Kotak Liquid Fund

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

The Kotak Liquid Fund is a 22 yrs 2 m old fund and has delivered average annual returns of 6.85% since inception. Kotak Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.32% 6.88% 5.78% 6.06% 6.85%

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

The Kotak 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)
₹5456.6457+0.02% 1 day change	6.85% p.a.	App exclusive #NA View Ranked Funds	₹29,817 Cr

Historical NAV & returns

NAV: ₹5456.6457 as on Feb 02, 2026

This fund Category average

Kotak Liquid Fund overview

AUM (Fund size)	₹29,817 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	22 yrs 2 m since Nov 04, 2003
Benchmark	NIFTY Liquid Index A-I
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.31% as on Feb 01, 2026
Plan type	Regular
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Kotak 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	1.4%	1.27%
6 Months	2.84%	2.69%
1 Year	6.32%	6.09%
2 Years	6.79%	6.65%
3 Years	6.88%	6.76%
4 Years	6.41%	6.32%
5 Years	5.78%	5.69%
7 Years	5.58%	5.49%
10 Years	6.06%	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+ 90.38%

SOV 21.65%

AAA 1.76%

Others 0.33%

Top Debt Holdings

Reserve Bank of India 19.97%

Bank Of Baroda 8.06%

Punjab National Bank 7.64%

Indusind Bank Ltd. 7.15%

Allocation by Instruments

Certificate of Deposit 51.579999999999984%

Commercial Paper 38.799999999999976%

Treasury Bills 19.97%

GOI Securities 1.68%

Other Holdings

Others 0.33%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Liquid Fund	0.43%	2.84%	6.32%	6.88%	5.78%	6.06%
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
Kotak Liquid Fund	0.2	0.23	2.68	3.97
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
Kotak Liquid Fund	N.A.	29,817 Cr	22 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	0.95 vs. 2.81 Underperformed at beating benchmark
Sharpe	2.68 vs. 2.63 Better risk-adjusted return
Beta	0.23 vs. 1.66 Less sensitive to market ups & downs
Standard deviation	0.2 vs. 0.16 More volatile performance

Compare Kotak Liquid Fund in detail with

About this fund

About Kotak Liquid Fund

Kotak Liquid Fund is a Liquid mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 22 yrs 2 m, having been launched on 04/11/2003. Kotak Liquid Fund has ₹29,817 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 Kotak Liquid Fund as of 02/02/2026 is ₹5456.65. The fund has an expense ratio of 0.31%, which is higher than what most other Liquid funds charge.

Kotak Liquid Fund returns of last 1-year are 6.34%. Since launch, it has delivered 6.85% average annual returns. The fund has doubled the money invested in it every 12 yrs.
Kotak 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, Bank Of Baroda, Punjab National Bank, Indusind Bank Ltd., Small Industries Devp. Bank of India Ltd..

...

Fund AUM	29,817 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Deepak Agrawal

Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.

Investment objective

The scheme seeks to provide a high level of liquidity along with reasonable returns through investments in money and other short-term debt instruments.

Kotak Mahindra Mutual Fund details

No. of schemes	84 view all schemes
Total AUM	5,88,199 Cr as on Dec 31, 2025
Address	The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai, 400051
Phone	022-61152100 / 1800-22-2626

More funds from Kotak Mahindra Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Kotak FMP Series 304 - 3119 Days	N.A.	119 Cr	6.42%	8.33%
Kotak Medium Term Fund	N.A.	2,015 Cr	8.11%	8.07%
Kotak Income Plus Arbitrage Omni FoF	N.A.	7,870 Cr	6.76%	7.89%
Kotak Floating Rate Fund	N.A.	3,368 Cr	7.79%	7.8%
Kotak Credit Risk Fund	N.A.	707 Cr	8.26%	7.65%
Kotak Nifty SDL Jul 2033 Index Fund	N.A.	190 Cr	5.17%	7.62%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Kotak Liquid Fund?

The current Net Asset Value (NAV) of the Kotak Liquid Fund plan is approximately ₹5456.6457 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak Liquid Fund is a 22 yrs 2 m old fund and has delivered average annual returns of 6.85% since inception.

Kotak Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.32%	6.88%	5.78%	6.06%	6.85%

How much does this mutual fund charge as expense ratio?

The Kotak 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 Kotak Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 29,817 Cr as on Dec 31, 2025.

To whom does Kotak Liquid Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	19.97%
Bank Of Baroda	8.06%
Punjab National Bank	7.64%

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 Kotak Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	90.38%
SOV	21.65%
AAA	1.76%

What is risk level of Kotak Liquid Fund?

This is a Liquid fund comes with 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 Kotak Liquid Fund?

Redeeming your investments in the Kotak 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.