Liquid Funds Compared
Every liquid mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 35 liquid funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 6.4% a year. The highest 5-year return was Aditya Birla Sun Life Liquid Fund at 6.4% a year.
All liquid funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) |
|---|---|---|---|---|---|---|---|---|
| 1 | Aditya Birla Sun Life Liquid Fund | 6.5% | 7.0% | 6.4% | 6.2% | 6.3% | 6.8% | 0.21% |
| 2 | Axis Liquid Fund | 6.6% | 7.0% | 6.4% | 6.2% | 6.3% | 6.8% | 0.13% |
| 3 | Mahindra Manulife Liquid Fund | 6.5% | 7.0% | 6.4% | 6.2% | 6.3% | 6.8% | 0.15% |
| 4 | Edelweiss Liquid Fund | 6.5% | 7.0% | 6.4% | — | 6.2% | 6.8% | 0.10% |
| 5 | Bank Of India Liquid Fund | 6.5% | 7.0% | 6.4% | 6.1% | 6.4% | 6.8% | 0.09% |
| 6 | PGIM India Liquid Fund | 6.5% | 7.0% | 6.4% | 6.2% | 6.3% | 6.8% | 0.11% |
| 7 | Nippon India Liquid Fund | 6.5% | 7.0% | 6.4% | 6.2% | 6.3% | 6.8% | 0.20% |
| 8 | Union Liquid Fund | 6.5% | 7.0% | 6.4% | 5.7% | 6.3% | 6.8% | 0.07% |
| 9 | Franklin India Liquid Fund | 6.5% | 7.0% | 6.4% | 6.2% | 5.6% | 6.8% | 0.14% |
| 10 | DSP Liquid Fund | 6.5% | 7.0% | 6.4% | 6.1% | 6.3% | 6.8% | 0.12% |
| 11 | Baroda BNP Paribas Liquid Fund | 6.4% | 6.9% | 6.4% | 6.1% | 6.3% | 6.7% | 0.08% |
| 12 | Tata Liquid Fund | 6.5% | 7.0% | 6.4% | 6.1% | 6.3% | 6.8% | 0.23% |
| 13 | Mirae Asset Liquid Fund | 6.4% | 6.9% | 6.4% | 6.1% | 6.3% | 6.7% | 0.09% |
| 14 | Canara Robeco Liquid Fund | 6.4% | 6.9% | 6.4% | 6.0% | 6.3% | 6.8% | 0.08% |
| 15 | Bandhan Liquid Fund | 6.5% | 6.9% | 6.4% | 6.0% | 6.2% | 6.7% | 0.07% |
| 16 | Kotak Liquid Fund | 6.5% | 6.9% | 6.4% | 6.1% | 6.2% | 6.7% | 0.15% |
| 17 | Invesco India Liquid Fund | 6.5% | 6.9% | 6.4% | 6.1% | 6.3% | 6.7% | 0.15% |
| 18 | LIC MF Liquid Fund | 6.5% | 6.9% | 6.4% | 6.1% | 6.2% | 6.7% | 0.13% |
| 19 | ICICI Prudential Liquid Fund - | 6.4% | 6.9% | 6.4% | 6.1% | 6.3% | 6.7% | 0.20% |
| 20 | HDFC Liquid Fund | 6.5% | 6.9% | 6.3% | 6.1% | 6.3% | 6.7% | 0.20% |
| 21 | SBI Liquid Fund | 6.5% | 6.9% | 6.3% | 6.1% | 6.2% | 6.7% | 0.20% |
| 22 | Trustmf Liquid Fund | 6.4% | 6.9% | 6.3% | — | 6.2% | 6.7% | 0.10% |
| 23 | JM Liquid Fund | 6.4% | 6.9% | 6.3% | 6.1% | 6.2% | 6.7% | 0.16% |
| 24 | Quant Liquid Fund | 6.1% | 6.8% | 6.3% | 6.3% | 6.0% | 6.6% | 0.31% |
| 25 | Groww Liquid Fund | 6.5% | 7.0% | 6.3% | 6.0% | 6.2% | 6.7% | 0.11% |
| 26 | WhiteOak Capital Liquid Fund | 6.4% | 6.9% | 6.2% | — | 6.1% | 6.6% | 0.13% |
| 27 | 360 ONE Liquid Fund | 6.3% | 6.7% | 6.2% | 5.7% | 6.1% | 6.6% | 0.23% |
| 28 | ITI Liquid Fund | 6.1% | 6.7% | 6.1% | — | 6.0% | 6.5% | 0.16% |
| 29 | Parag Parikh Liquid Fund | 6.4% | 6.7% | 6.1% | — | 6.0% | 6.5% | 0.11% |
| 30 | Quantum Liquid Fund | 5.9% | 6.5% | 6.0% | 5.6% | 5.9% | 6.3% | 0.15% |
| 31 | UTI - Liquid Fund | -89.3% | -50.4% | -32.9% | -15.7% | -32.9% | -68.5% | 0.15% |
| — | Bajaj Finserv Liquid Fund | 6.5% | 7.0% | — | — | — | — | 0.08% |
| — | HSBC Liquid Fund | — | — | — | — | 6.1% | — | 0.13% |
| — | Navi Liquid Fund | — | — | — | — | -57.8% | — | 0.26% |
| — | Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) | 6.6% | 7.0% | — | — | — | — | 0.14% |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
Key takeaways
Frequently asked questions
Which liquid fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Aditya Birla Sun Life Liquid Fund (direct plan) at 6.4% a year. Past returns do not predict future ones.
What is the average return of liquid funds?
The median direct plan returned 6.4% a year over 5 years to 30 Sep 2026.