HDFC Liquid Fund

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

The HDFC Liquid Fund is a 25 yrs old fund and has delivered average annual returns of 6.82% since inception. HDFC Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.64% 6.96% 5.62% 6.09% 6.82%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Liquid Fund has an expense ratio of 0.28% , 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.

NAV as of Oct 22, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹5213.7715+0.02% 1 day change	6.82% p.a.	App exclusive #NA View Ranked Funds	₹56,062 Cr

Historical NAV & returns

NAV: ₹5213.7715 as on Oct 22, 2025

This fund Category average

HDFC Liquid Fund overview

AUM (Fund size)	₹56,062 Cr
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.!
Lock-in Period	Nil
Age	25 yrs since Oct 17, 2000
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.28% as on Sep 30, 2025
Plan type	Regular
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 Oct 26, 2025

Period	This fund	Category average
1 Month	0.44%	0.44%
3 Months	1.36%	1.36%
6 Months	2.91%	2.9%
1 Year	6.64%	6.58%
2 Years	7.0%	6.94%
3 Years	6.96%	6.91%
4 Years	6.26%	6.23%
5 Years	5.62%	5.61%
7 Years	5.65%	5.65%
10 Years	6.09%	6.11%

Asset allocationas on Sep 30, 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+ 80.98%

SOV 17.7%

AAA 6.32%

Others 0.34%

Top Debt Holdings

Reserve Bank of India 15.53%

National Bank For Agriculture & Rural Development 7.78%

Bank Of Baroda 7.77%

Canara Bank 4.73%

Allocation by Instruments

Commercial Paper 51.440000000000005%

Certificate of Deposit 29.54%

Treasury Bills 15.53%

Debenture 3.12%

Other Holdings

Others 0.34%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Liquid Fund	0.44%	2.91%	6.64%	6.96%	5.62%	6.09%
Canara Robeco Liquid Fund	0.45%	2.93%	6.69%	7.02%	5.68%	6.06%
Bank of India Liquid Fund	0.45%	2.97%	6.72%	7.05%	5.72%	6.17%
Mirae Asset Liquid Fund	0.44%	2.94%	6.65%	6.98%	5.68%	6.09%
JM Liquid Fund	0.44%	2.9%	6.57%	6.9%	5.62%	6.14%
Navi Liquid Fund	0.41%	2.79%	6.25%	6.64%	5.54%	6.04%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Liquid Fund	0.17	0.36	2.62	3.61
Canara Robeco Liquid Fund	0.17	0.34	3.07	4.13
Bank of India Liquid Fund	0.16	0.34	3.38	4.24
Mirae Asset Liquid Fund	0.17	0.33	2.82	3.92
JM Liquid Fund	0.15	0.29	2.7	3.53
Navi Liquid Fund	0.15	0.23	1.1	1.45

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Liquid Fund	N.A.	56,062 Cr	25 yrs	0.28%
Canara Robeco Liquid Fund	N.A.	6,399 Cr	17 yrs 3 m	0.21%
Bank of India Liquid Fund	N.A.	1,360 Cr	17 yrs 3 m	0.14%
Mirae Asset Liquid Fund	N.A.	11,368 Cr	16 yrs 9 m	0.19%
JM Liquid Fund	N.A.	1,621 Cr	27 yrs 10 m	0.26%
Navi Liquid Fund	N.A.	62 Cr	15 yrs 8 m	0.2%

View all Liquid funds

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

Alpha	1.09 vs. 2.9 Underperformed at beating benchmark
Sharpe	2.62 vs. 2.94 Poor risk-adjusted returns
Beta	0.36 vs. 1.55 Less sensitive to market ups & downs
Standard deviation	0.17 vs. 0.15 More volatile performance

Compare HDFC Liquid Fund in detail with

About this fund

About HDFC Liquid Fund

HDFC Liquid Fund is a Liquid mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 25 yrs, having been launched on 17/10/2000. HDFC Liquid Fund has ₹56,062 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Liquid Fund as of 22/10/2025 is ₹5213.77. The fund has an expense ratio of 0.28%, which is higher than what most other Liquid funds charge.

HDFC Liquid Fund returns of last 1-year are 6.70%. Since launch, it has delivered 6.82% average annual returns. The fund has doubled the money invested in it every 12 yrs.
HDFC Liquid Fund 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 better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India, National Bank For Agriculture & Rural Development, Bank Of Baroda, Canara Bank, Bank of India.

...

Fund AUM	56,062 Cr as on Sep 30, 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.

Investment objective

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

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 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	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	1,725 Cr	1.35%	12.5%
HDFC Nifty G-Sec July 2031 Index	N.A.	677 Cr	8.79%	N.A.
HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.77%	N.A.
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	966 Cr	7.83%	N.A.
HDFC Floating Rate Debt Fund	N.A.	15,446 Cr	8.0%	7.94%
HDFC Corporate Bond Fund	N.A.	35,574 Cr	7.9%	7.92%

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 plan is approximately ₹5213.7715 as of Oct 22, 2025.

What are the returns of this mutual fund scheme?

The HDFC Liquid Fund is a 25 yrs old fund and has delivered average annual returns of 6.82% since inception.

HDFC Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.64%	6.96%	5.62%	6.09%	6.82%

How much does this mutual fund charge as expense ratio?

The HDFC Liquid Fund has an expense ratio of 0.28%, 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 HDFC Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 56,062 Cr as on Sep 30, 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	15.53%
National Bank For Agriculture & Rural Development	7.78%
Bank Of Baroda	7.77%

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+	80.98%
SOV	17.7%
AAA	6.32%

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 can I redeem my investments in HDFC Liquid Fund?

Redeeming your investments in the HDFC Liquid 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 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.