DSP Liquidity Direct-Growth

Q: What are the returns of this mutual fund scheme?

The DSP Liquidity Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 6.82% since inception. DSP Liquidity Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.45% 7.02% 5.93% 6.2% 6.82%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹3902.005+0.03% 1 day change	6.82% p.a.	App exclusive #NA View Ranked Funds	₹17,777 Cr

Historical NAV & returns

NAV: ₹3902.005 as on Feb 02, 2026

This fund Category average

DSP Liquidity Fund overview

Expense ratio	0.12% as on Feb 02, 2026
Exit load	0.007% Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.!
AUM (Fund size)	₹17,777 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

DSP Liquidity Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.45%	0.45%
3 Months	1.45%	1.31%
6 Months	2.93%	2.78%
1 Year	6.45%	6.27%
2 Years	6.96%	6.84%
3 Years	7.02%	6.94%
4 Years	6.57%	6.5%
5 Years	5.93%	5.87%
7 Years	5.72%	5.68%
10 Years	6.2%	6.35%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 96.53%

SOV 19.05%

AAA 1.03%

AA+ 0.39%

Top Debt Holdings

GOI 12.42%

HDFC Bank Ltd. 9.89%

Punjab National Bank 9.32%

Bank Of Baroda 8.22%

Allocation by Instruments

Certificate of Deposit 48.57000000000001%

Commercial Paper 47.96000000000002%

GOI Securities 12.42%

Treasury Bills 6.629999999999999%

Other Holdings

Others 0.26%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
DSP Liquidity Fund	0.45%	2.93%	6.45%	7.02%	5.93%	6.2%
Quant Liquid Fund	0.43%	2.88%	6.35%	6.91%	6.04%	6.47%
Mahindra Manulife Liquid Fund	0.44%	2.93%	6.44%	7.05%	5.97%	5.92%
Sundaram Liquid Fund	0.45%	2.91%	6.46%	7.03%	5.94%	6.11%
Mirae Asset Liquid Fund	0.43%	2.9%	6.42%	7.02%	5.93%	6.17%
Axis Liquid Fund	0.45%	2.93%	6.49%	7.05%	5.95%	6.23%

Fund name	Std. deviation	Beta	Sharpe	Sortino
DSP Liquidity Fund	0.19	0.21	3.52	4.97
Quant Liquid Fund	0.19	0.21	2.92	4.15
Mahindra Manulife Liquid Fund	0.19	0.22	3.64	5.39
Sundaram Liquid Fund	0.2	0.21	3.34	4.72
Mirae Asset Liquid Fund	0.2	0.23	3.31	5.82
Axis Liquid Fund	0.19	0.21	3.56	5.46

Fund name	ETM Rank	AUM	Fund age	Expense ratio
DSP Liquidity Fund	N.A.	17,777 Cr	13 yrs 1 m	0.12%
Quant Liquid Fund	N.A.	1,199 Cr	13 yrs 1 m	0.23%
Mahindra Manulife Liquid Fund	N.A.	1,216 Cr	9 yrs 6 m	0.15%
Sundaram Liquid Fund	N.A.	6,371 Cr	13 yrs 1 m	0.14%
Mirae Asset Liquid Fund	N.A.	15,757 Cr	13 yrs 1 m	0.09%
Axis Liquid Fund	N.A.	35,653 Cr	13 yrs 1 m	0.11%

View all Liquid funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.05 vs. 2.92 Underperformed at beating benchmark
Sharpe	3.52 vs. 2.97 Better risk-adjusted return
Beta	0.21 vs. 1.57 Less sensitive to market ups & downs
Standard deviation	0.19 vs. 0.16 More volatile performance

About this fund

About DSP Liquidity Fund

DSP Liquidity Direct-Growth is a Liquid mutual fund scheme from Dsp Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. DSP Liquidity Direct-Growth has ₹17,777 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of DSP Liquidity Direct-Growth as of 02/02/2026 is ₹3902.01. The fund has an expense ratio of 0.12%, which is close to what most other Liquid funds charge.

DSP Liquidity Direct-Growth returns of last 1-year are 6.47%. Since launch, it has delivered 6.82% average annual returns. The fund has doubled the money invested in it every 12 yrs.
DSP Liquidity Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in GOI, HDFC Bank Ltd., Punjab National Bank, Bank Of Baroda, Small Industries Devp. Bank of India Ltd..

...

Fund AUM	17,777 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Karan Mundhra

Mr. Mundra is a B. COM. and Charted Accountant (CA) He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Shalini Vasanta

Mr. Vasanta has done BA and MBA (Finance) Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst

Investment objective

The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.

DSP Mutual Fund details

No. of schemes	54 view all schemes
Total AUM	2,24,669 Cr as on Dec 31, 2025
Address	NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai, 400069
Phone	1800-208-4499 / 1800-200-4499

More funds from DSP Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
DSP Income Plus Arbitrage Omni FoF	N.A.	1,982 Cr	3.97%	9.07%
DSP Floater Fund	N.A.	449 Cr	7.03%	8.28%
DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund	N.A.	323 Cr	6.09%	7.99%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund	N.A.	2,034 Cr	7.73%	7.84%
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund	N.A.	88 Cr	7.57%	7.81%
DSP Short-term Fund	N.A.	3,906 Cr	7.05%	7.59%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of DSP Liquidity Direct-Growth?

The current Net Asset Value (NAV) of the DSP Liquidity Fund - Direct Growth plan is approximately ₹3902.005 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The DSP Liquidity Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 6.82% since inception.

DSP Liquidity Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.45%	7.02%	5.93%	6.2%	6.82%

How much does this mutual fund charge as expense ratio?

The DSP Liquidity Fund - Direct Growth has an expense ratio of 0.12%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The DSP Liquidity Fund currently has assets under management (AUM) or fund size valued at approximately 17,777 Cr as on Dec 31, 2025.

To whom does DSP Liquidity Fund lend to?

The top 3 debt holdings of DSP Liquidity Fund are as follows

Holding Name	Percentage of Portfolio
GOI	12.42%
HDFC Bank Ltd.	9.89%
Punjab National Bank	9.32%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The DSP Liquidity Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	96.53%
SOV	19.05%
AAA	1.03%

What is risk level of DSP Liquidity Fund?

This is a Liquid fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in DSP Liquidity Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for DSP Liquidity Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the DSP Liquidity Fund is complete.

How can I redeem my investments in DSP Liquidity Fund?

Redeeming your investments in the DSP Liquidity Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Liquid

#NA

Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.