ICICI Prudential Liquid Fund

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

The ICICI Prudential Liquid Fund is a 20 yrs 2 m old fund and has delivered average annual returns of 7.09% since inception. ICICI Prudential Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.32% 6.91% 5.8% 6.11% 7.09%

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

The ICICI Prudential Liquid Fund has an expense ratio of 0.31% , 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)
₹399.7042+0.02% 1 day change	7.09% p.a.	App exclusive #NA View Ranked Funds	₹45,244 Cr

Historical NAV & returns

NAV: ₹399.7042 as on Feb 02, 2026

This fund Category average

ICICI Prudential Liquid Fund overview

AUM (Fund size)	₹45,244 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	20 yrs 2 m since Nov 17, 2005
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.31% 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

ICICI Prudential 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	0.45%	0.44%
3 Months	1.42%	1.27%
6 Months	2.86%	2.69%
1 Year	6.32%	6.09%
2 Years	6.83%	6.65%
3 Years	6.91%	6.76%
4 Years	6.44%	6.32%
5 Years	5.8%	5.69%
7 Years	5.63%	5.49%
10 Years	6.11%	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+ 83.61683285%

SOV 16.7303922%

AAA 5.48069645%

Others 0.31100512%

Top Debt Holdings

Reserve Bank of India 15.46%

HDFC Bank Ltd. 8.5%

Punjab National Bank 7.1%

Bank Of Baroda 5.07%

Allocation by Instruments

Certificate of Deposit 44.68502877000002%

Commercial Paper 38.93180408%

Treasury Bills 15.44908883%

Debenture 5.20395305%

Other Holdings

Others 0.31%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Liquid Fund	0.45%	2.86%	6.32%	6.91%	5.8%	6.11%
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
ICICI Prudential Liquid Fund	0.2	0.21	2.81	4.08
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
ICICI Prudential Liquid Fund	N.A.	45,244 Cr	20 yrs 2 m	0.31%
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	0.94 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 ICICI Prudential Liquid Fund in detail with

About this fund

About ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund is a Liquid mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 20 yrs 2 m, having been launched on 17/11/2005. ICICI Prudential Liquid Fund has ₹45,244 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 ICICI Prudential Liquid Fund as of 02/02/2026 is ₹399.70. The fund has an expense ratio of 0.31%, which is higher than what most other Liquid funds charge.

ICICI Prudential Liquid Fund returns of last 1-year are 6.34%. Since launch, it has delivered 7.09% average annual returns. The fund has doubled the money invested in it every 12 yrs.
ICICI Prudential 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 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, HDFC Bank Ltd., Punjab National Bank, Bank Of Baroda, Indusind Bank Ltd..

...

Fund AUM	45,244 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Darshil Dedhia

Mr. Dedhia has done CA and CFA. He has been working with ICICI Prudential Mutual Fund since 2013.

Nikhil Kabra

Mr. Kabra is a B.Com and Chartered Accountant. Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Investment objective

The scheme seeks reasonable returns, commensurate with low risk levels while providing a high level of liquidity. Approximately 80 per cent of the corpus would be invested in money market securities, while the balance would be placed in high quality debt instruments.

ICICI Prudential Mutual Fund details

No. of schemes	104 view all schemes
Total AUM	11,30,333 Cr as on Dec 31, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

More funds from ICICI Prudential Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
ICICI Prudential Income Plus Arbitrage Omni FoF	N.A.	2,473 Cr	6.53%	10.94%
ICICI Prudential Credit Risk Fund	N.A.	5,920 Cr	8.96%	8.42%
ICICI Prudential Nifty G-Sec Dec 2030 Index Fund	N.A.	878 Cr	7.1%	7.84%
ICICI Prudential Medium Term Bond Fund	N.A.	5,708 Cr	8.1%	7.84%
ICICI Prudential Nifty SDL Dec 2028 Index Fund	N.A.	860 Cr	7.37%	7.82%
ICICI Prudential Floating Interest Fund	N.A.	7,282 Cr	7.35%	7.76%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Liquid Fund?

The current Net Asset Value (NAV) of the ICICI Prudential Liquid Fund plan is approximately ₹399.7042 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The ICICI Prudential Liquid Fund is a 20 yrs 2 m old fund and has delivered average annual returns of 7.09% since inception.

ICICI Prudential Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.32%	6.91%	5.8%	6.11%	7.09%

How much does this mutual fund charge as expense ratio?

The ICICI Prudential Liquid Fund has an expense ratio of 0.31%, 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 ICICI Prudential Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 45,244 Cr as on Dec 31, 2025.

To whom does ICICI Prudential Liquid Fund lend to?

The top 3 debt holdings of ICICI Prudential Liquid Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	15.46%
HDFC Bank Ltd.	8.5%
Punjab National Bank	7.1%

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 ICICI Prudential Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	83.61683285%
SOV	16.7303922%
AAA	5.48069645%

What is risk level of ICICI Prudential 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 ICICI Prudential Liquid Fund?

Redeeming your investments in the ICICI Prudential 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

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.