Kotak Liquid Fund
LiquidModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹5,728.90+0.03%1 day
- Return since launch
- 6.8%
- 52-week range
- ₹5,384.90 — ₹5,725.38
- AUM
- ₹42,047 Cr
Kotak Liquid Fund is a Liquid debt fund from Kotak Mahindra Mutual Fund with ₹42,047 Cr under management, launched in 2003. Over three years it has returned 6.5% a year, against 6.7% for its category. The expense ratio is 0.33% and the SEBI riskometer reading is Moderate.
Performance
Kotak 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 +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.3% | +0.1 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% | +0.4 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 | 0.4% | 0.5% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.5% |
| 6M | 3.1% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 pts | 6.4% | 6.4% |
| 3Y | 6.8% | 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 | 6.0% | 0.0 pts | 6.0% | 6.0% |
Since launch (4 Nov 2003): 6.8%
Calendar-year returns
Category average4.1%
3.2%
4.7%
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% | 0.0 pts | 7.0% |
| 2022 | 4.7% | −0.1 pts | 4.8% |
| 2021 | 3.2% | −0.1 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
0.33%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.28%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- 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.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid 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 | 4.47 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 10.51 | 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
Kotak Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt111.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 4.13% | ₹1,738 Cr | +1.25% | +2.97% | +1.68% |
| Reserve Bank of India | Financial | 3.43% | ₹1,441 Cr | +0.87% | +4.82% | +1.68% |
| Reliance Retail Ventures Ltd. | Services | 2.96% | ₹1,244 Cr | +0.62% | +2.97% | +0.84% |
| Indusind Bank Ltd. | Financial | 2.35% | ₹987 Cr | +1.99% | +1.33% | +0.93% |
| Indian Overseas Bank | Financial | 1.78% | ₹750 Cr | — | — | +3.35% |
| Punjab National Bank | Financial | 1.19% | ₹500 Cr | +1.24% | +2.98% | +6.62% |
| Union Bank of India | Financial | 1.19% | ₹499 Cr | +0.62% | +0.67% | +0.08% |
| Canara Bank | Financial | 1.18% | ₹495 Cr | +1.25% | +0.74% | +1.68% |
| Central Bank of India | Financial | 1.18% | ₹495 Cr | +0.37% | +1.48% | — |
| City Union Bank Ltd. | Financial | 1.18% | ₹496 Cr | +1.25% | — | — |
| NTPC Ltd. | Energy | 1.18% | ₹494 Cr | +2.50% | — | — |
| Power Finance Corporation Ltd. | Financial | 1.18% | ₹496 Cr | +0.13% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.18% | ₹494 Cr | +0.68% | +1.03% | +0.17% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.18% | ₹495 Cr | +1.24% | +0.30% | — |
| Bajaj Finance Ltd. | Financial | 1.17% | ₹494 Cr | — | +1.48% | +1.69% |
| Bank of India | Financial | 1.17% | ₹494 Cr | +0.62% | — | +0.84% |
| Punjab & Sind Bank | Financial | 1.17% | ₹494 Cr | +0.50% | +0.59% | +1.68% |
| Export-Import Bank Of India | Financial | 1.06% | ₹445 Cr | +1.36% | +0.89% | — |
| PNB Housing Finance Ltd. | Financial | 0.95% | ₹397 Cr | +1.24% | — | +2.36% |
| DSP Finance Pvt Ltd. | Financial | 0.82% | ₹346 Cr | +0.12% | +0.30% | +0.50% |
| Bajaj Financial Securities Ltd. | Financial | 0.71% | ₹299 Cr | +0.05% | +0.30% | +0.34% |
| CESC Ltd. | Energy | 0.70% | ₹296 Cr | — | +0.89% | +0.34% |
| JSW Energy Ltd. | Capital Goods | 0.70% | ₹295 Cr | — | — | — |
| Motilal Oswal Finevest Ltd. | Financial | 0.70% | ₹295 Cr | +0.25% | — | — |
| Aseem Infrastructure Finance Ltd. | Financial | 0.59% | ₹247 Cr | — | — | +0.34% |
| Axis Bank Ltd. | Financial | 0.59% | ₹248 Cr | +0.25% | +0.15% | +0.08% |
| Can Fin Homes Ltd. | Financial | 0.59% | ₹247 Cr | +0.62% | +0.68% | — |
| DCB Bank Ltd. | Financial | 0.59% | ₹248 Cr | +0.62% | +0.74% | — |
| HDFC Securities Ltd. | Financial | 0.59% | ₹248 Cr | +0.25% | +0.60% | +0.34% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.59% | ₹248 Cr | +0.37% | — | — |
| Reliance Industries Ltd. | Energy | 0.59% | ₹247 Cr | — | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.59% | ₹249 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 0.59% | ₹250 Cr | +0.75% | — | +0.42% |
| Yes Bank Ltd. | Financial | 0.59% | ₹247 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 0.55% | ₹233 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 0.54% | ₹225 Cr | +0.37% | — | — |
| Bank Of Baroda | Financial | 0.53% | ₹223 Cr | +0.01% | +1.34% | +0.84% |
| REC Ltd. | Financial | 0.53% | ₹224 Cr | +1.24% | +0.30% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.53% | ₹222 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 0.47% | ₹197 Cr | — | — | +0.50% |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.47% | ₹200 Cr | +0.62% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.47% | ₹199 Cr | — | — | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.47% | ₹197 Cr | +0.68% | +0.30% | — |
| Fedbank Financial Services Ltd. | Financial | 0.47% | ₹197 Cr | — | +0.44% | — |
| ICICI Securities Ltd. | Financial | 0.47% | ₹198 Cr | +0.12% | +1.18% | +0.50% |
| SBICAP Securities Ltd. | Financial | 0.47% | ₹197 Cr | +0.25% | +0.59% | +0.84% |
| Aditya Birla Money Ltd. | Financial | 0.35% | ₹148 Cr | +0.25% | +0.45% | — |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.35% | ₹149 Cr | — | — | — |
| CTBC Bank Ltd. | Financial | 0.35% | ₹149 Cr | — | — | — |
| IIFL Finance Ltd. | Financial | 0.35% | ₹148 Cr | +1.12% | +0.44% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.35% | ₹148 Cr | +0.37% | +0.59% | +1.35% |
| Nuvama Wealth and Investment Limited | Financial | 0.35% | ₹148 Cr | +0.12% | +0.30% | +0.34% |
| Muthoot Fincorp Ltd. | Financial | 0.29% | ₹123 Cr | — | — | — |
| Network 18 Media & Investments Ltd. | Services | 0.29% | ₹123 Cr | +0.74% | — | +0.42% |
| AU Small Finance Bank Ltd. | Financial | 0.24% | ₹99.24 Cr | +0.12% | — | +0.34% |
| Axis Securities Ltd. | Others | 0.24% | ₹98.98 Cr | +0.37% | — | +0.50% |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.24% | ₹98.88 Cr | +0.37% | +0.59% | — |
| IGH Holdings Pvt. Ltd. | Communication | 0.23% | ₹98.63 Cr | +0.50% | +0.30% | — |
| JM Financial Services Pvt. Ltd. | Financial | 0.23% | ₹98.57 Cr | — | — | — |
| Manappuram Finance Ltd. | Financial | 0.23% | ₹98.47 Cr | +0.31% | +0.37% | — |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.23% | ₹98.76 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 0.19% | ₹78.90 Cr | +0.62% | +0.74% | — |
| Godrej Industries Ltd. | Consumer Staples | 0.18% | ₹74.45 Cr | — | +0.22% | +0.25% |
| IIFL Capital Services Ltd | Financial | 0.18% | ₹73.72 Cr | +0.49% | +0.59% | +0.67% |
| LIC Housing Finance Ltd. | Financial | 0.12% | ₹50.06 Cr | +0.50% | +0.07% | +1.68% |
| NJ Capital Pvt Ltd. | Financial | 0.12% | ₹49.30 Cr | +0.12% | — | — |
| Muthoot Finance Ltd. | Financial | 0.06% | ₹24.69 Cr | — | — | — |
| Tata Capital Financial Services Ltd. | Financial | 0.06% | ₹25.03 Cr | — | — | — |
| Indian Bank | Financial | 0.04% | ₹14.84 Cr | +1.25% | — | +3.37% |
| Sundaram Finance Ltd. | Financial | 0.04% | ₹17.01 Cr | — | — | — |
| Others | Others | -11.12% | ₹-4,652.59 Cr | +0.75% | +0.90% | +0.99% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Indusind Bank Ltd. | 0.00% | 2.35% | +2.35% |
| Reliance Retail Ventures Ltd. | 1.02% | 2.96% | +1.94% |
| company:1643 | 1.22% | 0.00% | -1.22% |
| NTPC Ltd. | 0.00% | 1.18% | +1.18% |
| Bajaj Finance Ltd. | 0.00% | 1.17% | +1.17% |
| company:1697 | 1.01% | 0.00% | -1.01% |
| Punjab & Sind Bank | 0.41% | 1.17% | +0.76% |
| company:3977 | 0.76% | 0.00% | -0.76% |
| CESC Ltd. | 0.00% | 0.70% | +0.70% |
| JSW Energy Ltd. | 0.00% | 0.70% | +0.70% |
| Bank of India | 0.51% | 1.17% | +0.66% |
| Small Industries Devp. Bank of India Ltd. | 0.56% | 1.18% | +0.62% |
| company:4578 | 0.61% | 0.00% | -0.61% |
| National Bank For Agriculture & Rural Development | 3.52% | 4.13% | +0.61% |
| Aseem Infrastructure Finance Ltd. | 0.00% | 0.59% | +0.59% |
| Axis Bank Ltd. | 0.00% | 0.59% | +0.59% |
| Can Fin Homes Ltd. | 0.00% | 0.59% | +0.59% |
| Reliance Industries Ltd. | 0.00% | 0.59% | +0.59% |
| Yes Bank Ltd. | 0.00% | 0.59% | +0.59% |
| Bharti Telecom Ltd. | 0.00% | 0.54% | +0.54% |
| Torrent Pharmaceuticals Ltd. | 0.00% | 0.53% | +0.53% |
| HDFC Bank Ltd. | 0.71% | 0.19% | -0.52% |
| Reserve Bank of India | 2.92% | 3.43% | +0.51% |
| company:12712 | 0.51% | 0.00% | -0.51% |
| company:1308 | 0.51% | 0.00% | -0.51% |
| company:19815 | 0.51% | 0.00% | -0.51% |
| company:4726 | 0.51% | 0.00% | -0.51% |
| company:7769 | 0.51% | 0.00% | -0.51% |
| company:9186 | 0.51% | 0.00% | -0.51% |
| Motilal Oswal Finevest Ltd. | 0.20% | 0.70% | +0.50% |
| 360 ONE Wealth Ltd. | 0.00% | 0.47% | +0.47% |
| Bharat Petroleum Corporation Ltd. | 0.00% | 0.47% | +0.47% |
| company:19777 | 0.41% | 0.00% | -0.41% |
| company:2595 | 0.41% | 0.00% | -0.41% |
| company:5897 | 0.41% | 0.00% | -0.41% |
| company:14064 | 0.40% | 0.00% | -0.40% |
| Bahadur Chand Investments Pvt. Ltd. | 0.00% | 0.35% | +0.35% |
| CTBC Bank Ltd. | 0.00% | 0.35% | +0.35% |
| Network 18 Media & Investments Ltd. | 0.61% | 0.29% | -0.32% |
| company:17814 | 0.31% | 0.00% | -0.31% |
| LIC Housing Finance Ltd. | 0.41% | 0.12% | -0.29% |
| Muthoot Fincorp Ltd. | 0.00% | 0.29% | +0.29% |
| SBICAP Securities Ltd. | 0.20% | 0.47% | +0.27% |
| Indian Overseas Bank | 1.52% | 1.78% | +0.26% |
| AU Small Finance Bank Ltd. | 0.00% | 0.24% | +0.24% |
| JM Financial Services Pvt. Ltd. | 0.00% | 0.23% | +0.23% |
| Pilani Investment And Industries Corporation Ltd. | 0.00% | 0.23% | +0.23% |
| IIFL Capital Services Ltd | 0.41% | 0.18% | -0.23% |
| company:12736 | 0.20% | 0.00% | -0.20% |
| IGH Holdings Pvt. Ltd. | 0.41% | 0.23% | -0.18% |
| Canara Bank | 1.00% | 1.18% | +0.18% |
| Central Bank of India | 1.00% | 1.18% | +0.18% |
| City Union Bank Ltd. | 1.00% | 1.18% | +0.18% |
| The Jammu & Kashmir Bank Ltd. | 1.00% | 1.18% | +0.18% |
| Power Finance Corporation Ltd. | 1.01% | 1.18% | +0.17% |
| Punjab National Bank | 1.02% | 1.19% | +0.17% |
| Union Bank of India | 1.02% | 1.19% | +0.17% |
| Fedbank Financial Services Ltd. | 0.31% | 0.47% | +0.16% |
| company:1166 | 0.15% | 0.00% | -0.15% |
| company:17927 | 0.15% | 0.00% | -0.15% |
| Aditya Birla Money Ltd. | 0.20% | 0.35% | +0.15% |
| PNB Housing Finance Ltd. | 0.81% | 0.95% | +0.14% |
| DSP Finance Pvt Ltd. | 0.70% | 0.82% | +0.12% |
| Bajaj Financial Securities Ltd. | 0.61% | 0.71% | +0.10% |
| Birla Group Holdings Pvt. Ltd. | 0.56% | 0.47% | -0.09% |
| DCB Bank Ltd. | 0.50% | 0.59% | +0.09% |
| HDFC Securities Ltd. | 0.50% | 0.59% | +0.09% |
| Hindustan Petroleum Corporation Ltd. | 0.50% | 0.59% | +0.09% |
| Tata Capital Housing Finance Ltd. | 0.50% | 0.59% | +0.09% |
| The Federal Bank Ltd. | 0.51% | 0.59% | +0.08% |
| Adani Ports and Special Economic Zone Ltd. | 0.40% | 0.47% | +0.07% |
| ICICI Securities Ltd. | 0.40% | 0.47% | +0.07% |
| REC Ltd. | 0.40% | 0.47% | +0.07% |
| Export-Import Bank Of India | 1.12% | 1.06% | -0.06% |
| Muthoot Finance Ltd. | 0.00% | 0.06% | +0.06% |
| Tata Capital Financial Services Ltd. | 0.00% | 0.06% | +0.06% |
| Bajaj Housing Finance Ltd. | 0.50% | 0.55% | +0.05% |
| company:19234 | 0.05% | 0.00% | -0.05% |
| Motilal Oswal Financial Services Ltd. | 0.30% | 0.35% | +0.05% |
| Nuvama Wealth and Investment Limited | 0.30% | 0.35% | +0.05% |
| Others | 0.23% | 0.27% | +0.04% |
| Sundaram Finance Ltd. | 0.00% | 0.04% | +0.04% |
| Axis Securities Ltd. | 0.20% | 0.24% | +0.04% |
| IIFL Finance Ltd. | 0.31% | 0.35% | +0.04% |
| Julius Baer Capital India Pvt Ltd. | 0.20% | 0.24% | +0.04% |
| Godrej Industries Ltd. | 0.15% | 0.18% | +0.03% |
| Indian Bank | 0.01% | 0.04% | +0.03% |
| Bank Of Baroda | 0.51% | 0.53% | +0.02% |
| Manappuram Finance Ltd. | 0.25% | 0.23% | -0.02% |
| NJ Capital Pvt Ltd. | 0.10% | 0.12% | +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% | 6.6% | 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 provide a high level of liquidity along with reasonable returns through investments in money and other short-term debt instruments.
Fund managers
- Deepak AgrawalMr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.He has been associated with Kotak AMC since 2002.
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 months3.16% absolute | ₹60,000 | ₹61,896 | 3.16% | |
| 1 year6.34% annualised | ₹1,20,000 | ₹1,24,202 | 3.50% | |
| 3 years6.77% annualised | ₹3,60,000 | ₹4,00,170 | 11.16% | |
| 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 Kotak Liquid Fund?
The NAV of Kotak Liquid Fund is ₹5,728.90 as on 9 Nov 2026.
What is the expense ratio of Kotak Liquid Fund?
The expense ratio of Kotak Liquid Fund is 0.33% per year.
What is the minimum SIP amount for Kotak Liquid Fund?
You can start a SIP in Kotak Liquid Fund with ₹3,000 a month.
What returns has Kotak Liquid Fund given?
Kotak Liquid Fund has returned 6.4% over 1 year, 6.5% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on Kotak 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 Kotak Liquid Fund?
Kotak Liquid Fund is rated Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages Kotak Liquid Fund?
Kotak Liquid Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.