Parag Parikh Liquid Fund

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

The Parag Parikh Liquid Fund is a 7 yrs 7 m old fund and has delivered average annual returns of 5.32% since inception. Parag Parikh Liquid Fund Returns 1-Year 3-Year 5-Year Since Inception 6.29% 6.59% 5.42% 5.32%

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

The Parag Parikh 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 Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1483.3489+0.01% 1 day change	5.32% p.a.	App exclusive #NA View Ranked Funds	₹4,044 Cr

Historical NAV & returns

NAV: ₹1483.3489 as on Dec 04, 2025

This fund Category average

Parag Parikh Liquid Fund overview

AUM (Fund size)	₹4,044 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	7 yrs 7 m since May 09, 2018
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.2% as on Nov 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

Parag Parikh 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 Dec 05, 2025

Period	This fund	Category average
1 Month	0.44%	0.44%
3 Months	1.37%	1.37%
6 Months	2.81%	2.83%
1 Year	6.29%	6.44%
2 Years	6.62%	6.85%
3 Years	6.59%	6.85%
4 Years	6.02%	6.25%
5 Years	5.42%	5.62%
7 Years	5.26%	5.55%

Asset allocationas on Oct 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+ 73.22297958%

SOV 20.80499877%

AAA 3.8344713%

Cash & Call Money 1.89035404%

Top Debt Holdings

Reserve Bank of India 20.79%

Canara Bank 8.62%

Union Bank of India 7.98%

Indian Oil Corporation Ltd. 7.88%

Allocation by Instruments

Certificate of Deposit 48.88269846%

Commercial Paper 24.34028112%

Treasury Bills 20.80499877%

Debenture 3.8344713%

Other Holdings

Others 1.57%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Parag Parikh Liquid Fund	0.44%	2.81%	6.29%	6.59%	5.42%	N.A.
Canara Robeco Liquid Fund	0.45%	2.89%	6.6%	7.0%	5.74%	6.04%
Bank of India Liquid Fund	0.46%	2.92%	6.63%	7.03%	5.78%	6.15%
Mirae Asset Liquid Fund	0.45%	2.88%	6.55%	6.96%	5.74%	6.09%
JM Liquid Fund	0.44%	2.86%	6.47%	6.88%	5.69%	6.12%
Navi Liquid Fund	0.43%	2.77%	6.15%	6.62%	5.6%	6.02%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Parag Parikh Liquid Fund	0.15	0.31	1.3	2.1
Canara Robeco Liquid Fund	0.18	0.39	3.18	4.3
Bank of India Liquid Fund	0.17	0.38	3.51	4.42
Mirae Asset Liquid Fund	0.18	0.37	3.01	4.12
JM Liquid Fund	0.16	0.34	2.87	3.71
Navi Liquid Fund	0.16	0.26	1.36	1.79

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Parag Parikh Liquid Fund	N.A.	4,044 Cr	7 yrs 7 m	0.2%
Canara Robeco Liquid Fund	N.A.	7,328 Cr	17 yrs 5 m	0.21%
Bank of India Liquid Fund	N.A.	1,513 Cr	17 yrs 5 m	0.14%
Mirae Asset Liquid Fund	N.A.	14,284 Cr	16 yrs 11 m	0.19%
JM Liquid Fund	N.A.	1,374 Cr	27 yrs 11 m	0.26%
Navi Liquid Fund	N.A.	66 Cr	15 yrs 9 m	0.2%

View all Liquid funds

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

Alpha	0.72 vs. 2.78 Underperformed at beating benchmark
Sharpe	1.3 vs. 2.92 Poor risk-adjusted returns
Beta	0.31 vs. 1.29 Less sensitive to market ups & downs
Standard deviation	0.15 vs. 0.15 More stable returns

Compare Parag Parikh Liquid Fund in detail with

About this fund

About Parag Parikh Liquid Fund

Parag Parikh Liquid Fund is a Liquid mutual fund scheme from Ppfas Mutual Fund. This fund has been in existence for 7 yrs 7 m, having been launched on 09/05/2018. Parag Parikh Liquid Fund has ₹4,044 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Parag Parikh Liquid Fund as of 04/12/2025 is ₹1483.35. The fund has an expense ratio of 0.2%, which is close to what most other Liquid funds charge.

Parag Parikh Liquid Fund returns of last 1-year are 6.30%. Since launch, it has delivered 5.34% average annual returns.
Parag Parikh 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 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, Canara Bank, Union Bank of India, Indian Oil Corporation Ltd., Axis Bank Ltd..

...

Fund AUM	4,044 Cr as on Oct 31, 2025
Scheme document	View Scheme Document

Fund managers

Mansi Kariya

Ms. Karia has done B.Com, MS Finance and CFA Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research

Tejas Soman

Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets - From ?NISM? Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers

Aishwarya Dhar

MBA - Finance Prior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,

Investment objective

The Scheme seeks to deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments.

PPFAS Mutual Fund details

No. of schemes	6 view all schemes
Total AUM	1,32,181 Cr as on Sep 30, 2025
Address	702-705, 7th Floor, 349 Business Point Commercial Premises Co-op. Society Ltd., Western Express Highway, Andheri (East), Mumbai, 400069
Email	mf@ppfas.com
Phone	022 6906 6100, 91 22 6140 6555

Frequently asked questions

What is the current NAV of Parag Parikh Liquid Fund?

The current Net Asset Value (NAV) of the Parag Parikh Liquid Fund plan is approximately ₹1483.3489 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The Parag Parikh Liquid Fund is a 7 yrs 7 m old fund and has delivered average annual returns of 5.32% since inception.

Parag Parikh Liquid Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.29%	6.59%	5.42%	5.32%

How much does this mutual fund charge as expense ratio?

The Parag Parikh 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 Parag Parikh Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 4,044 Cr as on Oct 31, 2025.

To whom does Parag Parikh Liquid Fund lend to?

The top 3 debt holdings of Parag Parikh Liquid Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	20.79%
Canara Bank	8.62%
Union Bank of India	7.98%

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 Parag Parikh Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	73.22297958%
SOV	20.80499877%
AAA	3.8344713%

What is risk level of Parag Parikh 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 Parag Parikh Liquid Fund?

Redeeming your investments in the Parag Parikh 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 Outperformance: This fund has generated highest return amongst Liquid funds in the last 3 Months .
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.