Bandhan Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹3,421.86+0.02%1 day
- Return since launch
- 5.6%
- 52-week range
- ₹3,217.38 — ₹3,419.83
- AUM
- ₹16,714 Cr
Bandhan Liquid Fund is a Liquid debt fund from Bandhan Mutual Fund with ₹16,714 Cr under management, launched in 2004. Over three years it has returned 6.5% a year, against 6.7% 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 +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 3Y | 6.5% | −0.2 pts | 6.7% | 6.5% |
| 5Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
| 7Y | 6.2% | 0.0 pts | 6.1% | 6.1% |
| 10Y | 6.0% | 0.0 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.4% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.1% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.4% | 0.0 pts | 6.4% | 6.4% |
| 3Y | 6.7% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 6.3% | 0.0 pts | 6.3% | 6.2% |
| 7Y | 5.6% | 0.0 pts | 5.5% | 5.5% |
| 10Y | 5.9% | 0.0 pts | 6.0% | 6.0% |
Since launch (1 Apr 2004): 5.6%
Calendar-year returns
Category average4.0%
3.2%
4.8%
7.0%
7.3%
6.4%
Show 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 5 Nov 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 | 4.36 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 10.19 | 12.32 | 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 5 category peers | |||
Portfolio
Bandhan Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt89.9%
- Other10.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.12% | ₹994 Cr | +1.07% | +1.36% | +1.12% |
| HDFC Bank Ltd. | Financial | 4.10% | ₹668 Cr | +2.51% | +6.56% | +0.38% |
| Export-Import Bank Of India | Financial | 3.64% | ₹593 Cr | +2.50% | +4.09% | +3.76% |
| Canara Bank | Financial | 3.35% | ₹545 Cr | +0.47% | +1.35% | +0.56% |
| NTPC Ltd. | Energy | 3.07% | ₹500 Cr | +3.12% | — | — |
| Tata Capital Ltd. | Financial | 2.90% | ₹471 Cr | +0.94% | — | — |
| REC Ltd. | Financial | 2.33% | ₹379 Cr | +1.87% | +0.60% | — |
| HDFC Securities Ltd. | Financial | 2.14% | ₹348 Cr | +0.63% | +0.82% | +0.38% |
| Bajaj Finance Ltd. | Financial | 2.13% | ₹346 Cr | +0.31% | +3.49% | +1.70% |
| National Bank For Agriculture & Rural Development | Financial | 1.98% | ₹323 Cr | +3.13% | +2.86% | +3.02% |
| Union Bank of India | Financial | 1.83% | ₹297 Cr | +3.90% | +2.04% | +3.01% |
| Reliance Retail Ventures Ltd. | Services | 1.53% | ₹249 Cr | +3.13% | +1.64% | +1.32% |
| Reliance Industries Ltd. | Energy | 1.52% | ₹247 Cr | — | — | — |
| Punjab National Bank | Financial | 1.37% | ₹222 Cr | +3.59% | — | — |
| GOI | Sovereign | 0.92% | ₹150 Cr | — | +9.31% | +0.57% |
| Titan Company Ltd. | Consumer Discretionary | 0.92% | ₹149 Cr | +0.78% | — | +2.09% |
| Kotak Securities Ltd. | Financial | 0.91% | ₹149 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 0.77% | ₹126 Cr | — | — | — |
| Axis Securities Ltd. | Others | 0.61% | ₹98.51 Cr | — | +1.43% | +0.75% |
| L&T Finance Ltd. | Financial | 0.61% | ₹99.34 Cr | — | +2.04% | +1.51% |
| PNB Housing Finance Ltd. | Financial | 0.61% | ₹98.99 Cr | +0.62% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.61% | ₹98.90 Cr | +3.13% | +0.61% | +0.75% |
| The Federal Bank Ltd. | Financial | 0.61% | ₹99.29 Cr | — | — | — |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 0.49% | ₹79.74 Cr | +0.31% | — | — |
| Bajaj Financial Securities Ltd. | Financial | 0.46% | ₹74.03 Cr | +1.72% | — | — |
| Infina Finance Pvt. Ltd. | Financial | 0.46% | ₹74.63 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.43% | ₹69.93 Cr | +0.91% | +2.51% | +1.14% |
| Aditya Birla Capital Ltd. | Financial | 0.31% | ₹49.77 Cr | +1.57% | +1.23% | — |
| Gujarat State | Construction | 0.31% | ₹50.14 Cr | — | — | +0.38% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.31% | ₹50.10 Cr | — | — | — |
| ICICI Securities Ltd. | Financial | 0.30% | ₹49.49 Cr | +1.56% | +0.41% | +0.57% |
| Kotak Mahindra Securities Ltd. | Financial | 0.30% | ₹49.49 Cr | +0.78% | +0.41% | +0.75% |
| Axis Bank Ltd. | Financial | 0.15% | ₹24.76 Cr | +1.25% | +0.82% | +0.19% |
| Bank Of Baroda | Financial | 0.15% | ₹24.68 Cr | +4.73% | +0.70% | +0.94% |
| Indian Bank | Financial | 0.15% | ₹24.68 Cr | +0.31% | — | +0.38% |
| Kotak Mahindra Prime Ltd. | Financial | 0.15% | ₹24.70 Cr | — | +0.21% | +0.71% |
| Tata Capital Financial Services Ltd. | Financial | 0.15% | ₹25.03 Cr | — | +0.21% | +0.61% |
| Kotak Mahindra Bank Ltd. | Financial | 0.09% | ₹14.80 Cr | +0.03% | — | +0.57% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | 1.22% | 3.35% | +2.13% |
| Bank Of Baroda | 2.22% | 0.15% | -2.07% |
| HDFC Bank Ltd. | 5.98% | 3.95% | -2.03% |
| Export-Import Bank Of India | 1.97% | 3.64% | +1.67% |
| GOI | 2.51% | 0.92% | -1.59% |
| Reliance Industries Ltd. | 0.00% | 1.52% | +1.52% |
| Union Bank of India | 3.33% | 1.83% | -1.50% |
| Punjab National Bank | 2.84% | 1.37% | -1.47% |
| company:1529 | 1.23% | 0.00% | -1.23% |
| Indian Bank | 1.22% | 0.15% | -1.07% |
| Reliance Retail Ventures Ltd. | 2.48% | 1.53% | -0.95% |
| Bajaj Financial Securities Ltd. | 1.36% | 0.46% | -0.90% |
| Reserve Bank of India | 1.23% | 0.43% | -0.80% |
| Sundaram Finance Ltd. | 0.00% | 0.76% | +0.76% |
| Bajaj Finance Ltd. | 1.47% | 2.13% | +0.66% |
| Small Industries Devp. Bank of India Ltd. | 1.23% | 0.61% | -0.62% |
| The Federal Bank Ltd. | 0.00% | 0.61% | +0.61% |
| NTPC Ltd. | 2.46% | 3.07% | +0.61% |
| National Bank For Agriculture & Rural Development | 0.99% | 1.52% | +0.53% |
| HSBC InvestDirect Financial Services India Ltd. | 0.00% | 0.49% | +0.49% |
| Tata Capital Ltd. | 2.44% | 2.90% | +0.46% |
| ICICI Securities Ltd. | 0.74% | 0.30% | -0.44% |
| HDFC Securities Ltd. | 1.71% | 2.14% | +0.43% |
| company:1570 | 0.37% | 0.00% | -0.37% |
| Axis Bank Ltd. | 0.49% | 0.15% | -0.34% |
| Kotak Mahindra Securities Ltd. | 0.62% | 0.30% | -0.32% |
| Gujarat State | 0.00% | 0.31% | +0.31% |
| Indian Railway Finance Corporation Ltd. | 0.00% | 0.31% | +0.31% |
| REC Ltd. | 1.22% | 1.52% | +0.30% |
| company:16765 | 0.25% | 0.00% | -0.25% |
| company:8137 | 0.25% | 0.00% | -0.25% |
| Titan Company Ltd. | 0.73% | 0.92% | +0.19% |
| Kotak Securities Ltd. | 0.73% | 0.91% | +0.18% |
| Kotak Mahindra Prime Ltd. | 0.00% | 0.15% | +0.15% |
| Tata Capital Financial Services Ltd. | 0.00% | 0.15% | +0.15% |
| Axis Securities Ltd. | 0.49% | 0.61% | +0.12% |
| L&T Finance Ltd. | 0.49% | 0.61% | +0.12% |
| PNB Housing Finance Ltd. | 0.49% | 0.61% | +0.12% |
| company:17927 | 0.12% | 0.00% | -0.12% |
| Infina Finance Pvt. Ltd. | 0.37% | 0.46% | +0.09% |
| Aditya Birla Capital Ltd. | 0.24% | 0.31% | +0.07% |
| Others | 0.23% | 0.28% | +0.05% |
| Kotak Mahindra Bank Ltd. | 0.12% | 0.09% | -0.03% |
| company:5849 | 0.01% | 0.00% | -0.01% |
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 | ₹16,105 Cr | 0.20% | 6.5% | 6.6% | 6.7% |
 Axis Liquid Fund | ₹53,784 Cr | 0.26% | 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 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 months3.13% absolute | ₹60,000 | ₹61,878 | 3.13% | |
| 1 year6.31% annualised | ₹1,20,000 | ₹1,24,182 | 3.48% | |
| 3 years6.73% annualised | ₹3,60,000 | ₹3,99,916 | 11.09% | |
| 5 years6.29% annualised | ₹6,00,000 | ₹7,06,610 | 17.77% |
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 Bandhan Liquid Fund?
The NAV of Bandhan Liquid Fund is ₹3,421.86 as on 9 Nov 2026.
What is the expense ratio of Bandhan Liquid Fund?
The expense ratio of Bandhan Liquid Fund is 0.23% per year.
What is the minimum SIP amount for Bandhan Liquid Fund?
You can start a SIP in Bandhan Liquid Fund with ₹3,000 a month.
What returns has Bandhan Liquid Fund given?
Bandhan Liquid Fund has returned 6.3% over 1 year, 6.5% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on Bandhan 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 Bandhan Liquid Fund?
Bandhan Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages Bandhan Liquid Fund?
Bandhan Liquid Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,19,896 Cr under management.