DSP Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 8 Nov 2026
- ₹4,049.73+0.02%1 day
- Return since launch
- 6.9%
- 52-week range
- ₹3,803.73 — ₹4,048.29
- AUM
- ₹24,392 Cr
DSP Liquid Fund is a Liquid debt fund from DSP Mutual Fund with ₹24,392 Cr under management, launched in 2005. 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
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 | 6.4% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.4% |
| 5Y | 6.7% | +0.4 pts | 6.3% | 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 | 0.4% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.5% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.2% | +0.1 pts | 3.1% | 3.1% |
| 1Y | 6.4% | +0.2 pts | 6.3% | 6.2% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.4% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 6.3% | +0.1 pts | 6.3% | 6.2% |
| 7Y | 5.6% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.0% | 0.0 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
0.23%
Expense ratio as on 6 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
- 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 | 4.91 | 5.03 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 11.38 | 11.00 | 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
DSP Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt103.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 3.24% | ₹802 Cr | — | +12.01% | +7.46% |
| Others | Others | 2.49% | ₹611 Cr | +0.78% | +0.87% | +0.84% |
| Reliance Retail Ventures Ltd. | Services | 1.70% | ₹420 Cr | +1.02% | +1.17% | +2.26% |
| Bharti Telecom Ltd. | Communication | 1.48% | ₹366 Cr | +0.26% | +0.88% | +1.82% |
| Export-Import Bank Of India | Financial | 1.20% | ₹298 Cr | +3.06% | +1.16% | +1.20% |
| Axis Securities Ltd. | Others | 1.20% | ₹296 Cr | +0.51% | +1.17% | +0.30% |
| Canara Bank | Financial | 1.00% | ₹247 Cr | +0.38% | +1.02% | +1.80% |
| HDFC Bank Ltd. | Financial | 0.90% | ₹223 Cr | +1.02% | +2.34% | +6.00% |
| Bajaj Housing Finance Ltd. | Financial | 0.81% | ₹199 Cr | +1.29% | +0.59% | — |
| Aditya Birla Capital Ltd. | Financial | 0.80% | ₹198 Cr | — | +1.17% | — |
| Bank of India | Financial | 0.80% | ₹197 Cr | +1.53% | +0.88% | +0.90% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.80% | ₹199 Cr | — | — | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.80% | ₹198 Cr | +0.51% | — | +0.91% |
| ICICI Securities Ltd. | Financial | 0.80% | ₹199 Cr | +1.02% | +1.17% | +0.90% |
| PNB Housing Finance Ltd. | Financial | 0.80% | ₹198 Cr | +1.03% | +0.58% | — |
| Reliance Industries Ltd. | Energy | 0.80% | ₹198 Cr | — | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.80% | ₹197 Cr | — | — | — |
| Yes Bank Ltd. | Financial | 0.80% | ₹198 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.70% | ₹173 Cr | +1.02% | +0.59% | +1.21% |
| Reserve Bank of India | Financial | 0.70% | ₹174 Cr | +4.60% | +2.77% | +1.20% |
| Muthoot Fincorp Ltd. | Financial | 0.68% | ₹168 Cr | — | — | — |
| Tata Projects Ltd. | Construction | 0.67% | ₹165 Cr | — | — | +0.30% |
| Indian Bank | Financial | 0.60% | ₹149 Cr | +1.03% | +2.31% | +1.50% |
| Indian Oil Corporation Ltd. | Energy | 0.60% | ₹148 Cr | — | — | +1.21% |
| Karur Vysya Bank Ltd. | Financial | 0.60% | ₹149 Cr | +1.02% | +0.59% | — |
| Motilal Oswal Finevest Ltd. | Financial | 0.60% | ₹148 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 0.60% | ₹150 Cr | — | — | +0.60% |
| LIC Housing Finance Ltd. | Financial | 0.53% | ₹130 Cr | +0.82% | — | +0.64% |
| Godrej Properties Ltd. | Construction | 0.50% | ₹124 Cr | — | — | +0.61% |
| Kotak Mahindra Securities Ltd. | Financial | 0.50% | ₹124 Cr | +1.02% | +1.17% | +0.30% |
| Network 18 Media & Investments Ltd. | Services | 0.50% | ₹123 Cr | +0.77% | +0.73% | +0.90% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.50% | ₹123 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.50% | ₹123 Cr | +2.04% | +1.16% | +5.20% |
| Sikka Ports and Terminals Ltd. | Energy | 0.46% | ₹113 Cr | +0.51% | — | +0.60% |
| Arka Fincap Ltd. | Financial | 0.40% | ₹99.19 Cr | — | — | — |
| Bajaj Financial Securities Ltd. | Financial | 0.40% | ₹99.12 Cr | — | — | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.40% | ₹98.74 Cr | +0.51% | +1.17% | — |
| Can Fin Homes Ltd. | Financial | 0.40% | ₹99.28 Cr | — | +0.59% | — |
| Central Bank of India | Financial | 0.40% | ₹99.07 Cr | — | — | — |
| Dalmia Cement (Bharat) Ltd | Materials | 0.40% | ₹98.76 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.40% | ₹99.27 Cr | +0.51% | — | — |
| Jio Credit Ltd. | Financial | 0.40% | ₹99.25 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.40% | ₹99.34 Cr | — | — | +0.90% |
| Lodha Developers Ltd. | Construction | 0.40% | ₹98.95 Cr | — | — | — |
| Manappuram Finance Ltd. | Financial | 0.40% | ₹99.14 Cr | +0.51% | +0.59% | — |
| Mirae Asset Sharekhan Financial Services Ltd. | Financial | 0.40% | ₹99.03 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.40% | ₹99.00 Cr | +0.51% | — | +0.90% |
| REC Ltd. | Financial | 0.40% | ₹99.66 Cr | — | — | — |
| TVS Credit Services Ltd. | Financial | 0.40% | ₹99.19 Cr | +0.51% | — | — |
| Union Bank of India | Financial | 0.40% | ₹99.58 Cr | +0.13% | +1.17% | +2.40% |
| Axis Bank Ltd. | Financial | 0.30% | ₹74.27 Cr | +0.51% | +1.61% | +1.80% |
| National Bank For Agriculture & Rural Development | Financial | 0.21% | ₹51.63 Cr | +4.84% | +1.76% | — |
| Aditya Birla Housing Finance Ltd. | Financial | 0.20% | ₹49.85 Cr | +0.51% | +1.46% | — |
| Ceat Ltd. | Automobile | 0.20% | ₹49.34 Cr | +0.25% | — | — |
| HDFC Securities Ltd. | Financial | 0.20% | ₹49.83 Cr | +0.51% | +1.17% | +0.90% |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.20% | ₹49.81 Cr | — | — | +0.91% |
| Power Finance Corporation Ltd. | Financial | 0.20% | ₹49.59 Cr | — | — | +0.16% |
| Punjab National Bank | Financial | 0.20% | ₹49.36 Cr | +1.02% | +1.47% | +1.80% |
| Indusind Bank Ltd. | Financial | 0.10% | ₹24.67 Cr | +0.89% | +0.88% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 0.84% | 3.24% | +2.40% |
| Bharti Telecom Ltd. | 0.00% | 1.48% | +1.48% |
| company:1570 | 1.16% | 0.00% | -1.16% |
| Axis Securities Ltd. | 0.18% | 1.20% | +1.02% |
| Reliance Retail Ventures Ltd. | 0.72% | 1.70% | +0.98% |
| Union Bank of India | 1.24% | 0.40% | -0.84% |
| Reliance Industries Ltd. | 0.00% | 0.80% | +0.80% |
| Tata Capital Housing Finance Ltd. | 0.00% | 0.80% | +0.80% |
| Axis Bank Ltd. | 1.06% | 0.30% | -0.76% |
| company:9848 | 0.72% | 0.00% | -0.72% |
| company:4842 | 0.71% | 0.00% | -0.71% |
| Aditya Birla Housing Finance Ltd. | 0.89% | 0.20% | -0.69% |
| Export-Import Bank Of India | 0.18% | 0.80% | +0.62% |
| Small Industries Devp. Bank of India Ltd. | 0.71% | 0.10% | -0.61% |
| Indian Oil Corporation Ltd. | 0.00% | 0.60% | +0.60% |
| Motilal Oswal Finevest Ltd. | 0.00% | 0.60% | +0.60% |
| company:5761 | 0.55% | 0.00% | -0.55% |
| company:14561 | 0.54% | 0.00% | -0.54% |
| company:407 | 0.54% | 0.00% | -0.54% |
| company:6892 | 0.54% | 0.00% | -0.54% |
| company:9978 | 0.54% | 0.00% | -0.54% |
| Bank Of Baroda | 0.18% | 0.70% | +0.52% |
| Punjab National Bank | 0.71% | 0.20% | -0.51% |
| Godrej Properties Ltd. | 0.00% | 0.50% | +0.50% |
| Network 18 Media & Investments Ltd. | 0.00% | 0.50% | +0.50% |
| Pilani Investment And Industries Corporation Ltd. | 0.00% | 0.50% | +0.50% |
| Godrej Consumer Products Ltd. | 0.36% | 0.80% | +0.44% |
| Dalmia Cement (Bharat) Ltd | 0.00% | 0.40% | +0.40% |
| company:12712 | 0.36% | 0.00% | -0.36% |
| Sikka Ports and Terminals Ltd. | 0.15% | 0.46% | +0.31% |
| Canara Bank | 0.71% | 1.00% | +0.29% |
| company:1272 | 0.27% | 0.00% | -0.27% |
| Bank of India | 0.54% | 0.80% | +0.26% |
| Indian Bank | 0.35% | 0.60% | +0.25% |
| Power Finance Corporation Ltd. | 0.00% | 0.20% | +0.20% |
| Aditya Birla Capital Ltd. | 0.62% | 0.80% | +0.18% |
| company:1102 | 0.18% | 0.00% | -0.18% |
| company:1697 | 0.18% | 0.00% | -0.18% |
| HDFC Securities Ltd. | 0.35% | 0.20% | -0.15% |
| Central Bank of India | 0.54% | 0.40% | -0.14% |
| HDFC Bank Ltd. | 0.36% | 0.50% | +0.14% |
| Bajaj Housing Finance Ltd. | 0.71% | 0.81% | +0.10% |
| Indusind Bank Ltd. | 0.00% | 0.10% | +0.10% |
| Bharat Petroleum Corporation Ltd. | 0.71% | 0.80% | +0.09% |
| PNB Housing Finance Ltd. | 0.71% | 0.80% | +0.09% |
| Yes Bank Ltd. | 0.71% | 0.80% | +0.09% |
| company:6306 | 0.09% | 0.00% | -0.09% |
| ICICI Securities Ltd. | 0.72% | 0.80% | +0.08% |
| Muthoot Fincorp Ltd. | 0.60% | 0.68% | +0.08% |
| Tata Projects Ltd. | 0.59% | 0.67% | +0.08% |
| Reserve Bank of India | 0.62% | 0.70% | +0.08% |
| Karur Vysya Bank Ltd. | 0.53% | 0.60% | +0.07% |
| Titan Company Ltd. | 0.53% | 0.60% | +0.07% |
| Kotak Mahindra Securities Ltd. | 0.44% | 0.50% | +0.06% |
| Arka Fincap Ltd. | 0.35% | 0.40% | +0.05% |
| Bajaj Financial Securities Ltd. | 0.35% | 0.40% | +0.05% |
| Can Fin Homes Ltd. | 0.35% | 0.40% | +0.05% |
| Hindustan Petroleum Corporation Ltd. | 0.35% | 0.40% | +0.05% |
| Jio Credit Ltd. | 0.35% | 0.40% | +0.05% |
| L&T Finance Ltd. | 0.35% | 0.40% | +0.05% |
| Lodha Developers Ltd. | 0.35% | 0.40% | +0.05% |
| Manappuram Finance Ltd. | 0.35% | 0.40% | +0.05% |
| Mirae Asset Sharekhan Financial Services Ltd. | 0.35% | 0.40% | +0.05% |
| Motilal Oswal Financial Services Ltd. | 0.35% | 0.40% | +0.05% |
| TVS Credit Services Ltd. | 0.35% | 0.40% | +0.05% |
| Birla Group Holdings Pvt. Ltd. | 0.36% | 0.40% | +0.04% |
| REC Ltd. | 0.36% | 0.40% | +0.04% |
| Others | 0.19% | 0.22% | +0.03% |
| Ceat Ltd. | 0.18% | 0.20% | +0.02% |
| Julius Baer Capital India Pvt Ltd. | 0.18% | 0.20% | +0.02% |
| National Bank For Agriculture & Rural Development | 0.09% | 0.10% | +0.01% |
| LIC Housing Finance Ltd. | 0.10% | 0.10% | 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 | ₹16,105 Cr | 0.20% | 6.5% | 6.6% | 6.7% |
 Axis Liquid Fund | ₹53,784 Cr | 0.23% | 6.5% | 6.6% | 6.7% |
 Edelweiss Liquid Fund | ₹17,831 Cr | 0.19% | 6.5% | 6.6% | 6.6% |
 Franklin India Liquid Fund | ₹4,811 Cr | 0.20% | 6.5% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹2,326 Cr | 0.15% | 6.5% | 6.6% | 6.7% |
 PGIM India Liquid Fund | ₹1,773 Cr | 0.22% | 6.4% | 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
- 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 months3.17% absolute | ₹60,000 | ₹61,902 | 3.17% | |
| 1 year6.41% annualised | ₹1,20,000 | ₹1,24,249 | 3.54% | |
| 3 years6.83% annualised | ₹3,60,000 | ₹4,00,550 | 11.26% | |
| 5 years6.34% annualised | ₹6,00,000 | ₹7,07,549 | 17.92% |
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 ₹4,049.73 as on 8 Nov 2026.
What is the expense ratio of DSP Liquid Fund?
The expense ratio of DSP Liquid Fund is 0.23% 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 6.5% over 1 year, 6.6% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on 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 ₹2,47,696 Cr under management.