PGIM India Liquid Fund Direct Plan-Growth

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

The PGIM India Liquid Fund Direct Plan-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 6.88% since inception. PGIM India Liquid Fund Direct Plan-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.82% 7.12% 5.79% 6.29% 6.88%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹350.1487+0.02% 1 day change	6.88% p.a.	App exclusive #NA View Ranked Funds	₹475 Cr

Historical NAV & returns

NAV: ₹350.1487 as on Oct 20, 2025

This fund Category average

PGIM India Liquid Fund overview

Expense ratio	0.12% as on Sep 30, 2025
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.!
AUM (Fund size)	₹475 Cr
Lock-in Period	Nil
Age	12 yrs 9 m since Jan 01, 2013
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

PGIM India 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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.47%	0.46%
3 Months	1.42%	1.4%
6 Months	3.0%	2.98%
1 Year	6.82%	6.72%
2 Years	7.15%	7.07%
3 Years	7.12%	7.03%
4 Years	6.42%	6.35%
5 Years	5.79%	5.72%
7 Years	5.85%	5.76%
10 Years	6.29%	6.2%

Asset allocationas on Sep 30, 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+ 87.36%

SOV 25.01%

AAA 5.27%

Others 0.47%

Top Debt Holdings

Reserve Bank of India 25.01%

Axis Bank Ltd. 10.42%

HDFC Bank Ltd. 10.41%

Canara Bank 10.38%

Allocation by Instruments

Certificate of Deposit 46.82%

Commercial Paper 40.54%

Treasury Bills 25.01%

Debenture 5.27%

Other Holdings

Others 0.47%

Detailed portfolio analysis

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

Alpha	1.18 vs. 2.9 Underperformed at beating benchmark
Sharpe	3.62 vs. 3.1 Better risk-adjusted return
Beta	0.32 vs. 1.47 Less sensitive to market ups & downs
Standard deviation	0.17 vs. 0.14 More volatile performance

Compare PGIM India Liquid Fund in detail with

About this fund

About PGIM India Liquid Fund

PGIM India Liquid Fund Direct Plan-Growth is a Liquid mutual fund scheme from Pgim India Mutual Fund. This fund has been in existence for 12 yrs 9 m, having been launched on 01/01/2013. PGIM India Liquid Fund Direct Plan-Growth has ₹475 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of PGIM India Liquid Fund Direct Plan-Growth as of 20/10/2025 is ₹350.15. The fund has an expense ratio of 0.12%, which is close to what most other Liquid funds charge.

PGIM India Liquid Fund Direct Plan-Growth returns of last 1-year are 6.86%. Since launch, it has delivered 6.88% average annual returns. The fund has doubled the money invested in it every 12 yrs.
PGIM India Liquid Fund Direct Plan-Growth 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 above 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, Axis Bank Ltd., HDFC Bank Ltd., Canara Bank, SBI Cards And Payment Services Ltd..

...

Fund AUM	475 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Puneet Pal

Mr. Pal is a B.Com (H) and MBA from SIBM Pune. Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Bhupesh Kalyani

Mr. Kalyani is a CA, ICWA and CISA. Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

Investment objective

The scheme aims to generate steady returns with high liquidity by investing in a portfolio of short-term , high quality money market and debt instruments. The fund would invest atleast 80% of the corpus in instruments with average maturity upto one year upto 20% of the corpus in instruments with average maturity greater than an year.

PGIM India Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	26,927 Cr as on Sep 30, 2025
Address	7th Floor, Radhe Empire, Chandavarkar Road Borivali (W), Mumbai Mumbai, 400092
Phone	+91 22 6159 5441 / 42 , 1800 209 7446

More funds from PGIM India Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
PGIM India Dynamic Bond Fund	N.A.	104 Cr	7.48%	8.38%
PGIM India Gilt Fund	N.A.	106 Cr	6.38%	8.12%
PGIM India Corporate Bond Fund	N.A.	88 Cr	8.66%	8.08%
PGIM India Money Market Fund	N.A.	158 Cr	7.57%	7.54%
PGIM India Ultra Short Duration Fund	N.A.	197 Cr	7.29%	7.34%
PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund	N.A.	26 Cr	8.29%	N.A.

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of PGIM India Liquid Fund Direct Plan-Growth?

The current Net Asset Value (NAV) of the PGIM India Liquid Fund - Direct Growth plan is approximately ₹350.1487 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The PGIM India Liquid Fund Direct Plan-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 6.88% since inception.

PGIM India Liquid Fund Direct Plan-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.82%	7.12%	5.79%	6.29%	6.88%

How much does this mutual fund charge as expense ratio?

The PGIM India Liquid Fund - Direct Growth has an expense ratio of 0.12%, 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 PGIM India Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 475 Cr as on Sep 30, 2025.

To whom does PGIM India Liquid Fund lend to?

The top 3 debt holdings of PGIM India Liquid Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	25.01%
Axis Bank Ltd.	10.42%
HDFC Bank Ltd.	10.41%

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 PGIM India Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	87.36%
SOV	25.01%
AAA	5.27%

What is risk level of PGIM India 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 do I invest in PGIM India Liquid Fund Direct Plan-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for PGIM India Liquid Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the PGIM India Liquid Fund is complete.

How can I redeem my investments in PGIM India Liquid Fund?

Redeeming your investments in the PGIM India 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 is one of the best in 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.