Kotak Liquid Fund
LiquidModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹5,688.11+0.01%1 day
- Return since launch
- 6.8%
- 52-week range
- ₹5,347.69 — ₹5,687.75
- AUM
- ₹49,073 Cr
Kotak Liquid Fund is a Liquid debt fund from Kotak Mahindra Mutual Fund with ₹49,073 Cr under management, launched in 2003. Over three years it has returned 6.6% a year, against 6.8% 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 +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.2 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 | 6.6% | +0.4 pts | 6.2% | 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 | 0.5% | 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 | 6.2% | 0.0 pts | 6.2% | 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 22 Sep 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 | 4.51 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 10.36 | 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
Kotak Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt98.2%
- Other1.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 3.52% | ₹1,729 Cr | +1.23% | +2.30% | +1.22% |
| Reserve Bank of India | Financial | 2.92% | ₹1,435 Cr | +1.23% | +3.74% | +1.21% |
| Others | Others | 2.00% | ₹961 Cr | +0.75% | +0.69% | +0.72% |
| Indian Overseas Bank | Financial | 1.52% | ₹746 Cr | — | +1.17% | +1.23% |
| Indian Oil Corporation Ltd. | Energy | 1.22% | ₹599 Cr | — | — | +0.30% |
| Export-Import Bank Of India | Financial | 1.12% | ₹548 Cr | +0.50% | +0.69% | — |
| Punjab National Bank | Financial | 1.02% | ₹499 Cr | +1.25% | +0.47% | +1.23% |
| Reliance Retail Ventures Ltd. | Services | 1.02% | ₹499 Cr | +1.25% | +2.30% | +0.61% |
| Union Bank of India | Financial | 1.02% | ₹498 Cr | +0.61% | +0.52% | +0.06% |
| IDBI Bank Ltd. | Financial | 1.01% | ₹498 Cr | +1.23% | +0.58% | — |
| company:4907 | Financial | 1.01% | ₹493 Cr | +0.12% | — | +0.61% |
| Canara Bank | Financial | 1.00% | ₹493 Cr | +1.23% | +0.58% | +1.21% |
| Central Bank of India | Financial | 1.00% | ₹493 Cr | +1.85% | +1.15% | — |
| City Union Bank Ltd. | Financial | 1.00% | ₹493 Cr | +1.23% | — | — |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.00% | ₹493 Cr | — | +0.46% | — |
| PNB Housing Finance Ltd. | Financial | 0.81% | ₹395 Cr | — | — | +1.70% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.76% | ₹375 Cr | +1.74% | +1.16% | +2.92% |
| Titan Company Ltd. | Consumer Discretionary | 0.76% | ₹374 Cr | +1.24% | — | — |
| HDFC Bank Ltd. | Financial | 0.71% | ₹349 Cr | +0.61% | +0.58% | +1.22% |
| DSP Finance Pvt Ltd. | Financial | 0.70% | ₹344 Cr | +0.74% | +0.12% | — |
| Bajaj Financial Securities Ltd. | Financial | 0.61% | ₹297 Cr | +0.25% | +0.47% | +0.24% |
| GOI | Sovereign | 0.61% | ₹300 Cr | — | +2.36% | — |
| Network 18 Media & Investments Ltd. | Services | 0.61% | ₹300 Cr | — | +0.70% | +0.43% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.56% | ₹275 Cr | +0.25% | +0.35% | — |
| Angel One Ltd. | Financial | 0.51% | ₹249 Cr | +0.62% | +0.47% | +0.49% |
| Bank Of Baroda | Financial | 0.51% | ₹249 Cr | +0.61% | +1.04% | +0.42% |
| Bank of India | Financial | 0.51% | ₹249 Cr | +1.24% | +2.08% | +0.61% |
| Development Bank of Singapore | Financial | 0.51% | ₹249 Cr | — | — | — |
| Grasim Industries Ltd. | Materials | 0.51% | ₹250 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.51% | ₹249 Cr | +1.87% | +0.58% | +1.21% |
| MashreqBank PSC | Financial | 0.51% | ₹250 Cr | — | — | — |
| Mirae Asset Sharekhan Financial Services Ltd. | Financial | 0.51% | ₹250 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 0.51% | ₹248 Cr | — | — | +0.30% |
| DCB Bank Ltd. | Financial | 0.50% | ₹246 Cr | — | +0.58% | — |
| HDFC Securities Ltd. | Financial | 0.50% | ₹246 Cr | +0.25% | +0.70% | +0.24% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.50% | ₹247 Cr | +0.37% | — | — |
| company:11821 | Financial | 0.50% | ₹247 Cr | — | +0.58% | — |
| company:14899 | Financial | 0.50% | ₹246 Cr | — | +0.09% | — |
| IGH Holdings Pvt. Ltd. | Communication | 0.41% | ₹200 Cr | +0.25% | +0.23% | — |
| IIFL Capital Services Ltd | Financial | 0.41% | ₹200 Cr | +0.50% | — | +0.48% |
| Jio Credit Ltd. | Financial | 0.41% | ₹199 Cr | — | — | +0.24% |
| LIC Housing Finance Ltd. | Financial | 0.41% | ₹200 Cr | — | — | — |
| Nirma Ltd. | Consumer Staples | 0.41% | ₹200 Cr | +0.31% | — | +0.74% |
| Nuvoco Vistas Corporation Ltd. | Materials | 0.41% | ₹200 Cr | +0.50% | — | — |
| Punjab & Sind Bank | Financial | 0.41% | ₹200 Cr | +0.50% | +0.58% | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.40% | ₹198 Cr | +0.62% | — | +1.23% |
| ICICI Securities Ltd. | Financial | 0.40% | ₹197 Cr | +1.00% | +0.92% | +1.10% |
| IDFC First Bank Ltd. | Financial | 0.40% | ₹198 Cr | +0.61% | +1.15% | +0.55% |
| REC Ltd. | Financial | 0.40% | ₹198 Cr | +0.12% | — | — |
| Fedbank Financial Services Ltd. | Financial | 0.31% | ₹150 Cr | — | +0.34% | — |
| IIFL Finance Ltd. | Financial | 0.31% | ₹150 Cr | +1.10% | +1.03% | +0.61% |
| Nuvama Wealth Finance Ltd. | Financial | 0.31% | ₹150 Cr | +0.25% | +0.11% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.30% | ₹147 Cr | +0.75% | +0.58% | +0.97% |
| Nuvama Wealth and Investment Limited | Financial | 0.30% | ₹147 Cr | +0.12% | +0.23% | +0.25% |
| Manappuram Finance Ltd. | Financial | 0.25% | ₹125 Cr | +0.31% | — | — |
| Aditya Birla Money Ltd. | Financial | 0.20% | ₹99.85 Cr | +0.25% | +0.35% | +0.25% |
| Axis Securities Ltd. | Others | 0.20% | ₹98.41 Cr | +0.12% | +0.52% | +0.36% |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.20% | ₹98.32 Cr | +0.37% | — | +0.25% |
| Motilal Oswal Finevest Ltd. | Financial | 0.20% | ₹99.74 Cr | — | — | — |
| SBICAP Securities Ltd. | Financial | 0.20% | ₹99.82 Cr | +0.50% | +0.23% | +0.49% |
| TVS Credit Services Ltd. | Financial | 0.20% | ₹99.69 Cr | — | — | — |
| GIC Housing Finance Ltd. | Financial | 0.15% | ₹74.88 Cr | +0.25% | — | — |
| Godrej Finance Ltd. | Financial | 0.15% | ₹74.80 Cr | — | — | +0.24% |
| company:1272 | Consumer Staples | 0.15% | ₹74.06 Cr | +0.19% | — | +0.18% |
| NJ Capital Pvt Ltd. | Financial | 0.10% | ₹49.92 Cr | — | — | — |
| Cholamandalam Securities Ltd. | Financial | 0.05% | ₹24.95 Cr | — | +0.21% | +0.12% |
| Indian Bank | Financial | 0.01% | ₹4.99 Cr | +1.24% | +1.17% | +2.43% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Bank For Agriculture & Rural Development | 0.78% | 3.52% | +2.74% |
| Reserve Bank of India | 0.68% | 2.92% | +2.24% |
| Indusind Bank Ltd. | 1.55% | 0.00% | -1.55% |
| company:4907 | 0.00% | 1.01% | +1.01% |
| ICICI Bank Ltd. | 0.78% | 0.00% | -0.78% |
| Indian Oil Corporation Ltd. | 1.94% | 1.22% | -0.72% |
| Central Bank of India | 0.29% | 1.00% | +0.71% |
| DSP Finance Pvt Ltd. | 0.10% | 0.70% | +0.60% |
| Bajaj Financial Securities Ltd. | 0.04% | 0.61% | +0.57% |
| IIFL Finance Ltd. | 0.87% | 0.31% | -0.56% |
| Reliance Retail Ventures Ltd. | 0.48% | 1.02% | +0.54% |
| Union Bank of India | 0.49% | 1.02% | +0.53% |
| Angel One Ltd. | 0.01% | 0.51% | +0.50% |
| company:11821 | 0.00% | 0.50% | +0.50% |
| company:14899 | 0.00% | 0.50% | +0.50% |
| Can Fin Homes Ltd. | 0.49% | 0.00% | -0.49% |
| Tata Communications Ltd. | 0.44% | 0.00% | -0.44% |
| Hero FinCorp Ltd. | 0.39% | 0.00% | -0.39% |
| Canara Bank | 0.68% | 1.00% | +0.32% |
| HDFC Securities Ltd. | 0.19% | 0.50% | +0.31% |
| ICICI Securities Ltd. | 0.10% | 0.40% | +0.30% |
| Bharti Telecom Ltd. | 0.29% | 0.00% | -0.29% |
| Sharekhan Ltd. | 0.29% | 0.00% | -0.29% |
| HDFC Bank Ltd. | 0.49% | 0.71% | +0.22% |
| Nuvama Wealth and Investment Limited | 0.10% | 0.30% | +0.20% |
| Axis Bank Ltd. | 0.19% | 0.00% | -0.19% |
| PNB Housing Finance Ltd. | 0.97% | 0.81% | -0.16% |
| company:1272 | 0.00% | 0.15% | +0.15% |
| Nuvama Wealth Finance Ltd. | 0.19% | 0.31% | +0.12% |
| AU Small Finance Bank Ltd. | 0.10% | 0.00% | -0.10% |
| Mirae Asset Capital Markets (India) Pvt. Ltd. | 0.10% | 0.00% | -0.10% |
| Axis Securities Ltd. | 0.29% | 0.20% | -0.09% |
| IDFC First Bank Ltd. | 0.49% | 0.40% | -0.09% |
| Julius Baer Capital India Pvt Ltd. | 0.29% | 0.20% | -0.09% |
| Indian Overseas Bank | 1.45% | 1.52% | +0.07% |
| Export-Import Bank Of India | 1.06% | 1.12% | +0.06% |
| IDBI Bank Ltd. | 0.96% | 1.01% | +0.05% |
| Punjab National Bank | 0.97% | 1.02% | +0.05% |
| GIC Housing Finance Ltd. | 0.19% | 0.15% | -0.04% |
| Bank of India | 0.48% | 0.51% | +0.03% |
| Birla Group Holdings Pvt. Ltd. | 0.53% | 0.56% | +0.03% |
| City Union Bank Ltd. | 0.97% | 1.00% | +0.03% |
| Development Bank of Singapore | 0.48% | 0.51% | +0.03% |
| Grasim Industries Ltd. | 0.48% | 0.51% | +0.03% |
| Karur Vysya Bank Ltd. | 0.48% | 0.51% | +0.03% |
| MashreqBank PSC | 0.48% | 0.51% | +0.03% |
| Mirae Asset Sharekhan Financial Services Ltd. | 0.48% | 0.51% | +0.03% |
| Network 18 Media & Investments Ltd. | 0.58% | 0.61% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.53% | 0.56% | +0.03% |
| The Federal Bank Ltd. | 0.48% | 0.51% | +0.03% |
| The Jammu & Kashmir Bank Ltd. | 0.97% | 1.00% | +0.03% |
| Titan Company Ltd. | 0.73% | 0.76% | +0.03% |
| Adani Ports and Special Economic Zone Ltd. | 0.38% | 0.40% | +0.02% |
| Bank Of Baroda | 0.49% | 0.51% | +0.02% |
| DCB Bank Ltd. | 0.48% | 0.50% | +0.02% |
| Fedbank Financial Services Ltd. | 0.29% | 0.31% | +0.02% |
| GOI | 0.59% | 0.61% | +0.02% |
| REC Ltd. | 0.38% | 0.40% | +0.02% |
| IGH Holdings Pvt. Ltd. | 0.39% | 0.41% | +0.02% |
| IIFL Capital Services Ltd | 0.39% | 0.41% | +0.02% |
| Jio Credit Ltd. | 0.39% | 0.41% | +0.02% |
| LIC Housing Finance Ltd. | 0.39% | 0.41% | +0.02% |
| Nirma Ltd. | 0.39% | 0.41% | +0.02% |
| Nuvoco Vistas Corporation Ltd. | 0.39% | 0.41% | +0.02% |
| Punjab & Sind Bank | 0.39% | 0.41% | +0.02% |
| Aditya Birla Money Ltd. | 0.19% | 0.20% | +0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.49% | 0.50% | +0.01% |
| Manappuram Finance Ltd. | 0.24% | 0.25% | +0.01% |
| Motilal Oswal Financial Services Ltd. | 0.29% | 0.30% | +0.01% |
| Motilal Oswal Finevest Ltd. | 0.19% | 0.20% | +0.01% |
| Others | 0.22% | 0.23% | +0.01% |
| SBICAP Securities Ltd. | 0.19% | 0.20% | +0.01% |
| TVS Credit Services Ltd. | 0.19% | 0.20% | +0.01% |
| Godrej Finance Ltd. | 0.14% | 0.15% | +0.01% |
| Cholamandalam Securities Ltd. | 0.05% | 0.05% | 0.00% |
| Indian Bank | 0.01% | 0.01% | 0.00% |
| NJ Capital Pvt 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 | ₹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 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 months3.42% absolute | ₹60,000 | ₹62,052 | 3.42% | |
| 1 year6.36% annualised | ₹1,20,000 | ₹1,24,215 | 3.51% | |
| 3 years6.82% annualised | ₹3,60,000 | ₹4,00,487 | 11.25% | |
| 5 years6.23% annualised | ₹6,00,000 | ₹7,05,484 | 17.58% |
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 ₹5,688.11 as on 24 Sep 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 6.5% over 1 year, 6.6% 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 94 schemes with ₹6,09,561 Cr under management.