HDFC Liquid Direct Plan-Growth

Q: What are the returns of HDFC Liquid Fund?

The HDFC Liquid Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 6.84% since inception. HDFC Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.34% 6.86% 5.47% 6.31% 6.84%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹5118.7904+0.02% 1 day change	6.84% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹5118.7904 as on Apr 23, 2025

This fund Category average

HDFC Liquid Fund overview

VRO rating	2
Expense ratio	0.2% as on Mar 31, 2025
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)	₹50,517 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP ₹500 & Lump. ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Liquid 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 Apr 24, 2025

Period	This fund	Category average
1 month	0.73%	0.69%
3 months	1.88%	1.84%
6 months	3.66%	3.62%
1 year	7.34%	7.31%
3 years	6.86%	6.84%
5 years	5.47%	5.47%
7 years	5.85%	5.85%
10 years	6.31%	6.31%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 94.54%

SOV 19.6%

AAA 6.17%

Others 0.36%

Top Debt Holdings

Reserve Bank of India 17.62%

National Bank For Agriculture & Rural Development 11.91%

Reliance Retail Ventures Ltd. 11.0%

Punjab National Bank 9.91%

Allocation by Instruments

Commercial Paper 59.52%

Certificate of Deposit 35.019999999999996%

Treasury Bills 17.619999999999997%

Debenture 5.779999999999999%

Other Holdings

Others 0.36%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
HDFC Liquid Fund	N.A.	₹50,517 Crs	12 yrs 3 m	0.2%
Mirae Asset Liquid Fund	N.A.	₹8,684 Crs	12 yrs 3 m	0.09%
Sundaram Liquid Fund	N.A.	₹5,477 Crs	12 yrs 3 m	0.13%
JM Liquid Fund	N.A.	₹2,806 Crs	12 yrs 3 m	0.16%
Navi Liquid Fund	N.A.	₹63 Crs	12 yrs 3 m	0.15%
Mahindra Manulife Liquid Fund	N.A.	₹1,026 Crs	8 yrs 9 m	0.15%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Liquid Fund	0.73%	3.66%	7.34%	6.86%	5.47%	6.31%
Mirae Asset Liquid Fund	0.7%	3.65%	7.38%	6.91%	5.54%	6.31%
Sundaram Liquid Fund	0.71%	3.7%	7.43%	6.93%	5.54%	6.27%
JM Liquid Fund	0.68%	3.6%	7.27%	6.84%	5.47%	6.35%
Navi Liquid Fund	0.56%	3.38%	6.9%	6.58%	5.32%	6.24%
Mahindra Manulife Liquid Fund	0.69%	3.65%	7.38%	6.94%	5.58%	5.43%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Liquid Fund	0.31	0.67	1.34	1.32
Mirae Asset Liquid Fund	0.3	0.64	1.55	1.57
Sundaram Liquid Fund	0.3	0.64	1.58	1.6
JM Liquid Fund	0.29	0.61	1.41	1.37
Navi Liquid Fund	0.24	0.51	0.81	0.83
Mahindra Manulife Liquid Fund	0.29	0.63	1.7	1.67

View all Liquid funds

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

Alpha	1.8 vs. 2.93 Underperformed at beating benchmark
Sharpe	1.34 vs. 2.95 Poor risk-adjusted returns
Beta	0.67 vs. 0.92 Less sensitive to market ups & downs
Standard deviation	0.31 vs. 0.28 More volatile performance

Compare HDFC Liquid Fund in detail with

About this fund

About HDFC Liquid Fund

HDFC Liquid Direct Plan-Growth is a Liquid mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. HDFC Liquid Direct Plan-Growth has ₹50,517 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Liquid Direct Plan-Growth as of 23/04/2025 is ₹5118.79. The fund has an expense ratio of 0.2%, which is close to what most other Liquid funds charge.

HDFC Liquid Direct Plan-Growth returns of last 1-year are 7.36%. Since launch, it has delivered 6.84% average annual returns. The fund has doubled the money invested in it every 11 yrs.
HDFC Liquid Direct Plan-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 below 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 Reserve Bank of India, National Bank For Agriculture & Rural Development, Reliance Retail Ventures Ltd., Punjab National Bank, Reliance Jio Infocomm Ltd..

...

Fund AUM	₹50,517 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Swapnil Jangam

Mr. Jangam has done B.Com, CA and CFA Level III. Prior to Joining HDFC Mutual Fund, he has worked with M.P. Chitale and Co. and EY.

Anupam Joshi

Mr. Joshi is a PGDM in Business Management. Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.

Investment objective

The scheme seeks to generate income through a portfolio comprising money market and debt instruments.

HDFC Mutual Fund details

No. of schemes	75 view all schemes
Total AUM	₹7,80,967 Crs as on Mar 31, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
HDFC Dynamic Debt Fund	N.A.	₹778 Crs	11.8%	8.43%
HDFC Gilt Fund	N.A.	₹2,907 Crs	12.59%	8.35%
HDFC Income Fund	N.A.	₹885 Crs	11.83%	8.29%
HDFC Long Duration Debt Fund	N.A.	₹5,569 Crs	13.76%	N.A.
HDFC Nifty G-Sec July 2031 Index	N.A.	₹695 Crs	12.49%	N.A.
HDFC Medium Term Debt Fund	N.A.	₹3,861 Crs	10.39%	7.85%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Liquid Fund?

The current Net Asset Value (NAV) of the HDFC Liquid Fund - Direct Growth plan is approximately ₹5118.7904 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The HDFC Liquid Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 6.84% since inception.

HDFC Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.34%	6.86%	5.47%	6.31%	6.84%

How much does this mutual fund charge as expense ratio?

The HDFC Liquid Fund - Direct Growth has an expense ratio of 0.2%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The HDFC Liquid Fund currently has assets under management (AUM) or fund size valued at approximately ₹50,517 Crs crore as of Mar 31, 2025.

To whom does HDFC Liquid Fund lend to?

The top 3 debt holdings of HDFC Liquid Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	17.62%
National Bank For Agriculture & Rural Development	11.91%
Reliance Retail Ventures Ltd.	11.0%

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 HDFC Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	94.54%
SOV	19.6%
AAA	6.17%

What is risk level of HDFC Liquid 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 HDFC Liquid Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 HDFC Liquid Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HDFC Liquid Fund is complete.

How can I redeem my investments in HDFC Liquid Fund?

Redeeming your investments in HDFC Liquid Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

in Liquid

#NA

Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
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.