HSBC Liquid Fund

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

The HSBC Liquid Fund is a 21 yrs 8 m old fund and has delivered average annual returns of 4.67% since inception. HSBC Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.33% 6.92% 5.82% 6.1% 4.67%

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

The HSBC Liquid Fund has an expense ratio of 0.2% , 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 Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹2691.9943+0.02% 1 day change	4.67% p.a.	App exclusive #NA View Ranked Funds	₹17,938 Cr

Historical NAV & returns

NAV: ₹2691.9943 as on Feb 02, 2026

This fund Category average

HSBC Liquid Fund overview

AUM (Fund size)	₹17,938 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	21 yrs 8 m since Jun 01, 2004
Benchmark	NIFTY Liquid Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.2% as on Feb 02, 2026
Plan type	Regular
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.44%	0.44%
3 Months	1.41%	1.27%
6 Months	2.85%	2.69%
1 Year	6.33%	6.09%
2 Years	6.82%	6.65%
3 Years	6.92%	6.76%
4 Years	6.46%	6.32%
5 Years	5.82%	5.69%
7 Years	5.62%	5.49%
10 Years	6.1%	6.12%

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+ 78.69%

SOV 20.63%

Cash & Call Money 0.39%

Others 0.29%

Top Debt Holdings

Reserve Bank of India 20.0%

Punjab National Bank 7.73%

Small Industries Devp. Bank of India Ltd. 7.6%

HDFC Bank Ltd. 7.05%

Allocation by Instruments

Commercial Paper 41.40999999999997%

Certificate of Deposit 37.28%

Treasury Bills 20.0%

Repo 2.01%

Other Holdings

Others 0.29%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Liquid Fund	0.44%	2.85%	6.33%	6.92%	5.82%	6.1%
Canara Robeco Liquid Fund	0.42%	2.85%	6.35%	6.94%	5.84%	6.01%
Mirae Asset Liquid Fund	0.42%	2.85%	6.3%	6.91%	5.83%	6.06%
Bank of India Liquid Fund	0.45%	2.9%	6.4%	6.99%	5.89%	6.12%
Mahindra Manulife Liquid Fund	0.43%	2.87%	6.32%	6.93%	5.85%	5.8%
JM Liquid Fund	0.43%	2.82%	6.24%	6.83%	5.78%	6.09%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Liquid Fund	0.2	0.21	2.81	5.24
Canara Robeco Liquid Fund	0.2	0.24	2.89	4.16
Mirae Asset Liquid Fund	0.2	0.23	2.79	4.37
Bank of India Liquid Fund	0.19	0.21	3.36	5.0
Mahindra Manulife Liquid Fund	0.19	0.22	3.05	4.5
JM Liquid Fund	0.18	0.21	2.66	3.59

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Liquid Fund	N.A.	17,938 Cr	21 yrs 8 m	0.2%
Canara Robeco Liquid Fund	N.A.	5,149 Cr	17 yrs 6 m	0.15%
Mirae Asset Liquid Fund	N.A.	15,757 Cr	17 yrs	0.19%
Bank of India Liquid Fund	N.A.	1,107 Cr	17 yrs 6 m	0.14%
Mahindra Manulife Liquid Fund	N.A.	1,216 Cr	9 yrs 6 m	0.26%
JM Liquid Fund	N.A.	2,285 Cr	28 yrs 1 m	0.26%

View all Liquid funds

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

Alpha	0.96 vs. 2.81 Underperformed at beating benchmark
Sharpe	2.81 vs. 2.63 Better risk-adjusted return
Beta	0.21 vs. 1.66 Less sensitive to market ups & downs
Standard deviation	0.2 vs. 0.16 More volatile performance

Compare HSBC Liquid Fund in detail with

About this fund

About HSBC Liquid Fund

HSBC Liquid Fund is a Liquid mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 21 yrs 8 m, having been launched on 01/06/2004. HSBC Liquid Fund has ₹17,938 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 HSBC Liquid Fund as of 02/02/2026 is ₹2691.99. The fund has an expense ratio of 0.2%, which is close to what most other Liquid funds charge.

HSBC Liquid Fund returns of last 1-year are 6.35%. Since launch, it has delivered 7.01% average annual returns. The fund has doubled the money invested in it every 12 yrs.
HSBC 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 high.
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, Punjab National Bank, Small Industries Devp. Bank of India Ltd., HDFC Bank Ltd., Canara Bank.

...

Fund AUM	17,938 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Shriram Ramanathan

Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA. Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.

Rahul Totla

Mr. Totla is an MBA (Finance) Prior to joining Edelweiss AMC he has worked with Godfrey Philips India.

Investment objective

The scheme aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities.

HSBC Mutual Fund details

No. of schemes	44 view all schemes
Total AUM	1,39,633 Cr as on Dec 31, 2025
Address	9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai, 400063

More funds from HSBC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HSBC Credit Risk Fund	N.A.	512 Cr	19.67%	10.94%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,963 Cr	7.48%	7.61%
HSBC Income Plus Arbitrage Active FoF	N.A.	670 Cr	5.31%	7.26%
HSBC Corporate Bond Fund	N.A.	6,292 Cr	7.02%	7.26%
HSBC Money Market Fund	N.A.	4,895 Cr	6.98%	7.16%
HSBC Ultra Short Duration Fund	N.A.	3,014 Cr	6.67%	7.03%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Liquid Fund?

The current Net Asset Value (NAV) of the HSBC Liquid Fund plan is approximately ₹2691.9943 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HSBC Liquid Fund is a 21 yrs 8 m old fund and has delivered average annual returns of 4.67% since inception.

HSBC Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.33%	6.92%	5.82%	6.1%	4.67%

How much does this mutual fund charge as expense ratio?

The HSBC Liquid Fund has an expense ratio of 0.2%, 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 HSBC Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 17,938 Cr as on Dec 31, 2025.

To whom does HSBC Liquid Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	20.0%
Punjab National Bank	7.73%
Small Industries Devp. Bank of India Ltd.	7.6%

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 HSBC Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	78.69%
SOV	20.63%
Cash & Call Money	0.39%

What is risk level of HSBC 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 HSBC Liquid Fund?

Redeeming your investments in the HSBC 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/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.