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5 Best Performing Liquid Mutual Funds SIP Investments 2024

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5 Best Performing Liquid Funds for SIP 2024

Updated on April 18, 2024 , 8992 views

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 24 - 25

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
BOI AXA Liquid Fund Growth ₹2,767.21
↑ 0.54
₹1,322 1,000 1.93.87.35.65.27
Mirae Asset Cash Management Fund Growth ₹2,520.96
↑ 0.36
₹6,872 1,000 1.93.77.35.55.27
ICICI Prudential Liquid Fund Growth ₹355.925
↑ 0.06
₹35,428 99 1.93.77.25.55.27
LIC MF Liquid Fund Growth ₹4,347.61
↑ 0.59
₹8,305 1,000 1.93.77.25.45.27
Tata Liquid Fund Growth ₹3,786.49
↑ 0.56
₹17,463 500 1.93.77.25.45.27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 24

*Above is list of best Liquid funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.

1. BOI AXA Liquid Fund

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.

BOI AXA Liquid Fund is a Debt - Liquid Fund fund was launched on 16 Jul 08. It is a fund with Low risk and has given a CAGR/Annualized return of 6.7% since its launch.  Ranked 34 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.9% and 2021 was 3.3% .

Below is the key information for BOI AXA Liquid Fund

BOI AXA Liquid Fund
Growth
Launch Date 16 Jul 08
NAV (21 Apr 24) ₹2,767.21 ↑ 0.54   (0.02 %)
Net Assets (Cr) ₹1,322 on 31 Mar 24
Category Debt - Liquid Fund
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Low
Expense Ratio 0.22
Sharpe Ratio 2.32
Information Ratio -2.87
Alpha Ratio -0.09
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.4%
Effective Maturity 1 Month 13 Days
Modified Duration 1 Month 13 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,595
31 Mar 21₹10,970
31 Mar 22₹11,342
31 Mar 23₹11,990
31 Mar 24₹12,862

BOI AXA Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for BOI AXA 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 21 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.8%
1 Year 7.3%
3 Year 5.6%
5 Year 5.2%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2014 9%
Fund Manager information for BOI AXA Liquid Fund
NameSinceTenure
Mithraem Bharucha17 Aug 212.62 Yr.

Data below for BOI AXA Liquid Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash99.78%
Other0.22%
Debt Sector Allocation
SectorValue
Cash Equivalent56.9%
Corporate29.45%
Government13.43%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
12%₹148 Cr15,000,000
↑ 10,000,000
Bank Of Baroda
Certificate of Deposit | -
5%₹69 Cr7,000,000
Repo
CBLO/Reverse Repo | -
5%₹62 Cr
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Certificate of Deposit | -
4%₹50 Cr5,000,000
91 DTB 02052024
Sovereign Bonds | -
4%₹50 Cr5,000,000
Kotak Securities Ltd
Commercial Paper | -
4%₹49 Cr5,000,000
182 DTB 23052024
Sovereign Bonds | -
4%₹49 Cr5,000,000
↑ 5,000,000
Punjab National Bank
Certificate of Deposit | -
4%₹49 Cr5,000,000
Union Bank of India
Domestic Bonds | -
4%₹49 Cr5,000,000
↑ 5,000,000
Bajaj Finance Ltd.
Commercial Paper | -
4%₹49 Cr5,000,000

2. Mirae Asset Cash Management Fund

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.

Mirae Asset Cash Management Fund is a Debt - Liquid Fund fund was launched on 12 Jan 09. It is a fund with Low risk and has given a CAGR/Annualized return of 6.2% since its launch.  Ranked 48 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.3% .

Below is the key information for Mirae Asset Cash Management Fund

Mirae Asset Cash Management Fund
Growth
Launch Date 12 Jan 09
NAV (19 Apr 24) ₹2,520.96 ↑ 0.36   (0.01 %)
Net Assets (Cr) ₹6,872 on 31 Mar 24
Category Debt - Liquid Fund
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating
Risk Low
Expense Ratio 0.19
Sharpe Ratio 1.07
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.34%
Effective Maturity 1 Month 7 Days
Modified Duration 1 Month 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,614
31 Mar 21₹10,993
31 Mar 22₹11,364
31 Mar 23₹12,007
31 Mar 24₹12,872

Mirae Asset Cash Management Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Mirae Asset 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 21 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.7%
1 Year 7.3%
3 Year 5.5%
5 Year 5.2%
10 Year
15 Year
Since launch 6.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2014 8.7%
Fund Manager information for Mirae Asset Cash Management Fund
NameSinceTenure
Abhishek Iyer28 Dec 203.26 Yr.

Data below for Mirae Asset Cash Management Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash99.8%
Other0.2%
Debt Sector Allocation
SectorValue
Cash Equivalent64.24%
Corporate23.68%
Government11.88%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Receivables / (Payables)
CBLO | -
4%-₹420 Cr
India (Republic of)
- | -
3%₹346 Cr35,000,000
↑ 5,000,000
State Bank Of India
Certificate of Deposit | -
3%₹291 Cr29,500,000
↑ 29,500,000
National Bank For Agriculture And Rural Development
Commercial Paper | -
3%₹275 Cr27,500,000
Canara Bank
Domestic Bonds | -
3%₹272 Cr27,500,000
Grasim Industries Ltd.
Commercial Paper | -
2%₹250 Cr25,000,000
Small Industries Development Bank Of India
Certificate of Deposit | -
2%₹249 Cr25,000,000
↓ -20,000,000
91 DTB 21032024
Sovereign Bonds | -
2%₹225 Cr22,500,000
HDFC Bank Limited
Commercial Paper | -
2%₹200 Cr20,000,000
Aditya Birla Fashion & Retail Ltd.
Commercial Paper | -
2%₹200 Cr20,000,000

3. 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 7.1% since its launch.  Ranked 20 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.2% .

Below is the key information for ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund
Growth
Launch Date 17 Nov 05
NAV (19 Apr 24) ₹355.925 ↑ 0.06   (0.02 %)
Net Assets (Cr) ₹35,428 on 31 Mar 24
Category Debt - Liquid Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.29
Sharpe Ratio 1.05
Information Ratio -4.19
Alpha Ratio -0.26
Min Investment 500
Min SIP Investment 99
Exit Load NIL
Yield to Maturity 7.49%
Effective Maturity 1 Month 15 Days
Modified Duration 1 Month 11 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,620
31 Mar 21₹11,003
31 Mar 22₹11,370
31 Mar 23₹12,006
31 Mar 24₹12,867

ICICI Prudential Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for ICICI Prudential Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.7%
1 Year 7.2%
3 Year 5.5%
5 Year 5.2%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2014 9.1%
Fund Manager information for ICICI Prudential Liquid Fund
NameSinceTenure
Rohan Maru19 Sep 1310.54 Yr.
Nikhil Kabra1 Dec 230.33 Yr.
Darshil Dedhia12 Jun 230.81 Yr.

Data below for ICICI Prudential Liquid Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash99.77%
Other0.23%
Debt Sector Allocation
SectorValue
Cash Equivalent67.18%
Government17.02%
Corporate15.56%
Credit Quality
RatingValue
AA0.1%
AAA99.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
5%₹2,462 Cr250,000,000
↑ 250,000,000
India (Republic of)
- | -
4%₹2,022 Cr205,535,500
↑ 205,535,500
Canara Bank
Certificate of Deposit | -
4%₹1,625 Cr33,000
Union Bank Of India
Certificate of Deposit | -
2%₹989 Cr20,000
National Bank For Agriculture And Rural Development
Commercial Paper | -
2%₹985 Cr20,000
Punjab National Bank
Certificate of Deposit | -
2%₹985 Cr20,000
Bank Of Baroda
Certificate of Deposit | -
2%₹985 Cr20,000
Bank of Baroda
Debentures | -
2%₹984 Cr20,000
Eris Lifesciences Ltd
Commercial Paper | -
2%₹955 Cr19,500
↑ 19,500
Small Industries Development Bank of India
Commercial Paper | -
2%₹836 Cr16,900

4. LIC MF Liquid Fund

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

LIC MF Liquid Fund is a Debt - Liquid Fund fund was launched on 11 Mar 02. It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 25 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.7% and 2021 was 3.3% .

Below is the key information for LIC MF Liquid Fund

LIC MF Liquid Fund
Growth
Launch Date 11 Mar 02
NAV (19 Apr 24) ₹4,347.61 ↑ 0.59   (0.01 %)
Net Assets (Cr) ₹8,305 on 31 Mar 24
Category Debt - Liquid Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 1
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.66%
Effective Maturity 1 Month 12 Days
Modified Duration 1 Month 12 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,620
31 Mar 21₹10,997
31 Mar 22₹11,363
31 Mar 23₹11,996
31 Mar 24₹12,855

LIC MF Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for LIC MF Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.7%
1 Year 7.2%
3 Year 5.4%
5 Year 5.2%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 4.7%
2021 3.3%
2020 4.3%
2019 6.5%
2018 7.3%
2017 6.6%
2016 7.6%
2015 8.4%
2014 9%
Fund Manager information for LIC MF Liquid Fund
NameSinceTenure
Rahul Singh5 Oct 158.49 Yr.

Data below for LIC MF Liquid Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash95.27%
Debt4.53%
Other0.2%
Debt Sector Allocation
SectorValue
Cash Equivalent68.47%
Corporate23.57%
Government7.76%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen And Toubro Limited
Commercial Paper | -
6%₹749 Cr15,000
↓ -1,000
Net Receivables / (Payables)
CBLO | -
5%-₹682 Cr
91 DTB 02052024
Sovereign Bonds | -
4%₹496 Cr50,000,000
Canara Bank
Domestic Bonds | -
3%₹442 Cr9,000
↑ 9,000
91 DTB 23052024
Sovereign Bonds | -
3%₹395 Cr40,000,000
↑ 40,000,000
Birla Group Holdings Private Limited
Debentures | -
3%₹387 Cr7,900
↑ 7,900
364 DTB 23052024
Sovereign Bonds | -
3%₹355 Cr36,000,000
↑ 36,000,000
HDFC Bank Limited
Certificate of Deposit | -
3%₹344 Cr7,000
↑ 7,000
Small Industries Development Bank Of India
Certificate of Deposit | -
2%₹298 Cr6,000
India (Republic of)
- | -
2%₹297 Cr30,000,000

5. Tata Liquid Fund

(Erstwhile TATA Money Market Fund )

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

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% since its launch.  Ranked 18 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.2% .

Below is the key information for Tata Liquid Fund

Tata Liquid Fund
Growth
Launch Date 1 Sep 04
NAV (19 Apr 24) ₹3,786.49 ↑ 0.56   (0.01 %)
Net Assets (Cr) ₹17,463 on 31 Mar 24
Category Debt - Liquid Fund
AMC Tata Asset Management Limited
Rating
Risk Low
Expense Ratio 0.25
Sharpe Ratio 1.09
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.37%
Effective Maturity 1 Month 9 Days
Modified Duration 1 Month 9 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,624
31 Mar 21₹11,004
31 Mar 22₹11,374
31 Mar 23₹12,006
31 Mar 24₹12,866

Tata Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Tata Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.7%
1 Year 7.2%
3 Year 5.4%
5 Year 5.2%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2014 9.1%
Fund Manager information for Tata Liquid Fund
NameSinceTenure
Amit Somani16 Oct 1310.46 Yr.
Abhishek Sonthalia6 Feb 204.15 Yr.

Data below for Tata Liquid Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash99.79%
Other0.21%
Debt Sector Allocation
SectorValue
Cash Equivalent73.66%
Corporate17.45%
Government8.68%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 25042024
Sovereign Bonds | -
5%₹1,345 Cr135,500,000
Indian Bank
Domestic Bonds | -
4%₹1,233 Cr25,000
India (Republic of)
- | -
4%₹1,209 Cr121,607,800
Small Industries Development Bank Of India
Commercial Paper | -
3%₹985 Cr20,000
National Bank for Agriculture and Rural Development
Commercial Paper | -
3%₹983 Cr20,000
↑ 20,000
Canara Bank
Domestic Bonds | -
3%₹982 Cr20,000
↑ 20,000
08.35 SBI RT SB 2024
Domestic Bonds | -
3%₹950 Cr95,000,000
↑ 40,000,000
Canara Bank
Certificate of Deposit | -
3%₹848 Cr17,000
PNB Housing Finance Ltd.
Commercial Paper | -
3%₹786 Cr16,000
↑ 16,000
Union Bank Of India
Certificate of Deposit | -
3%₹774 Cr15,500
↑ 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.
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