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مائع میوچل فنڈز: کیسے چنیں؟

Updated on September 2, 2025 , 2896 views

مائعباہمی چندہ بنیادی طور پر ہیںکرنسی مارکیٹ (قرض) فنڈز جو چھوٹی مدت کی رقم میں سرمایہ کاری کرتے ہیں۔مارکیٹ آلات بشمول ٹریژری بلز، ٹرم ڈپازٹس، ڈپازٹس کا سرٹیفکیٹ، تجارتی کاغذات وغیرہ۔ عام طور پر مائع میوچل فنڈز آپ کے پیسے کو چھوٹی مدت کے لیے سرمایہ کاری کرنے کے اختیارات ہیں۔ وہ سیکیورٹیز جو اس کا حصہ ہیں۔مائع فنڈز 91 دن سے کم کی پختگی ہے۔ مائع فنڈز میں کوئی لاک ان پیریڈ نہیں ہوتا ہے لہذا سرمایہ کاری کی گئی اثاثے زیادہ دیر تک پابند نہیں ہوتے، اس طرح آپ کی رقم دستیاب رہتی ہے۔ مائع فنڈ کی واپسی غیر مستحکم ہوتی ہے کیونکہ وہ مالیاتی مارکیٹ میں فنڈ کی کارکردگی پر منحصر ہوتے ہیں۔ کا انتخاب کرنابہترین مائع فنڈ ایک مشکل کام ہے، تاہم، ان کا فیصلہ کرنے کے لیے کوئی مخصوص پیرامیٹرز استعمال کر سکتا ہے۔

بنیادی پیرامیٹرز جو مائع میوچل فنڈز کو منتخب کرنے کے لیے استعمال کیے جاسکتے ہیں درج ذیل ہیں:

  • واپسی یا ماضی کا ٹریک ریکارڈ
  • پورٹ فولیو اور میچورٹی پروفائل
  • لیکویڈیٹی اور فنڈ کا سائز
  • درجہ بندی ایجنسی کے ذریعہ کارکردگی کی درجہ بندی

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1. مائع فنڈ ریٹرن

مختلف مائع فنڈز پر منافع کو دیکھنا:

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2024 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
BOI AXA Liquid Fund Growth ₹3,037.93
↑ 0.47
₹2,0020.51.53.377.45.64%1M 17D1M 17D
Axis Liquid Fund Growth ₹2,937.11
↑ 0.45
₹36,7570.51.53.377.45.85%1M 12D1M 15D
Indiabulls Liquid Fund Growth ₹2,551.1
↑ 0.41
₹3930.51.53.377.45.77%1M 10D1M 11D
PGIM India Insta Cash Fund Growth ₹343.389
↑ 0.05
₹5130.51.53.36.97.35.81%1M 15D1M 17D
Canara Robeco Liquid Growth ₹3,174.89
↑ 0.49
₹6,5770.51.43.36.97.45.76%1M 5D1M 7D
DSP Liquidity Fund Growth ₹3,765.86
↑ 0.57
₹22,2450.51.53.36.97.45.83%1M 13D1M 17D
Invesco India Liquid Fund Growth ₹3,625.49
↑ 0.52
₹14,2400.51.53.36.97.45.78%1M 9D1M 9D
Tata Liquid Fund Growth ₹4,154.49
↑ 0.63
₹22,9510.51.53.36.97.35.88%1M 15D1M 15D
Edelweiss Liquid Fund Growth ₹3,373.2
↑ 0.51
₹8,3230.51.53.36.97.35.76%1M 16D1M 16D
UTI Liquid Cash Plan Growth ₹4,327.35
↑ 0.69
₹29,0130.51.53.36.97.35.86%1M 13D1M 13D
Aditya Birla Sun Life Liquid Fund Growth ₹425.032
↑ 0.06
₹51,9130.51.53.36.97.35.89%1M 13D1M 13D
Mahindra Liquid Fund Growth ₹1,716.45
↑ 0.27
₹1,0110.51.53.36.97.45.94%1M 10D1M 14D
Mirae Asset Cash Management Fund Growth ₹2,765.94
↑ 0.41
₹13,6340.51.53.36.97.35.77%1M 6D1M 7D
Nippon India Liquid Fund  Growth ₹6,437.27
↑ 0.96
₹35,3880.51.53.36.97.35.89%1M 10D1M 13D
Kotak Liquid Fund Growth ₹5,331.52
↑ 0.74
₹38,1760.51.53.36.97.35.93%1M 13D1M 13D
ICICI Prudential Liquid Fund Growth ₹390.465
↑ 0.06
₹51,5930.51.43.36.97.45.86%1M 4D1M 7D
HDFC Liquid Fund Growth ₹5,175.09
↑ 0.84
₹67,3540.51.43.36.97.35.83%1M 14D1M 18D
LIC MF Liquid Fund Growth ₹4,767.75
↑ 0.72
₹11,1990.51.43.36.87.45.85%1M 12D1M 12D
Baroda Pioneer Liquid Fund Growth ₹3,032.19
↑ 0.45
₹11,8360.51.43.26.87.35.84%1M 9D1M 9D
Bandhan Cash Fund Growth ₹3,185.58
↑ 0.44
₹14,3910.51.43.26.87.35.75%1M 3D1M 3D
SBI Liquid Fund Growth ₹4,122.53
↑ 0.56
₹68,4430.51.43.36.87.35.8%1M 6D1M 10D
JM Liquid Fund Growth ₹71.9614
↑ 0.01
₹3,2250.51.43.26.87.25.77%1M 5D1M 7D
IIFL Liquid Fund Growth ₹2,030.28
↑ 0.30
₹9760.51.43.26.77.25.76%1M 20D
IDBI Liquid Fund Growth ₹2,454.04
↑ 0.35
₹5030.51.73.46.6 6.66%1M 7D1M 10D
Sundaram Money Fund Growth ₹44.1929
↑ 0.00
₹3,1440.30.81.73.3 3.5%1M 2D1M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Sep 25

Research Highlights & Commentary of 25 Funds showcased

CommentaryBOI AXA Liquid FundAxis Liquid FundIndiabulls Liquid Fund PGIM India Insta Cash FundCanara Robeco LiquidDSP Liquidity FundInvesco India Liquid FundTata Liquid FundEdelweiss Liquid FundUTI Liquid Cash PlanAditya Birla Sun Life Liquid FundMahindra Liquid FundMirae Asset Cash Management FundNippon India Liquid Fund Kotak Liquid FundICICI Prudential Liquid FundHDFC Liquid Fund LIC MF Liquid FundBaroda Pioneer Liquid FundBandhan Cash FundSBI Liquid FundJM Liquid FundIIFL Liquid FundIDBI Liquid FundSundaram Money Fund
Point 1Bottom quartile AUM (₹2,002 Cr).Top quartile AUM (₹36,757 Cr).Bottom quartile AUM (₹393 Cr).Bottom quartile AUM (₹513 Cr).Lower mid AUM (₹6,577 Cr).Upper mid AUM (₹22,245 Cr).Upper mid AUM (₹14,240 Cr).Upper mid AUM (₹22,951 Cr).Lower mid AUM (₹8,323 Cr).Upper mid AUM (₹29,013 Cr).Top quartile AUM (₹51,913 Cr).Bottom quartile AUM (₹1,011 Cr).Lower mid AUM (₹13,634 Cr).Upper mid AUM (₹35,388 Cr).Top quartile AUM (₹38,176 Cr).Top quartile AUM (₹51,593 Cr).Top quartile AUM (₹67,354 Cr).Lower mid AUM (₹11,199 Cr).Lower mid AUM (₹11,836 Cr).Upper mid AUM (₹14,391 Cr).Highest AUM (₹68,443 Cr).Lower mid AUM (₹3,225 Cr).Bottom quartile AUM (₹976 Cr).Bottom quartile AUM (₹503 Cr).Bottom quartile AUM (₹3,144 Cr).
Point 2Established history (17+ yrs).Established history (15+ yrs).Established history (13+ yrs).Established history (18+ yrs).Established history (17+ yrs).Established history (19+ yrs).Established history (18+ yrs).Established history (21+ yrs).Established history (17+ yrs).Established history (21+ yrs).Established history (21+ yrs).Established history (9+ yrs).Established history (16+ yrs).Established history (21+ yrs).Established history (21+ yrs).Established history (19+ yrs).Established history (24+ yrs).Established history (23+ yrs).Established history (16+ yrs).Established history (17+ yrs).Established history (18+ yrs).Oldest track record among peers (27 yrs).Established history (11+ yrs).Established history (15+ yrs).Established history (19+ yrs).
Point 3Rating: 3★ (upper mid).Rating: 4★ (upper mid).Rating: 5★ (top quartile).Top rated.Rating: 3★ (lower mid).Rating: 3★ (bottom quartile).Rating: 4★ (upper mid).Rating: 4★ (top quartile).Rating: 2★ (bottom quartile).Rating: 3★ (lower mid).Rating: 4★ (top quartile).Not Rated.Rating: 2★ (bottom quartile).Rating: 4★ (upper mid).Rating: 3★ (lower mid).Rating: 4★ (upper mid).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 4★ (top quartile).Rating: 3★ (bottom quartile).Rating: 3★ (bottom quartile).Rating: 5★ (top quartile).Not Rated.Rating: 3★ (lower mid).Rating: 3★ (upper mid).
Point 4Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.
Point 51Y return: 6.98% (top quartile).1Y return: 6.96% (top quartile).1Y return: 6.96% (top quartile).1Y return: 6.93% (top quartile).1Y return: 6.93% (top quartile).1Y return: 6.93% (top quartile).1Y return: 6.93% (upper mid).1Y return: 6.92% (upper mid).1Y return: 6.92% (upper mid).1Y return: 6.92% (upper mid).1Y return: 6.91% (upper mid).1Y return: 6.90% (upper mid).1Y return: 6.90% (lower mid).1Y return: 6.89% (lower mid).1Y return: 6.89% (lower mid).1Y return: 6.89% (lower mid).1Y return: 6.88% (lower mid).1Y return: 6.84% (lower mid).1Y return: 6.82% (bottom quartile).1Y return: 6.82% (bottom quartile).1Y return: 6.81% (bottom quartile).1Y return: 6.81% (bottom quartile).1Y return: 6.72% (bottom quartile).1Y return: 6.55% (bottom quartile).1Y return: 3.29% (bottom quartile).
Point 61M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.47% (upper mid).1M return: 0.47% (lower mid).1M return: 0.46% (lower mid).1M return: 0.47% (lower mid).1M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.47% (top quartile).1M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.46% (lower mid).1M return: 0.47% (upper mid).1M return: 0.46% (lower mid).1M return: 0.46% (lower mid).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.53% (top quartile).1M return: 0.29% (bottom quartile).
Point 7Sharpe: 4.36 (top quartile).Sharpe: 3.64 (top quartile).Sharpe: 3.05 (lower mid).Sharpe: 3.30 (upper mid).Sharpe: 3.31 (upper mid).Sharpe: 4.00 (top quartile).Sharpe: 3.63 (top quartile).Sharpe: 3.33 (upper mid).Sharpe: 3.64 (top quartile).Sharpe: 3.22 (upper mid).Sharpe: 3.23 (upper mid).Sharpe: 3.93 (top quartile).Sharpe: 3.62 (upper mid).Sharpe: 3.10 (lower mid).Sharpe: 2.93 (bottom quartile).Sharpe: 3.19 (lower mid).Sharpe: 2.94 (lower mid).Sharpe: 3.14 (lower mid).Sharpe: 2.93 (bottom quartile).Sharpe: 3.01 (lower mid).Sharpe: 2.63 (bottom quartile).Sharpe: 2.80 (bottom quartile).Sharpe: 2.19 (bottom quartile).Sharpe: 0.20 (bottom quartile).Sharpe: -3.87 (bottom quartile).
Point 8Information ratio: 0.52 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -1.37 (bottom quartile).Information ratio: -0.82 (lower mid).Information ratio: -0.08 (lower mid).Information ratio: 0.00 (top quartile).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (lower mid).Information ratio: 0.00 (lower mid).Information ratio: 0.00 (lower mid).Information ratio: -0.86 (bottom quartile).Information ratio: -1.03 (bottom quartile).Information ratio: 0.00 (top quartile).Information ratio: -1.27 (bottom quartile).Information ratio: 0.00 (top quartile).Information ratio: 0.00 (top quartile).Information ratio: -2.27 (bottom quartile).Information ratio: -3.05 (bottom quartile).Information ratio: -5.96 (bottom quartile).Information ratio: 0.00 (top quartile).
Point 9Yield to maturity (debt): 5.64% (bottom quartile).Yield to maturity (debt): 5.85% (upper mid).Yield to maturity (debt): 5.77% (lower mid).Yield to maturity (debt): 5.81% (lower mid).Yield to maturity (debt): 5.76% (bottom quartile).Yield to maturity (debt): 5.83% (upper mid).Yield to maturity (debt): 5.78% (lower mid).Yield to maturity (debt): 5.88% (top quartile).Yield to maturity (debt): 5.76% (bottom quartile).Yield to maturity (debt): 5.86% (upper mid).Yield to maturity (debt): 5.89% (top quartile).Yield to maturity (debt): 5.94% (top quartile).Yield to maturity (debt): 5.77% (bottom quartile).Yield to maturity (debt): 5.89% (top quartile).Yield to maturity (debt): 5.93% (top quartile).Yield to maturity (debt): 5.86% (upper mid).Yield to maturity (debt): 5.83% (lower mid).Yield to maturity (debt): 5.85% (upper mid).Yield to maturity (debt): 5.84% (upper mid).Yield to maturity (debt): 5.75% (bottom quartile).Yield to maturity (debt): 5.80% (lower mid).Yield to maturity (debt): 5.77% (lower mid).Yield to maturity (debt): 5.76% (bottom quartile).Yield to maturity (debt): 6.66% (top quartile).Yield to maturity (debt): 3.50% (bottom quartile).
Point 10Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.10 yrs (top quartile).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.10 yrs (top quartile).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (top quartile).Modified duration: 0.00 yrs (top quartile).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

  • Bottom quartile AUM (₹2,002 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.98% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 4.36 (top quartile).
  • Information ratio: 0.52 (top quartile).
  • Yield to maturity (debt): 5.64% (bottom quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

Axis Liquid Fund

  • Top quartile AUM (₹36,757 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.96% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.64 (top quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.85% (upper mid).
  • Modified duration: 0.12 yrs (lower mid).

Indiabulls Liquid Fund

  • Bottom quartile AUM (₹393 Cr).
  • Established history (13+ yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.96% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.05 (lower mid).
  • Information ratio: -1.37 (bottom quartile).
  • Yield to maturity (debt): 5.77% (lower mid).
  • Modified duration: 0.11 yrs (lower mid).

PGIM India Insta Cash Fund

  • Bottom quartile AUM (₹513 Cr).
  • Established history (18+ yrs).
  • Top rated.
  • Risk profile: Low.
  • 1Y return: 6.93% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.30 (upper mid).
  • Information ratio: -0.82 (lower mid).
  • Yield to maturity (debt): 5.81% (lower mid).
  • Modified duration: 0.13 yrs (bottom quartile).

Canara Robeco Liquid

  • Lower mid AUM (₹6,577 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.93% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.31 (upper mid).
  • Information ratio: -0.08 (lower mid).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.10 yrs (top quartile).

DSP Liquidity Fund

  • Upper mid AUM (₹22,245 Cr).
  • Established history (19+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.93% (top quartile).
  • 1M return: 0.47% (lower mid).
  • Sharpe: 4.00 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.83% (upper mid).
  • Modified duration: 0.12 yrs (bottom quartile).

Invesco India Liquid Fund

  • Upper mid AUM (₹14,240 Cr).
  • Established history (18+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.93% (upper mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.63 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.78% (lower mid).
  • Modified duration: 0.11 yrs (upper mid).

Tata Liquid Fund

  • Upper mid AUM (₹22,951 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.92% (upper mid).
  • 1M return: 0.47% (lower mid).
  • Sharpe: 3.33 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.88% (top quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

Edelweiss Liquid Fund

  • Lower mid AUM (₹8,323 Cr).
  • Established history (17+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.92% (upper mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.64 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

UTI Liquid Cash Plan

  • Upper mid AUM (₹29,013 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.92% (upper mid).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.22 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.86% (upper mid).
  • Modified duration: 0.12 yrs (bottom quartile).

Aditya Birla Sun Life Liquid Fund

  • Top quartile AUM (₹51,913 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.91% (upper mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.23 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.89% (top quartile).
  • Modified duration: 0.12 yrs (lower mid).

Mahindra Liquid Fund

  • Bottom quartile AUM (₹1,011 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.90% (upper mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.93 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.94% (top quartile).
  • Modified duration: 0.11 yrs (upper mid).

Mirae Asset Cash Management Fund

  • Lower mid AUM (₹13,634 Cr).
  • Established history (16+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.90% (lower mid).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.62 (upper mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.77% (bottom quartile).
  • Modified duration: 0.10 yrs (upper mid).

Nippon India Liquid Fund 

  • Upper mid AUM (₹35,388 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.89% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.10 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.89% (top quartile).
  • Modified duration: 0.11 yrs (lower mid).

Kotak Liquid Fund

  • Top quartile AUM (₹38,176 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.89% (lower mid).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 2.93 (bottom quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.93% (top quartile).
  • Modified duration: 0.12 yrs (lower mid).

ICICI Prudential Liquid Fund

  • Top quartile AUM (₹51,593 Cr).
  • Established history (19+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.89% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.19 (lower mid).
  • Information ratio: -0.86 (bottom quartile).
  • Yield to maturity (debt): 5.86% (upper mid).
  • Modified duration: 0.10 yrs (top quartile).

HDFC Liquid Fund

  • Top quartile AUM (₹67,354 Cr).
  • Established history (24+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.88% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 2.94 (lower mid).
  • Information ratio: -1.03 (bottom quartile).
  • Yield to maturity (debt): 5.83% (lower mid).
  • Modified duration: 0.12 yrs (bottom quartile).

LIC MF Liquid Fund

  • Lower mid AUM (₹11,199 Cr).
  • Established history (23+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.84% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.14 (lower mid).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.85% (upper mid).
  • Modified duration: 0.12 yrs (lower mid).

Baroda Pioneer Liquid Fund

  • Lower mid AUM (₹11,836 Cr).
  • Established history (16+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.93 (bottom quartile).
  • Information ratio: -1.27 (bottom quartile).
  • Yield to maturity (debt): 5.84% (upper mid).
  • Modified duration: 0.11 yrs (upper mid).

Bandhan Cash Fund

  • Upper mid AUM (₹14,391 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.01 (lower mid).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.75% (bottom quartile).
  • Modified duration: 0.09 yrs (top quartile).

SBI Liquid Fund

  • Highest AUM (₹68,443 Cr).
  • Established history (18+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.81% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.63 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.80% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

JM Liquid Fund

  • Lower mid AUM (₹3,225 Cr).
  • Oldest track record among peers (27 yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.81% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.80 (bottom quartile).
  • Information ratio: -2.27 (bottom quartile).
  • Yield to maturity (debt): 5.77% (lower mid).
  • Modified duration: 0.10 yrs (top quartile).

IIFL Liquid Fund

  • Bottom quartile AUM (₹976 Cr).
  • Established history (11+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.72% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.19 (bottom quartile).
  • Information ratio: -3.05 (bottom quartile).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.00 yrs (top quartile).

IDBI Liquid Fund

  • Bottom quartile AUM (₹503 Cr).
  • Established history (15+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.55% (bottom quartile).
  • 1M return: 0.53% (top quartile).
  • Sharpe: 0.20 (bottom quartile).
  • Information ratio: -5.96 (bottom quartile).
  • Yield to maturity (debt): 6.66% (top quartile).
  • Modified duration: 0.10 yrs (upper mid).

Sundaram Money Fund

  • Bottom quartile AUM (₹3,144 Cr).
  • Established history (19+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 3.29% (bottom quartile).
  • 1M return: 0.29% (bottom quartile).
  • Sharpe: -3.87 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 3.50% (bottom quartile).
  • Modified duration: 0.09 yrs (top quartile).
95% فنڈز کا منافع 7.25% سے 7.75% کے درمیان ہے۔ لہذا مائع فنڈ کی واپسی بہت قریب ہے۔رینج اور یہاں تک کہ اگر کوئی "بہترین مائع فنڈ" کا انتخاب نہیں کرتا ہے تو وہ سب سے زیادہ یا اوسط منافع سے زیادہ دور نہیں ہیں۔

2. مائع میوچل فنڈز کا پورٹ فولیو اور میچورٹی پروفائل

مائع میوچل فنڈز کے پورٹ فولیو میں ایسی سیکیورٹیز ہوتی ہیں جن کی بقایا میچورٹی 91 دن سے کم ہوتی ہے۔ اگرچہ کوئی جا کر کریڈٹ کوالٹی کے بارے میں بات کر سکتا ہے (آسان الفاظ میں، پورٹ فولیو میں سیکیورٹیز کتنی اچھی ہیں) اور پورٹ فولیو میں فرق کرنے کی کوشش کر سکتا ہے، تاہم، اصل تجربہ یہ ہے کہ، جب تک کہ پورٹ فولیو میں کچھ بہت ہی خراب معیار کے ساتھ حقیقی مسائل نہ ہوں۔ سیکیورٹیز، مائع فنڈز کا مسئلہ نہیں ہونا چاہیے۔ آج تک اس کا کوئی پتہ نہیں چل سکاطے شدہ مائع فنڈ پورٹ فولیو میں اور کمپنیاں عام طور پر مختصر میچورٹی پیپرز پر ڈیفالٹ نہیں ہوتیں۔ تاہم، فنڈ کے اوپر دیئے گئے پورٹ فولیو کو بتانے سے فنڈ کی پیداوار اور اس کے بعد کی کارکردگی کے بارے میں خیالات سامنے آئیں گے۔ یہ اکثر کہا جاتا ہے کہ "ماضی کی کارکردگی مستقبل کی کارکردگی کا اشارہ نہیں ہے" اور مائع میوچل فنڈز کے لیے، اگر کوئی کچھ تخمینہ لگانے کی کوشش کرتا ہے، تو اسے صرف پورٹ فولیو کو دیکھنا ہے۔ سیکیورٹیز کی قسم (کمرشل پیپرز (سی پیز)، ڈپازٹس کا سرٹیفکیٹ (سی ڈیز) وغیرہ)، کریڈٹ کا معیار اور پیداوار سے اندازہ ہوتا ہے کہ فنڈ کا ریٹرن پروفائل کیا ہوسکتا ہے۔ پورٹ فولیو کا معیار مائع فنڈ کی کارکردگی کا ایک اچھا اشارہ ہے۔ تمام مائع میوچل فنڈز کی میچورٹی عام طور پر دو دن اور 91 دنوں سے بہت کم ہوتی ہے۔ زیادہ تر معاملات میں ایسا ہی ہوتا ہے۔

3. لیکویڈیٹی اور فنڈ کا سائز

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2024 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
BOI AXA Liquid Fund Growth ₹3,037.93
↑ 0.47
₹2,0020.51.53.377.45.64%1M 17D1M 17D
Axis Liquid Fund Growth ₹2,937.11
↑ 0.45
₹36,7570.51.53.377.45.85%1M 12D1M 15D
Indiabulls Liquid Fund Growth ₹2,551.1
↑ 0.41
₹3930.51.53.377.45.77%1M 10D1M 11D
PGIM India Insta Cash Fund Growth ₹343.389
↑ 0.05
₹5130.51.53.36.97.35.81%1M 15D1M 17D
Canara Robeco Liquid Growth ₹3,174.89
↑ 0.49
₹6,5770.51.43.36.97.45.76%1M 5D1M 7D
DSP Liquidity Fund Growth ₹3,765.86
↑ 0.57
₹22,2450.51.53.36.97.45.83%1M 13D1M 17D
Invesco India Liquid Fund Growth ₹3,625.49
↑ 0.52
₹14,2400.51.53.36.97.45.78%1M 9D1M 9D
Tata Liquid Fund Growth ₹4,154.49
↑ 0.63
₹22,9510.51.53.36.97.35.88%1M 15D1M 15D
Edelweiss Liquid Fund Growth ₹3,373.2
↑ 0.51
₹8,3230.51.53.36.97.35.76%1M 16D1M 16D
UTI Liquid Cash Plan Growth ₹4,327.35
↑ 0.69
₹29,0130.51.53.36.97.35.86%1M 13D1M 13D
Aditya Birla Sun Life Liquid Fund Growth ₹425.032
↑ 0.06
₹51,9130.51.53.36.97.35.89%1M 13D1M 13D
Mahindra Liquid Fund Growth ₹1,716.45
↑ 0.27
₹1,0110.51.53.36.97.45.94%1M 10D1M 14D
Mirae Asset Cash Management Fund Growth ₹2,765.94
↑ 0.41
₹13,6340.51.53.36.97.35.77%1M 6D1M 7D
Nippon India Liquid Fund  Growth ₹6,437.27
↑ 0.96
₹35,3880.51.53.36.97.35.89%1M 10D1M 13D
Kotak Liquid Fund Growth ₹5,331.52
↑ 0.74
₹38,1760.51.53.36.97.35.93%1M 13D1M 13D
ICICI Prudential Liquid Fund Growth ₹390.465
↑ 0.06
₹51,5930.51.43.36.97.45.86%1M 4D1M 7D
HDFC Liquid Fund Growth ₹5,175.09
↑ 0.84
₹67,3540.51.43.36.97.35.83%1M 14D1M 18D
LIC MF Liquid Fund Growth ₹4,767.75
↑ 0.72
₹11,1990.51.43.36.87.45.85%1M 12D1M 12D
Baroda Pioneer Liquid Fund Growth ₹3,032.19
↑ 0.45
₹11,8360.51.43.26.87.35.84%1M 9D1M 9D
Bandhan Cash Fund Growth ₹3,185.58
↑ 0.44
₹14,3910.51.43.26.87.35.75%1M 3D1M 3D
SBI Liquid Fund Growth ₹4,122.53
↑ 0.56
₹68,4430.51.43.36.87.35.8%1M 6D1M 10D
JM Liquid Fund Growth ₹71.9614
↑ 0.01
₹3,2250.51.43.26.87.25.77%1M 5D1M 7D
IIFL Liquid Fund Growth ₹2,030.28
↑ 0.30
₹9760.51.43.26.77.25.76%1M 20D
IDBI Liquid Fund Growth ₹2,454.04
↑ 0.35
₹5030.51.73.46.6 6.66%1M 7D1M 10D
Sundaram Money Fund Growth ₹44.1929
↑ 0.00
₹3,1440.30.81.73.3 3.5%1M 2D1M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Sep 25

Research Highlights & Commentary of 25 Funds showcased

CommentaryBOI AXA Liquid FundAxis Liquid FundIndiabulls Liquid Fund PGIM India Insta Cash FundCanara Robeco LiquidDSP Liquidity FundInvesco India Liquid FundTata Liquid FundEdelweiss Liquid FundUTI Liquid Cash PlanAditya Birla Sun Life Liquid FundMahindra Liquid FundMirae Asset Cash Management FundNippon India Liquid Fund Kotak Liquid FundICICI Prudential Liquid FundHDFC Liquid Fund LIC MF Liquid FundBaroda Pioneer Liquid FundBandhan Cash FundSBI Liquid FundJM Liquid FundIIFL Liquid FundIDBI Liquid FundSundaram Money Fund
Point 1Bottom quartile AUM (₹2,002 Cr).Top quartile AUM (₹36,757 Cr).Bottom quartile AUM (₹393 Cr).Bottom quartile AUM (₹513 Cr).Lower mid AUM (₹6,577 Cr).Upper mid AUM (₹22,245 Cr).Upper mid AUM (₹14,240 Cr).Upper mid AUM (₹22,951 Cr).Lower mid AUM (₹8,323 Cr).Upper mid AUM (₹29,013 Cr).Top quartile AUM (₹51,913 Cr).Bottom quartile AUM (₹1,011 Cr).Lower mid AUM (₹13,634 Cr).Upper mid AUM (₹35,388 Cr).Top quartile AUM (₹38,176 Cr).Top quartile AUM (₹51,593 Cr).Top quartile AUM (₹67,354 Cr).Lower mid AUM (₹11,199 Cr).Lower mid AUM (₹11,836 Cr).Upper mid AUM (₹14,391 Cr).Highest AUM (₹68,443 Cr).Lower mid AUM (₹3,225 Cr).Bottom quartile AUM (₹976 Cr).Bottom quartile AUM (₹503 Cr).Bottom quartile AUM (₹3,144 Cr).
Point 2Established history (17+ yrs).Established history (15+ yrs).Established history (13+ yrs).Established history (18+ yrs).Established history (17+ yrs).Established history (19+ yrs).Established history (18+ yrs).Established history (21+ yrs).Established history (17+ yrs).Established history (21+ yrs).Established history (21+ yrs).Established history (9+ yrs).Established history (16+ yrs).Established history (21+ yrs).Established history (21+ yrs).Established history (19+ yrs).Established history (24+ yrs).Established history (23+ yrs).Established history (16+ yrs).Established history (17+ yrs).Established history (18+ yrs).Oldest track record among peers (27 yrs).Established history (11+ yrs).Established history (15+ yrs).Established history (19+ yrs).
Point 3Rating: 3★ (upper mid).Rating: 4★ (upper mid).Rating: 5★ (top quartile).Top rated.Rating: 3★ (lower mid).Rating: 3★ (bottom quartile).Rating: 4★ (upper mid).Rating: 4★ (top quartile).Rating: 2★ (bottom quartile).Rating: 3★ (lower mid).Rating: 4★ (top quartile).Not Rated.Rating: 2★ (bottom quartile).Rating: 4★ (upper mid).Rating: 3★ (lower mid).Rating: 4★ (upper mid).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 4★ (top quartile).Rating: 3★ (bottom quartile).Rating: 3★ (bottom quartile).Rating: 5★ (top quartile).Not Rated.Rating: 3★ (lower mid).Rating: 3★ (upper mid).
Point 4Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.
Point 51Y return: 6.98% (top quartile).1Y return: 6.96% (top quartile).1Y return: 6.96% (top quartile).1Y return: 6.93% (top quartile).1Y return: 6.93% (top quartile).1Y return: 6.93% (top quartile).1Y return: 6.93% (upper mid).1Y return: 6.92% (upper mid).1Y return: 6.92% (upper mid).1Y return: 6.92% (upper mid).1Y return: 6.91% (upper mid).1Y return: 6.90% (upper mid).1Y return: 6.90% (lower mid).1Y return: 6.89% (lower mid).1Y return: 6.89% (lower mid).1Y return: 6.89% (lower mid).1Y return: 6.88% (lower mid).1Y return: 6.84% (lower mid).1Y return: 6.82% (bottom quartile).1Y return: 6.82% (bottom quartile).1Y return: 6.81% (bottom quartile).1Y return: 6.81% (bottom quartile).1Y return: 6.72% (bottom quartile).1Y return: 6.55% (bottom quartile).1Y return: 3.29% (bottom quartile).
Point 61M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.47% (upper mid).1M return: 0.47% (lower mid).1M return: 0.46% (lower mid).1M return: 0.47% (lower mid).1M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.47% (top quartile).1M return: 0.47% (top quartile).1M return: 0.47% (upper mid).1M return: 0.46% (lower mid).1M return: 0.47% (upper mid).1M return: 0.46% (lower mid).1M return: 0.46% (lower mid).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.53% (top quartile).1M return: 0.29% (bottom quartile).
Point 7Sharpe: 4.36 (top quartile).Sharpe: 3.64 (top quartile).Sharpe: 3.05 (lower mid).Sharpe: 3.30 (upper mid).Sharpe: 3.31 (upper mid).Sharpe: 4.00 (top quartile).Sharpe: 3.63 (top quartile).Sharpe: 3.33 (upper mid).Sharpe: 3.64 (top quartile).Sharpe: 3.22 (upper mid).Sharpe: 3.23 (upper mid).Sharpe: 3.93 (top quartile).Sharpe: 3.62 (upper mid).Sharpe: 3.10 (lower mid).Sharpe: 2.93 (bottom quartile).Sharpe: 3.19 (lower mid).Sharpe: 2.94 (lower mid).Sharpe: 3.14 (lower mid).Sharpe: 2.93 (bottom quartile).Sharpe: 3.01 (lower mid).Sharpe: 2.63 (bottom quartile).Sharpe: 2.80 (bottom quartile).Sharpe: 2.19 (bottom quartile).Sharpe: 0.20 (bottom quartile).Sharpe: -3.87 (bottom quartile).
Point 8Information ratio: 0.52 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -1.37 (bottom quartile).Information ratio: -0.82 (lower mid).Information ratio: -0.08 (lower mid).Information ratio: 0.00 (top quartile).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.00 (lower mid).Information ratio: 0.00 (lower mid).Information ratio: 0.00 (lower mid).Information ratio: -0.86 (bottom quartile).Information ratio: -1.03 (bottom quartile).Information ratio: 0.00 (top quartile).Information ratio: -1.27 (bottom quartile).Information ratio: 0.00 (top quartile).Information ratio: 0.00 (top quartile).Information ratio: -2.27 (bottom quartile).Information ratio: -3.05 (bottom quartile).Information ratio: -5.96 (bottom quartile).Information ratio: 0.00 (top quartile).
Point 9Yield to maturity (debt): 5.64% (bottom quartile).Yield to maturity (debt): 5.85% (upper mid).Yield to maturity (debt): 5.77% (lower mid).Yield to maturity (debt): 5.81% (lower mid).Yield to maturity (debt): 5.76% (bottom quartile).Yield to maturity (debt): 5.83% (upper mid).Yield to maturity (debt): 5.78% (lower mid).Yield to maturity (debt): 5.88% (top quartile).Yield to maturity (debt): 5.76% (bottom quartile).Yield to maturity (debt): 5.86% (upper mid).Yield to maturity (debt): 5.89% (top quartile).Yield to maturity (debt): 5.94% (top quartile).Yield to maturity (debt): 5.77% (bottom quartile).Yield to maturity (debt): 5.89% (top quartile).Yield to maturity (debt): 5.93% (top quartile).Yield to maturity (debt): 5.86% (upper mid).Yield to maturity (debt): 5.83% (lower mid).Yield to maturity (debt): 5.85% (upper mid).Yield to maturity (debt): 5.84% (upper mid).Yield to maturity (debt): 5.75% (bottom quartile).Yield to maturity (debt): 5.80% (lower mid).Yield to maturity (debt): 5.77% (lower mid).Yield to maturity (debt): 5.76% (bottom quartile).Yield to maturity (debt): 6.66% (top quartile).Yield to maturity (debt): 3.50% (bottom quartile).
Point 10Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.10 yrs (top quartile).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.10 yrs (top quartile).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (top quartile).Modified duration: 0.00 yrs (top quartile).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

  • Bottom quartile AUM (₹2,002 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.98% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 4.36 (top quartile).
  • Information ratio: 0.52 (top quartile).
  • Yield to maturity (debt): 5.64% (bottom quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

Axis Liquid Fund

  • Top quartile AUM (₹36,757 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.96% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.64 (top quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.85% (upper mid).
  • Modified duration: 0.12 yrs (lower mid).

Indiabulls Liquid Fund

  • Bottom quartile AUM (₹393 Cr).
  • Established history (13+ yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.96% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.05 (lower mid).
  • Information ratio: -1.37 (bottom quartile).
  • Yield to maturity (debt): 5.77% (lower mid).
  • Modified duration: 0.11 yrs (lower mid).

PGIM India Insta Cash Fund

  • Bottom quartile AUM (₹513 Cr).
  • Established history (18+ yrs).
  • Top rated.
  • Risk profile: Low.
  • 1Y return: 6.93% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.30 (upper mid).
  • Information ratio: -0.82 (lower mid).
  • Yield to maturity (debt): 5.81% (lower mid).
  • Modified duration: 0.13 yrs (bottom quartile).

Canara Robeco Liquid

  • Lower mid AUM (₹6,577 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.93% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.31 (upper mid).
  • Information ratio: -0.08 (lower mid).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.10 yrs (top quartile).

DSP Liquidity Fund

  • Upper mid AUM (₹22,245 Cr).
  • Established history (19+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.93% (top quartile).
  • 1M return: 0.47% (lower mid).
  • Sharpe: 4.00 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.83% (upper mid).
  • Modified duration: 0.12 yrs (bottom quartile).

Invesco India Liquid Fund

  • Upper mid AUM (₹14,240 Cr).
  • Established history (18+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.93% (upper mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.63 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.78% (lower mid).
  • Modified duration: 0.11 yrs (upper mid).

Tata Liquid Fund

  • Upper mid AUM (₹22,951 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.92% (upper mid).
  • 1M return: 0.47% (lower mid).
  • Sharpe: 3.33 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.88% (top quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

Edelweiss Liquid Fund

  • Lower mid AUM (₹8,323 Cr).
  • Established history (17+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.92% (upper mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.64 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

UTI Liquid Cash Plan

  • Upper mid AUM (₹29,013 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.92% (upper mid).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.22 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.86% (upper mid).
  • Modified duration: 0.12 yrs (bottom quartile).

Aditya Birla Sun Life Liquid Fund

  • Top quartile AUM (₹51,913 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.91% (upper mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.23 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.89% (top quartile).
  • Modified duration: 0.12 yrs (lower mid).

Mahindra Liquid Fund

  • Bottom quartile AUM (₹1,011 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.90% (upper mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.93 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.94% (top quartile).
  • Modified duration: 0.11 yrs (upper mid).

Mirae Asset Cash Management Fund

  • Lower mid AUM (₹13,634 Cr).
  • Established history (16+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.90% (lower mid).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 3.62 (upper mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.77% (bottom quartile).
  • Modified duration: 0.10 yrs (upper mid).

Nippon India Liquid Fund 

  • Upper mid AUM (₹35,388 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.89% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.10 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.89% (top quartile).
  • Modified duration: 0.11 yrs (lower mid).

Kotak Liquid Fund

  • Top quartile AUM (₹38,176 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.89% (lower mid).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 2.93 (bottom quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.93% (top quartile).
  • Modified duration: 0.12 yrs (lower mid).

ICICI Prudential Liquid Fund

  • Top quartile AUM (₹51,593 Cr).
  • Established history (19+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.89% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.19 (lower mid).
  • Information ratio: -0.86 (bottom quartile).
  • Yield to maturity (debt): 5.86% (upper mid).
  • Modified duration: 0.10 yrs (top quartile).

HDFC Liquid Fund

  • Top quartile AUM (₹67,354 Cr).
  • Established history (24+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.88% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 2.94 (lower mid).
  • Information ratio: -1.03 (bottom quartile).
  • Yield to maturity (debt): 5.83% (lower mid).
  • Modified duration: 0.12 yrs (bottom quartile).

LIC MF Liquid Fund

  • Lower mid AUM (₹11,199 Cr).
  • Established history (23+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.84% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.14 (lower mid).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.85% (upper mid).
  • Modified duration: 0.12 yrs (lower mid).

Baroda Pioneer Liquid Fund

  • Lower mid AUM (₹11,836 Cr).
  • Established history (16+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.93 (bottom quartile).
  • Information ratio: -1.27 (bottom quartile).
  • Yield to maturity (debt): 5.84% (upper mid).
  • Modified duration: 0.11 yrs (upper mid).

Bandhan Cash Fund

  • Upper mid AUM (₹14,391 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.01 (lower mid).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.75% (bottom quartile).
  • Modified duration: 0.09 yrs (top quartile).

SBI Liquid Fund

  • Highest AUM (₹68,443 Cr).
  • Established history (18+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.81% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.63 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.80% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

JM Liquid Fund

  • Lower mid AUM (₹3,225 Cr).
  • Oldest track record among peers (27 yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.81% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.80 (bottom quartile).
  • Information ratio: -2.27 (bottom quartile).
  • Yield to maturity (debt): 5.77% (lower mid).
  • Modified duration: 0.10 yrs (top quartile).

IIFL Liquid Fund

  • Bottom quartile AUM (₹976 Cr).
  • Established history (11+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.72% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.19 (bottom quartile).
  • Information ratio: -3.05 (bottom quartile).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.00 yrs (top quartile).

IDBI Liquid Fund

  • Bottom quartile AUM (₹503 Cr).
  • Established history (15+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.55% (bottom quartile).
  • 1M return: 0.53% (top quartile).
  • Sharpe: 0.20 (bottom quartile).
  • Information ratio: -5.96 (bottom quartile).
  • Yield to maturity (debt): 6.66% (top quartile).
  • Modified duration: 0.10 yrs (upper mid).

Sundaram Money Fund

  • Bottom quartile AUM (₹3,144 Cr).
  • Established history (19+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 3.29% (bottom quartile).
  • 1M return: 0.29% (bottom quartile).
  • Sharpe: -3.87 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 3.50% (bottom quartile).
  • Modified duration: 0.09 yrs (top quartile).

افراد اور کارپوریٹس کے درمیان اثاثہ جات کا وقفہ کسی حد تک یہ دیکھنا ضروری ہے کہ آیا مائع میوچل فنڈزہینڈل بڑے چھٹکارے. بڑے ریڈیمپشنز (بعض اوقات کارپوریٹس کے ذریعہ 100 یا 1000 کروڑ روپے بھی لیے جا سکتے ہیں) پورٹ فولیو پر دباؤ ڈال سکتے ہیں۔ لیکویڈیٹی بحران کے وقت اتنی بڑی مقدار کے لیے خریدار تلاش کرنا مشکل ہو گا۔

درحقیقت، اس بات کو یقینی بنانے کے لیے کہ پورٹ فولیو قیمت پر اثرانداز نہ ہو، مائع فنڈز کو مارک سے مارکیٹ میں ایکروئل کی بنیاد پر منتقل کیا گیا۔حساب کتاب 2008 میں Lehman بحران کے بعد۔

نیز، فنڈ کا سائز یہاں پر سرمایہ کاروں کی حفاظت کرتا ہے۔رہائی کے بعد سے دباؤSEBI ایک اصول ہے کہ کسی سکیم میں سب سے زیادہ انفرادی ہولڈنگ 20% سے زیادہ نہیں ہو سکتی۔ لہذا، زیادہ تر اسکیموں کو ایک حد تک محفوظ کیا جائے گا۔

ٹاپ 5 لیکویڈ فنڈز

2022 کے لیے بہترین کارکردگی کا مظاہرہ کرنے والے مائع فنڈز ہیں-

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2024 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
BOI AXA Liquid Fund Growth ₹3,037.93
↑ 0.47
₹2,0020.51.53.377.45.64%1M 17D1M 17D
Axis Liquid Fund Growth ₹2,937.11
↑ 0.45
₹36,7570.51.53.377.45.85%1M 12D1M 15D
Indiabulls Liquid Fund Growth ₹2,551.1
↑ 0.41
₹3930.51.53.377.45.77%1M 10D1M 11D
PGIM India Insta Cash Fund Growth ₹343.389
↑ 0.05
₹5130.51.53.36.97.35.81%1M 15D1M 17D
Canara Robeco Liquid Growth ₹3,174.89
↑ 0.49
₹6,5770.51.43.36.97.45.76%1M 5D1M 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Sep 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryBOI AXA Liquid FundAxis Liquid FundIndiabulls Liquid Fund PGIM India Insta Cash FundCanara Robeco Liquid
Point 1Lower mid AUM (₹2,002 Cr).Highest AUM (₹36,757 Cr).Bottom quartile AUM (₹393 Cr).Bottom quartile AUM (₹513 Cr).Upper mid AUM (₹6,577 Cr).
Point 2Established history (17+ yrs).Established history (15+ yrs).Established history (13+ yrs).Oldest track record among peers (18 yrs).Established history (17+ yrs).
Point 3Rating: 3★ (bottom quartile).Rating: 4★ (lower mid).Top rated.Rating: 5★ (upper mid).Rating: 3★ (bottom quartile).
Point 4Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.Risk profile: Low.
Point 51Y return: 6.98% (top quartile).1Y return: 6.96% (upper mid).1Y return: 6.96% (lower mid).1Y return: 6.93% (bottom quartile).1Y return: 6.93% (bottom quartile).
Point 61M return: 0.47% (upper mid).1M return: 0.47% (lower mid).1M return: 0.47% (top quartile).1M return: 0.47% (bottom quartile).1M return: 0.47% (bottom quartile).
Point 7Sharpe: 4.36 (top quartile).Sharpe: 3.64 (upper mid).Sharpe: 3.05 (bottom quartile).Sharpe: 3.30 (bottom quartile).Sharpe: 3.31 (lower mid).
Point 8Information ratio: 0.52 (top quartile).Information ratio: 0.00 (upper mid).Information ratio: -1.37 (bottom quartile).Information ratio: -0.82 (bottom quartile).Information ratio: -0.08 (lower mid).
Point 9Yield to maturity (debt): 5.64% (bottom quartile).Yield to maturity (debt): 5.85% (top quartile).Yield to maturity (debt): 5.77% (lower mid).Yield to maturity (debt): 5.81% (upper mid).Yield to maturity (debt): 5.76% (bottom quartile).
Point 10Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.12 yrs (lower mid).Modified duration: 0.11 yrs (upper mid).Modified duration: 0.13 yrs (bottom quartile).Modified duration: 0.10 yrs (top quartile).

BOI AXA Liquid Fund

  • Lower mid AUM (₹2,002 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.98% (top quartile).
  • 1M return: 0.47% (upper mid).
  • Sharpe: 4.36 (top quartile).
  • Information ratio: 0.52 (top quartile).
  • Yield to maturity (debt): 5.64% (bottom quartile).
  • Modified duration: 0.13 yrs (bottom quartile).

Axis Liquid Fund

  • Highest AUM (₹36,757 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.96% (upper mid).
  • 1M return: 0.47% (lower mid).
  • Sharpe: 3.64 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.85% (top quartile).
  • Modified duration: 0.12 yrs (lower mid).

Indiabulls Liquid Fund

  • Bottom quartile AUM (₹393 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Low.
  • 1Y return: 6.96% (lower mid).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.05 (bottom quartile).
  • Information ratio: -1.37 (bottom quartile).
  • Yield to maturity (debt): 5.77% (lower mid).
  • Modified duration: 0.11 yrs (upper mid).

PGIM India Insta Cash Fund

  • Bottom quartile AUM (₹513 Cr).
  • Oldest track record among peers (18 yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.93% (bottom quartile).
  • 1M return: 0.47% (bottom quartile).
  • Sharpe: 3.30 (bottom quartile).
  • Information ratio: -0.82 (bottom quartile).
  • Yield to maturity (debt): 5.81% (upper mid).
  • Modified duration: 0.13 yrs (bottom quartile).

Canara Robeco Liquid

  • Upper mid AUM (₹6,577 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.93% (bottom quartile).
  • 1M return: 0.47% (bottom quartile).
  • Sharpe: 3.31 (lower mid).
  • Information ratio: -0.08 (lower mid).
  • Yield to maturity (debt): 5.76% (bottom quartile).
  • Modified duration: 0.10 yrs (top quartile).

4. مائع میوچل فنڈز کی کارکردگی کی درجہ بندی

کارکردگی کی درجہ بندی اس وقت تک کہ موجودہ پورٹ فولیو اور مستقبل کے نقطہ نظر کو مدنظر نہ رکھا جائے کل کے جیتنے والوں کو ہارنے والوں سے ممتاز نہیں کر سکے گا۔ لہذا، اگرچہ پسماندہ نظر آنے والی درجہ بندی ماضی کی کارکردگی کے بارے میں اندازہ دے سکتی ہے، کوئی بھی ان کو فنڈ کو غیر منتخب کرنے کے لیے بہترین انداز میں استعمال کر سکتا ہے۔

نتیجہ

مائع میوچل فنڈز کی تلاش کے دوران کسی کو متعدد عوامل کو دیکھنے کی ضرورت ہے اور پھر متعلقہ فنڈ کا انتخاب کرنا ہوگا۔

اعلان دستبرداری: براہ کرم اپنے مشیر سے مشورہ کریں اور کوئی بھی سرمایہ کاری کا فیصلہ کرنے سے پہلے آزادانہ تحقیق کریں۔

Disclaimer:
یہاں فراہم کردہ معلومات کے درست ہونے کو یقینی بنانے کے لیے تمام کوششیں کی گئی ہیں۔ تاہم، ڈیٹا کی درستگی کے حوالے سے کوئی ضمانت نہیں دی جاتی ہے۔ براہ کرم کوئی بھی سرمایہ کاری کرنے سے پہلے اسکیم کی معلومات کے دستاویز کے ساتھ تصدیق کریں۔
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