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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 ₹2,855.64
↑ 0.53 ₹1,790 1,000 1.8 3.6 7.4 6.2 5.2 7 LIC MF Liquid Fund Growth ₹4,487.43
↑ 0.83 ₹11,403 1,000 1.8 3.6 7.4 6 5.2 7 ICICI Prudential Liquid Fund Growth ₹367.321
↑ 0.07 ₹50,597 99 1.8 3.6 7.4 6.1 5.2 7 Mirae Asset Cash Management Fund Growth ₹2,601.74
↑ 0.48 ₹11,524 1,000 1.8 3.6 7.4 6.1 5.2 7 Indiabulls Liquid Fund Growth ₹2,398.36
↑ 0.45 ₹201 500 1.8 3.6 7.4 5.9 5 6.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Oct 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 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 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 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 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 Below is the key information for Indiabulls 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 (02 Oct 24) ₹2,855.64 ↑ 0.53 (0.02 %) Net Assets (Cr) ₹1,790 on 31 Aug 24 Category Debt - Liquid Fund AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Low Expense Ratio 0.1 Sharpe Ratio 3.58 Information Ratio -1.91 Alpha Ratio -0.07 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.11% Effective Maturity 1 Month 20 Days Modified Duration 1 Month 20 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,465 30 Sep 21 ₹10,795 30 Sep 22 ₹11,243 30 Sep 23 ₹12,020 30 Sep 24 ₹12,914 Returns for BOI AXA Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6.2% 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 3.04 Yr. Data below for BOI AXA Liquid Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 99.8% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 65.8% Corporate 29.77% Government 4.23% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya Birla Housing Finance Limited
Commercial Paper | -4% ₹75 Cr 7,500,000 91 DTB 18102024
Sovereign Bonds | -4% ₹74 Cr 7,500,000 Axis Bank Limited
Certificate of Deposit | -4% ₹74 Cr 7,500,000
↑ 7,500,000 Bank Of Baroda
Certificate of Deposit | -4% ₹64 Cr 6,500,000 91 DTB 07112024
Sovereign Bonds | -3% ₹53 Cr 5,398,100 HDFC Securities Limited
Commercial Paper | -3% ₹50 Cr 5,000,000 Canara Bank
Certificate of Deposit | -3% ₹50 Cr 5,000,000 NTPC Ltd.
Commercial Paper | -3% ₹50 Cr 5,000,000 Reliance Industries Limited
Commercial Paper | -3% ₹50 Cr 5,000,000 Axis Securities Limited
Commercial Paper | -3% ₹49 Cr 5,000,000 2. 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 (02 Oct 24) ₹4,487.43 ↑ 0.83 (0.02 %) Net Assets (Cr) ₹11,403 on 31 Aug 24 Category Debt - Liquid Fund AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆☆☆ Risk Low Expense Ratio 0.24 Sharpe Ratio 2.5 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.09% Effective Maturity 1 Month 8 Days Modified Duration 1 Month 8 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,488 30 Sep 21 ₹10,823 30 Sep 22 ₹11,251 30 Sep 23 ₹12,014 30 Sep 24 ₹12,903 Returns for LIC MF Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6% 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 8.91 Yr. Data below for LIC MF Liquid Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 99.77% Other 0.23% Debt Sector Allocation
Sector Value Cash Equivalent 64.27% Corporate 24.61% Government 10.89% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank Of Baroda
Certificate of Deposit | -4% ₹473 Cr 9,500 National Bank For Agriculture And Rural Development
Commercial Paper | -4% ₹399 Cr 8,000 91 DTB 31102024
Sovereign Bonds | -3% ₹396 Cr 40,000,000 India (Republic of)
- | -3% ₹350 Cr 35,000,000 HDFC Bank Limited
Certificate of Deposit | -3% ₹349 Cr 7,000 Canara Bank
Certificate of Deposit | -3% ₹299 Cr 6,000 India (Republic of)
- | -3% ₹299 Cr 30,000,000 HDFC Bank Limited
Certificate of Deposit | -3% ₹299 Cr 6,000 India (Republic of)
- | -3% ₹298 Cr 30,000,000 91 DTB 07112024
Sovereign Bonds | -3% ₹296 Cr 30,000,000 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 (02 Oct 24) ₹367.321 ↑ 0.07 (0.02 %) Net Assets (Cr) ₹50,597 on 31 Aug 24 Category Debt - Liquid Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Low Expense Ratio 0.29 Sharpe Ratio 2.36 Information Ratio -3.21 Alpha Ratio -0.19 Min Investment 500 Min SIP Investment 99 Exit Load NIL Yield to Maturity 7.18% Effective Maturity 1 Month 12 Days Modified Duration 1 Month 8 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,487 30 Sep 21 ₹10,818 30 Sep 22 ₹11,250 30 Sep 23 ₹12,017 30 Sep 24 ₹12,902 Returns for ICICI Prudential Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6.1% 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 Nikhil Kabra 1 Dec 23 0.75 Yr. Darshil Dedhia 12 Jun 23 1.22 Yr. Data below for ICICI Prudential Liquid Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 99.79% Other 0.21% Debt Sector Allocation
Sector Value Cash Equivalent 70.44% Corporate 20.82% Government 8.53% Credit Quality
Rating Value AA 1.12% AAA 98.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹1,593 Cr 160,000,000 Reliance Retail Ventures Limited
Commercial Paper | -3% ₹1,479 Cr 30,000 HDFC Bank Limited
Certificate of Deposit | -3% ₹1,394 Cr 28,000 91 DTB 10102024
Sovereign Bonds | -2% ₹1,257 Cr 126,580,000 6.18% Govt Stock 2024
Sovereign Bonds | -2% ₹1,249 Cr 125,000,000
↑ 25,000,000 Bank Of India
Certificate of Deposit | -2% ₹1,230 Cr 25,000
↑ 25,000 91 DTB 24102024
Sovereign Bonds | -2% ₹1,094 Cr 110,483,500 Treps
CBLO/Reverse Repo | -2% ₹1,042 Cr Small Industries Development Bank Of India
Commercial Paper | -2% ₹998 Cr 20,000 IDBI Bank Limited
Certificate of Deposit | -2% ₹996 Cr 20,000 4. Mirae Asset Cash Management Fund
CAGR/Annualized return of 6.3% 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 (02 Oct 24) ₹2,601.74 ↑ 0.48 (0.02 %) Net Assets (Cr) ₹11,524 on 15 Sep 24 Category Debt - Liquid Fund AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆ Risk Low Expense Ratio 0.15 Sharpe Ratio 2.68 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.12% Effective Maturity 1 Month 20 Days Modified Duration 1 Month 20 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,475 30 Sep 21 ₹10,816 30 Sep 22 ₹11,254 30 Sep 23 ₹12,026 30 Sep 24 ₹12,911 Returns for Mirae Asset Cash Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6.1% 5 Year 5.2% 10 Year 15 Year Since launch 6.3% 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 3.68 Yr. Data below for Mirae Asset Cash Management Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 99.79% Other 0.21% Debt Sector Allocation
Sector Value Cash Equivalent 65.26% Corporate 27.73% Government 6.8% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹388 Cr 39,000,000 91 DTB 05092024
Sovereign Bonds | -2% ₹300 Cr 30,000,000 Punjab National Bank
Certificate of Deposit | -2% ₹249 Cr 25,000,000 91 DTB 24102024
Sovereign Bonds | -2% ₹248 Cr 25,000,000 364 DTB 21112024
Sovereign Bonds | -2% ₹222 Cr 22,500,000
↑ 22,500,000 India (Republic of)
- | -2% ₹199 Cr 20,000,000
↑ 7,500,000 Reliance Industries Limited
Commercial Paper | -2% ₹199 Cr 20,000,000 Indian Oil Corporation Limited
Commercial Paper | -2% ₹199 Cr 20,000,000 91 DTB 18102024
Sovereign Bonds | -2% ₹198 Cr 20,000,000 Punjab National Bank
Certificate of Deposit | -2% ₹197 Cr 20,000,000 5. Indiabulls Liquid Fund
CAGR/Annualized return of 7% since its launch. Ranked 2 in Liquid Fund category. Return for 2023 was 6.8% , 2022 was 4.6% and 2021 was 3.1% . Indiabulls Liquid Fund
Growth Launch Date 27 Oct 11 NAV (02 Oct 24) ₹2,398.36 ↑ 0.45 (0.02 %) Net Assets (Cr) ₹201 on 15 Sep 24 Category Debt - Liquid Fund AMC Indiabulls Asset Management Company Ltd. Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio 2.2 Information Ratio -4.5 Alpha Ratio -0.18 Min Investment 500 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.03% Effective Maturity 1 Month 5 Days Modified Duration 1 Month 5 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,449 30 Sep 21 ₹10,772 30 Sep 22 ₹11,181 30 Sep 23 ₹11,915 30 Sep 24 ₹12,791 Returns for Indiabulls Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 5.9% 5 Year 5% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 9.1% Fund Manager information for Indiabulls Liquid Fund
Name Since Tenure Kaustubh Sule 11 May 23 1.31 Yr. Data below for Indiabulls Liquid Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 99.74% Other 0.26% Debt Sector Allocation
Sector Value Cash Equivalent 63.96% Corporate 34.36% Government 1.42% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Commercial Paper | -10% ₹20 Cr 2,000,000 NTPC Ltd.
Commercial Paper | -10% ₹20 Cr 2,000,000 HDFC Bank Limited
Certificate of Deposit | -8% ₹15 Cr 1,500,000 Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Certificate of Deposit | -8% ₹15 Cr 1,500,000 Canara Bank
Certificate of Deposit | -8% ₹15 Cr 1,500,000
↓ -500,000 91 DTB 10102024
Sovereign Bonds | -8% ₹15 Cr 1,500,000 Bank Of Baroda
Certificate of Deposit | -7% ₹15 Cr 1,500,000
↑ 1,500,000 Aditya Birla Finance Limited
Commercial Paper | -7% ₹13 Cr 1,360,000 91 DTB 18102024
Sovereign Bonds | -5% ₹10 Cr 1,000,000 ICICI Securities Limited
Commercial Paper | -5% ₹10 Cr 1,000,000
↑ 1,000,000
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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