Bandhan Liquid Fund
- NAV as on 27 Sep 2026
- ₹3,398.30+0.03%1 day
- Return since launch
- 5.6%
- 52-week range
- ₹3,195.86 — ₹3,397.45
- AUM
- ₹20,198 Cr
Bandhan Liquid Fund is a Liquid debt fund from Bandhan Mutual Fund with ₹20,198 Cr under management, launched in 2004. Over three years it has returned 6.5% a year, against 6.8% for its category. The expense ratio is 0.23% and the SEBI riskometer reading is Low to Moderate.
Performance
Bandhan Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.3% 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 | 6.4% | +0.2 pts | 6.3% | 6.4% |
| 2Y | 6.4% | 0.0 pts | 6.4% | 6.3% |
| 3Y | 6.5% | −0.2 pts | 6.8% | 6.5% |
| 5Y | 6.6% | +0.4 pts | 6.2% | 6.5% |
| 7Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 10Y | 6.0% | 0.0 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 | 3.3% | 0.0 pts | 3.3% | 3.3% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 pts | 6.5% | 6.5% |
| 3Y | 6.8% | 0.0 pts | 6.8% | 6.7% |
| 5Y | 6.2% | 0.0 pts | 6.2% | 6.2% |
| 7Y | 5.5% | 0.0 pts | 5.5% | 5.5% |
| 10Y | 6.0% | 0.0 pts | 6.0% | 6.0% |
Since launch (1 Apr 2004): 5.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.4% | 0.0 pts | 6.4% |
| 2024 | 7.3% | 0.0 pts | 7.3% |
| 2023 | 7.0% | 0.0 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.2% | 0.0 pts | 3.3% |
| 2020 | 4.0% | 0.0 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.
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 | 4.39 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 8.63 | 9.82 | 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 5 category peers | |||
Portfolio
Bandhan Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt95.4%
- Other4.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 5.98% | ₹1,208 Cr | +1.14% | +1.43% | +6.57% |
| Others | Others | 4.80% | ₹963 Cr | +0.96% | +0.96% | +1.08% |
| Union Bank of India | Financial | 3.33% | ₹672 Cr | +1.30% | +1.13% | — |
| Punjab National Bank | Financial | 2.84% | ₹574 Cr | — | +0.86% | — |
| company:4578 | Sovereign | 2.51% | ₹506 Cr | — | +6.47% | — |
| Reliance Retail Ventures Ltd. | Services | 2.48% | ₹500 Cr | +0.58% | +1.13% | +1.26% |
| NTPC Ltd. | Energy | 2.46% | ₹497 Cr | — | +0.29% | — |
| Tata Capital Ltd. | Financial | 2.44% | ₹493 Cr | +0.85% | — | +3.22% |
| Bank Of Baroda | Financial | 2.22% | ₹449 Cr | +1.14% | +2.30% | +1.81% |
| Export-Import Bank Of India | Financial | 1.97% | ₹399 Cr | +0.43% | +2.83% | +4.02% |
| HDFC Securities Ltd. | Financial | 1.71% | ₹346 Cr | +0.57% | +0.57% | +1.09% |
| Bajaj Finance Ltd. | Financial | 1.47% | ₹296 Cr | +1.42% | +2.84% | +0.90% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.47% | ₹297 Cr | +3.48% | +8.61% | +8.76% |
| Bajaj Financial Securities Ltd. | Financial | 1.36% | ₹274 Cr | — | +0.57% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.23% | ₹249 Cr | — | — | — |
| Reserve Bank of India | Financial | 1.23% | ₹248 Cr | +2.85% | +1.74% | +1.09% |
| Canara Bank | Financial | 1.22% | ₹246 Cr | +3.99% | +0.57% | +1.39% |
| Indian Bank | Financial | 1.22% | ₹247 Cr | +1.43% | +1.44% | — |
| REC Ltd. | Financial | 1.22% | ₹246 Cr | +1.16% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.99% | ₹200 Cr | +2.89% | +0.99% | +1.44% |
| ICICI Securities Ltd. | Financial | 0.74% | ₹150 Cr | +0.57% | +1.42% | +1.10% |
| Titan Company Ltd. | Consumer Discretionary | 0.73% | ₹148 Cr | — | +2.01% | +1.09% |
| company:13518 | Financial | 0.73% | ₹148 Cr | — | — | — |
| Kotak Mahindra Securities Ltd. | Financial | 0.62% | ₹125 Cr | +0.29% | +0.28% | +0.72% |
| Axis Bank Ltd. | Financial | 0.49% | ₹99.85 Cr | +1.14% | +3.73% | +3.80% |
| PNB Housing Finance Ltd. | Financial | 0.49% | ₹98.48 Cr | — | — | — |
| company:11523 | Others | 0.49% | ₹98.47 Cr | — | +0.99% | +0.72% |
| company:12429 | Financial | 0.49% | ₹98.76 Cr | — | +1.41% | +1.44% |
| Infina Finance Pvt. Ltd. | Financial | 0.37% | ₹74.17 Cr | — | — | — |
| company:1570 | Financial | 0.37% | ₹74.83 Cr | — | — | — |
| Godrej Housing Finance Ltd. | Financial | 0.25% | ₹49.81 Cr | — | +0.14% | — |
| Network 18 Media & Investments Ltd. | Services | 0.25% | ₹49.92 Cr | +0.58% | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.24% | ₹49.48 Cr | +1.42% | +0.85% | — |
| Godrej Finance Ltd. | Financial | 0.12% | ₹24.93 Cr | +0.14% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.12% | ₹24.90 Cr | — | +0.57% | — |
| Tamilnadu State | Others | 0.01% | ₹1.80 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 1.05% | 5.98% | +4.93% |
| company:4578 | 0.00% | 2.51% | +2.51% |
| Tata Capital Ltd. | 0.78% | 2.44% | +1.66% |
| Bajaj Finance Ltd. | 0.26% | 1.47% | +1.21% |
| Indian Bank | 0.26% | 1.22% | +0.96% |
| Export-Import Bank Of India | 1.07% | 1.97% | +0.90% |
| Canara Bank | 0.39% | 1.22% | +0.83% |
| company:13518 | 0.00% | 0.73% | +0.73% |
| REC Ltd. | 0.52% | 1.22% | +0.70% |
| ICICI Securities Ltd. | 1.31% | 0.74% | -0.57% |
| Axis Bank Ltd. | 1.05% | 0.49% | -0.56% |
| Panatone Finvest Ltd | 0.52% | 0.00% | -0.52% |
| company:11523 | 0.00% | 0.49% | +0.49% |
| company:12429 | 0.00% | 0.49% | +0.49% |
| company:1570 | 0.00% | 0.37% | +0.37% |
| HSBC InvestDirect Financial Services India Ltd. | 0.26% | 0.00% | -0.26% |
| Punjab National Bank | 3.00% | 2.84% | -0.16% |
| NTPC Ltd. | 2.60% | 2.46% | -0.14% |
| Power Finance Corporation Ltd. | 0.13% | 0.00% | -0.13% |
| Bank Of Baroda | 2.35% | 2.22% | -0.13% |
| Reliance Retail Ventures Ltd. | 2.61% | 2.48% | -0.13% |
| HDFC Securities Ltd. | 1.81% | 1.71% | -0.10% |
| Kotak Mahindra Bank Ltd. | 0.03% | 0.12% | +0.09% |
| Hindustan Petroleum Corporation Ltd. | 1.31% | 1.23% | -0.08% |
| Union Bank of India | 3.25% | 3.33% | +0.08% |
| Titan Company Ltd. | 0.65% | 0.73% | +0.08% |
| Reserve Bank of India | 1.30% | 1.23% | -0.07% |
| Bajaj Financial Securities Ltd. | 1.43% | 1.36% | -0.07% |
| Small Industries Devp. Bank of India Ltd. | 1.29% | 1.23% | -0.06% |
| National Bank For Agriculture & Rural Development | 1.04% | 0.99% | -0.05% |
| Kotak Mahindra Securities Ltd. | 0.65% | 0.62% | -0.03% |
| PNB Housing Finance Ltd. | 0.52% | 0.49% | -0.03% |
| Aditya Birla Capital Ltd. | 0.26% | 0.24% | -0.02% |
| Infina Finance Pvt. Ltd. | 0.39% | 0.37% | -0.02% |
| Godrej Finance Ltd. | 0.13% | 0.12% | -0.01% |
| Godrej Housing Finance Ltd. | 0.26% | 0.25% | -0.01% |
| Network 18 Media & Investments Ltd. | 0.26% | 0.25% | -0.01% |
| Others | 0.24% | 0.23% | -0.01% |
| Tamilnadu State | 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 | ₹22,488 Cr | 0.19% | 6.6% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 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 Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy and with high liquidity, from a portfolio that is invested in debt and money market securities with maturity up to 91 days.
Fund managers
- Brijesh ShahMr. Shah is a Post Graduate Diploma in Finance.Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
- Harshal JoshiMr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, MumbaiPrior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. 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 months3.34% absolute | ₹60,000 | ₹62,004 | 3.34% | |
| 1 year6.28% annualised | ₹1,20,000 | ₹1,24,161 | 3.47% | |
| 3 years6.77% annualised | ₹3,60,000 | ₹4,00,170 | 11.16% | |
| 5 years6.22% annualised | ₹6,00,000 | ₹7,05,296 | 17.55% |
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.