Axis Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹3,160.53+0.03%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹2,966.76 — ₹3,158.58
- AUM
- ₹53,784 Cr
Axis Liquid Fund is a Liquid debt fund from Axis Mutual Fund with ₹53,784 Cr under management, launched in 2009. Over three years it has returned 6.6% a year, against 6.7% for its category. The expense ratio is 0.23% and the SEBI riskometer reading is Low to Moderate.
Performance
Axis Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.5% |
| 5Y | 6.7% | +0.5 pts | 6.3% | 6.5% |
| 7Y | 6.3% | +0.1 pts | 6.1% | 6.1% |
| 10Y | 6.1% | +0.1 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.2% | +0.1 pts | 3.1% | 3.1% |
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 6.6% | +0.1 pts | 6.4% | 6.4% |
| 3Y | 6.9% | +0.2 pts | 6.7% | 6.7% |
| 5Y | 6.4% | +0.1 pts | 6.3% | 6.2% |
| 7Y | 5.7% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.1% | +0.1 pts | 6.0% | 6.0% |
Since launch (8 Oct 2009): 7.0%
Calendar-year returns
Category average4.3%
3.3%
4.9%
7.1%
7.4%
6.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | +0.1 pts | 6.4% |
| 2024 | 7.4% | +0.1 pts | 7.3% |
| 2023 | 7.1% | +0.1 pts | 7.0% |
| 2022 | 4.9% | +0.1 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.3% | +0.2 pts | 4.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.26%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.22%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.04%
- 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.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Liquid Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 4.93 | 5.08 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 12.09 | 12.37 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.22 | 0.21 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt99.9%
- Other0.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Reserve Bank of India | Financial | 4.15% | ₹2,217 Cr | +6.61% | +1.02% | +3.43% |
| Others | Others | 3.40% | ₹1,818 Cr | +0.69% | +1.00% | +0.99% |
| LIC Housing Finance Ltd. | Financial | 2.28% | ₹1,217 Cr | +0.78% | +0.13% | +0.18% |
| NTPC Ltd. | Energy | 1.86% | ₹994 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.85% | ₹989 Cr | — | — | — |
| Reliance Retail Ventures Ltd. | Services | 1.81% | ₹969 Cr | +1.10% | — | +3.34% |
| HDFC Bank Ltd. | Financial | 1.77% | ₹946 Cr | +2.32% | +0.33% | +0.09% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.76% | ₹941 Cr | +1.98% | +1.95% | +0.71% |
| Tata Teleservices (Maharashtra) Ltd. | Communication | 1.48% | ₹793 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.48% | ₹791 Cr | +1.65% | +3.27% | — |
| Titan Company Ltd. | Consumer Discretionary | 1.40% | ₹748 Cr | +1.10% | — | +1.76% |
| Union Bank of India | Financial | 1.40% | ₹747 Cr | +0.44% | +0.33% | +0.70% |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 1.39% | ₹743 Cr | — | — | — |
| Central Bank of India | Financial | 1.39% | ₹741 Cr | +0.55% | — | — |
| Canara Bank | Financial | 1.02% | ₹544 Cr | +1.10% | +1.64% | +0.67% |
| ICICI Securities Ltd. | Financial | 1.02% | ₹544 Cr | +0.99% | +1.80% | +1.76% |
| IDFC First Bank Ltd. | Financial | 0.93% | ₹498 Cr | +0.55% | +0.08% | +2.10% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.93% | ₹496 Cr | — | — | — |
| Jio Credit Ltd. | Financial | 0.93% | ₹496 Cr | — | — | +0.18% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.93% | ₹496 Cr | — | — | +0.12% |
| Aditya Birla Capital Ltd. | Financial | 0.93% | ₹496 Cr | +0.22% | — | +0.88% |
| Tata Capital Ltd. | Financial | 0.93% | ₹495 Cr | +0.55% | — | — |
| Grasim Industries Ltd. | Materials | 0.92% | ₹494 Cr | — | — | — |
| Punjab & Sind Bank | Financial | 0.92% | ₹493 Cr | — | +1.63% | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.83% | ₹446 Cr | +0.17% | — | +0.70% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.78% | ₹419 Cr | — | +0.82% | +0.70% |
| Kotak Mahindra Securities Ltd. | Financial | 0.64% | ₹344 Cr | +0.33% | +1.64% | +1.05% |
| Tata Realty and Infrastructure Ltd. | Construction | 0.59% | ₹314 Cr | — | +0.57% | — |
| IIFL Finance Ltd. | Financial | 0.56% | ₹300 Cr | — | +0.65% | +0.88% |
| Network 18 Media & Investments Ltd. | Services | 0.55% | ₹297 Cr | — | — | +0.53% |
| Sikka Ports and Terminals Ltd. | Energy | 0.55% | ₹297 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | 0.55% | ₹296 Cr | — | — | — |
| DSP Finance Pvt Ltd. | Financial | 0.46% | ₹248 Cr | +0.44% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.46% | ₹248 Cr | +0.88% | +4.10% | +1.76% |
| Karur Vysya Bank Ltd. | Financial | 0.46% | ₹247 Cr | +1.10% | +0.66% | +0.88% |
| City Union Bank Ltd. | Financial | 0.46% | ₹247 Cr | +0.55% | — | — |
| Nuvama Clearing Services Ltd. | Financial | 0.37% | ₹199 Cr | +0.22% | — | — |
| Bajaj Financial Securities Ltd. | Financial | 0.37% | ₹198 Cr | +1.32% | +0.41% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.37% | ₹197 Cr | +0.66% | — | — |
| Tata Projects Ltd. | Construction | 0.37% | ₹197 Cr | +0.11% | +0.65% | +0.71% |
| Bank of India | Financial | 0.37% | ₹197 Cr | +0.78% | +0.66% | +1.75% |
| Sharekhan Ltd. | Financial | 0.37% | ₹197 Cr | +0.66% | +0.49% | — |
| Aditya Birla Housing Finance Ltd. | Financial | 0.36% | ₹192 Cr | — | +2.63% | +5.27% |
| Aditya Birla Money Ltd. | Financial | 0.28% | ₹148 Cr | — | — | — |
| Angel One Ltd. | Financial | 0.28% | ₹148 Cr | +0.44% | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.19% | ₹99.29 Cr | +0.05% | +0.33% | +0.18% |
| TVS Credit Services Ltd. | Financial | 0.19% | ₹99.19 Cr | — | — | — |
| Muthoot Fincorp Ltd. | Financial | 0.19% | ₹99.06 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.18% | ₹98.80 Cr | +0.66% | +0.33% | +1.58% |
| Export-Import Bank Of India | Financial | 0.18% | ₹98.80 Cr | +2.20% | +1.63% | +0.26% |
| Infina Finance Pvt. Ltd. | Financial | 0.18% | ₹98.73 Cr | +0.44% | +0.33% | — |
| Bank Of Baroda | Financial | 0.14% | ₹74.30 Cr | +1.10% | +1.64% | +3.51% |
| HDFC Securities Ltd. | Financial | 0.09% | ₹49.46 Cr | +0.33% | +0.82% | +0.70% |
| Indian Bank | Financial | 0.09% | ₹49.37 Cr | +2.64% | +0.57% | +1.93% |
| Nuvama Wealth Finance Ltd. | Financial | 0.09% | ₹49.31 Cr | +0.22% | +0.33% | +0.35% |
| Kotak Mahindra Prime Ltd. | Financial | 0.05% | ₹24.93 Cr | +0.11% | +0.02% | — |
| ICICI Home Finance Company Ltd. | Financial | 0.02% | ₹9.99 Cr | — | — | +0.44% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.01% | ₹5.01 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 0.01% | ₹4.97 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reserve Bank of India | 0.78% | 4.15% | +3.36% |
| LIC Housing Finance Ltd. | 0.11% | 2.18% | +2.07% |
| company:5500 | 1.18% | 0.00% | -1.18% |
| company:1643 | 1.18% | 0.00% | -1.18% |
| Reliance Retail Ventures Ltd. | 0.79% | 1.81% | +1.02% |
| Tata Teleservices (Maharashtra) Ltd. | 0.47% | 1.48% | +1.02% |
| Central Bank of India | 0.39% | 1.39% | +0.99% |
| company:14899 | 0.92% | 0.00% | -0.92% |
| Grasim Industries Ltd. | 0.00% | 0.92% | +0.92% |
| Punjab & Sind Bank | 0.00% | 0.92% | +0.92% |
| Kotak Mahindra Bank Ltd. | 0.00% | 0.83% | +0.83% |
| Birla Group Holdings Pvt. Ltd. | 0.00% | 0.78% | +0.78% |
| company:2119 | 0.67% | 0.00% | -0.67% |
| Network 18 Media & Investments Ltd. | 0.00% | 0.55% | +0.55% |
| Sikka Ports and Terminals Ltd. | 0.00% | 0.55% | +0.55% |
| Reliance Industries Ltd. | 0.00% | 0.55% | +0.55% |
| company:11779 | 0.55% | 0.00% | -0.55% |
| Small Industries Devp. Bank of India Ltd. | 0.47% | 0.92% | +0.45% |
| Kotak Mahindra Securities Ltd. | 0.24% | 0.64% | +0.41% |
| company:6306 | 0.39% | 0.00% | -0.39% |
| Motilal Oswal Financial Services Ltd. | 0.00% | 0.37% | +0.37% |
| Bank of India | 0.00% | 0.37% | +0.37% |
| Bajaj Finance Ltd. | 0.54% | 0.18% | -0.36% |
| Karur Vysya Bank Ltd. | 0.78% | 0.46% | -0.31% |
| NTPC Ltd. | 1.56% | 1.86% | +0.30% |
| Tata Steel Ltd. | 1.18% | 1.48% | +0.30% |
| Tata Projects Ltd. | 0.08% | 0.37% | +0.29% |
| National Bank For Agriculture & Rural Development | 0.20% | 0.46% | +0.27% |
| Titan Company Ltd. | 1.17% | 1.40% | +0.22% |
| Union Bank of India | 1.17% | 1.40% | +0.22% |
| Indian Bank | 0.32% | 0.09% | -0.22% |
| LIC Housing Finance Ltd. GDR/GDS | 1.17% | 1.39% | +0.22% |
| HDFC Bank Ltd. | 1.56% | 1.77% | +0.21% |
| company:12316 | 0.19% | 0.00% | -0.19% |
| ICICI Securities Ltd. | 0.85% | 1.02% | +0.16% |
| Canara Bank | 0.85% | 1.02% | +0.16% |
| IDFC First Bank Ltd. | 0.78% | 0.93% | +0.15% |
| Jio Credit Ltd. | 0.78% | 0.93% | +0.15% |
| Cholamandalam Investment and Finance Company Ltd. | 0.78% | 0.93% | +0.15% |
| Aditya Birla Capital Ltd. | 0.78% | 0.93% | +0.15% |
| Tata Capital Ltd. | 0.78% | 0.93% | +0.15% |
| Bharat Petroleum Corporation Ltd. | 0.78% | 0.93% | +0.15% |
| Nuvama Wealth and Investment Limited | 0.04% | 0.19% | +0.15% |
| ICICI Home Finance Company Ltd. | 0.16% | 0.02% | -0.14% |
| Export-Import Bank Of India | 0.32% | 0.18% | -0.13% |
| company:1272 | 0.12% | 0.00% | -0.12% |
| Sharekhan Ltd. | 0.47% | 0.37% | -0.10% |
| Tata Realty and Infrastructure Ltd. | 0.49% | 0.59% | +0.09% |
| Nuvama Wealth Finance Ltd. | 0.00% | 0.09% | +0.09% |
| IIFL Finance Ltd. | 0.47% | 0.56% | +0.09% |
| DSP Finance Pvt Ltd. | 0.39% | 0.46% | +0.07% |
| City Union Bank Ltd. | 0.39% | 0.46% | +0.07% |
| Nuvama Clearing Services Ltd. | 0.31% | 0.37% | +0.06% |
| Bajaj Financial Securities Ltd. | 0.31% | 0.37% | +0.06% |
| Infina Finance Pvt. Ltd. | 0.24% | 0.18% | -0.05% |
| Angel One Ltd. | 0.23% | 0.28% | +0.04% |
| Aditya Birla Money Ltd. | 0.23% | 0.28% | +0.04% |
| company:11821 | 0.04% | 0.00% | -0.04% |
| company:7202 | 0.04% | 0.00% | -0.04% |
| Others | 0.20% | 0.24% | +0.04% |
| Aditya Birla Housing Finance Ltd. | 0.19% | 0.23% | +0.04% |
| Hindustan Petroleum Corporation Ltd. | 1.89% | 1.85% | -0.04% |
| Kotak Mahindra Prime Ltd. | 0.08% | 0.05% | -0.03% |
| Muthoot Fincorp Ltd. | 0.16% | 0.19% | +0.03% |
| TVS Credit Services Ltd. | 0.16% | 0.19% | +0.03% |
| Bank Of Baroda | 0.12% | 0.14% | +0.02% |
| HDFC Securities Ltd. | 0.08% | 0.09% | +0.01% |
| Indian Railway Finance Corporation Ltd. | 0.00% | 0.01% | +0.01% |
| Piramal Finance Ltd. | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹6,685 Cr | 0.19% | 6.5% | 6.6% | 6.7% |
 Edelweiss Liquid Fund | ₹17,831 Cr | 0.19% | 6.5% | 6.6% | 6.7% |
 Franklin India Liquid Fund | ₹4,811 Cr | 0.20% | 6.6% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹2,326 Cr | 0.15% | 6.5% | 6.7% | 6.7% |
 PGIM India Liquid Fund | ₹1,773 Cr | 0.22% | 6.5% | 6.6% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.
Fund managers
- Aditya PagariaMr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
- Devang ShahMr. Shah is B.Com and ACA.Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
- Sachin JainMr. Jain is a B.Tech, AGMP (Management)Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.23% absolute | ₹60,000 | ₹61,938 | 3.23% | |
| 1 year6.48% annualised | ₹1,20,000 | ₹1,24,297 | 3.58% | |
| 3 years6.87% annualised | ₹3,60,000 | ₹4,00,804 | 11.33% | |
| 5 years6.40% annualised | ₹6,00,000 | ₹7,08,679 | 18.11% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Liquid Fund?
The NAV of Axis Liquid Fund is ₹3,160.53 as on 9 Nov 2026.
What is the expense ratio of Axis Liquid Fund?
The expense ratio of Axis Liquid Fund is 0.23% per year.
What is the minimum SIP amount for Axis Liquid Fund?
You can start a SIP in Axis Liquid Fund with ₹3,000 a month.
What returns has Axis Liquid Fund given?
Axis Liquid Fund has returned 6.5% over 1 year, 6.6% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on Axis Liquid Fund?
Lock-in: None. 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..
How risky is Axis Liquid Fund?
Axis Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages Axis Liquid Fund?
Axis Liquid Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,91,554 Cr under management.