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مائع میوچل فنڈز: کیسے چنیں؟

Updated on September 26, 2025 , 3024 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
Indiabulls Liquid Fund Growth ₹2,560.43
↑ 0.30
₹3030.51.43.16.97.45.88%1M 3D1M 3D
BOI AXA Liquid Fund Growth ₹3,049.27
↑ 0.46
₹1,8240.51.43.16.97.45.82%1M 10D1M 10D
Axis Liquid Fund Growth ₹2,947.93
↑ 0.41
₹37,1220.51.43.16.97.45.9%1M 9D1M 11D
PGIM India Insta Cash Fund Growth ₹344.669
↑ 0.05
₹5270.51.43.16.87.35.83%20D22D
Canara Robeco Liquid Growth ₹3,186.63
↑ 0.38
₹8,3100.51.43.16.87.45.82%1M 1D1M 3D
Edelweiss Liquid Fund Growth ₹3,385.97
↑ 0.51
₹10,2180.51.43.16.87.35.83%1M 10D1M 10D
Tata Liquid Fund Growth ₹4,169.82
↑ 0.56
₹20,4040.51.43.16.87.35.94%1M 9D1M 9D
DSP Liquidity Fund Growth ₹3,779.78
↑ 0.53
₹19,9260.51.43.16.87.45.87%1M 6D1M 10D
UTI Liquid Cash Plan Growth ₹4,343.35
↑ 0.57
₹25,0370.51.43.16.87.35.93%1M 6D1M 6D
Invesco India Liquid Fund Growth ₹3,638.93
↑ 0.52
₹14,5430.51.43.16.87.45.84%1M 10D1M 10D
Aditya Birla Sun Life Liquid Fund Growth ₹426.614
↑ 0.06
₹49,7210.51.43.16.87.36%1M 2D1M 2D
Mahindra Liquid Fund Growth ₹1,722.81
↑ 0.23
₹1,2310.51.43.16.87.45.93%1M 6D1M 8D
Mirae Asset Cash Management Fund Growth ₹2,776.24
↑ 0.45
₹13,7910.51.43.16.87.35.87%1M 10D1M 12D
Nippon India Liquid Fund  Growth ₹6,460.86
↑ 0.89
₹30,9650.51.43.16.87.35.89%1M 10D1M 13D
ICICI Prudential Liquid Fund Growth ₹391.852
↑ 0.06
₹52,3400.51.43.16.87.45.87%1M 1D1M 4D
Kotak Liquid Fund Growth ₹5,351.06
↑ 0.77
₹40,6750.51.43.16.87.35.94%1M 10D1M 10D
HDFC Liquid Fund Growth ₹5,193.98
↑ 0.70
₹61,3990.51.43.16.87.35.88%1M 7D1M 11D
LIC MF Liquid Fund Growth ₹4,785.26
↑ 0.68
₹13,1620.51.43.16.77.45.87%1M 11D1M 11D
Baroda Pioneer Liquid Fund Growth ₹3,043.36
↑ 0.44
₹10,1500.51.43.16.77.35.88%1M 8D1M 8D
Bandhan Cash Fund Growth ₹3,197.32
↑ 0.45
₹13,6320.51.43.16.77.35.84%1M 6D1M 6D
SBI Liquid Fund Growth ₹4,137.59
↑ 0.56
₹63,8240.51.43.16.77.35.86%1M 6D1M 6D
JM Liquid Fund Growth ₹72.2241
↑ 0.01
₹2,6950.51.43.16.77.25.83%1M 7D1M 9D
IIFL Liquid Fund Growth ₹2,037.64
↑ 0.29
₹9100.51.436.67.25.81%1M 6D1M 10D
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 29 Sep 25

Research Highlights & Commentary of 25 Funds showcased

CommentaryIndiabulls Liquid FundBOI AXA Liquid FundAxis Liquid Fund PGIM India Insta Cash FundCanara Robeco LiquidEdelweiss Liquid FundTata Liquid FundDSP Liquidity FundUTI Liquid Cash PlanInvesco India Liquid FundAditya Birla Sun Life Liquid FundMahindra Liquid FundMirae Asset Cash Management FundNippon India Liquid Fund ICICI Prudential Liquid FundKotak 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 (₹303 Cr).Bottom quartile AUM (₹1,824 Cr).Top quartile AUM (₹37,122 Cr).Bottom quartile AUM (₹527 Cr).Lower mid AUM (₹8,310 Cr).Lower mid AUM (₹10,218 Cr).Upper mid AUM (₹20,404 Cr).Upper mid AUM (₹19,926 Cr).Upper mid AUM (₹25,037 Cr).Upper mid AUM (₹14,543 Cr).Top quartile AUM (₹49,721 Cr).Bottom quartile AUM (₹1,231 Cr).Upper mid AUM (₹13,791 Cr).Upper mid AUM (₹30,965 Cr).Top quartile AUM (₹52,340 Cr).Top quartile AUM (₹40,675 Cr).Top quartile AUM (₹61,399 Cr).Lower mid AUM (₹13,162 Cr).Lower mid AUM (₹10,150 Cr).Lower mid AUM (₹13,632 Cr).Highest AUM (₹63,824 Cr).Bottom quartile AUM (₹2,695 Cr).Bottom quartile AUM (₹910 Cr).Bottom quartile AUM (₹503 Cr).Lower mid AUM (₹3,144 Cr).
Point 2Established history (13+ yrs).Established history (17+ yrs).Established history (15+ yrs).Established history (18+ yrs).Established history (17+ yrs).Established history (18+ yrs).Established history (21+ yrs).Established history (19+ yrs).Established history (21+ yrs).Established history (18+ yrs).Established history (21+ yrs).Established history (9+ yrs).Established history (16+ yrs).Established history (21+ yrs).Established history (19+ yrs).Established history (21+ 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 3Top rated.Rating: 3★ (lower mid).Rating: 4★ (top quartile).Rating: 5★ (top quartile).Rating: 3★ (bottom quartile).Rating: 2★ (bottom quartile).Rating: 4★ (top quartile).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 4★ (top quartile).Rating: 4★ (upper mid).Not Rated.Rating: 2★ (bottom quartile).Rating: 4★ (upper mid).Rating: 4★ (upper mid).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 4★ (upper mid).Rating: 3★ (bottom quartile).Rating: 3★ (bottom quartile).Rating: 5★ (top quartile).Not Rated.Rating: 3★ (upper 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: 6.86% (top quartile).1Y return: 6.86% (top quartile).1Y return: 6.85% (top quartile).1Y return: 6.83% (top quartile).1Y return: 6.83% (top quartile).1Y return: 6.82% (top quartile).1Y return: 6.82% (upper mid).1Y return: 6.82% (upper mid).1Y return: 6.81% (upper mid).1Y return: 6.81% (upper mid).1Y return: 6.81% (upper mid).1Y return: 6.79% (upper mid).1Y return: 6.79% (lower mid).1Y return: 6.78% (lower mid).1Y return: 6.78% (lower mid).1Y return: 6.78% (lower mid).1Y return: 6.77% (lower mid).1Y return: 6.72% (lower mid).1Y return: 6.72% (bottom quartile).1Y return: 6.71% (bottom quartile).1Y return: 6.71% (bottom quartile).1Y return: 6.71% (bottom quartile).1Y return: 6.62% (bottom quartile).1Y return: 6.55% (bottom quartile).1Y return: 3.29% (bottom quartile).
Point 61M return: 0.46% (upper mid).1M return: 0.46% (top quartile).1M return: 0.46% (lower mid).1M return: 0.47% (top quartile).1M return: 0.46% (upper mid).1M return: 0.47% (top quartile).1M return: 0.46% (upper mid).1M return: 0.46% (upper mid).1M return: 0.46% (top quartile).1M return: 0.46% (lower mid).1M return: 0.46% (top quartile).1M return: 0.46% (upper mid).1M return: 0.46% (upper mid).1M return: 0.46% (lower 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% (lower mid).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.45% (bottom quartile).1M return: 0.53% (top quartile).1M return: 0.29% (bottom quartile).
Point 7Sharpe: 3.54 (upper mid).Sharpe: 4.59 (top quartile).Sharpe: 3.41 (upper mid).Sharpe: 3.57 (top quartile).Sharpe: 3.48 (upper mid).Sharpe: 3.91 (top quartile).Sharpe: 3.56 (upper mid).Sharpe: 3.56 (upper mid).Sharpe: 3.40 (lower mid).Sharpe: 3.79 (top quartile).Sharpe: 3.41 (upper mid).Sharpe: 3.61 (top quartile).Sharpe: 3.82 (top quartile).Sharpe: 3.30 (lower mid).Sharpe: 3.34 (lower mid).Sharpe: 3.13 (lower mid).Sharpe: 3.05 (bottom quartile).Sharpe: 3.26 (lower mid).Sharpe: 3.07 (bottom quartile).Sharpe: 3.18 (lower mid).Sharpe: 2.79 (bottom quartile).Sharpe: 2.95 (bottom quartile).Sharpe: 2.72 (bottom quartile).Sharpe: 0.20 (bottom quartile).Sharpe: -3.87 (bottom quartile).
Point 8Information ratio: -1.18 (bottom quartile).Information ratio: 0.74 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.64 (lower mid).Information ratio: 0.08 (top quartile).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 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.74 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.92 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: -1.18 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: 0.00 (top quartile).Information ratio: -2.17 (bottom quartile).Information ratio: -2.96 (bottom quartile).Information ratio: -5.96 (bottom quartile).Information ratio: 0.00 (top quartile).
Point 9Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.82% (bottom quartile).Yield to maturity (debt): 5.90% (upper mid).Yield to maturity (debt): 5.83% (bottom quartile).Yield to maturity (debt): 5.82% (bottom quartile).Yield to maturity (debt): 5.83% (bottom quartile).Yield to maturity (debt): 5.94% (top quartile).Yield to maturity (debt): 5.87% (lower mid).Yield to maturity (debt): 5.93% (top quartile).Yield to maturity (debt): 5.84% (lower mid).Yield to maturity (debt): 6.00% (top quartile).Yield to maturity (debt): 5.93% (top quartile).Yield to maturity (debt): 5.87% (lower mid).Yield to maturity (debt): 5.89% (upper mid).Yield to maturity (debt): 5.87% (lower mid).Yield to maturity (debt): 5.94% (top quartile).Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.87% (upper mid).Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.84% (lower mid).Yield to maturity (debt): 5.86% (lower mid).Yield to maturity (debt): 5.83% (bottom quartile).Yield to maturity (debt): 5.81% (bottom quartile).Yield to maturity (debt): 6.66% (top quartile).Yield to maturity (debt): 3.50% (bottom quartile).
Point 10Modified duration: 0.09 yrs (top quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.06 yrs (top quartile).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.10 yrs (lower mid).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (lower mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (lower mid).Modified duration: 0.09 yrs (top quartile).

Indiabulls Liquid Fund

  • Bottom quartile AUM (₹303 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Low.
  • 1Y return: 6.86% (top quartile).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.54 (upper mid).
  • Information ratio: -1.18 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

  • Bottom quartile AUM (₹1,824 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.86% (top quartile).
  • 1M return: 0.46% (top quartile).
  • Sharpe: 4.59 (top quartile).
  • Information ratio: 0.74 (top quartile).
  • Yield to maturity (debt): 5.82% (bottom quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

  • Top quartile AUM (₹37,122 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.85% (top quartile).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.41 (upper mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.90% (upper mid).
  • Modified duration: 0.11 yrs (lower mid).

PGIM India Insta Cash Fund

  • Bottom quartile AUM (₹527 Cr).
  • Established history (18+ yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.83% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.57 (top quartile).
  • Information ratio: -0.64 (lower mid).
  • Yield to maturity (debt): 5.83% (bottom quartile).
  • Modified duration: 0.06 yrs (top quartile).

Canara Robeco Liquid

  • Lower mid AUM (₹8,310 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.83% (top quartile).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.48 (upper mid).
  • Information ratio: 0.08 (top quartile).
  • Yield to maturity (debt): 5.82% (bottom quartile).
  • Modified duration: 0.09 yrs (top quartile).

Edelweiss Liquid Fund

  • Lower mid AUM (₹10,218 Cr).
  • Established history (18+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.91 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.83% (bottom quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

Tata Liquid Fund

  • Upper mid AUM (₹20,404 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.56 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.94% (top quartile).
  • Modified duration: 0.11 yrs (lower mid).

DSP Liquidity Fund

  • Upper mid AUM (₹19,926 Cr).
  • Established history (19+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.82% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.56 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.87% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

UTI Liquid Cash Plan

  • Upper mid AUM (₹25,037 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.81% (upper mid).
  • 1M return: 0.46% (top quartile).
  • Sharpe: 3.40 (lower mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.93% (top quartile).
  • Modified duration: 0.10 yrs (upper mid).

Invesco India Liquid Fund

  • Upper mid AUM (₹14,543 Cr).
  • Established history (18+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.81% (upper mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.79 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.84% (lower mid).
  • Modified duration: 0.11 yrs (bottom quartile).

Aditya Birla Sun Life Liquid Fund

  • Top quartile AUM (₹49,721 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.81% (upper mid).
  • 1M return: 0.46% (top quartile).
  • Sharpe: 3.41 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 6.00% (top quartile).
  • Modified duration: 0.09 yrs (top quartile).

Mahindra Liquid Fund

  • Bottom quartile AUM (₹1,231 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.79% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.61 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.93% (top quartile).
  • Modified duration: 0.10 yrs (upper mid).

Mirae Asset Cash Management Fund

  • Upper mid AUM (₹13,791 Cr).
  • Established history (16+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.79% (lower mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.82 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.87% (lower mid).
  • Modified duration: 0.11 yrs (bottom quartile).

Nippon India Liquid Fund 

  • Upper mid AUM (₹30,965 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.78% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.30 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.89% (upper mid).
  • Modified duration: 0.11 yrs (bottom quartile).

ICICI Prudential Liquid Fund

  • Top quartile AUM (₹52,340 Cr).
  • Established history (19+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.78% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.34 (lower mid).
  • Information ratio: -0.74 (bottom quartile).
  • Yield to maturity (debt): 5.87% (lower mid).
  • Modified duration: 0.09 yrs (top quartile).

Kotak Liquid Fund

  • Top quartile AUM (₹40,675 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.78% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.13 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.94% (top quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

HDFC Liquid Fund

  • Top quartile AUM (₹61,399 Cr).
  • Established history (24+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.77% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.05 (bottom quartile).
  • Information ratio: -0.92 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.10 yrs (lower mid).

LIC MF Liquid Fund

  • Lower mid AUM (₹13,162 Cr).
  • Established history (23+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.72% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.26 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.87% (upper mid).
  • Modified duration: 0.12 yrs (bottom quartile).

Baroda Pioneer Liquid Fund

  • Lower mid AUM (₹10,150 Cr).
  • Established history (16+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.72% (bottom quartile).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.07 (bottom quartile).
  • Information ratio: -1.18 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.11 yrs (lower mid).

Bandhan Cash Fund

  • Lower mid AUM (₹13,632 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.71% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.18 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.84% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

SBI Liquid Fund

  • Highest AUM (₹63,824 Cr).
  • Established history (18+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.71% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.79 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.86% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

JM Liquid Fund

  • Bottom quartile AUM (₹2,695 Cr).
  • Oldest track record among peers (27 yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.71% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.95 (bottom quartile).
  • Information ratio: -2.17 (bottom quartile).
  • Yield to maturity (debt): 5.83% (bottom quartile).
  • Modified duration: 0.10 yrs (lower mid).

IIFL Liquid Fund

  • Bottom quartile AUM (₹910 Cr).
  • Established history (11+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.62% (bottom quartile).
  • 1M return: 0.45% (bottom quartile).
  • Sharpe: 2.72 (bottom quartile).
  • Information ratio: -2.96 (bottom quartile).
  • Yield to maturity (debt): 5.81% (bottom quartile).
  • Modified duration: 0.10 yrs (upper mid).

IDBI Liquid Fund

  • Bottom quartile AUM (₹503 Cr).
  • Established history (15+ yrs).
  • Rating: 3★ (upper 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 (lower mid).

Sundaram Money Fund

  • Lower mid 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
Indiabulls Liquid Fund Growth ₹2,560.43
↑ 0.30
₹3030.51.43.16.97.45.88%1M 3D1M 3D
BOI AXA Liquid Fund Growth ₹3,049.27
↑ 0.46
₹1,8240.51.43.16.97.45.82%1M 10D1M 10D
Axis Liquid Fund Growth ₹2,947.93
↑ 0.41
₹37,1220.51.43.16.97.45.9%1M 9D1M 11D
PGIM India Insta Cash Fund Growth ₹344.669
↑ 0.05
₹5270.51.43.16.87.35.83%20D22D
Canara Robeco Liquid Growth ₹3,186.63
↑ 0.38
₹8,3100.51.43.16.87.45.82%1M 1D1M 3D
Edelweiss Liquid Fund Growth ₹3,385.97
↑ 0.51
₹10,2180.51.43.16.87.35.83%1M 10D1M 10D
Tata Liquid Fund Growth ₹4,169.82
↑ 0.56
₹20,4040.51.43.16.87.35.94%1M 9D1M 9D
DSP Liquidity Fund Growth ₹3,779.78
↑ 0.53
₹19,9260.51.43.16.87.45.87%1M 6D1M 10D
UTI Liquid Cash Plan Growth ₹4,343.35
↑ 0.57
₹25,0370.51.43.16.87.35.93%1M 6D1M 6D
Invesco India Liquid Fund Growth ₹3,638.93
↑ 0.52
₹14,5430.51.43.16.87.45.84%1M 10D1M 10D
Aditya Birla Sun Life Liquid Fund Growth ₹426.614
↑ 0.06
₹49,7210.51.43.16.87.36%1M 2D1M 2D
Mahindra Liquid Fund Growth ₹1,722.81
↑ 0.23
₹1,2310.51.43.16.87.45.93%1M 6D1M 8D
Mirae Asset Cash Management Fund Growth ₹2,776.24
↑ 0.45
₹13,7910.51.43.16.87.35.87%1M 10D1M 12D
Nippon India Liquid Fund  Growth ₹6,460.86
↑ 0.89
₹30,9650.51.43.16.87.35.89%1M 10D1M 13D
ICICI Prudential Liquid Fund Growth ₹391.852
↑ 0.06
₹52,3400.51.43.16.87.45.87%1M 1D1M 4D
Kotak Liquid Fund Growth ₹5,351.06
↑ 0.77
₹40,6750.51.43.16.87.35.94%1M 10D1M 10D
HDFC Liquid Fund Growth ₹5,193.98
↑ 0.70
₹61,3990.51.43.16.87.35.88%1M 7D1M 11D
LIC MF Liquid Fund Growth ₹4,785.26
↑ 0.68
₹13,1620.51.43.16.77.45.87%1M 11D1M 11D
Baroda Pioneer Liquid Fund Growth ₹3,043.36
↑ 0.44
₹10,1500.51.43.16.77.35.88%1M 8D1M 8D
Bandhan Cash Fund Growth ₹3,197.32
↑ 0.45
₹13,6320.51.43.16.77.35.84%1M 6D1M 6D
SBI Liquid Fund Growth ₹4,137.59
↑ 0.56
₹63,8240.51.43.16.77.35.86%1M 6D1M 6D
JM Liquid Fund Growth ₹72.2241
↑ 0.01
₹2,6950.51.43.16.77.25.83%1M 7D1M 9D
IIFL Liquid Fund Growth ₹2,037.64
↑ 0.29
₹9100.51.436.67.25.81%1M 6D1M 10D
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 29 Sep 25

Research Highlights & Commentary of 25 Funds showcased

CommentaryIndiabulls Liquid FundBOI AXA Liquid FundAxis Liquid Fund PGIM India Insta Cash FundCanara Robeco LiquidEdelweiss Liquid FundTata Liquid FundDSP Liquidity FundUTI Liquid Cash PlanInvesco India Liquid FundAditya Birla Sun Life Liquid FundMahindra Liquid FundMirae Asset Cash Management FundNippon India Liquid Fund ICICI Prudential Liquid FundKotak 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 (₹303 Cr).Bottom quartile AUM (₹1,824 Cr).Top quartile AUM (₹37,122 Cr).Bottom quartile AUM (₹527 Cr).Lower mid AUM (₹8,310 Cr).Lower mid AUM (₹10,218 Cr).Upper mid AUM (₹20,404 Cr).Upper mid AUM (₹19,926 Cr).Upper mid AUM (₹25,037 Cr).Upper mid AUM (₹14,543 Cr).Top quartile AUM (₹49,721 Cr).Bottom quartile AUM (₹1,231 Cr).Upper mid AUM (₹13,791 Cr).Upper mid AUM (₹30,965 Cr).Top quartile AUM (₹52,340 Cr).Top quartile AUM (₹40,675 Cr).Top quartile AUM (₹61,399 Cr).Lower mid AUM (₹13,162 Cr).Lower mid AUM (₹10,150 Cr).Lower mid AUM (₹13,632 Cr).Highest AUM (₹63,824 Cr).Bottom quartile AUM (₹2,695 Cr).Bottom quartile AUM (₹910 Cr).Bottom quartile AUM (₹503 Cr).Lower mid AUM (₹3,144 Cr).
Point 2Established history (13+ yrs).Established history (17+ yrs).Established history (15+ yrs).Established history (18+ yrs).Established history (17+ yrs).Established history (18+ yrs).Established history (21+ yrs).Established history (19+ yrs).Established history (21+ yrs).Established history (18+ yrs).Established history (21+ yrs).Established history (9+ yrs).Established history (16+ yrs).Established history (21+ yrs).Established history (19+ yrs).Established history (21+ 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 3Top rated.Rating: 3★ (lower mid).Rating: 4★ (top quartile).Rating: 5★ (top quartile).Rating: 3★ (bottom quartile).Rating: 2★ (bottom quartile).Rating: 4★ (top quartile).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 4★ (top quartile).Rating: 4★ (upper mid).Not Rated.Rating: 2★ (bottom quartile).Rating: 4★ (upper mid).Rating: 4★ (upper mid).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 3★ (lower mid).Rating: 4★ (upper mid).Rating: 3★ (bottom quartile).Rating: 3★ (bottom quartile).Rating: 5★ (top quartile).Not Rated.Rating: 3★ (upper 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: 6.86% (top quartile).1Y return: 6.86% (top quartile).1Y return: 6.85% (top quartile).1Y return: 6.83% (top quartile).1Y return: 6.83% (top quartile).1Y return: 6.82% (top quartile).1Y return: 6.82% (upper mid).1Y return: 6.82% (upper mid).1Y return: 6.81% (upper mid).1Y return: 6.81% (upper mid).1Y return: 6.81% (upper mid).1Y return: 6.79% (upper mid).1Y return: 6.79% (lower mid).1Y return: 6.78% (lower mid).1Y return: 6.78% (lower mid).1Y return: 6.78% (lower mid).1Y return: 6.77% (lower mid).1Y return: 6.72% (lower mid).1Y return: 6.72% (bottom quartile).1Y return: 6.71% (bottom quartile).1Y return: 6.71% (bottom quartile).1Y return: 6.71% (bottom quartile).1Y return: 6.62% (bottom quartile).1Y return: 6.55% (bottom quartile).1Y return: 3.29% (bottom quartile).
Point 61M return: 0.46% (upper mid).1M return: 0.46% (top quartile).1M return: 0.46% (lower mid).1M return: 0.47% (top quartile).1M return: 0.46% (upper mid).1M return: 0.47% (top quartile).1M return: 0.46% (upper mid).1M return: 0.46% (upper mid).1M return: 0.46% (top quartile).1M return: 0.46% (lower mid).1M return: 0.46% (top quartile).1M return: 0.46% (upper mid).1M return: 0.46% (upper mid).1M return: 0.46% (lower 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% (lower mid).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.46% (bottom quartile).1M return: 0.45% (bottom quartile).1M return: 0.53% (top quartile).1M return: 0.29% (bottom quartile).
Point 7Sharpe: 3.54 (upper mid).Sharpe: 4.59 (top quartile).Sharpe: 3.41 (upper mid).Sharpe: 3.57 (top quartile).Sharpe: 3.48 (upper mid).Sharpe: 3.91 (top quartile).Sharpe: 3.56 (upper mid).Sharpe: 3.56 (upper mid).Sharpe: 3.40 (lower mid).Sharpe: 3.79 (top quartile).Sharpe: 3.41 (upper mid).Sharpe: 3.61 (top quartile).Sharpe: 3.82 (top quartile).Sharpe: 3.30 (lower mid).Sharpe: 3.34 (lower mid).Sharpe: 3.13 (lower mid).Sharpe: 3.05 (bottom quartile).Sharpe: 3.26 (lower mid).Sharpe: 3.07 (bottom quartile).Sharpe: 3.18 (lower mid).Sharpe: 2.79 (bottom quartile).Sharpe: 2.95 (bottom quartile).Sharpe: 2.72 (bottom quartile).Sharpe: 0.20 (bottom quartile).Sharpe: -3.87 (bottom quartile).
Point 8Information ratio: -1.18 (bottom quartile).Information ratio: 0.74 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.64 (lower mid).Information ratio: 0.08 (top quartile).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 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.74 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.92 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: -1.18 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: 0.00 (top quartile).Information ratio: -2.17 (bottom quartile).Information ratio: -2.96 (bottom quartile).Information ratio: -5.96 (bottom quartile).Information ratio: 0.00 (top quartile).
Point 9Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.82% (bottom quartile).Yield to maturity (debt): 5.90% (upper mid).Yield to maturity (debt): 5.83% (bottom quartile).Yield to maturity (debt): 5.82% (bottom quartile).Yield to maturity (debt): 5.83% (bottom quartile).Yield to maturity (debt): 5.94% (top quartile).Yield to maturity (debt): 5.87% (lower mid).Yield to maturity (debt): 5.93% (top quartile).Yield to maturity (debt): 5.84% (lower mid).Yield to maturity (debt): 6.00% (top quartile).Yield to maturity (debt): 5.93% (top quartile).Yield to maturity (debt): 5.87% (lower mid).Yield to maturity (debt): 5.89% (upper mid).Yield to maturity (debt): 5.87% (lower mid).Yield to maturity (debt): 5.94% (top quartile).Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.87% (upper mid).Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.84% (lower mid).Yield to maturity (debt): 5.86% (lower mid).Yield to maturity (debt): 5.83% (bottom quartile).Yield to maturity (debt): 5.81% (bottom quartile).Yield to maturity (debt): 6.66% (top quartile).Yield to maturity (debt): 3.50% (bottom quartile).
Point 10Modified duration: 0.09 yrs (top quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.06 yrs (top quartile).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.09 yrs (top quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.10 yrs (lower mid).Modified duration: 0.12 yrs (bottom quartile).Modified duration: 0.11 yrs (lower mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (lower mid).Modified duration: 0.10 yrs (upper mid).Modified duration: 0.10 yrs (lower mid).Modified duration: 0.09 yrs (top quartile).

Indiabulls Liquid Fund

  • Bottom quartile AUM (₹303 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Low.
  • 1Y return: 6.86% (top quartile).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.54 (upper mid).
  • Information ratio: -1.18 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

  • Bottom quartile AUM (₹1,824 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.86% (top quartile).
  • 1M return: 0.46% (top quartile).
  • Sharpe: 4.59 (top quartile).
  • Information ratio: 0.74 (top quartile).
  • Yield to maturity (debt): 5.82% (bottom quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

  • Top quartile AUM (₹37,122 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.85% (top quartile).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.41 (upper mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.90% (upper mid).
  • Modified duration: 0.11 yrs (lower mid).

PGIM India Insta Cash Fund

  • Bottom quartile AUM (₹527 Cr).
  • Established history (18+ yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.83% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.57 (top quartile).
  • Information ratio: -0.64 (lower mid).
  • Yield to maturity (debt): 5.83% (bottom quartile).
  • Modified duration: 0.06 yrs (top quartile).

Canara Robeco Liquid

  • Lower mid AUM (₹8,310 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.83% (top quartile).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.48 (upper mid).
  • Information ratio: 0.08 (top quartile).
  • Yield to maturity (debt): 5.82% (bottom quartile).
  • Modified duration: 0.09 yrs (top quartile).

Edelweiss Liquid Fund

  • Lower mid AUM (₹10,218 Cr).
  • Established history (18+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (top quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.91 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.83% (bottom quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

Tata Liquid Fund

  • Upper mid AUM (₹20,404 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.82% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.56 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.94% (top quartile).
  • Modified duration: 0.11 yrs (lower mid).

DSP Liquidity Fund

  • Upper mid AUM (₹19,926 Cr).
  • Established history (19+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.82% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.56 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.87% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

UTI Liquid Cash Plan

  • Upper mid AUM (₹25,037 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.81% (upper mid).
  • 1M return: 0.46% (top quartile).
  • Sharpe: 3.40 (lower mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.93% (top quartile).
  • Modified duration: 0.10 yrs (upper mid).

Invesco India Liquid Fund

  • Upper mid AUM (₹14,543 Cr).
  • Established history (18+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.81% (upper mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.79 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.84% (lower mid).
  • Modified duration: 0.11 yrs (bottom quartile).

Aditya Birla Sun Life Liquid Fund

  • Top quartile AUM (₹49,721 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.81% (upper mid).
  • 1M return: 0.46% (top quartile).
  • Sharpe: 3.41 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 6.00% (top quartile).
  • Modified duration: 0.09 yrs (top quartile).

Mahindra Liquid Fund

  • Bottom quartile AUM (₹1,231 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.79% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.61 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 5.93% (top quartile).
  • Modified duration: 0.10 yrs (upper mid).

Mirae Asset Cash Management Fund

  • Upper mid AUM (₹13,791 Cr).
  • Established history (16+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.79% (lower mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 3.82 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.87% (lower mid).
  • Modified duration: 0.11 yrs (bottom quartile).

Nippon India Liquid Fund 

  • Upper mid AUM (₹30,965 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.78% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.30 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.89% (upper mid).
  • Modified duration: 0.11 yrs (bottom quartile).

ICICI Prudential Liquid Fund

  • Top quartile AUM (₹52,340 Cr).
  • Established history (19+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.78% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.34 (lower mid).
  • Information ratio: -0.74 (bottom quartile).
  • Yield to maturity (debt): 5.87% (lower mid).
  • Modified duration: 0.09 yrs (top quartile).

Kotak Liquid Fund

  • Top quartile AUM (₹40,675 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.78% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.13 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.94% (top quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

HDFC Liquid Fund

  • Top quartile AUM (₹61,399 Cr).
  • Established history (24+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.77% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.05 (bottom quartile).
  • Information ratio: -0.92 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.10 yrs (lower mid).

LIC MF Liquid Fund

  • Lower mid AUM (₹13,162 Cr).
  • Established history (23+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.72% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.26 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.87% (upper mid).
  • Modified duration: 0.12 yrs (bottom quartile).

Baroda Pioneer Liquid Fund

  • Lower mid AUM (₹10,150 Cr).
  • Established history (16+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.72% (bottom quartile).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.07 (bottom quartile).
  • Information ratio: -1.18 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.11 yrs (lower mid).

Bandhan Cash Fund

  • Lower mid AUM (₹13,632 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.71% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.18 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.84% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

SBI Liquid Fund

  • Highest AUM (₹63,824 Cr).
  • Established history (18+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.71% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.79 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 5.86% (lower mid).
  • Modified duration: 0.10 yrs (upper mid).

JM Liquid Fund

  • Bottom quartile AUM (₹2,695 Cr).
  • Oldest track record among peers (27 yrs).
  • Rating: 5★ (top quartile).
  • Risk profile: Low.
  • 1Y return: 6.71% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 2.95 (bottom quartile).
  • Information ratio: -2.17 (bottom quartile).
  • Yield to maturity (debt): 5.83% (bottom quartile).
  • Modified duration: 0.10 yrs (lower mid).

IIFL Liquid Fund

  • Bottom quartile AUM (₹910 Cr).
  • Established history (11+ yrs).
  • Not Rated.
  • Risk profile: Low.
  • 1Y return: 6.62% (bottom quartile).
  • 1M return: 0.45% (bottom quartile).
  • Sharpe: 2.72 (bottom quartile).
  • Information ratio: -2.96 (bottom quartile).
  • Yield to maturity (debt): 5.81% (bottom quartile).
  • Modified duration: 0.10 yrs (upper mid).

IDBI Liquid Fund

  • Bottom quartile AUM (₹503 Cr).
  • Established history (15+ yrs).
  • Rating: 3★ (upper 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 (lower mid).

Sundaram Money Fund

  • Lower mid 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
Indiabulls Liquid Fund Growth ₹2,560.43
↑ 0.30
₹3030.51.43.16.97.45.88%1M 3D1M 3D
BOI AXA Liquid Fund Growth ₹3,049.27
↑ 0.46
₹1,8240.51.43.16.97.45.82%1M 10D1M 10D
Axis Liquid Fund Growth ₹2,947.93
↑ 0.41
₹37,1220.51.43.16.97.45.9%1M 9D1M 11D
PGIM India Insta Cash Fund Growth ₹344.669
↑ 0.05
₹5270.51.43.16.87.35.83%20D22D
Canara Robeco Liquid Growth ₹3,186.63
↑ 0.38
₹8,3100.51.43.16.87.45.82%1M 1D1M 3D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Sep 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryIndiabulls Liquid FundBOI AXA Liquid FundAxis Liquid Fund PGIM India Insta Cash FundCanara Robeco Liquid
Point 1Bottom quartile AUM (₹303 Cr).Lower mid AUM (₹1,824 Cr).Highest AUM (₹37,122 Cr).Bottom quartile AUM (₹527 Cr).Upper mid AUM (₹8,310 Cr).
Point 2Established history (13+ yrs).Established history (17+ yrs).Established history (15+ yrs).Oldest track record among peers (18 yrs).Established history (17+ yrs).
Point 3Top rated.Rating: 3★ (bottom quartile).Rating: 4★ (lower mid).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: 6.86% (top quartile).1Y return: 6.86% (upper mid).1Y return: 6.85% (lower mid).1Y return: 6.83% (bottom quartile).1Y return: 6.83% (bottom quartile).
Point 61M return: 0.46% (bottom quartile).1M return: 0.46% (upper mid).1M return: 0.46% (bottom quartile).1M return: 0.47% (top quartile).1M return: 0.46% (lower mid).
Point 7Sharpe: 3.54 (lower mid).Sharpe: 4.59 (top quartile).Sharpe: 3.41 (bottom quartile).Sharpe: 3.57 (upper mid).Sharpe: 3.48 (bottom quartile).
Point 8Information ratio: -1.18 (bottom quartile).Information ratio: 0.74 (top quartile).Information ratio: 0.00 (lower mid).Information ratio: -0.64 (bottom quartile).Information ratio: 0.08 (upper mid).
Point 9Yield to maturity (debt): 5.88% (upper mid).Yield to maturity (debt): 5.82% (bottom quartile).Yield to maturity (debt): 5.90% (top quartile).Yield to maturity (debt): 5.83% (lower mid).Yield to maturity (debt): 5.82% (bottom quartile).
Point 10Modified duration: 0.09 yrs (lower mid).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.11 yrs (bottom quartile).Modified duration: 0.06 yrs (top quartile).Modified duration: 0.09 yrs (upper mid).

Indiabulls Liquid Fund

  • Bottom quartile AUM (₹303 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Low.
  • 1Y return: 6.86% (top quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.54 (lower mid).
  • Information ratio: -1.18 (bottom quartile).
  • Yield to maturity (debt): 5.88% (upper mid).
  • Modified duration: 0.09 yrs (lower mid).

BOI AXA Liquid Fund

  • Lower mid AUM (₹1,824 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.86% (upper mid).
  • 1M return: 0.46% (upper mid).
  • Sharpe: 4.59 (top quartile).
  • Information ratio: 0.74 (top quartile).
  • Yield to maturity (debt): 5.82% (bottom quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

  • Highest AUM (₹37,122 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.85% (lower mid).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 3.41 (bottom quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 5.90% (top quartile).
  • Modified duration: 0.11 yrs (bottom quartile).

PGIM India Insta Cash Fund

  • Bottom quartile AUM (₹527 Cr).
  • Oldest track record among peers (18 yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.83% (bottom quartile).
  • 1M return: 0.47% (top quartile).
  • Sharpe: 3.57 (upper mid).
  • Information ratio: -0.64 (bottom quartile).
  • Yield to maturity (debt): 5.83% (lower mid).
  • Modified duration: 0.06 yrs (top quartile).

Canara Robeco Liquid

  • Upper mid AUM (₹8,310 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 6.83% (bottom quartile).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 3.48 (bottom quartile).
  • Information ratio: 0.08 (upper mid).
  • Yield to maturity (debt): 5.82% (bottom quartile).
  • Modified duration: 0.09 yrs (upper mid).

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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