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5 Best Performing Liquid Funds for SIP 2024
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
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) BOI AXA Liquid Fund Growth ₹2,768.69
↑ 0.46 ₹1,322 1,000 1.9 3.8 7.3 5.6 5.2 7 Mirae Asset Cash Management Fund Growth ₹2,523.23
↑ 0.41 ₹6,872 1,000 1.9 3.7 7.3 5.5 5.2 7 ICICI Prudential Liquid Fund Growth ₹356.241
↑ 0.06 ₹35,428 99 1.9 3.7 7.2 5.5 5.2 7 LIC MF Liquid Fund Growth ₹4,351.52
↑ 0.72 ₹8,305 1,000 1.9 3.7 7.2 5.5 5.2 7 Tata Liquid Fund Growth ₹3,789.88
↑ 0.60 ₹17,463 500 1.9 3.7 7.2 5.5 5.2 7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24
*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. 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 Below is the key information for BOI AXA 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. 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 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. 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 Below is the key information for ICICI Prudential Liquid Fund Returns up to 1 year are on 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 Below is the key information for LIC MF 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. 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 Below is the key information for Tata Liquid Fund Returns up to 1 year are on 1. BOI AXA Liquid Fund
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% . BOI AXA Liquid Fund
Growth Launch Date 16 Jul 08 NAV (24 Apr 24) ₹2,768.69 ↑ 0.46 (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.
Date Value 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 Returns for BOI AXA Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 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
Year Returns 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
Name Since Tenure Mithraem Bharucha 17 Aug 21 2.62 Yr. Data below for BOI AXA Liquid Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 99.78% Other 0.22% Debt Sector Allocation
Sector Value Cash Equivalent 56.9% Corporate 29.45% Government 13.43% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -12% ₹148 Cr 15,000,000
↑ 10,000,000 Bank Of Baroda
Certificate of Deposit | -5% ₹69 Cr 7,000,000 Repo
CBLO/Reverse Repo | -5% ₹62 Cr Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Certificate of Deposit | -4% ₹50 Cr 5,000,000 91 DTB 02052024
Sovereign Bonds | -4% ₹50 Cr 5,000,000 Kotak Securities Ltd
Commercial Paper | -4% ₹49 Cr 5,000,000 182 DTB 23052024
Sovereign Bonds | -4% ₹49 Cr 5,000,000
↑ 5,000,000 Punjab National Bank
Certificate of Deposit | -4% ₹49 Cr 5,000,000 Union Bank of India
Domestic Bonds | -4% ₹49 Cr 5,000,000
↑ 5,000,000 Bajaj Finance Ltd.
Commercial Paper | -4% ₹49 Cr 5,000,000 2. Mirae Asset Cash Management Fund
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% . Mirae Asset Cash Management Fund
Growth Launch Date 12 Jan 09 NAV (24 Apr 24) ₹2,523.23 ↑ 0.41 (0.02 %) 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.
Date Value 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 Returns for Mirae Asset Cash Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 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
Year Returns 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
Name Since Tenure Abhishek Iyer 28 Dec 20 3.26 Yr. Data below for Mirae Asset Cash Management Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 99.8% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 64.24% Corporate 23.68% Government 11.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Receivables / (Payables)
CBLO | -4% -₹420 Cr India (Republic of)
- | -3% ₹346 Cr 35,000,000
↑ 5,000,000 State Bank Of India
Certificate of Deposit | -3% ₹291 Cr 29,500,000
↑ 29,500,000 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹275 Cr 27,500,000 Canara Bank
Domestic Bonds | -3% ₹272 Cr 27,500,000 Grasim Industries Ltd.
Commercial Paper | -2% ₹250 Cr 25,000,000 Small Industries Development Bank Of India
Certificate of Deposit | -2% ₹249 Cr 25,000,000
↓ -20,000,000 91 DTB 21032024
Sovereign Bonds | -2% ₹225 Cr 22,500,000 HDFC Bank Limited
Commercial Paper | -2% ₹200 Cr 20,000,000 Aditya Birla Fashion & Retail Ltd.
Commercial Paper | -2% ₹200 Cr 20,000,000 3. ICICI Prudential Liquid Fund
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% . ICICI Prudential Liquid Fund
Growth Launch Date 17 Nov 05 NAV (24 Apr 24) ₹356.241 ↑ 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.
Date Value 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 Returns for ICICI Prudential Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 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
Year Returns 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
Name Since Tenure Rohan Maru 19 Sep 13 10.54 Yr. Nikhil Kabra 1 Dec 23 0.33 Yr. Darshil Dedhia 12 Jun 23 0.81 Yr. Data below for ICICI Prudential Liquid Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 99.77% Other 0.23% Debt Sector Allocation
Sector Value Cash Equivalent 67.18% Government 17.02% Corporate 15.56% Credit Quality
Rating Value AA 0.1% AAA 99.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹2,462 Cr 250,000,000
↑ 250,000,000 India (Republic of)
- | -4% ₹2,022 Cr 205,535,500
↑ 205,535,500 Canara Bank
Certificate of Deposit | -4% ₹1,625 Cr 33,000 Union Bank Of India
Certificate of Deposit | -2% ₹989 Cr 20,000 National Bank For Agriculture And Rural Development
Commercial Paper | -2% ₹985 Cr 20,000 Punjab National Bank
Certificate of Deposit | -2% ₹985 Cr 20,000 Bank Of Baroda
Certificate of Deposit | -2% ₹985 Cr 20,000 Bank of Baroda
Debentures | -2% ₹984 Cr 20,000 Eris Lifesciences Ltd
Commercial Paper | -2% ₹955 Cr 19,500
↑ 19,500 Small Industries Development Bank of India
Commercial Paper | -2% ₹836 Cr 16,900 4. LIC MF Liquid Fund
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% . LIC MF Liquid Fund
Growth Launch Date 11 Mar 02 NAV (24 Apr 24) ₹4,351.52 ↑ 0.72 (0.02 %) 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.
Date Value 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 Returns for LIC MF Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 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 6.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Rahul Singh 5 Oct 15 8.49 Yr. Data below for LIC MF Liquid Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 95.27% Debt 4.53% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 68.47% Corporate 23.57% Government 7.76% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen And Toubro Limited
Commercial Paper | -6% ₹749 Cr 15,000
↓ -1,000 Net Receivables / (Payables)
CBLO | -5% -₹682 Cr 91 DTB 02052024
Sovereign Bonds | -4% ₹496 Cr 50,000,000 Canara Bank
Domestic Bonds | -3% ₹442 Cr 9,000
↑ 9,000 91 DTB 23052024
Sovereign Bonds | -3% ₹395 Cr 40,000,000
↑ 40,000,000 Birla Group Holdings Private Limited
Debentures | -3% ₹387 Cr 7,900
↑ 7,900 364 DTB 23052024
Sovereign Bonds | -3% ₹355 Cr 36,000,000
↑ 36,000,000 HDFC Bank Limited
Certificate of Deposit | -3% ₹344 Cr 7,000
↑ 7,000 Small Industries Development Bank Of India
Certificate of Deposit | -2% ₹298 Cr 6,000 India (Republic of)
- | -2% ₹297 Cr 30,000,000 5. Tata Liquid Fund
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% . Tata Liquid Fund
Growth Launch Date 1 Sep 04 NAV (24 Apr 24) ₹3,789.88 ↑ 0.60 (0.02 %) 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.
Date Value 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 Returns for Tata Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 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% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Amit Somani 16 Oct 13 10.46 Yr. Abhishek Sonthalia 6 Feb 20 4.15 Yr. Data below for Tata Liquid Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 99.79% Other 0.21% Debt Sector Allocation
Sector Value Cash Equivalent 73.66% Corporate 17.45% Government 8.68% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 25042024
Sovereign Bonds | -5% ₹1,345 Cr 135,500,000 Indian Bank
Domestic Bonds | -4% ₹1,233 Cr 25,000 India (Republic of)
- | -4% ₹1,209 Cr 121,607,800 Small Industries Development Bank Of India
Commercial Paper | -3% ₹985 Cr 20,000 National Bank for Agriculture and Rural Development
Commercial Paper | -3% ₹983 Cr 20,000
↑ 20,000 Canara Bank
Domestic Bonds | -3% ₹982 Cr 20,000
↑ 20,000 08.35 SBI RT SB 2024
Domestic Bonds | -3% ₹950 Cr 95,000,000
↑ 40,000,000 Canara Bank
Certificate of Deposit | -3% ₹848 Cr 17,000 PNB Housing Finance Ltd.
Commercial Paper | -3% ₹786 Cr 16,000
↑ 16,000 Union Bank Of India
Certificate of Deposit | -3% ₹774 Cr 15,500
↑ 4,000
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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