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5 Best Performing Liquid Funds for SIP 2023
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 23 - 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) BOI AXA Liquid Fund Growth ₹2,564.42
↑ 0.49 ₹403 1,000 1.6 3.3 5.7 4.3 5.2 4.9 Baroda Pioneer Liquid Fund Growth ₹2,567.02
↑ 0.50 ₹6,686 500 1.7 3.3 5.7 4.3 5.3 4.9 IDBI Liquid Fund Growth ₹2,397.98
↑ 0.46 ₹763 500 1.6 3.2 5.6 4.4 5.3 4.9 Mirae Asset Cash Management Fund Growth ₹2,338.58
↑ 0.88 ₹5,983 1,000 1.6 3.2 5.6 4.3 5.2 4.8 Principal Cash Management Fund Growth ₹1,968.47
↑ 0.27 ₹4,170 2,000 1.6 3.2 5.6 4.1 3.2 4.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Mar 23
*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 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 Below is the key information for Baroda Pioneer Liquid Fund Returns up to 1 year are on The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized. IDBI Liquid Fund is a Debt - Liquid Fund fund was launched on 9 Jul 10. It is a fund with Low risk and has given a Below is the key information for IDBI 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 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 Below is the key information for Principal Cash Management Fund Returns up to 1 year are on 1. BOI AXA Liquid Fund
CAGR/Annualized return of 6.6% since its launch. Ranked 34 in Liquid Fund category. Return for 2022 was 4.9% , 2021 was 3.3% and 2020 was 4.1% . BOI AXA Liquid Fund
Growth Launch Date 16 Jul 08 NAV (26 Mar 23) ₹2,564.42 ↑ 0.49 (0.02 %) Net Assets (Cr) ₹403 on 28 Feb 23 Category Debt - Liquid Fund AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Low Expense Ratio 0.22 Sharpe Ratio -0.55 Information Ratio -3.73 Alpha Ratio -0.13 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.44% Effective Maturity 29 Days Modified Duration 29 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,751 29 Feb 20 ₹11,404 28 Feb 21 ₹11,836 28 Feb 22 ₹12,232 28 Feb 23 ₹12,891 Returns for BOI AXA Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.3% 1 Year 5.7% 3 Year 4.3% 5 Year 5.2% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 9.3% Fund Manager information for BOI AXA Liquid Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 1.46 Yr. Data below for BOI AXA Liquid Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 94.66% Debt 5.34% Debt Sector Allocation
Sector Value Cash Equivalent 59.53% Corporate 20.49% Government 14.65% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Repo
CBLO/Reverse Repo | -20% ₹94 Cr HDFC Bank Limited
Certificate of Deposit | -10% ₹45 Cr 4,500,000 Small Industries Development Bank Of India
Commercial Paper | -5% ₹25 Cr 2,500,000 Canara Bank
Certificate of Deposit | -5% ₹25 Cr 2,500,000 Axis Bank Limited
Certificate of Deposit | -5% ₹25 Cr 2,500,000
↑ 2,500,000 Godrej Industries Limited
Commercial Paper | -5% ₹25 Cr 2,500,000
↑ 2,500,000 Tata Capital Financial Services Limited
Commercial Paper | -5% ₹25 Cr 2,500,000 Housing Development Finance Corporation Limited
Commercial Paper | -5% ₹25 Cr 2,500,000 Export-Import Bank Of India
Certificate of Deposit | -5% ₹25 Cr 2,500,000
↑ 2,500,000 91 DTB 28042023
Sovereign Bonds | -5% ₹25 Cr 2,500,000 2. Baroda Pioneer Liquid Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 22 in Liquid Fund category. Return for 2022 was 4.9% , 2021 was 3.3% and 2020 was 4.1% . Baroda Pioneer Liquid Fund
Growth Launch Date 5 Feb 09 NAV (26 Mar 23) ₹2,567.02 ↑ 0.50 (0.02 %) Net Assets (Cr) ₹6,686 on 28 Feb 23 Category Debt - Liquid Fund AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio -0.73 Information Ratio -2.09 Alpha Ratio -0.14 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.47% Effective Maturity 1 Month 13 Days Modified Duration 1 Month 9 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,756 29 Feb 20 ₹11,433 28 Feb 21 ₹11,864 28 Feb 22 ₹12,267 28 Feb 23 ₹12,927 Returns for Baroda Pioneer Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.3% 1 Year 5.7% 3 Year 4.3% 5 Year 5.3% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.9% 2021 3.3% 2020 4.1% 2019 6.6% 2018 7.5% 2017 6.7% 2016 7.8% 2015 8.4% 2014 9.1% 2013 9.2% Fund Manager information for Baroda Pioneer Liquid Fund
Name Since Tenure Mayank Prakash 21 Oct 22 0.28 Yr. Vikram Pamnani 14 Mar 22 0.89 Yr. Data below for Baroda Pioneer Liquid Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 100% Debt Sector Allocation
Sector Value Cash Equivalent 76.06% Corporate 16.87% Government 7.07% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps 16-Feb-2023
CBLO/Reverse Repo | -33% ₹2,647 Cr Net Receivable / Payable
CBLO | -5% -₹399 Cr Indian Railway Finance Corporation Limited
Debentures | -4% ₹348 Cr 3,500
↑ 3,500 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹247 Cr 5,000 Axis Bank Limited
Certificate of Deposit | -3% ₹247 Cr 5,000 LIC Housing Finance Limited
Commercial Paper | -3% ₹246 Cr 5,000 Tata Capital Financial Services Limited
Commercial Paper | -3% ₹246 Cr 5,000
↑ 5,000 Reliance Jio Infocomm Ltd.
Commercial Paper | -3% ₹246 Cr 5,000
↑ 5,000 Reliance Retail Ventures Limited
Commercial Paper | -3% ₹245 Cr 5,000
↑ 5,000 Canara Bank
Certificate of Deposit | -3% ₹227 Cr 4,600
↑ 4,600 3. IDBI Liquid Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 37 in Liquid Fund category. Return for 2022 was 4.9% , 2021 was 3.4% and 2020 was 4.5% . IDBI Liquid Fund
Growth Launch Date 9 Jul 10 NAV (25 Mar 23) ₹2,397.98 ↑ 0.46 (0.02 %) Net Assets (Cr) ₹763 on 28 Feb 23 Category Debt - Liquid Fund AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.17 Sharpe Ratio -0.94 Information Ratio -1.84 Alpha Ratio -0.2 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.02% Effective Maturity 1 Month 14 Days Modified Duration 1 Month 14 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,753 29 Feb 20 ₹11,435 28 Feb 21 ₹11,911 28 Feb 22 ₹12,322 28 Feb 23 ₹12,980 Returns for IDBI Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.2% 1 Year 5.6% 3 Year 4.4% 5 Year 5.3% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.9% 2021 3.4% 2020 4.5% 2019 6.6% 2018 7.5% 2017 6.6% 2016 7.5% 2015 8.3% 2014 9% 2013 9% Fund Manager information for IDBI Liquid Fund
Name Since Tenure Raju Sharma 3 May 17 5.75 Yr. Data below for IDBI Liquid Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 100% Debt Sector Allocation
Sector Value Cash Equivalent 36.11% Corporate 28.1% Government 18.32% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -17% ₹123 Cr 12,500,000
↑ 12,500,000 Treps
CBLO/Reverse Repo | -11% ₹75 Cr State Bank Of India
Certificate of Deposit | -7% ₹50 Cr 5,000,000 Bank Of Baroda
Certificate of Deposit | -7% ₹49 Cr 5,000,000
↑ 5,000,000 HDFC Bank Limited
Certificate of Deposit | -7% ₹49 Cr 5,000,000
↑ 5,000,000 91 DTB 13042023
Sovereign Bonds | -6% ₹45 Cr 4,500,000 Punjab National Bank
Certificate of Deposit | -6% ₹40 Cr 4,000,000 Kec International Limited
Commercial Paper | -6% ₹40 Cr 4,000,000 Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Certificate of Deposit | -6% ₹40 Cr 4,000,000 Small Industries Development Bank Of India
Commercial Paper | -6% ₹40 Cr 4,000,000 4. Mirae Asset Cash Management Fund
CAGR/Annualized return of 6.2% since its launch. Ranked 48 in Liquid Fund category. Return for 2022 was 4.8% , 2021 was 3.3% and 2020 was 4.2% . Mirae Asset Cash Management Fund
Growth Launch Date 12 Jan 09 NAV (26 Mar 23) ₹2,338.58 ↑ 0.88 (0.04 %) Net Assets (Cr) ₹5,983 on 28 Feb 23 Category Debt - Liquid Fund AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆ Risk Low Expense Ratio 0.2 Sharpe Ratio -1.43 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.19% Effective Maturity 1 Month 3 Days Modified Duration 1 Month 2 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,744 29 Feb 20 ₹11,414 28 Feb 21 ₹11,854 28 Feb 22 ₹12,252 28 Feb 23 ₹12,903 Returns for Mirae Asset Cash Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.2% 1 Year 5.6% 3 Year 4.3% 5 Year 5.2% 10 Year 15 Year Since launch 6.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 8.2% Fund Manager information for Mirae Asset Cash Management Fund
Name Since Tenure Abhishek Iyer 28 Dec 20 2.1 Yr. Data below for Mirae Asset Cash Management Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 99.17% Debt 0.83% Debt Sector Allocation
Sector Value Cash Equivalent 76.58% Corporate 13.38% Government 10.04% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -12% ₹693 Cr Small Industries Development Bank Of India
Commercial Paper | -3% ₹199 Cr 20,000,000 Canara Bank
Certificate of Deposit | -3% ₹150 Cr 15,000,000 182 DTB 28042023
Sovereign Bonds | -2% ₹148 Cr 15,000,000
↑ 15,000,000 91 DTB 04052023
Sovereign Bonds | -2% ₹148 Cr 15,000,000
↑ 15,000,000 Net Receivables / (Payables)
CBLO | -2% -₹122 Cr Redington Limited
Commercial Paper | -2% ₹105 Cr 10,500,000 91 DTB 16022023
Sovereign Bonds | -2% ₹100 Cr 10,000,000 Indian Railway Finance Corporation Limited
Debentures | -2% ₹99 Cr 10,000,000
↑ 10,000,000 Hero Fincorp Limited
Commercial Paper | -2% ₹99 Cr 10,000,000 5. Principal Cash Management Fund
CAGR/Annualized return of 6.4% since its launch. Ranked 5 in Liquid Fund category. Return for 2022 was 4.8% , 2021 was 3.2% and 2020 was 3.8% . Principal Cash Management Fund
Growth Launch Date 30 Aug 04 NAV (24 Mar 23) ₹1,968.47 ↑ 0.27 (0.01 %) Net Assets (Cr) ₹4,170 on 28 Feb 23 Category Debt - Liquid Fund AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.2 Sharpe Ratio -1.4 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 7.03% Effective Maturity 21 Days Modified Duration 23 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,819 29 Feb 20 ₹10,398 28 Feb 21 ₹10,754 28 Feb 22 ₹11,104 28 Feb 23 ₹11,694 Returns for Principal Cash Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.2% 1 Year 5.6% 3 Year 4.1% 5 Year 3.2% 10 Year 15 Year Since launch 6.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 2021 3.2% 2020 3.8% 2019 6.2% 2018 -1.8% 2017 6.8% 2016 7.7% 2015 8.4% 2014 9.1% 2013 9.2% Fund Manager information for Principal Cash Management Fund
Name Since Tenure Dwijendra Srivastava 1 Jan 22 1.08 Yr. Sandeep Agarwal 16 May 22 0.71 Yr. Data below for Principal Cash Management Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 98.05% Debt 1.95% Debt Sector Allocation
Sector Value Cash Equivalent 70.22% Corporate 19.24% Government 10.54% Credit Quality
Rating Value AA 1.71% AAA 98.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -27% ₹1,013 Cr Axis Bank Limited
Certificate of Deposit | -4% ₹150 Cr 3,000 Dbs Bank India Limited
Certificate of Deposit | -4% ₹139 Cr 2,800 Small Industries Development Bank Of India
Commercial Paper | -3% ₹100 Cr 2,000 Birla Group Holdings Private Limited
Commercial Paper | -3% ₹100 Cr 2,000 Julius Baer Capital (India) Private Limited
Commercial Paper | -3% ₹100 Cr 2,000 ICICI Home Finance Company Limited
Commercial Paper | -3% ₹100 Cr 2,000 Redington Limited
Commercial Paper | -3% ₹100 Cr 2,000 Reliance Jio Infocomm Limited
Commercial Paper | -3% ₹99 Cr 2,000 91 DTB 13042023
Sovereign Bonds | -3% ₹99 Cr 10,000,000
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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