74 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -1.18 (bottom quartile).	Information ratio: -0.64 (bottom quartile).	Information ratio: 0.00 (lower mid).
Point 9	Yield to maturity (debt): 5.82% (bottom quartile).	Yield to maturity (debt): 5.90% (top quartile).	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.83% (lower mid).	Yield to maturity (debt): 5.83% (bottom quartile).
Point 10	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.09 yrs (upper mid).	Modified duration: 0.06 yrs (top quartile).	Modified duration: 0.11 yrs (bottom quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,824 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.73% (top quartile).
1M return: 0.48% (lower mid).
Sharpe: 4.59 (top quartile).
Information ratio: 0.74 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹37,122 Cr).
Established history (16+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.72% (upper mid).
1M return: 0.47% (bottom quartile).
Sharpe: 3.41 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.90% (top quartile).
Modified duration: 0.11 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹303 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.72% (lower mid).
1M return: 0.48% (top quartile).
Sharpe: 3.54 (bottom quartile).
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).
Oldest track record among peers (18 yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.70% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.57 (lower mid).
Information ratio: -0.64 (bottom quartile).
Yield to maturity (debt): 5.83% (lower mid).
Modified duration: 0.06 yrs (top quartile).

Edelweiss Liquid Fund

Upper mid AUM (₹10,218 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.70% (bottom quartile).
1M return: 0.48% (upper mid).
Sharpe: 3.91 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

4. లిక్విడ్ మ్యూచువల్ ఫండ్‌ల పనితీరు రేటింగ్

ప్రస్తుత పోర్ట్‌ఫోలియో మరియు భవిష్యత్తు ఔట్‌లుక్‌ను పరిగణనలోకి తీసుకుంటే తప్ప పనితీరు రేటింగ్‌లు రేపటి విజేతలను ఓడిపోయిన వారి నుండి వేరు చేయలేవు. కాబట్టి, వెనుకబడిన రేటింగ్‌లు గత పనితీరు గురించి ఒక ఆలోచనను అందించగలిగినప్పటికీ, ఫండ్‌ను ఎంపిక చేయడాన్ని తొలగించడానికి ఉత్తమంగా వీటిని ఉపయోగించవచ్చు.

ముగింపు

లిక్విడ్ మ్యూచువల్ ఫండ్స్ కోసం వెతుకుతున్నప్పుడు అనేక అంశాలను పరిశీలించి, సంబంధిత ఫండ్‌ను ఎంచుకోవాలి.

నిరాకరణ: ఏదైనా పెట్టుబడి నిర్ణయం తీసుకునే ముందు దయచేసి మీ సలహాదారుని సంప్రదించండి మరియు స్వతంత్ర పరిశోధన చేయండి.

Disclaimer:
ఇక్కడ అందించిన సమాచారం ఖచ్చితమైనదని నిర్ధారించడానికి అన్ని ప్రయత్నాలు చేయబడ్డాయి. అయినప్పటికీ, డేటా యొక్క ఖచ్చితత్వానికి సంబంధించి ఎటువంటి హామీలు ఇవ్వబడవు. దయచేసి ఏదైనా పెట్టుబడి పెట్టే ముందు పథకం సమాచార పత్రంతో ధృవీకరించండి.