+91-22-489139095 Best Performing Liquid Funds for SIP 2025
Liquid Funds are considered to be the safest category of debt mutual fund as they have the lowest interest rate and credit risk. Liquid funds invest in debt securities which have maturity, up to 91 days. These funds offer better returns than the Bank Savings Account. In comparison to 4% interest rate of bank accounts, liquid Mutual Funds offer about 7% returns. Additionally, liquid funds are highly liquid, one can redeem their funds within a day. Investors can invest their surplus amount to earn good returns or they can even invest to achieve their short-term Financial goals. For instance, if one needs to buy a gadget or wants to plan a short trip. For better returns, investors can invest in these pre-listed top performing liquid funds via a SIP. Let’s have a look at their latest performances and returns!
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Top 5 Best Performing Liquid Funds for SIP Investments FY 25 - 26
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) BOI AXA Liquid Fund Growth ₹3,047.3
↑ 0.42 ₹1,824 1,000 1.4 3.3 6.9 7.1 5.7 7.4 Indiabulls Liquid Fund Growth ₹2,558.86
↑ 0.38 ₹303 500 1.4 3.3 6.9 6.9 5.5 7.4 Tata Liquid Fund Growth ₹4,167.23
↑ 0.62 ₹20,404 500 1.4 3.2 6.8 7 5.6 7.3 Mirae Asset Cash Management Fund Growth ₹2,774.36
↑ 0.39 ₹13,791 1,000 1.4 3.2 6.8 7 5.6 7.3 ICICI Prudential Liquid Fund Growth ₹391.658
↑ 0.05 ₹52,340 99 1.4 3.2 6.8 7 5.6 7.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Sep 25 Research Highlights & Commentary of 5 Funds showcased
Commentary BOI AXA Liquid Fund Indiabulls Liquid Fund Tata Liquid Fund Mirae Asset Cash Management Fund ICICI Prudential Liquid Fund Point 1 Bottom quartile AUM (₹1,824 Cr). Bottom quartile AUM (₹303 Cr). Upper mid AUM (₹20,404 Cr). Lower mid AUM (₹13,791 Cr). Highest AUM (₹52,340 Cr). Point 2 Established history (17+ yrs). Established history (13+ yrs). Oldest track record among peers (21 yrs). Established history (16+ yrs). Established history (19+ yrs). Point 3 Rating: 3★ (bottom quartile). Top rated. Rating: 4★ (upper mid). Rating: 2★ (bottom quartile). Rating: 4★ (lower mid). Point 4 Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Point 5 1Y return: 6.89% (top quartile). 1Y return: 6.87% (upper mid). 1Y return: 6.85% (lower mid). 1Y return: 6.81% (bottom quartile). 1Y return: 6.81% (bottom quartile). Point 6 1M return: 0.47% (upper mid). 1M return: 0.47% (top quartile). 1M return: 0.47% (lower mid). 1M return: 0.46% (bottom quartile). 1M return: 0.47% (bottom quartile). Point 7 Sharpe: 4.59 (top quartile). Sharpe: 3.54 (bottom quartile). Sharpe: 3.56 (lower mid). Sharpe: 3.82 (upper mid). Sharpe: 3.34 (bottom quartile). Point 8 Information ratio: 0.74 (top quartile). Information ratio: -1.18 (bottom quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: -0.74 (bottom quartile). Point 9 Yield to maturity (debt): 5.82% (bottom quartile). Yield to maturity (debt): 5.88% (upper mid). Yield to maturity (debt): 5.94% (top quartile). Yield to maturity (debt): 5.87% (lower mid). Yield to maturity (debt): 5.87% (bottom quartile). Point 10 Modified duration: 0.11 yrs (bottom quartile). Modified duration: 0.09 yrs (upper mid). Modified duration: 0.11 yrs (lower mid). Modified duration: 0.11 yrs (bottom quartile). Modified duration: 0.09 yrs (top quartile). BOI AXA Liquid Fund
Indiabulls Liquid Fund
Tata Liquid Fund
Mirae Asset Cash Management Fund
ICICI Prudential Liquid Fund
*Above is list of best Liquid funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.
Objective The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.
However there can be no assurance that the investment objectives of the Scheme will be realized. Below is the key information for BOI AXA Liquid Fund Returns up to 1 year are on 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 Below is the key information for Indiabulls Liquid Fund Returns up to 1 year are on (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 Below is the key information for Tata Liquid Fund Returns up to 1 year are on The investment objective of the scheme
is to generate consistent returns with a
high level of liquidity in a judicious
portfolio mix comprising of money
market and debt instruments. The
Scheme does not guarantee any
returns. Research Highlights for Mirae Asset Cash Management Fund Below is the key information for Mirae Asset Cash Management Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Liquid Fund Returns up to 1 year are on 1. BOI AXA Liquid Fund
BOI AXA Liquid Fund
Growth Launch Date 16 Jul 08 NAV (24 Sep 25) ₹3,047.3 ↑ 0.42 (0.01 %) Net Assets (Cr) ₹1,824 on 31 Aug 25 Category Debt - Liquid Fund AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Low Expense Ratio 0.13 Sharpe Ratio 4.59 Information Ratio 0.74 Alpha Ratio 0.05 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 5.82% Effective Maturity 1 Month 10 Days Modified Duration 1 Month 10 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,316 31 Aug 22 ₹10,725 31 Aug 23 ₹11,450 31 Aug 24 ₹12,299 31 Aug 25 ₹13,159 Returns for BOI AXA Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.3% 1 Year 6.9% 3 Year 7.1% 5 Year 5.7% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 2023 7% 2022 4.9% 2021 3.3% 2020 4.1% 2019 6.4% 2018 7.4% 2017 6.7% 2016 7.6% 2015 8.3% Fund Manager information for BOI AXA Liquid Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 4.04 Yr. Data below for BOI AXA 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 83.72% Corporate 12.34% Government 3.68% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -5% ₹100 Cr 10,000,000 LIC Housing Finance Ltd
Commercial Paper | -5% ₹100 Cr 10,000,000 Export Import Bank Of India **
Commercial Paper | -5% ₹99 Cr 10,000,000 Axis Bank Limited
Certificate of Deposit | -4% ₹75 Cr 7,500,000
↓ -5,000,000 HDFC Bank Limited
Certificate of Deposit | -4% ₹75 Cr 7,500,000 ICICI Home Finance Company Limited
Commercial Paper | -4% ₹74 Cr 7,500,000
↑ 7,500,000 91 Days Tbill Red 16-10-2025
Sovereign Bonds | -3% ₹59 Cr 6,000,000 182 DTB 18102024
Sovereign Bonds | -3% ₹55 Cr 5,500,000
↑ 5,500,000 Net Receivables / (Payables)
Net Current Assets | -2% ₹50 Cr Axis Finance Ltd.
Commercial Paper | -2% ₹50 Cr 5,000,000 2. Indiabulls Liquid Fund
Indiabulls Liquid Fund
Growth Launch Date 27 Oct 11 NAV (24 Sep 25) ₹2,558.86 ↑ 0.38 (0.01 %) 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 31 Aug 20 ₹10,000 31 Aug 21 ₹10,312 31 Aug 22 ₹10,682 31 Aug 23 ₹11,368 31 Aug 24 ₹12,198 31 Aug 25 ₹13,051 Returns for Indiabulls Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.3% 1 Year 6.9% 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 99.83% Other 0.17% Debt Sector Allocation
Sector Value Cash Equivalent 69.02% Corporate 24.2% Government 6.6% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -7% ₹26 Cr 2,615,500
↑ 2,615,500 L&T Finance Limited
Debentures | -6% ₹25 Cr 2,000,000
↑ 2,000,000 National Bank For Agriculture And Rural Development
Debentures | -6% ₹25 Cr 2,500,000
↑ 2,500,000 Reliance Retail Ventures Limited
Commercial Paper | -6% ₹25 Cr 2,500,000 Bank Of India
Certificate of Deposit | -6% ₹25 Cr 2,500,000
↑ 2,500,000 Punjab National Bank
Certificate of Deposit | -6% ₹25 Cr 2,500,000 HDFC Bank Limited
Certificate of Deposit | -6% ₹25 Cr 2,500,000 Indian Oil Corporation Ltd.
Commercial Paper | -6% ₹25 Cr 2,500,000 LIC Housing Finance Limited
Commercial Paper | -6% ₹25 Cr 2,500,000 91 Days Tbill Red 30-10-2025
Sovereign Bonds | -6% ₹25 Cr 2,500,000
↑ 500,000 3. Tata Liquid Fund
Tata Liquid Fund
Growth Launch Date 1 Sep 04 NAV (24 Sep 25) ₹4,167.23 ↑ 0.62 (0.01 %) 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 31 Aug 20 ₹10,000 31 Aug 21 ₹10,318 31 Aug 22 ₹10,711 31 Aug 23 ₹11,422 31 Aug 24 ₹12,256 31 Aug 25 ₹13,107 Returns for Tata Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.2% 1 Year 6.8% 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 99.73% Other 0.27% Debt Sector Allocation
Sector Value Cash Equivalent 79.82% Corporate 16.46% Government 3.45% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Retail Ventures Limited
Commercial Paper | -5% ₹1,293 Cr 26,000
↑ 500 Bank Of Baroda
Certificate of Deposit | -5% ₹1,172 Cr 23,500
↓ -2,500 91 Days Tbill Red 16-10-2025
Sovereign Bonds | -4% ₹941 Cr 95,000,000
↓ -19,000,000 HDFC Bank Ltd
Certificate of Deposit | -4% ₹844 Cr 17,000 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -3% ₹820 Cr 82,500,000 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹698 Cr 14,000 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -3% ₹692 Cr 69,500,000
↓ -40,000,000 Cash / Net Current Asset
Net Current Assets | -3% ₹691 Cr Reliance Retail Ventures Limited
Commercial Paper | -3% ₹649 Cr 13,000 Bharti Telecom Limited
Commercial Paper | -3% ₹618 Cr 12,500
↑ 4,000 4. Mirae Asset Cash Management Fund
Mirae Asset Cash Management Fund
Growth Launch Date 12 Jan 09 NAV (24 Sep 25) ₹2,774.36 ↑ 0.39 (0.01 %) Net Assets (Cr) ₹13,791 on 31 Aug 25 Category Debt - Liquid Fund AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆ Risk Low Expense Ratio 0.14 Sharpe Ratio 3.82 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 5.87% Effective Maturity 1 Month 12 Days Modified Duration 1 Month 10 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,329 31 Aug 22 ₹10,729 31 Aug 23 ₹11,448 31 Aug 24 ₹12,287 31 Aug 25 ₹13,137 Returns for Mirae Asset Cash Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.2% 1 Year 6.8% 3 Year 7% 5 Year 5.6% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.3% 2023 7% 2022 4.8% 2021 3.3% 2020 4.2% 2019 6.6% 2018 7.3% 2017 6.6% 2016 7.2% 2015 7.8% Fund Manager information for Mirae Asset Cash Management Fund
Name Since Tenure Amit Modani 1 Nov 24 0.83 Yr. Data below for Mirae Asset Cash Management Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 99.8% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 70.74% Corporate 25.74% Government 3.31% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -4% ₹594 Cr 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -4% ₹549 Cr 55,000,000 Union Bank Of India
Certificate of Deposit | -3% ₹497 Cr 50,000,000 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹497 Cr 50,000,000 182 Days Tbill
Sovereign Bonds | -3% ₹448 Cr 45,000,000 Punjab National Bank
Certificate of Deposit | -3% ₹399 Cr 40,000,000
↑ 40,000,000 Canara Bank
Certificate of Deposit | -2% ₹349 Cr 35,000,000 Indian Bank
Certificate of Deposit | -2% ₹325 Cr 32,500,000 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -2% ₹299 Cr 30,000,000 Godrej Consumer Products Ltd.
Commercial Paper | -2% ₹298 Cr 30,000,000 5. ICICI Prudential Liquid Fund
ICICI Prudential Liquid Fund
Growth Launch Date 17 Nov 05 NAV (24 Sep 25) ₹391.658 ↑ 0.05 (0.01 %) 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 31 Aug 20 ₹10,000 31 Aug 21 ₹10,318 31 Aug 22 ₹10,711 31 Aug 23 ₹11,425 31 Aug 24 ₹12,264 31 Aug 25 ₹13,110 Returns for ICICI Prudential Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.2% 1 Year 6.8% 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 99.75% Other 0.25% Debt Sector Allocation
Sector Value Cash Equivalent 76.54% Corporate 21.21% Government 2% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -8% ₹4,550 Cr 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -6% ₹3,128 Cr 313,000,000 Reverse Repo (8/18/2025)
CBLO/Reverse Repo | -4% ₹2,000 Cr Bank Of India
Certificate of Deposit | -3% ₹1,497 Cr 30,000 Reliance Retail Ventures Limited
Commercial Paper | -2% ₹1,249 Cr 25,000 Small Industries Development Bank Of India
Commercial Paper | -2% ₹1,248 Cr 25,000 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -2% ₹1,246 Cr 125,000,000 India (Republic of)
- | -2% ₹1,110 Cr 112,500,000
↑ 112,500,000 Indian Bank
Certificate of Deposit | -2% ₹999 Cr 20,000 National Bank For Agriculture And Rural Development
Commercial Paper | -2% ₹999 Cr 20,000
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.
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Research Highlights for BOI AXA Liquid Fund