HSBC Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹2,826.93+0.02%1 day
- Return since launch
- 4.7%
- 52-week range
- ₹2,656.33 — ₹2,825.23
- AUM
- ₹22,961 Cr
HSBC Liquid Fund is a Liquid debt fund from HSBC Mutual Fund with ₹22,961 Cr under management, launched in 2004. Over three years it has returned 6.6% a year, against 6.7% for its category. The expense ratio is 0.22% and the SEBI riskometer reading is Low to Moderate.
Performance
HSBC 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 | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 3Y | 6.6% | −0.2 pts | 6.7% | 6.5% |
| 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 | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.2% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 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% | +0.1 pts | 6.0% | 6.0% |
Since launch (1 Jun 2004): 4.7%
Calendar-year returns
Category average4.1%
3.2%
4.8%
7.0%
7.3%
6.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | +0.1 pts | 6.4% |
| 2024 | 7.3% | 0.0 pts | 7.3% |
| 2023 | 7.0% | +0.1 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.2% | 0.0 pts | 3.3% |
| 2020 | 4.1% | +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
0.22%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.19%
- 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 | 4.69 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 12.00 | 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
HSBC Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt92.8%
- Other7.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 4.18% | ₹965 Cr | +2.52% | +7.34% | +2.68% |
| Reserve Bank of India | Financial | 4.00% | ₹922 Cr | +2.28% | +5.71% | +3.36% |
| NTPC Ltd. | Energy | 3.90% | ₹897 Cr | +2.41% | — | — |
| Export-Import Bank Of India | Financial | 2.26% | ₹522 Cr | +1.52% | +1.46% | +2.02% |
| Bank Of Baroda | Financial | 2.16% | ₹498 Cr | +1.01% | +2.21% | +1.34% |
| Bank of India | Financial | 2.15% | ₹494 Cr | +1.25% | — | — |
| ICICI Securities Ltd. | Financial | 1.94% | ₹446 Cr | +0.88% | +1.47% | +2.01% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.83% | ₹423 Cr | +5.02% | +3.68% | +6.76% |
| Tata Capital Ltd. | Financial | 1.71% | ₹394 Cr | — | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.62% | ₹372 Cr | — | — | — |
| Canara Bank | Financial | 1.29% | ₹297 Cr | +1.01% | +1.65% | +2.01% |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 1.29% | ₹297 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 1.29% | ₹298 Cr | +2.51% | +2.21% | +1.34% |
| Power Finance Corporation Ltd. | Financial | 1.29% | ₹298 Cr | — | — | — |
| REC Ltd. | Financial | 1.29% | ₹297 Cr | — | +2.20% | — |
| Reliance Industries Ltd. | Energy | 1.29% | ₹296 Cr | — | — | — |
| Indian Bank | Financial | 1.08% | ₹249 Cr | +0.51% | +0.18% | +1.68% |
| Bajaj Finance Ltd. | Financial | 0.86% | ₹199 Cr | +0.76% | +0.74% | +1.67% |
| Kotak Mahindra Securities Ltd. | Financial | 0.86% | ₹198 Cr | +0.76% | +1.11% | +0.50% |
| Reliance Retail Ventures Ltd. | Services | 0.86% | ₹198 Cr | +1.26% | +1.47% | +1.68% |
| SRF Ltd. | Chemicals | 0.86% | ₹198 Cr | — | — | +1.35% |
| Sikka Ports and Terminals Ltd. | Energy | 0.86% | ₹198 Cr | +1.01% | — | +1.68% |
| Titan Company Ltd. | Consumer Discretionary | 0.86% | ₹199 Cr | — | — | +1.51% |
| HDFC Securities Ltd. | Financial | 0.65% | ₹150 Cr | +0.76% | +1.47% | +1.33% |
| Aditya Birla Capital Ltd. | Financial | 0.64% | ₹149 Cr | +0.76% | — | +0.50% |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.64% | ₹148 Cr | +0.50% | +1.11% | +0.67% |
| Mirae Asset Sharekhan Financial Services Ltd. | Financial | 0.64% | ₹148 Cr | +0.75% | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.64% | ₹148 Cr | +1.00% | +0.92% | +1.34% |
| Union Bank of India | Financial | 0.64% | ₹148 Cr | +1.01% | +1.84% | +0.67% |
| 360 ONE Wealth Ltd. | Financial | 0.43% | ₹98.31 Cr | +0.51% | — | +0.67% |
| 360 One Wam Ltd. | Financial | 0.43% | ₹98.31 Cr | — | +0.73% | +0.67% |
| Bajaj Financial Securities Ltd. | Financial | 0.43% | ₹99.63 Cr | +0.75% | — | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.43% | ₹99.06 Cr | +0.50% | +0.73% | — |
| Dalmia Cement (Bharat) Ltd | Materials | 0.43% | ₹98.64 Cr | — | — | +0.50% |
| Godrej Agrovet Ltd. | Consumer Staples | 0.43% | ₹99.31 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.43% | ₹99.27 Cr | — | — | — |
| Indian Oil Corporation Ltd. | Energy | 0.43% | ₹98.84 Cr | — | — | +2.02% |
| Mirae Asset Capital Markets (India) Pvt. Ltd. | Financial | 0.43% | ₹99.15 Cr | — | — | — |
| Muthoot Fincorp Ltd. | Financial | 0.43% | ₹99.24 Cr | +1.00% | — | — |
| Network 18 Media & Investments Ltd. | Services | 0.43% | ₹99.40 Cr | +0.76% | +0.55% | +1.18% |
| SBICAP Securities Ltd. | Financial | 0.43% | ₹98.78 Cr | — | +1.47% | +0.67% |
| Tata Communications Ltd. | Communication | 0.43% | ₹99.66 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.32% | ₹74.23 Cr | +0.38% | +0.56% | +0.51% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.32% | ₹73.96 Cr | +0.75% | — | — |
| Axis Bank Ltd. | Financial | 0.21% | ₹49.35 Cr | +0.50% | +2.57% | +1.34% |
| Others | Others | -8.57% | ₹-1,990.88 Cr | +0.54% | +0.78% | +0.70% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| NTPC Ltd. | 0.00% | 3.90% | +3.90% |
| HDFC Bank Ltd. | 0.82% | 3.43% | +2.61% |
| Bank of India | 0.00% | 2.15% | +2.15% |
| Union Bank of India | 2.38% | 0.64% | -1.74% |
| Tata Capital Ltd. | 0.00% | 1.71% | +1.71% |
| Bank Of Baroda | 0.47% | 2.16% | +1.69% |
| Reliance Industries Ltd. | 0.00% | 1.29% | +1.29% |
| company:1308 | 1.19% | 0.00% | -1.19% |
| Reserve Bank of India | 2.96% | 4.00% | +1.04% |
| ICICI Securities Ltd. | 0.94% | 1.94% | +1.00% |
| company:5932 | 0.95% | 0.00% | -0.95% |
| Sikka Ports and Terminals Ltd. | 0.00% | 0.86% | +0.86% |
| Indian Oil Corporation Ltd. | 1.19% | 0.43% | -0.76% |
| Julius Baer Capital India Pvt Ltd. | 0.00% | 0.64% | +0.64% |
| Muthoot Fincorp Ltd. | 0.95% | 0.43% | -0.52% |
| SBICAP Securities Ltd. | 0.94% | 0.43% | -0.51% |
| company:12429 | 0.48% | 0.00% | -0.48% |
| company:434 | 0.47% | 0.00% | -0.47% |
| 360 ONE Wealth Ltd. | 0.00% | 0.43% | +0.43% |
| 360 One Wam Ltd. | 0.00% | 0.43% | +0.43% |
| Bajaj Financial Securities Ltd. | 0.00% | 0.43% | +0.43% |
| Dalmia Cement (Bharat) Ltd | 0.00% | 0.43% | +0.43% |
| Tata Communications Ltd. | 0.00% | 0.43% | +0.43% |
| Pilani Investment And Industries Corporation Ltd. | 0.71% | 0.32% | -0.39% |
| National Bank For Agriculture & Rural Development | 0.95% | 1.29% | +0.34% |
| Reliance Retail Ventures Ltd. | 1.19% | 0.86% | -0.33% |
| Motilal Oswal Financial Services Ltd. | 0.95% | 0.64% | -0.31% |
| Kotak Mahindra Securities Ltd. | 0.71% | 0.86% | +0.15% |
| Bharat Petroleum Corporation Ltd. | 1.77% | 1.62% | -0.15% |
| Canara Bank | 1.41% | 1.29% | -0.12% |
| LIC Housing Finance Ltd. GDR/GDS | 1.41% | 1.29% | -0.12% |
| Power Finance Corporation Ltd. | 1.41% | 1.29% | -0.12% |
| REC Ltd. | 1.41% | 1.29% | -0.12% |
| Indian Bank | 1.18% | 1.08% | -0.10% |
| Axis Bank Ltd. | 0.12% | 0.21% | +0.09% |
| Bajaj Finance Ltd. | 0.94% | 0.86% | -0.08% |
| Export-Import Bank Of India | 0.94% | 0.86% | -0.08% |
| SRF Ltd. | 0.94% | 0.86% | -0.08% |
| Small Industries Devp. Bank of India Ltd. | 0.94% | 0.86% | -0.08% |
| Titan Company Ltd. | 0.94% | 0.86% | -0.08% |
| Mirae Asset Sharekhan Financial Services Ltd. | 0.71% | 0.64% | -0.07% |
| Aditya Birla Capital Ltd. | 0.70% | 0.64% | -0.06% |
| Birla Group Holdings Pvt. Ltd. | 0.48% | 0.43% | -0.05% |
| HDFC Securities Ltd. | 0.70% | 0.65% | -0.05% |
| Godrej Agrovet Ltd. | 0.47% | 0.43% | -0.04% |
| Hindustan Petroleum Corporation Ltd. | 0.47% | 0.43% | -0.04% |
| Mirae Asset Capital Markets (India) Pvt. Ltd. | 0.47% | 0.43% | -0.04% |
| Network 18 Media & Investments Ltd. | 0.47% | 0.43% | -0.04% |
| Godrej Industries Ltd. | 0.35% | 0.32% | -0.03% |
| Others | 0.26% | 0.24% | -0.02% |
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 aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities.
Fund managers
- Abhishek IyerMr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) EconomicsPrior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
- Rahul TotlaMr. Totla is an MBA (Finance)Prior to joining Edelweiss AMC he has worked with Godfrey Philips India.
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 months3.18% absolute | ₹60,000 | ₹61,908 | 3.18% | |
| 1 year6.37% annualised | ₹1,20,000 | ₹1,24,222 | 3.52% | |
| 3 years6.80% annualised | ₹3,60,000 | ₹4,00,360 | 11.21% | |
| 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 HSBC Liquid Fund?
The NAV of HSBC Liquid Fund is ₹2,826.93 as on 9 Nov 2026.
What is the expense ratio of HSBC Liquid Fund?
The expense ratio of HSBC Liquid Fund is 0.22% per year.
What is the minimum SIP amount for HSBC Liquid Fund?
You can start a SIP in HSBC Liquid Fund with ₹3,000 a month.
What returns has HSBC Liquid Fund given?
HSBC Liquid Fund has returned 6.4% over 1 year, 6.6% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on HSBC 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 HSBC Liquid Fund?
HSBC Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages HSBC Liquid Fund?
HSBC Liquid Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,58,065 Cr under management.