DSP Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 27 Sep 2026
- ₹4,022.14+0.02%1 day
- Return since launch
- 6.9%
- 52-week range
- ₹3,778.04 — ₹4,021.07
- AUM
- ₹27,920 Cr
DSP Liquid Fund is a Liquid debt fund from DSP Mutual Fund with ₹27,920 Cr under management, launched in 2005. Over three years it has returned 6.7% a year, against 6.8% for its category. The expense ratio is 0.21% and the SEBI riskometer reading is Low to Moderate.
Performance
DSP 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% | +0.1 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 | 6.2% | +0.1 pts | 6.1% | 6.1% |
| 10Y | 6.0% | +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 | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.6% | +0.1 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 | 5.6% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.0% | +0.1 pts | 6.0% | 6.0% |
Since launch (23 Nov 2005): 6.9%
Calendar-year returns
Category average4.2%
3.3%
4.8%
7.0%
7.4%
6.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | +0.1 pts | 6.4% |
| 2024 | 7.4% | +0.1 pts | 7.3% |
| 2023 | 7.0% | 0.0 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.2% | +0.1 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
0.21%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.18%
- 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
- CRISIL Liquid Debt A-I Index
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 | 4.89 | 5.00 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 8.75 | 10.09 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.20 | 0.21 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
DSP Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.3%
- Other5.7%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.87% | ₹1,638 Cr | +0.78% | +0.69% | +0.69% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.44% | ₹404 Cr | +1.56% | +7.11% | +8.22% |
| Union Bank of India | Financial | 1.24% | ₹347 Cr | +1.17% | +0.93% | +0.25% |
| ICICI Bank Ltd. | Financial | 1.16% | ₹324 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.06% | ₹295 Cr | +0.39% | +0.12% | +0.99% |
| Bajaj Housing Finance Ltd. | Financial | 0.96% | ₹268 Cr | +2.60% | +0.26% | — |
| Aditya Birla Housing Finance Ltd. | Financial | 0.89% | ₹250 Cr | +0.52% | +0.47% | — |
| company:4578 | Sovereign | 0.84% | ₹234 Cr | — | +7.71% | +4.97% |
| ICICI Securities Ltd. | Financial | 0.72% | ₹200 Cr | +0.39% | +1.90% | +0.74% |
| Reliance Retail Ventures Ltd. | Services | 0.72% | ₹200 Cr | +1.58% | +0.94% | +1.86% |
| Tata Realty and Infrastructure Ltd. | Construction | 0.72% | ₹200 Cr | — | +0.95% | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.71% | ₹197 Cr | — | — | — |
| Canara Bank | Financial | 0.71% | ₹197 Cr | +1.42% | +0.23% | +1.49% |
| NTPC Ltd. | Energy | 0.71% | ₹199 Cr | +1.05% | — | — |
| PNB Housing Finance Ltd. | Financial | 0.71% | ₹197 Cr | +1.04% | — | — |
| Punjab National Bank | Financial | 0.71% | ₹199 Cr | — | +1.17% | +2.25% |
| company:7079 | Financial | 0.71% | ₹197 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.62% | ₹174 Cr | +0.91% | +0.93% | — |
| Reserve Bank of India | Financial | 0.62% | ₹174 Cr | +0.78% | +2.21% | +0.99% |
| company:11619 | Financial | 0.60% | ₹167 Cr | — | — | — |
| company:13827 | Construction | 0.59% | ₹165 Cr | — | — | — |
| Tata Housing Devp. Co. Ltd | Construction | 0.55% | ₹155 Cr | — | +0.93% | +1.24% |
| Aditya Birla Money Ltd. | Financial | 0.54% | ₹150 Cr | +0.26% | +0.47% | +0.50% |
| Bajaj Finance Ltd. | Financial | 0.54% | ₹150 Cr | +1.05% | +0.95% | — |
| Bank of India | Financial | 0.54% | ₹149 Cr | — | +0.82% | — |
| Central Bank of India | Financial | 0.54% | ₹149 Cr | — | — | — |
| Export-Import Bank Of India | Financial | 0.54% | ₹150 Cr | +1.06% | +0.98% | +1.00% |
| Redington Ltd. | Services | 0.54% | ₹150 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.54% | ₹150 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.53% | ₹148 Cr | +0.53% | +0.94% | — |
| Titan Company Ltd. | Consumer Discretionary | 0.53% | ₹149 Cr | +1.44% | +0.95% | +0.67% |
| Kotak Mahindra Securities Ltd. | Financial | 0.44% | ₹123 Cr | +1.05% | +0.36% | +1.00% |
| National Bank For Agriculture & Rural Development | Financial | 0.37% | ₹101 Cr | +3.12% | +2.82% | +3.00% |
| Angel One Ltd. | Financial | 0.36% | ₹99.96 Cr | +1.31% | — | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.36% | ₹99.87 Cr | +1.05% | — | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.36% | ₹99.83 Cr | — | +0.95% | +0.75% |
| HDFC Bank Ltd. | Financial | 0.36% | ₹99.66 Cr | +0.52% | +3.79% | +0.50% |
| REC Ltd. | Financial | 0.36% | ₹99.12 Cr | — | — | — |
| Bajaj Financial Securities Ltd. | Financial | 0.35% | ₹98.54 Cr | — | +1.42% | +1.00% |
| HDFC Securities Ltd. | Financial | 0.35% | ₹98.64 Cr | +0.66% | +0.93% | +0.74% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.35% | ₹98.73 Cr | +0.52% | — | — |
| Indian Bank | Financial | 0.35% | ₹99.00 Cr | +1.04% | +0.94% | +1.00% |
| Manappuram Finance Ltd. | Financial | 0.35% | ₹98.54 Cr | +0.52% | +0.47% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.35% | ₹98.41 Cr | — | +0.71% | +0.74% |
| company:12429 | Financial | 0.35% | ₹98.76 Cr | — | — | — |
| company:12736 | Financial | 0.35% | ₹98.61 Cr | +0.52% | — | — |
| company:16421 | Construction | 0.35% | ₹98.42 Cr | — | — | — |
| company:16531 | Financial | 0.35% | ₹98.57 Cr | — | — | — |
| company:19777 | Financial | 0.35% | ₹98.69 Cr | — | — | — |
| company:630 | Financial | 0.35% | ₹98.74 Cr | +0.53% | — | — |
| company:9186 | Financial | 0.35% | ₹98.38 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.27% | ₹74.87 Cr | +0.39% | +0.36% | — |
| Axis Securities Ltd. | Others | 0.18% | ₹49.94 Cr | +0.52% | +0.93% | +0.50% |
| Bank Of Baroda | Financial | 0.18% | ₹49.88 Cr | +1.03% | +1.42% | +0.99% |
| Ceat Ltd. | Automobile | 0.18% | ₹49.93 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 0.18% | ₹49.92 Cr | — | — | — |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.18% | ₹49.51 Cr | — | — | +0.75% |
| The Federal Bank Ltd. | Financial | 0.18% | ₹49.88 Cr | +1.30% | — | +0.38% |
| Sikka Ports and Terminals Ltd. | Energy | 0.15% | ₹42.74 Cr | +0.52% | — | +0.50% |
| LIC Housing Finance Ltd. | Financial | 0.10% | ₹26.84 Cr | +0.42% | — | +0.13% |
| Kotak Mahindra Investments Ltd. | Financial | 0.09% | ₹24.94 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Bank For Agriculture & Rural Development | 1.66% | 0.09% | -1.57% |
| company:4578 | 0.00% | 0.84% | +0.84% |
| IDFC First Bank Ltd. | 0.83% | 0.00% | -0.83% |
| company:7079 | 0.00% | 0.71% | +0.71% |
| Sikka Ports and Terminals Ltd. | 0.83% | 0.15% | -0.68% |
| company:11619 | 0.00% | 0.60% | +0.60% |
| company:13827 | 0.00% | 0.59% | +0.59% |
| Export-Import Bank Of India | 0.73% | 0.18% | -0.55% |
| Bharat Petroleum Corporation Ltd. | 1.24% | 0.71% | -0.53% |
| Aditya Birla Housing Finance Ltd. | 0.42% | 0.89% | +0.47% |
| SMFG India Credit Company Ltd. | 0.45% | 0.00% | -0.45% |
| Aditya Birla Real Estate Ltd | 0.42% | 0.00% | -0.42% |
| Kotak Mahindra Securities Ltd. | 0.83% | 0.44% | -0.39% |
| company:12429 | 0.00% | 0.35% | +0.35% |
| company:12736 | 0.00% | 0.35% | +0.35% |
| company:16421 | 0.00% | 0.35% | +0.35% |
| company:16531 | 0.00% | 0.35% | +0.35% |
| company:19777 | 0.00% | 0.35% | +0.35% |
| company:630 | 0.00% | 0.35% | +0.35% |
| company:9186 | 0.00% | 0.35% | +0.35% |
| Canara Bank | 1.04% | 0.71% | -0.33% |
| Karur Vysya Bank Ltd. | 0.83% | 0.53% | -0.30% |
| Axis Bank Ltd. | 1.35% | 1.06% | -0.29% |
| Bajaj Finance Ltd. | 0.83% | 0.54% | -0.29% |
| Bharti Telecom Ltd. | 0.21% | 0.00% | -0.21% |
| ICICI Bank Ltd. | 1.35% | 1.16% | -0.19% |
| HDFC Securities Ltd. | 0.21% | 0.35% | +0.14% |
| NTPC Ltd. | 0.83% | 0.71% | -0.12% |
| PNB Housing Finance Ltd. | 0.83% | 0.71% | -0.12% |
| Punjab National Bank | 0.83% | 0.71% | -0.12% |
| Bajaj Housing Finance Ltd. | 0.82% | 0.71% | -0.11% |
| ICICI Securities Ltd. | 0.83% | 0.72% | -0.11% |
| Reliance Retail Ventures Ltd. | 0.83% | 0.72% | -0.11% |
| Small Industries Devp. Bank of India Ltd. | 0.82% | 0.71% | -0.11% |
| Tata Realty and Infrastructure Ltd. | 0.83% | 0.72% | -0.11% |
| Network 18 Media & Investments Ltd. | 0.10% | 0.00% | -0.10% |
| Aditya Birla Capital Ltd. | 0.72% | 0.62% | -0.10% |
| Reserve Bank of India | 0.72% | 0.62% | -0.10% |
| Tata Housing Devp. Co. Ltd | 0.64% | 0.55% | -0.09% |
| Titan Company Ltd. | 0.62% | 0.53% | -0.09% |
| Aditya Birla Money Ltd. | 0.62% | 0.54% | -0.08% |
| Bank of India | 0.62% | 0.54% | -0.08% |
| Central Bank of India | 0.62% | 0.54% | -0.08% |
| Redington Ltd. | 0.62% | 0.54% | -0.08% |
| Ujjivan Small Finance Bank Ltd. | 0.62% | 0.54% | -0.08% |
| Hindustan Petroleum Corporation Ltd. | 0.42% | 0.35% | -0.07% |
| Manappuram Finance Ltd. | 0.42% | 0.35% | -0.07% |
| Motilal Oswal Financial Services Ltd. | 0.42% | 0.35% | -0.07% |
| Angel One Ltd. | 0.42% | 0.36% | -0.06% |
| Bajaj Financial Securities Ltd. | 0.41% | 0.35% | -0.06% |
| Birla Group Holdings Pvt. Ltd. | 0.42% | 0.36% | -0.06% |
| Godrej Consumer Products Ltd. | 0.42% | 0.36% | -0.06% |
| HDFC Bank Ltd. | 0.41% | 0.36% | -0.05% |
| REC Ltd. | 0.41% | 0.36% | -0.05% |
| Godrej Industries Ltd. | 0.31% | 0.27% | -0.04% |
| Indian Bank | 0.31% | 0.35% | +0.04% |
| Axis Securities Ltd. | 0.21% | 0.18% | -0.03% |
| Bank Of Baroda | 0.21% | 0.18% | -0.03% |
| Ceat Ltd. | 0.21% | 0.18% | -0.03% |
| IDBI Bank Ltd. | 0.21% | 0.18% | -0.03% |
| Julius Baer Capital India Pvt Ltd. | 0.21% | 0.18% | -0.03% |
| Others | 0.22% | 0.19% | -0.03% |
| The Federal Bank Ltd. | 0.21% | 0.18% | -0.03% |
| Kotak Mahindra Investments Ltd. | 0.10% | 0.09% | -0.01% |
| Union Bank of India | 1.23% | 1.24% | +0.01% |
| LIC Housing Finance Ltd. | 0.11% | 0.10% | -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 | ₹21,130 Cr | 0.19% | 6.6% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 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
- Karan MundhraMr. Mundra is a B. COM. and Charted Accountant (CA)He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
- Shalini VasantaMr. Vasanta has done BA and MBA (Finance)Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst
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 months3.41% absolute | ₹60,000 | ₹62,046 | 3.41% | |
| 1 year6.43% annualised | ₹1,20,000 | ₹1,24,263 | 3.55% | |
| 3 years6.87% annualised | ₹3,60,000 | ₹4,00,804 | 11.33% | |
| 5 years6.28% annualised | ₹6,00,000 | ₹7,06,422 | 17.74% |
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 DSP Liquid Fund?
The NAV of DSP Liquid Fund is ₹4,022.14 as on 27 Sep 2026.
What is the expense ratio of DSP Liquid Fund?
The expense ratio of DSP Liquid Fund is 0.21% per year.
What is the minimum SIP amount for DSP Liquid Fund?
You can start a SIP in DSP Liquid Fund with ₹3,000 a month.
What returns has DSP Liquid Fund given?
DSP 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 DSP 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 DSP Liquid Fund?
DSP Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages DSP Liquid Fund?
DSP Liquid Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.