JM Liquid Fund

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

The JM Liquid Fund is a 28 yrs 1 m old fund and has delivered average annual returns of 7.36% since inception. JM Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.24% 6.83% 5.78% 6.09% 7.36%

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

The JM Liquid Fund has an expense ratio of 0.26% , 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)
₹73.6387+0.03% 1 day change	7.36% p.a.	App exclusive #NA View Ranked Funds	₹2,285 Cr

Historical NAV & returns

NAV: ₹73.6387 as on Feb 02, 2026

This fund Category average

JM Liquid Fund overview

AUM (Fund size)	₹2,285 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	28 yrs 1 m since Dec 23, 1997
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.26% 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

JM 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	0.43%	0.44%
3 Months	1.39%	1.27%
6 Months	2.82%	2.69%
1 Year	6.24%	6.09%
2 Years	6.72%	6.65%
3 Years	6.83%	6.76%
4 Years	6.4%	6.32%
5 Years	5.78%	5.69%
7 Years	5.58%	5.49%
10 Years	6.09%	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+ 75.20272014%

SOV 12.0971654%

Cash & Call Money 9.93135818%

AAA 2.19292966%

Top Debt Holdings

Others 12.94%

Reserve Bank of India 12.1%

Indian Bank 8.67%

Bank Of Baroda 8.66%

Allocation by Instruments

Certificate of Deposit 51.38193868%

Commercial Paper 23.82078146%

CBLO 12.94320423%

Treasury Bills 12.0971654%

Other Holdings

Others 0.36%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Liquid Fund	0.43%	2.82%	6.24%	6.83%	5.78%	6.09%
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%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Liquid Fund	0.18	0.21	2.66	3.59
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

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Liquid Fund	N.A.	2,285 Cr	28 yrs 1 m	0.26%
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%

View all Liquid funds

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

Alpha	0.87 vs. 2.81 Underperformed at beating benchmark
Sharpe	2.66 vs. 2.63 Better risk-adjusted return
Beta	0.21 vs. 1.66 Less sensitive to market ups & downs
Standard deviation	0.18 vs. 0.16 More volatile performance

Compare JM Liquid Fund in detail with

About this fund

About JM Liquid Fund

JM Liquid Fund is a Liquid mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 28 yrs 1 m, having been launched on 23/12/1997. JM Liquid Fund has ₹2,285 Crores worth of assets under management (AUM) as on 31/12/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Liquid Fund as of 02/02/2026 is ₹73.64. The fund has an expense ratio of 0.26%, which is higher than what most other Liquid funds charge.

JM Liquid Fund returns of last 1-year are 6.26%. Since launch, it has delivered 7.36% average annual returns. The fund has doubled the money invested in it every 12 yrs.
JM 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 below average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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, Indian Bank, Bank Of Baroda, Export-Import Bank Of India, Kotak Mahindra Bank Ltd..

...

Fund AUM	2,285 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Naghma Khoja

She is B.Com, CA and CFA Before joining JM Financial AMC, she was associated with Karvy Capital Limited.

Ruchi Fozdar

Ms. Ruchi is a graduate in science and PGDBM in finance Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund

Killol Pandya

Mr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research. Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.

Investment objective

The scheme seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market securities with maturity of upto 91 days only.

JM Financial Mutual Fund details

No. of schemes	16 view all schemes
Total AUM	14,344 Cr as on Dec 31, 2025
Address	Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, 400025
Phone	022-33797777 / 1800-103-8345

More funds from JM Financial Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
JM Low Duration Fund	N.A.	170 Cr	6.76%	6.91%
JM Dynamic Bond Fund	N.A.	58 Cr	5.47%	6.73%
JM Medium to Long Duration Fund	N.A.	31 Cr	5.17%	6.65%
JM Short Duration Fund	N.A.	86 Cr	6.41%	6.55%
JM Overnight Fund	N.A.	113 Cr	5.48%	6.23%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of JM Liquid Fund?

The current Net Asset Value (NAV) of the JM Liquid Fund plan is approximately ₹73.6387 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The JM Liquid Fund is a 28 yrs 1 m old fund and has delivered average annual returns of 7.36% since inception.

JM Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.24%	6.83%	5.78%	6.09%	7.36%

How much does this mutual fund charge as expense ratio?

The JM Liquid Fund has an expense ratio of 0.26%, 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 JM Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 2,285 Cr as on Dec 31, 2025.

To whom does JM Liquid Fund lend to?

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

Holding Name	Percentage of Portfolio
Others	12.94%
Reserve Bank of India	12.1%
Indian Bank	8.67%

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 JM Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	75.20272014%
SOV	12.0971654%
Cash & Call Money	9.93135818%

What is risk level of JM 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 JM Liquid Fund?

Redeeming your investments in the JM 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 is one of the best in protecting against volatility in it's category.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's 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.