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Top 10 Liquid Mutual Funds 2020

Updated on September 23, 2020 , 3049 views

Liquid Funds are the best options for the surplus cash which are lying in the bank account. Liquid Funds are those Mutual Funds that invest your money in a very short money market instruments like treasury bills, commercial papers, Certificate of Deposit, etc.

These funds are highly liquid in nature and they have no entry or exit load. Due to the supreme advantages that liquid funds offer; they are often considered to be a better investment option than fixed deposits and Savings Account.

Top 10 Liquid Mutual Funds offer the opportunity to fetch better returns without compromising on the liquidity factors. The best performing liquid funds let you earn great returns in a short span of time. As the average maturity of liquid funds is less than 91 days, it is best suitable for investors looking for a short-term Investment plan. Furthermore, as Liquid Mutual Funds are not much affected by the market volatility, investors can easily invest without worrying about the risk factors.

Key Benefits of Investing in Liquid Funds

Some of the major benefits of investing in Liquid Mutual Funds are:

In Liquid fund, you can withdraw your funds within a span of 24 hours
As liquid funds mainly invest in fixed income securities which have a short maturity period, they have the lowest interest rate risk as compared to other debt mutual fund
Liquid Mutual Funds offer an average return of about 7.5-8% per annum
These funds have no lock-in period, which means that you can redeem your cash wherever required
Liquid Funds offer valuable tax benefits

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Top 10 Liquid Mutual Funds FY 20 - 21

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2019 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
PGIM India Insta Cash Fund Growth	₹262.086 ↑ 0.02	₹815	0.3	0.8	2.4	4.8	6.7	3.3%	1M 2D	1M 2D
JM Liquid Fund Growth	₹54.9983 ↑ 0.00	₹3,012	0.3	0.8	2.1	4.6	6.6	3.22%	14D	14D
Indiabulls Liquid Fund Growth	₹1,957.41 ↑ 0.17	₹269	0.2	0.7	1.9	4.5	6.6	0%
Principal Cash Management Fund Growth	₹1,779.11 ↑ 0.33	₹149	0.3	0.8	1.8	4.4	6.2	3.14%	23D	24D
Tata Liquid Fund Growth	₹3,174.43 ↑ 0.31	₹18,934	0.3	0.8	2.6	4.9	6.6	3.36%	1M 10D	1M 10D
Aditya Birla Sun Life Liquid Fund Growth	₹324.135 ↑ 0.03	₹39,810	0.3	0.8	2.5	4.9	6.7	3.5%	1M 13D	1M 13D
Nippon India Liquid Fund Growth	₹4,919.2 ↑ 0.46	₹26,900	0.3	0.8	2.5	4.9	6.7	3.31%	1M 10D	1M 12D
ICICI Prudential Liquid Fund Growth	₹298.265 ↑ 0.03	₹54,052	0.3	0.8	2.5	4.9	6.6	3.36%	1M 8D	1M 11D
Axis Liquid Fund Growth	₹2,237.06 ↑ 0.22	₹28,818	0.3	0.8	2	4.9	6.6	3.32%	1M 6D	1M 8D
Baroda Pioneer Liquid Fund Growth	₹2,313.15 ↑ 0.23	₹3,457	0.3	0.8	2.3	4.8	6.6	3.3%	26D	28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Sep 20

1. 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.

PGIM India Insta Cash Fund is a Debt - Liquid Fund fund was launched on 5 Sep 07. It is a fund with Low risk and has given a CAGR/Annualized return of 7.7% since its launch. Ranked 4 in Liquid Fund category. Return for 2019 was 6.7% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for PGIM India Insta Cash Fund

PGIM India Insta Cash Fund Growth
Launch Date	5 Sep 07
NAV (25 Sep 20)	₹262.086 ↑ 0.02 (0.01 %)
Net Assets (Cr)	₹815 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Pramerica Asset Managers Private Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.13
Sharpe Ratio	0.5
Information Ratio	-1.58
Alpha Ratio	-0.54
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	3.3%
Effective Maturity	1 Month 2 Days
Modified Duration	1 Month 2 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,805
31 Aug 17	₹11,541
31 Aug 18	₹12,355
31 Aug 19	₹13,272
31 Aug 20	₹13,940

PGIM India Insta Cash Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.4%
1 Year	4.8%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%
2014	9.1%
2013	9.1%
2012	9.7%
2011	9%
2010	5.6%

Fund Manager information for PGIM India Insta Cash Fund

Name	Since	Tenure
Kumaresh Ramakrishnan	21 Jan 11	9.62 Yr.
Kunal Jain	5 Jan 18	2.65 Yr.

Data below for PGIM India Insta Cash Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	84.11%
Corporate	15.89%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 03092020 Sovereign Bonds \| -	9%	₹70 Cr	7,000,000 ↑ 4,000,000
Housing Development Finance Corporation Limited Debentures \| -	7%	₹60 Cr	6,000,000 ↑ 6,000,000
National Bank For Agriculture and Rural Development Debentures \| -	7%	₹60 Cr	6,000,000 ↑ 6,000,000
91 DTB 10092020 Sovereign Bonds \| -	6%	₹50 Cr	5,000,000 ↑ 5,000,000
182 DTB 15102020 Sovereign Bonds \| -	6%	₹50 Cr	5,000,000 ↑ 5,000,000
Rural Electrification Corporation Limited Debentures \| -	4%	₹35 Cr	3,500,000 ↑ 3,500,000
91 DTB 15102020 Sovereign Bonds \| -	2%	₹15 Cr	1,500,000 ↑ 1,500,000
Housing Development Finance Corporation Limited Debentures \| -	1%	₹5 Cr	500,000 ↑ 500,000
91 DTB 01102020 Sovereign Bonds \| -	1%	₹5 Cr	500,000 ↑ 500,000
Treps / Reverse Repo CBLO/Reverse Repo \| -	11%	₹91 Cr

2. 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.

JM Liquid Fund is a Debt - Liquid Fund fund was launched on 31 Dec 97. It is a fund with Low risk and has given a CAGR/Annualized return of 7.8% since its launch. Ranked 3 in Liquid Fund category. Return for 2019 was 6.6% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (25 Sep 20)	₹54.9983 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹3,012 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.28
Sharpe Ratio	-2.06
Information Ratio	-2.4
Alpha Ratio	-0.45
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	3.22%
Effective Maturity	14 Days
Modified Duration	14 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,805
31 Aug 17	₹11,549
31 Aug 18	₹12,362
31 Aug 19	₹13,271
31 Aug 20	₹13,900

JM Liquid Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.1%
1 Year	4.6%
3 Year	6.3%
5 Year	6.7%
10 Year
15 Year
Since launch	7.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.6%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%
2014	9.1%
2013	9.3%
2012	9.6%
2011	8.9%
2010	5.5%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Shalini Tibrewala	31 Dec 97	22.68 Yr.

Data below for JM Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	62.68%
Corporate	29.03%
Government	8.29%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 03092020 Sovereign Bonds \| -	11%	₹335 Cr	33,500,000 ↑ 29,000,000
91 DTB 10092020 Sovereign Bonds \| -	8%	₹245 Cr	24,500,000 ↑ 24,500,000
182 DTB 17092020 Sovereign Bonds \| -	3%	₹100 Cr	10,000,000 ↑ 10,000,000
364 DTB 17092020 Sovereign Bonds \| -	3%	₹100 Cr	10,000,000 ↑ 10,000,000
182 DTB 24092020 Sovereign Bonds \| -	2%	₹65 Cr	6,500,000 ↑ 6,500,000
Rural Electrification Corporation Limited Debentures \| -	2%	₹50 Cr	500 ↑ 500
182 DTB 12112020 Sovereign Bonds \| -	2%	₹50 Cr	5,000,000 ↑ 5,000,000
91 DTB 01102020 Sovereign Bonds \| -	1%	₹30 Cr	3,000,000 ↑ 3,000,000
91 DTB 17092020 Sovereign Bonds \| -	1%	₹25 Cr	2,500,000 ↑ 2,500,000
364 DTB 09032020 Sovereign Bonds \| -	0%	₹15 Cr	1,500,000 ↑ 1,500,000

3. 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.

Indiabulls Liquid Fund is a Debt - Liquid Fund fund was launched on 27 Oct 11. It is a fund with Low risk and has given a CAGR/Annualized return of 7.8% since its launch. Ranked 2 in Liquid Fund category. Return for 2019 was 6.6% , 2018 was 7.3% and 2017 was 6.7% .

Below is the key information for Indiabulls Liquid Fund

Indiabulls Liquid Fund Growth
Launch Date	27 Oct 11
NAV (25 Sep 20)	₹1,957.41 ↑ 0.17 (0.01 %)
Net Assets (Cr)	₹269 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Indiabulls Asset Management Company Ltd.
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.19
Sharpe Ratio	-1.41
Information Ratio	-2.43
Alpha Ratio	-0.41
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,816
31 Aug 17	₹11,564
31 Aug 18	₹12,378
31 Aug 19	₹13,267
31 Aug 20	₹13,892

Indiabulls Liquid Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.2%
3 Month	0.7%
6 Month	1.9%
1 Year	4.5%
3 Year	6.2%
5 Year	6.7%
10 Year
15 Year
Since launch	7.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.6%
2018	7.3%
2017	6.7%
2016	7.8%
2015	8.5%
2014	9.1%
2013	9.1%
2012	9.8%
2011
2010

Fund Manager information for Indiabulls Liquid Fund

Name	Since	Tenure
Malay Shah	22 Aug 14	6.03 Yr.
Karan Singh	29 May 20	0.26 Yr.
Sourabh Sharma	17 Jan 19	1.62 Yr.

Data below for Indiabulls Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	54.29%
Corporate	27.13%
Government	18.59%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 17092020 Sovereign Bonds \| -	9%	₹25 Cr	2,500,000 ↑ 2,500,000
91 DTB 24092020 Sovereign Bonds \| -	9%	₹25 Cr	2,500,000
Ccil CBLO/Reverse Repo \| -	23%	₹62 Cr	62,350 ↑ 62,350
NTPC Limited Commercial Paper \| -	9%	₹25 Cr	2,500,000 ↑ 2,500,000
Oriental Bank of Commerce Certificate of Deposit \| -	9%	₹25 Cr	2,500,000 ↑ 2,500,000
ICICI Bank Limited Certificate of Deposit \| -	9%	₹25 Cr	2,500,000 ↑ 2,500,000
Axis Bank Limited Certificate of Deposit \| -	9%	₹25 Cr	2,500,000 ↑ 2,500,000
Reliance Industries Limited Commercial Paper \| -	9%	₹25 Cr	2,500,000 ↑ 2,500,000
LIC Housing Finance Limited Commercial Paper \| -	9%	₹23 Cr	2,300,000
Hdfc Bank Ltd Net Current Assets \| -	2%	₹5 Cr	525,000 ↑ 525,000

4. Principal Cash Management Fund

To provide investors with as high a level of income available from short-term investments as is considered consistent with preservation of capital and maintenance of liquidity, by investing in a portfolio of money market and investment grade debt instruments. The scheme will invest its assets in a portfolio of money market instruments. The investments will be in securities, which the Investment Manager believes present minimal liquidity and/or credit risks.

Principal Cash Management Fund is a Debt - Liquid Fund fund was launched on 30 Aug 04. It is a fund with Low risk and has given a CAGR/Annualized return of 6.7% since its launch. Ranked 5 in Liquid Fund category. Return for 2019 was 6.2% , 2018 was -1.8% and 2017 was 6.8% .

Below is the key information for Principal Cash Management Fund

Principal Cash Management Fund Growth
Launch Date	30 Aug 04
NAV (27 Sep 20)	₹1,779.11 ↑ 0.33 (0.02 %)
Net Assets (Cr)	₹149 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.17
Sharpe Ratio	-3.79
Information Ratio	-0.74
Alpha Ratio	-0.52
Min Investment	5,000
Min SIP Investment	2,000
Exit Load	NIL
Yield to Maturity	3.14%
Effective Maturity	24 Days
Modified Duration	23 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,801
31 Aug 17	₹11,540
31 Aug 18	₹12,361
31 Aug 19	₹12,076
31 Aug 20	₹12,627

Principal Cash Management Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235 Invest Now

Returns for Principal Cash Management Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	1.8%
1 Year	4.4%
3 Year	3%
5 Year	4.7%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.2%
2018	-1.8%
2017	6.8%
2016	7.7%
2015	8.4%
2014	9.1%
2013	9.2%
2012	9.7%
2011	8.9%
2010	5.4%

Fund Manager information for Principal Cash Management Fund

Name	Since	Tenure
Bekxy Kuriakose	31 May 19	1.26 Yr.

Data below for Principal Cash Management Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	89.95%
Corporate	10.05%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 15102020 Sovereign Bonds \| -	13%	₹20 Cr	2,000,000 ↑ 2,000,000
182 DTB 22102020 Sovereign Bonds \| -	7%	₹10 Cr	1,000,000 ↑ 1,000,000
364 DTB 22102020 Sovereign Bonds \| -	7%	₹10 Cr	1,000,000 ↑ 1,000,000
Power Grid Corporation of India Limited Debentures \| -	3%	₹5 Cr	50 ↑ 50
LIC Housing Finance Limited Debentures \| -	3%	₹5 Cr	50
182 DTB 17092020 Sovereign Bonds \| -	3%	₹5 Cr	500,000
Housing Development Finance Corporation Limited Debentures \| -	3%	₹4 Cr	04
Rural Electrification Corporation Limited Debentures \| -	1%	₹2 Cr	20
182 DTB 12112020 Sovereign Bonds \| -	1%	₹1 Cr	125,000 ↑ 125,000
Treps 01-Sep-2020 CBLO/Reverse Repo \| -	42%	₹63 Cr

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.

Tata Liquid Fund is a Debt - Liquid Fund fund was launched on 1 Sep 04. It is a fund with Low risk and has given a CAGR/Annualized return of 7.5% since its launch. Ranked 18 in Liquid Fund category. Return for 2019 was 6.6% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for Tata Liquid Fund

Tata Liquid Fund Growth
Launch Date	1 Sep 04
NAV (25 Sep 20)	₹3,174.43 ↑ 0.31 (0.01 %)
Net Assets (Cr)	₹18,934 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Tata Asset Management Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.34
Sharpe Ratio	0.5
Information Ratio	-1.32
Alpha Ratio	-0.57
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	3.36%
Effective Maturity	1 Month 10 Days
Modified Duration	1 Month 10 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,795
31 Aug 17	₹11,529
31 Aug 18	₹12,343
31 Aug 19	₹13,245
31 Aug 20	₹13,919

Tata Liquid Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.6%
1 Year	4.9%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.6%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%
2014	9.1%
2013	9.3%
2012	9.8%
2011	9%
2010	5%

Fund Manager information for Tata Liquid Fund

Name	Since	Tenure
Amit Somani	16 Oct 13	6.88 Yr.
Abhishek Sonthalia	6 Feb 20	0.57 Yr.

Data below for Tata Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	79.82%
Corporate	18.73%
Government	1.45%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 01102020 Sovereign Bonds \| -	14%	₹2,583 Cr	259,000,000 ↑ 12,000,000
91 DTB 24092020 Sovereign Bonds \| -	8%	₹1,487 Cr	149,000,000 ↑ 1,000,000
364 DTB 01102020 Sovereign Bonds \| -	3%	₹623 Cr	62,500,000
182 DTB 19112020 Sovereign Bonds \| -	3%	₹571 Cr	57,500,000 ↑ 57,500,000
364 DTB 10092020 Sovereign Bonds \| -	3%	₹500 Cr	50,000,000
91 DTB 05112020 Sovereign Bonds \| -	3%	₹497 Cr	50,000,000 ↑ 50,000,000
182 DTB 12112020 Sovereign Bonds \| -	3%	₹497 Cr	50,000,000 ↑ 50,000,000
364 DTB 17092020 Sovereign Bonds \| -	2%	₹449 Cr	45,000,000
182 DTB 24092020 Sovereign Bonds \| -	2%	₹449 Cr	45,000,000 ↓ -3,000,000
91 DTB 22102020 Sovereign Bonds \| -	2%	₹433 Cr	43,500,000 ↑ 10,000,000

6. 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.

Aditya Birla Sun Life Liquid Fund is a Debt - Liquid Fund fund was launched on 30 Mar 04. It is a fund with Low risk and has given a CAGR/Annualized return of 7.4% since its launch. Ranked 15 in Liquid Fund category. Return for 2019 was 6.7% , 2018 was 7.4% and 2017 was 6.7% .

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 (25 Sep 20)	₹324.135 ↑ 0.03 (0.01 %)
Net Assets (Cr)	₹39,810 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.23
Sharpe Ratio	0.82
Information Ratio	-1.44
Alpha Ratio	-0.45
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	3.5%
Effective Maturity	1 Month 13 Days
Modified Duration	1 Month 13 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,802
31 Aug 17	₹11,533
31 Aug 18	₹12,347
31 Aug 19	₹13,261
31 Aug 20	₹13,937

Aditya Birla Sun Life Liquid Fund SIP Returns

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

Returns for Aditya Birla Sun Life Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.5%
1 Year	4.9%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.4%
2014	9.2%
2013	9.3%
2012	9.7%
2011	9%
2010	5.5%

Fund Manager information for Aditya Birla Sun Life Liquid Fund

Name	Since	Tenure
Sunaina Cunha	18 Jun 09	11.21 Yr.
Kaustubh Gupta	15 Jul 11	9.14 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	76.33%
Corporate	23.55%
Government	0.13%

Credit Quality

Rating	Value
AA	0.03%
AAA	99.97%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
182 DTB 22102020 Sovereign Bonds \| -	5%	₹1,991 Cr	200,000,000 ↑ 200,000,000
182 DTB 19112020 Sovereign Bonds \| -	4%	₹1,504 Cr	151,500,000 ↑ 151,500,000
182 DTB 12112020 Sovereign Bonds \| -	3%	₹1,341 Cr	135,000,000 ↑ 135,000,000
91 DTB 17092020 Sovereign Bonds \| -	3%	₹1,238 Cr	124,000,000
91 DTB 05112020 Sovereign Bonds \| -	2%	₹994 Cr	100,000,000 ↑ 100,000,000
Power Finance Corporation Limited Debentures \| -	2%	₹851 Cr	8,500 ↑ 8,500
Reliance Industries Limited Debentures \| -	2%	₹846 Cr	8,450
182 DTB 24092020 Sovereign Bonds \| -	2%	₹748 Cr	75,000,000 ↑ 50,000,000
91 DTB 15102020 Sovereign Bonds \| -	2%	₹598 Cr	60,000,000
06.99% PN SDL 2020 Sovereign Bonds \| -	1%	₹502 Cr	50,000,000 ↑ 5,000,000

7. 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.

Nippon India Liquid Fund is a Debt - Liquid Fund fund was launched on 9 Dec 03. It is a fund with Low risk and has given a CAGR/Annualized return of 7.2% since its launch. Ranked 11 in Liquid Fund category. Return for 2019 was 6.7% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for Nippon India Liquid Fund

Nippon India Liquid Fund Growth
Launch Date	9 Dec 03
NAV (25 Sep 20)	₹4,919.2 ↑ 0.46 (0.01 %)
Net Assets (Cr)	₹26,900 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.21
Sharpe Ratio	0.66
Information Ratio	-1.44
Alpha Ratio	-0.52
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	3.31%
Effective Maturity	1 Month 12 Days
Modified Duration	1 Month 10 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,797
31 Aug 17	₹11,531
31 Aug 18	₹12,343
31 Aug 19	₹13,259
31 Aug 20	₹13,933

Nippon India Liquid Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.5%
1 Year	4.9%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%
2015	8.3%
2014	9.1%
2013	9.2%
2012	9.7%
2011	8.9%
2010	5.3%

Fund Manager information for Nippon India Liquid Fund

Name	Since	Tenure
Anju Chhajer	1 Oct 13	6.92 Yr.
Kinjal Desai	25 May 18	2.27 Yr.

Data below for Nippon India Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	77.6%
Corporate	21.27%
Government	1.13%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 17092020 Sovereign Bonds \| -	12%	₹3,246 Cr	325,000,000
91 DTB 29102020 Sovereign Bonds \| -	8%	₹2,128 Cr	213,884,100
182 DTB 26112020 Sovereign Bonds \| -	5%	₹1,216 Cr	122,500,000 ↑ 122,500,000
91 DTB 08102020 Sovereign Bonds \| -	4%	₹1,165 Cr	116,850,800 ↓ -4,000,000
91 DTB 22102020 Sovereign Bonds \| -	4%	₹1,040 Cr	104,500,000 ↑ 2,000,000
91 DTB 26112020 Sovereign Bonds \| -	3%	₹844 Cr	85,000,000 ↑ 85,000,000
91 DTB 15102020 Sovereign Bonds \| -	3%	₹797 Cr	80,000,000 ↓ -65,000,000
91 DTB 03092020 Sovereign Bonds \| -	3%	₹695 Cr	69,500,000 ↓ -91,500,000
91 DTB 10092020 Sovereign Bonds \| -	2%	₹580 Cr	58,000,000 ↓ -8,000,000
182 DTB 17092020 Sovereign Bonds \| -	1%	₹250 Cr	25,000,000

8. 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.

ICICI Prudential Liquid Fund is a Debt - Liquid Fund fund was launched on 17 Nov 05. It is a fund with Low risk and has given a CAGR/Annualized return of 7.6% since its launch. Ranked 20 in Liquid Fund category. Return for 2019 was 6.6% , 2018 was 7.4% and 2017 was 6.6% .

Below is the key information for ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund Growth
Launch Date	17 Nov 05
NAV (25 Sep 20)	₹298.265 ↑ 0.03 (0.01 %)
Net Assets (Cr)	₹54,052 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	0.54
Information Ratio	-1.89
Alpha Ratio	-0.57
Min Investment	500
Min SIP Investment	99
Exit Load	NIL
Yield to Maturity	3.36%
Effective Maturity	1 Month 11 Days
Modified Duration	1 Month 8 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,797
31 Aug 17	₹11,528
31 Aug 18	₹12,338
31 Aug 19	₹13,238
31 Aug 20	₹13,908

ICICI Prudential Liquid Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.5%
1 Year	4.9%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.6%
2018	7.4%
2017	6.6%
2016	7.7%
2015	8.3%
2014	9.1%
2013	9.3%
2012	9.7%
2011	8.9%
2010	5.5%

Fund Manager information for ICICI Prudential Liquid Fund

Name	Since	Tenure
Rahul Goswami	27 Sep 12	7.93 Yr.
Rohan Maru	19 Sep 13	6.95 Yr.

Data below for ICICI Prudential Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	86.92%
Corporate	12.98%
Government	0.09%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 12112020 Sovereign Bonds \| -	8%	₹4,471 Cr	450,000,000 ↑ 450,000,000
91 DTB 24092020 Sovereign Bonds \| -	5%	₹2,736 Cr	274,123,400
91 DTB 22102020 Sovereign Bonds \| -	4%	₹2,339 Cr	235,000,000
91 DTB 15102020 Sovereign Bonds \| -	4%	₹1,967 Cr	197,500,000
91 DTB 05112020 Sovereign Bonds \| -	3%	₹1,790 Cr	180,000,000 ↑ 180,000,000
91 DTB 10092020 Sovereign Bonds \| -	3%	₹1,537 Cr	153,837,800
182 DTB 06112020 Sovereign Bonds \| -	3%	₹1,491 Cr	150,000,000 ↑ 150,000,000
91 DTB 01102020 Sovereign Bonds \| -	3%	₹1,446 Cr	145,000,000
182 DTB 29102020 Sovereign Bonds \| -	2%	₹1,244 Cr	125,000,000 ↑ 125,000,000
91 DTB 29102020 Sovereign Bonds \| -	2%	₹1,094 Cr	110,000,000

9. 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.

Axis Liquid Fund is a Debt - Liquid Fund fund was launched on 9 Oct 09. It is a fund with Low risk and has given a CAGR/Annualized return of 7.6% since its launch. Ranked 21 in Liquid Fund category. Return for 2019 was 6.6% , 2018 was 7.5% and 2017 was 6.7% .

Below is the key information for Axis Liquid Fund

Axis Liquid Fund Growth
Launch Date	9 Oct 09
NAV (27 Sep 20)	₹2,237.06 ↑ 0.22 (0.01 %)
Net Assets (Cr)	₹28,818 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.16
Sharpe Ratio	0.58
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	3.32%
Effective Maturity	1 Month 8 Days
Modified Duration	1 Month 6 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,794
31 Aug 17	₹11,530
31 Aug 18	₹12,349
31 Aug 19	₹13,256
31 Aug 20	₹13,929

Axis Liquid Fund SIP Returns

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

Returns for Axis Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2%
1 Year	4.9%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.6%
2018	7.5%
2017	6.7%
2016	7.6%
2015	8.4%
2014	9.1%
2013	9.2%
2012	9.7%
2011	9%
2010	5.6%

Fund Manager information for Axis Liquid Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	7.82 Yr.
Aditya Pagaria	13 Aug 16	4.05 Yr.

Data below for Axis Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	84.96%
Corporate	12.79%
Government	2.25%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
182 DTB 15102020 Sovereign Bonds \| -	8%	₹2,191 Cr	220,000,000 ↑ 220,000,000
182 DTB 24092020 Sovereign Bonds \| -	5%	₹1,497 Cr	150,000,000
91 DTB 29102020 Sovereign Bonds \| -	5%	₹1,438 Cr	144,500,000 ↑ 69,500,000
91 DTB 05112020 Sovereign Bonds \| -	4%	₹1,178 Cr	118,500,000 ↑ 118,500,000
91 DTB 10092020 Sovereign Bonds \| -	4%	₹1,149 Cr	115,000,000 ↑ 100,000,000
91 DTB 24092020 Sovereign Bonds \| -	3%	₹998 Cr	100,000,000
91 DTB 08102020 Sovereign Bonds \| -	3%	₹997 Cr	100,000,000
91 DTB 26112020 Sovereign Bonds \| -	3%	₹992 Cr	100,000,000 ↑ 100,000,000
91 DTB 22102020 Sovereign Bonds \| -	3%	₹732 Cr	73,500,000 ↑ 22,000,000
182 DTB 12112020 Sovereign Bonds \| -	2%	₹522 Cr	52,500,000 ↑ 52,500,000

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.

Baroda Pioneer Liquid Fund is a Debt - Liquid Fund fund was launched on 5 Feb 09. It is a fund with Low risk and has given a CAGR/Annualized return of 7.5% since its launch. Ranked 22 in Liquid Fund category. Return for 2019 was 6.6% , 2018 was 7.5% and 2017 was 6.7% .

Below is the key information for Baroda Pioneer Liquid Fund

Baroda Pioneer Liquid Fund Growth
Launch Date	5 Feb 09
NAV (25 Sep 20)	₹2,313.15 ↑ 0.23 (0.01 %)
Net Assets (Cr)	₹3,457 on 31 Aug 20
Category	Debt - Liquid Fund
AMC	Baroda Pioneer Asset Management Co. Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	-0.01
Information Ratio	-1.25
Alpha Ratio	-0.41
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	3.3%
Effective Maturity	28 Days
Modified Duration	26 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 15	₹10,000
31 Aug 16	₹10,809
31 Aug 17	₹11,546
31 Aug 18	₹12,364
31 Aug 19	₹13,268
31 Aug 20	₹13,925

Baroda Pioneer Liquid Fund SIP Returns

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

Returns for 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 25 Sep 20

Duration	Returns
1 Month	0.3%
3 Month	0.8%
6 Month	2.3%
1 Year	4.8%
3 Year	6.4%
5 Year	6.8%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	6.6%
2018	7.5%
2017	6.7%
2016	7.8%
2015	8.4%
2014	9.1%
2013	9.2%
2012	9.7%
2011	9%
2010	5.5%

Fund Manager information for Baroda Pioneer Liquid Fund

Name	Since	Tenure
Hetal Shah	5 Feb 09	11.58 Yr.
Alok Sahoo	5 Feb 09	11.58 Yr.

Data below for Baroda Pioneer Liquid Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	82.82%
Government	13.87%
Corporate	3.3%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
91 DTB 17092020 Sovereign Bonds \| -	9%	₹300 Cr	30,000,000 ↓ -10,000,000
182 DTB 15102020 Sovereign Bonds \| -	9%	₹299 Cr	30,000,000 ↑ 30,000,000
182 DTB 08102020 Sovereign Bonds \| -	6%	₹224 Cr	22,500,000 ↑ 22,500,000
Housing Development Finance Corporation Limited Debentures \| -	3%	₹101 Cr	1,000 ↑ 1,000
91 DTB 10092020 Sovereign Bonds \| -	2%	₹75 Cr	7,500,000 ↑ 7,500,000
Housing Development Finance Corporation Limited Debentures \| -	1%	₹25 Cr	25
Reliance Industries Limited Debentures \| -	0%	₹12 Cr	120
Treps CBLO/Reverse Repo \| -	14%	₹486 Cr
Oriental Bank of Commerce Certificate of Deposit \| -	7%	₹225 Cr	22,500 ↑ 22,500
Reliance Industries Limited Commercial Paper \| -	6%	₹199 Cr	4,000

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.