Axis Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 27 Sep 2026
- ₹3,138.09+0.03%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹2,946.57 — ₹3,137.19
- AUM
- ₹63,343 Cr
Axis Liquid Fund is a Liquid debt fund from Axis Mutual Fund with ₹63,343 Cr under management, launched in 2009. Over three years it has returned 6.7% a year, against 6.8% for its category. The expense ratio is 0.22% 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 | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 2Y | 6.5% | +0.2 pts | 6.4% | 6.3% |
| 3Y | 6.7% | −0.1 pts | 6.8% | 6.5% |
| 5Y | 6.7% | +0.5 pts | 6.2% | 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 | 1.6% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.4% | +0.1 pts | 3.3% | 3.3% |
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 6.7% | +0.2 pts | 6.5% | 6.5% |
| 3Y | 6.9% | +0.1 pts | 6.8% | 6.7% |
| 5Y | 6.3% | +0.1 pts | 6.2% | 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
0.23%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.20%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.03%
- 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 | 4.87 | 5.00 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 9.91 | 9.80 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.21 | 0.20 | 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 31 Aug 2026
Asset allocation
- Debt99.9%
- Other0.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.91% | ₹5,644 Cr | +0.54% | +0.69% | +0.75% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.27% | ₹1,440 Cr | +2.13% | +1.83% | +1.07% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.89% | ₹1,194 Cr | +1.33% | — | — |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 1.65% | ₹1,048 Cr | +1.40% | — | — |
| HDFC Bank Ltd. | Financial | 1.56% | ₹990 Cr | +1.40% | +0.23% | +2.67% |
| company:4842 | Energy | 1.56% | ₹989 Cr | +1.33% | — | — |
| Export-Import Bank Of India | Financial | 1.42% | ₹899 Cr | +1.78% | +1.01% | — |
| Tata Steel Ltd. | Metals & Mining | 1.18% | ₹749 Cr | +0.71% | +0.34% | +0.67% |
| Punjab National Bank | Financial | 1.18% | ₹748 Cr | — | +0.46% | +0.54% |
| Indian Oil Corporation Ltd. | Energy | 1.18% | ₹747 Cr | — | — | +0.87% |
| Titan Company Ltd. | Consumer Discretionary | 1.17% | ₹744 Cr | +0.44% | — | +1.34% |
| Union Bank of India | Financial | 1.17% | ₹743 Cr | +0.35% | +1.48% | — |
| company:18495 | Financial | 1.17% | ₹739 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 0.92% | ₹585 Cr | — | +0.78% | +2.66% |
| Canara Bank | Financial | 0.85% | ₹541 Cr | +0.04% | +1.13% | +1.33% |
| ICICI Securities Ltd. | Financial | 0.85% | ₹541 Cr | +0.79% | +0.11% | +1.33% |
| Reliance Retail Ventures Ltd. | Services | 0.79% | ₹499 Cr | +1.77% | +1.14% | +2.52% |
| Reserve Bank of India | Financial | 0.78% | ₹496 Cr | +0.88% | +0.70% | +1.74% |
| IDFC First Bank Ltd. | Financial | 0.78% | ₹495 Cr | 0.00% | — | +0.67% |
| company:514 | Energy | 0.78% | ₹494 Cr | — | — | — |
| company:19777 | Financial | 0.78% | ₹493 Cr | — | — | +0.13% |
| company:720 | Financial | 0.78% | ₹493 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.78% | ₹493 Cr | +0.87% | +1.14% | — |
| Aditya Birla Capital Ltd. | Financial | 0.78% | ₹493 Cr | +0.44% | +1.14% | +1.34% |
| Tata Capital Ltd. | Financial | 0.78% | ₹492 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 0.67% | ₹425 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.67% | ₹424 Cr | +0.89% | +5.65% | +1.34% |
| Bajaj Finance Ltd. | Financial | 0.54% | ₹345 Cr | +0.61% | +0.45% | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.51% | ₹325 Cr | — | — | — |
| Tata Realty and Infrastructure Ltd. | Construction | 0.49% | ₹312 Cr | +0.31% | — | +0.43% |
| Sharekhan Ltd. | Financial | 0.47% | ₹300 Cr | +0.27% | — | — |
| IIFL Finance Ltd. | Financial | 0.47% | ₹298 Cr | +0.27% | +0.45% | +0.66% |
| company:5840 | Communication | 0.47% | ₹296 Cr | — | — | — |
| company:6306 | Financial | 0.39% | ₹250 Cr | — | — | — |
| Central Bank of India | Financial | 0.39% | ₹250 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 0.39% | ₹250 Cr | — | — | — |
| DSP Finance Pvt Ltd. | Financial | 0.39% | ₹246 Cr | +0.35% | — | — |
| Indian Bank | Financial | 0.32% | ₹200 Cr | +0.18% | +0.28% | +2.66% |
| Nuvama Clearing Services Ltd. | Financial | 0.31% | ₹198 Cr | +0.18% | — | — |
| Bajaj Financial Securities Ltd. | Financial | 0.31% | ₹197 Cr | +0.22% | +1.60% | — |
| Kotak Mahindra Securities Ltd. | Financial | 0.24% | ₹150 Cr | +0.36% | +1.13% | +0.47% |
| Infina Finance Pvt. Ltd. | Financial | 0.24% | ₹150 Cr | +0.35% | +0.23% | — |
| company:9978 | Financial | 0.23% | ₹147 Cr | — | — | — |
| Angel One Ltd. | Financial | 0.23% | ₹147 Cr | +0.35% | — | — |
| company:13645 | Financial | 0.19% | ₹123 Cr | — | +0.90% | — |
| company:12316 | Financial | 0.19% | ₹120 Cr | — | — | — |
| ICICI Home Finance Company Ltd. | Financial | 0.16% | ₹99.53 Cr | — | +0.29% | +0.33% |
| company:12736 | Financial | 0.16% | ₹98.61 Cr | — | — | — |
| company:11619 | Financial | 0.16% | ₹98.41 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.12% | ₹74.96 Cr | — | +0.17% | +0.20% |
| Bank Of Baroda | Financial | 0.12% | ₹73.90 Cr | +0.88% | +1.13% | +2.55% |
| LIC Housing Finance Ltd. | Financial | 0.11% | ₹70.00 Cr | +0.04% | — | +1.41% |
| Kotak Mahindra Prime Ltd. | Financial | 0.08% | ₹49.95 Cr | — | +0.01% | +0.10% |
| Tata Projects Ltd. | Construction | 0.08% | ₹49.91 Cr | +0.36% | +0.34% | +0.53% |
| HDFC Securities Ltd. | Financial | 0.08% | ₹49.18 Cr | +0.26% | +0.56% | +0.53% |
| Sundaram Home Finance Ltd. | Financial | 0.04% | ₹25.00 Cr | — | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.04% | ₹24.97 Cr | — | +0.22% | +0.13% |
| company:896 | Financial | 0.01% | ₹4.94 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bharti Telecom Ltd. | 1.71% | 0.00% | -1.71% |
| company:4842 | 0.00% | 1.56% | +1.56% |
| HDFC Bank Ltd. | 0.09% | 1.56% | +1.48% |
| company:18495 | 0.00% | 1.17% | +1.17% |
| REC Ltd. | 1.01% | 0.00% | -1.01% |
| Indusind Bank Ltd. | 0.88% | 0.00% | -0.88% |
| L&T Finance Ltd. | 0.88% | 0.00% | -0.88% |
| Canara Bank | 0.01% | 0.85% | +0.85% |
| company:514 | 0.00% | 0.78% | +0.78% |
| company:19777 | 0.00% | 0.78% | +0.78% |
| company:720 | 0.00% | 0.78% | +0.78% |
| Bajaj Financial Securities Ltd. | 1.06% | 0.31% | -0.74% |
| IGH Holdings Pvt. Ltd. | 0.53% | 0.00% | -0.53% |
| Motilal Oswal Financial Services Ltd. | 0.53% | 0.00% | -0.53% |
| Tata Capital Housing Finance Ltd. | 0.53% | 0.04% | -0.49% |
| Bajaj Housing Finance Ltd. | 0.44% | 0.92% | +0.48% |
| company:5840 | 0.00% | 0.47% | +0.47% |
| Knowledge Realty Trust | 0.44% | 0.00% | -0.44% |
| 360 One Wam Ltd. | 0.44% | 0.00% | -0.44% |
| Poonawalla Fincorp Ltd. | 0.44% | 0.00% | -0.44% |
| Manappuram Finance Ltd. | 0.44% | 0.00% | -0.44% |
| company:6306 | 0.00% | 0.39% | +0.39% |
| Kotak Mahindra Bank Ltd. | 0.35% | 0.00% | -0.35% |
| Pilani Investment And Industries Corporation Ltd. | 0.35% | 0.00% | -0.35% |
| Tata Capital Ltd. | 0.44% | 0.78% | +0.34% |
| Larsen & Toubro Ltd. | 0.97% | 0.67% | -0.30% |
| Indian Bank | 0.02% | 0.32% | +0.30% |
| Bajaj Finance Ltd. | 0.27% | 0.54% | +0.28% |
| Julius Baer Capital India Pvt Ltd. | 0.27% | 0.00% | -0.27% |
| Aditya Birla Capital Ltd. | 0.53% | 0.78% | +0.25% |
| company:9978 | 0.00% | 0.23% | +0.23% |
| Hindustan Petroleum Corporation Ltd. | 2.10% | 1.89% | -0.22% |
| LIC Housing Finance Ltd. | 0.31% | 0.11% | -0.20% |
| company:13645 | 0.00% | 0.19% | +0.19% |
| company:12316 | 0.00% | 0.19% | +0.19% |
| HDFC Securities Ltd. | 0.27% | 0.08% | -0.19% |
| Nuvama Wealth Finance Ltd. | 0.18% | 0.00% | -0.18% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.71% | 0.55% | -0.16% |
| company:12736 | 0.00% | 0.16% | +0.16% |
| company:11619 | 0.00% | 0.16% | +0.16% |
| Punjab National Bank | 1.32% | 1.18% | -0.14% |
| Tata Steel Ltd. | 1.32% | 1.18% | -0.14% |
| Indian Oil Corporation Ltd. | 1.32% | 1.18% | -0.14% |
| Titan Company Ltd. | 1.31% | 1.17% | -0.14% |
| Union Bank of India | 1.31% | 1.17% | -0.14% |
| Tata Motors Finance Ltd. | 0.13% | 0.00% | -0.13% |
| Angel One Ltd. | 0.35% | 0.23% | -0.12% |
| Infina Finance Pvt. Ltd. | 0.35% | 0.24% | -0.12% |
| Karur Vysya Bank Ltd. | 0.88% | 0.78% | -0.10% |
| Reserve Bank of India | 0.88% | 0.78% | -0.09% |
| Reliance Retail Ventures Ltd. | 0.88% | 0.79% | -0.09% |
| IDFC First Bank Ltd. | 0.87% | 0.78% | -0.09% |
| Panatone Finvest Ltd | 0.09% | 0.00% | -0.09% |
| Power Finance Corporation Ltd. | 0.09% | 0.00% | -0.09% |
| ICICI Securities Ltd. | 0.79% | 0.85% | +0.06% |
| Bank Of Baroda | 0.18% | 0.12% | -0.06% |
| Tata Realty and Infrastructure Ltd. | 0.55% | 0.49% | -0.06% |
| Small Industries Devp. Bank of India Ltd. | 0.53% | 0.47% | -0.05% |
| Sharekhan Ltd. | 0.53% | 0.47% | -0.05% |
| IIFL Finance Ltd. | 0.52% | 0.47% | -0.05% |
| Central Bank of India | 0.44% | 0.39% | -0.05% |
| City Union Bank Ltd. | 0.44% | 0.39% | -0.05% |
| Export-Import Bank Of India | 0.35% | 0.32% | -0.04% |
| Nuvama Clearing Services Ltd. | 0.35% | 0.31% | -0.04% |
| DSP Finance Pvt Ltd. | 0.35% | 0.39% | +0.04% |
| Kotak Mahindra Securities Ltd. | 0.26% | 0.24% | -0.03% |
| Others | 0.22% | 0.20% | -0.02% |
| National Bank For Agriculture & Rural Development | 0.18% | 0.20% | +0.02% |
| ICICI Home Finance Company Ltd. | 0.18% | 0.16% | -0.02% |
| GOI | 0.02% | 0.00% | -0.02% |
| Godrej Industries Ltd. | 0.13% | 0.12% | -0.01% |
| Kotak Mahindra Prime Ltd. | 0.09% | 0.08% | -0.01% |
| Tata Projects Ltd. | 0.09% | 0.08% | -0.01% |
| company:896 | 0.00% | 0.01% | +0.01% |
| Sundaram Home Finance Ltd. | 0.04% | 0.04% | 0.00% |
| Nuvama Wealth and Investment Limited | 0.04% | 0.04% | 0.00% |
| Barclays Bank | -0.00% | 0.00% | 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 | ₹12,275 Cr | 0.18% | 6.6% | 6.7% | 6.7% |
 DSP Liquid Fund | ₹27,920 Cr | 0.21% | 6.6% | 6.7% | 6.7% |
 Edelweiss Liquid Fund | ₹13,272 Cr | 0.17% | 6.6% | 6.7% | 6.7% |
 Franklin India Liquid Fund | ₹6,082 Cr | 0.20% | 6.7% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹1,825 Cr | 0.15% | 6.6% | 6.7% | 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 months3.43% absolute | ₹60,000 | ₹62,058 | 3.43% | |
| 1 year6.45% annualised | ₹1,20,000 | ₹1,24,276 | 3.56% | |
| 3 years6.89% annualised | ₹3,60,000 | ₹4,00,931 | 11.37% | |
| 5 years6.32% annualised | ₹6,00,000 | ₹7,07,173 | 17.86% |
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 ₹3,138.09 as on 27 Sep 2026.
What is the expense ratio of Axis Liquid Fund?
The expense ratio of Axis Liquid Fund is 0.22% 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 6.6% over 1 year, 6.7% 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 ₹3,77,445 Cr under management.