HSBC Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹2,806.49+0.01%1 day
- Return since launch
- 4.7%
- 52-week range
- ₹2,637.92 — ₹2,806.34
- AUM
- ₹20,975 Cr
HSBC Liquid Fund is a Liquid debt fund from HSBC Mutual Fund with ₹20,975 Cr under management, launched in 2004. Over three years it has returned 6.6% a year, against 6.8% 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 +6.4% 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 | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.4% |
| 3Y | 6.6% | −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 | 1.6% | 1.6% |
| 6M | 3.4% | +0.1 pts | 3.4% | 3.4% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.6% | +0.1 pts | 6.5% | 6.5% |
| 3Y | 6.8% | +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 (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 23 Sep 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 | 4.65 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 11.15 | 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
HSBC Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt92.9%
- Other7.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.40% | ₹1,548 Cr | +0.99% | +0.90% | +0.93% |
| Reserve Bank of India | Financial | 2.96% | ₹620 Cr | +2.77% | +4.30% | +3.01% |
| Union Bank of India | Financial | 2.38% | ₹498 Cr | +1.22% | +0.84% | — |
| Export-Import Bank Of India | Financial | 2.37% | ₹497 Cr | +1.84% | +2.22% | +1.80% |
| company:514 | Energy | 1.77% | ₹370 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.53% | ₹322 Cr | +4.92% | +2.78% | +6.04% |
| Canara Bank | Financial | 1.41% | ₹296 Cr | +1.83% | +1.66% | +1.80% |
| company:18495 | Financial | 1.41% | ₹296 Cr | — | — | — |
| company:4907 | Financial | 1.41% | ₹296 Cr | — | — | — |
| company:4975 | Financial | 1.41% | ₹296 Cr | +1.86% | — | — |
| Grasim Industries Ltd. | Materials | 1.19% | ₹250 Cr | +1.55% | — | — |
| Indian Oil Corporation Ltd. | Energy | 1.19% | ₹249 Cr | — | — | +1.81% |
| Reliance Retail Ventures Ltd. | Services | 1.19% | ₹250 Cr | +1.86% | +1.11% | +1.50% |
| Indian Bank | Financial | 1.18% | ₹248 Cr | +0.61% | +0.84% | +1.51% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.95% | ₹200 Cr | — | +1.12% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.95% | ₹200 Cr | +0.78% | — | +1.20% |
| Muthoot Fincorp Ltd. | Financial | 0.95% | ₹200 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.95% | ₹200 Cr | +2.79% | +1.67% | +1.20% |
| Bajaj Finance Ltd. | Financial | 0.94% | ₹197 Cr | +0.92% | +1.41% | — |
| ICICI Securities Ltd. | Financial | 0.94% | ₹197 Cr | +1.24% | +0.56% | +1.80% |
| company:17330 | Financial | 0.94% | ₹197 Cr | +1.24% | +0.84% | +0.60% |
| company:3256 | Chemicals | 0.94% | ₹197 Cr | — | — | +1.21% |
| company:3977 | Consumer Discretionary | 0.94% | ₹197 Cr | +0.93% | +2.20% | +1.22% |
| HDFC Bank Ltd. | Financial | 0.82% | ₹173 Cr | +1.22% | +1.55% | +1.81% |
| Kotak Mahindra Securities Ltd. | Financial | 0.71% | ₹148 Cr | +0.91% | +1.12% | +0.90% |
| Mirae Asset Sharekhan Financial Services Ltd. | Financial | 0.71% | ₹150 Cr | — | — | — |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.71% | ₹150 Cr | — | — | +0.46% |
| HDFC Securities Ltd. | Financial | 0.70% | ₹148 Cr | +0.91% | +1.11% | +1.80% |
| company:14725 | Financial | 0.70% | ₹148 Cr | +0.92% | +0.84% | +0.90% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.48% | ₹99.83 Cr | +0.61% | +0.69% | +0.30% |
| L&T Finance Ltd. | Financial | 0.48% | ₹99.64 Cr | +1.24% | — | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 0.47% | ₹99.59 Cr | — | — | +0.30% |
| Bank Of Baroda | Financial | 0.47% | ₹98.54 Cr | +1.22% | +1.66% | +3.02% |
| Network 18 Media & Investments Ltd. | Services | 0.47% | ₹98.88 Cr | +0.92% | +0.42% | +1.05% |
| company:1529 | Energy | 0.47% | ₹98.73 Cr | +2.16% | — | — |
| company:18899 | Financial | 0.47% | ₹98.57 Cr | — | +0.56% | — |
| company:8152 | Consumer Staples | 0.47% | ₹98.74 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.35% | ₹73.85 Cr | +0.46% | +0.42% | +0.46% |
| Axis Bank Ltd. | Financial | 0.12% | ₹25.00 Cr | +0.61% | +1.11% | +1.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:514 | 0.00% | 1.77% | +1.77% |
| National Bank For Agriculture & Rural Development | 2.48% | 0.95% | -1.53% |
| company:18495 | 0.00% | 1.41% | +1.41% |
| company:4907 | 0.00% | 1.41% | +1.41% |
| company:4975 | 0.00% | 1.41% | +1.41% |
| Bank of India | 1.24% | 0.00% | -1.24% |
| Kotak Mahindra Bank Ltd. | 1.12% | 0.00% | -1.12% |
| company:17330 | 0.00% | 0.94% | +0.94% |
| company:3256 | 0.00% | 0.94% | +0.94% |
| company:3977 | 0.00% | 0.94% | +0.94% |
| Indian Bank | 0.37% | 1.18% | +0.81% |
| Axis Securities Ltd. | 0.74% | 0.00% | -0.74% |
| Bajaj Financial Securities Ltd. | 0.74% | 0.00% | -0.74% |
| company:14725 | 0.00% | 0.70% | +0.70% |
| Bank Of Baroda | 0.99% | 0.47% | -0.52% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.50% | 0.00% | -0.50% |
| Julius Baer Capital India Pvt Ltd. | 0.50% | 0.00% | -0.50% |
| The Federal Bank Ltd. | 0.49% | 0.00% | -0.49% |
| company:1529 | 0.00% | 0.47% | +0.47% |
| company:18899 | 0.00% | 0.47% | +0.47% |
| company:8152 | 0.00% | 0.47% | +0.47% |
| HDFC Bank Ltd. | 1.24% | 0.82% | -0.42% |
| Canara Bank | 0.99% | 1.41% | +0.42% |
| Axis Bank Ltd. | 0.50% | 0.12% | -0.38% |
| Network 18 Media & Investments Ltd. | 0.75% | 0.47% | -0.28% |
| Punjab National Bank | 0.25% | 0.00% | -0.25% |
| Bajaj Finance Ltd. | 0.75% | 0.94% | +0.19% |
| Export-Import Bank Of India | 0.75% | 0.94% | +0.19% |
| Reserve Bank of India | 3.08% | 2.96% | -0.12% |
| Union Bank of India | 2.47% | 2.38% | -0.09% |
| ICICI Securities Ltd. | 0.87% | 0.94% | +0.07% |
| Grasim Industries Ltd. | 1.24% | 1.19% | -0.05% |
| HDFC Securities Ltd. | 0.75% | 0.70% | -0.05% |
| Indian Oil Corporation Ltd. | 1.24% | 1.19% | -0.05% |
| Reliance Retail Ventures Ltd. | 1.24% | 1.19% | -0.05% |
| Godrej Consumer Products Ltd. | 0.99% | 0.95% | -0.04% |
| Kotak Mahindra Securities Ltd. | 0.75% | 0.71% | -0.04% |
| Motilal Oswal Financial Services Ltd. | 0.99% | 0.95% | -0.04% |
| Muthoot Fincorp Ltd. | 0.99% | 0.95% | -0.04% |
| Small Industries Devp. Bank of India Ltd. | 0.98% | 0.94% | -0.04% |
| Mirae Asset Sharekhan Financial Services Ltd. | 0.74% | 0.71% | -0.03% |
| Pilani Investment And Industries Corporation Ltd. | 0.74% | 0.71% | -0.03% |
| Balrampur Chini Mills Ltd. | 0.49% | 0.47% | -0.02% |
| Birla Group Holdings Pvt. Ltd. | 0.50% | 0.48% | -0.02% |
| Godrej Industries Ltd. | 0.37% | 0.35% | -0.02% |
| L&T Finance Ltd. | 0.50% | 0.48% | -0.02% |
| Others | 0.27% | 0.26% | -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 | ₹22,488 Cr | 0.19% | 6.7% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.7% | 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% | 6.7% | 6.7% | 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 months3.43% absolute | ₹60,000 | ₹62,058 | 3.43% | |
| 1 year6.38% annualised | ₹1,20,000 | ₹1,24,229 | 3.52% | |
| 3 years6.85% annualised | ₹3,60,000 | ₹4,00,677 | 11.30% | |
| 5 years6.27% annualised | ₹6,00,000 | ₹7,06,234 | 17.71% |
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 ₹2,806.49 as on 24 Sep 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 6.6% 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 ₹1,44,068 Cr under management.