LIC MF Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 27 Sep 2026
- ₹5,089.38+0.02%1 day
- Return since launch
- 6.8%
- 52-week range
- ₹4,783.06 — ₹5,088.52
- AUM
- ₹17,484 Cr
LIC MF Liquid Fund is a Liquid debt fund from LIC Mutual Fund with ₹17,484 Cr under management, launched in 2002. Over three years it has returned 6.6% a year, against 6.8% for its category. The expense ratio is 0.20% and the SEBI riskometer reading is Low to Moderate.
Performance
LIC MF 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 | 6.5% | +0.2 pts | 6.3% | 6.4% |
| 2Y | 6.4% | +0.1 pts | 6.4% | 6.3% |
| 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 | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.4% | +0.1 pts | 3.3% | 3.3% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 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% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.0% | 0.0 pts | 6.0% | 6.0% |
Since launch (11 Mar 2002): 6.8%
Calendar-year returns
Category average4.3%
3.3%
4.8%
6.9%
7.4%
6.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.4% | 0.0 pts | 6.4% |
| 2024 | 7.4% | +0.1 pts | 7.3% |
| 2023 | 6.9% | 0.0 pts | 7.0% |
| 2022 | 4.8% | −0.1 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.3% | +0.3 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
0.20%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.17%
- 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 | 4.54 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 8.81 | 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
LIC MF Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt91.9%
- Other8.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.34% | ₹1,459 Cr | +0.84% | +0.93% | +0.95% |
| Export-Import Bank Of India | Financial | 5.04% | ₹881 Cr | +5.62% | +4.22% | +1.82% |
| Reserve Bank of India | Financial | 4.96% | ₹868 Cr | +2.17% | +2.80% | +4.85% |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.17% | ₹729 Cr | — | +6.25% | +6.09% |
| Reliance Retail Ventures Ltd. | Services | 2.86% | ₹500 Cr | +2.18% | +1.04% | +1.62% |
| Punjab National Bank | Financial | 1.71% | ₹299 Cr | — | +1.23% | +0.82% |
| Canara Bank | Financial | 1.69% | ₹296 Cr | +0.78% | +2.95% | +1.21% |
| National Bank For Agriculture & Rural Development | Financial | 1.42% | ₹249 Cr | +3.74% | +2.78% | +3.23% |
| REC Ltd. | Financial | 1.42% | ₹248 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 1.41% | ₹246 Cr | +2.49% | +2.81% | +0.81% |
| Godrej Finance Ltd. | Financial | 1.41% | ₹246 Cr | — | — | +0.81% |
| Titan Company Ltd. | Consumer Discretionary | 1.41% | ₹246 Cr | +1.87% | +1.76% | — |
| Grasim Industries Ltd. | Materials | 1.14% | ₹199 Cr | — | — | — |
| HDFC Securities Ltd. | Financial | 1.13% | ₹198 Cr | +0.92% | +1.04% | +0.81% |
| Angel One Ltd. | Financial | 1.13% | ₹198 Cr | +0.62% | +1.05% | — |
| company:4907 | Financial | 1.13% | ₹197 Cr | +0.31% | +0.35% | +1.96% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.86% | ₹150 Cr | — | — | — |
| Central Bank of India | Financial | 0.85% | ₹148 Cr | — | +1.04% | — |
| Network 18 Media & Investments Ltd. | Services | 0.71% | ₹125 Cr | +0.62% | — | — |
| Sikka Ports and Terminals Ltd. | Energy | 0.71% | ₹124 Cr | +1.24% | — | — |
| Godrej Properties Ltd. | Construction | 0.57% | ₹99.88 Cr | +0.62% | — | +0.82% |
| ICICI Securities Ltd. | Financial | 0.57% | ₹99.87 Cr | +1.87% | — | — |
| Axis Bank Ltd. | Financial | 0.57% | ₹99.23 Cr | +1.54% | +1.39% | +1.23% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.57% | ₹99.03 Cr | — | — | — |
| Godrej Housing Finance Ltd. | Financial | 0.56% | ₹98.70 Cr | +0.61% | — | +1.62% |
| company:14725 | Financial | 0.56% | ₹98.54 Cr | — | +0.69% | — |
| Bajaj Financial Securities Ltd. | Financial | 0.56% | ₹98.52 Cr | +1.24% | +0.70% | — |
| company:407 | Financial | 0.56% | ₹98.51 Cr | +0.62% | — | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.56% | ₹98.43 Cr | +1.84% | +1.39% | +2.45% |
| company:9262 | Financial | 0.56% | ₹98.42 Cr | — | +0.88% | — |
| Bank Of Baroda | Financial | 0.48% | ₹84.79 Cr | +2.02% | +1.74% | +0.41% |
| Standard Chartered Investment & Loan India. Ltd. | Financial | 0.29% | ₹49.97 Cr | +1.25% | — | +0.41% |
| NTPC Ltd. | Energy | 0.28% | ₹49.81 Cr | +1.86% | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.14% | ₹25.30 Cr | +1.87% | +1.76% | +0.41% |
| The Federal Bank Ltd. | Financial | 0.14% | ₹24.94 Cr | +0.62% | — | — |
| HDFC Bank Ltd. | Financial | 0.14% | ₹24.92 Cr | +1.23% | +1.04% | +0.61% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Birla Group Holdings Pvt. Ltd. | 1.78% | 0.56% | -1.22% |
| 360 One Wam Ltd. | 1.19% | 0.00% | -1.19% |
| Punjab & Sind Bank | 1.19% | 0.00% | -1.19% |
| Jamnagar Utilities and Power Pvt. Ltd. | 1.19% | 0.00% | -1.19% |
| IGH Holdings Pvt. Ltd. | 1.19% | 0.00% | -1.19% |
| Poonawalla Fincorp Ltd. | 1.18% | 0.00% | -1.18% |
| company:4907 | 0.00% | 1.13% | +1.13% |
| Export-Import Bank Of India | 1.77% | 2.86% | +1.09% |
| Central Bank of India | 1.77% | 0.85% | -0.93% |
| Reserve Bank of India | 5.87% | 4.96% | -0.91% |
| Bharti Telecom Ltd. | 0.89% | 0.00% | -0.89% |
| Titan Company Ltd. | 2.22% | 1.41% | -0.81% |
| HDFC Securities Ltd. | 0.44% | 1.13% | +0.69% |
| company:14725 | 0.00% | 0.56% | +0.56% |
| company:407 | 0.00% | 0.56% | +0.56% |
| company:9262 | 0.00% | 0.56% | +0.56% |
| Axis Securities Ltd. | 0.53% | 0.00% | -0.53% |
| Kotak Mahindra Securities Ltd. | 0.44% | 0.00% | -0.44% |
| NTPC Ltd. | 0.59% | 0.28% | -0.31% |
| HDFC Bank Ltd. | 0.30% | 0.14% | -0.15% |
| Network 18 Media & Investments Ltd. | 0.59% | 0.71% | +0.12% |
| Bank Of Baroda | 0.59% | 0.48% | -0.11% |
| Reliance Retail Ventures Ltd. | 2.96% | 2.86% | -0.10% |
| Motilal Oswal Financial Services Ltd. | 1.48% | 1.41% | -0.07% |
| Godrej Finance Ltd. | 1.47% | 1.41% | -0.07% |
| Canara Bank | 1.63% | 1.69% | +0.06% |
| Punjab National Bank | 1.77% | 1.71% | -0.06% |
| REC Ltd. | 1.46% | 1.42% | -0.05% |
| National Bank For Agriculture & Rural Development | 1.18% | 1.14% | -0.04% |
| Grasim Industries Ltd. | 1.18% | 1.14% | -0.04% |
| Small Industries Devp. Bank of India Ltd. | 1.17% | 1.13% | -0.04% |
| Angel One Ltd. | 1.17% | 1.13% | -0.04% |
| Godrej Consumer Products Ltd. | 0.89% | 0.86% | -0.03% |
| Godrej Housing Finance Ltd. | 0.59% | 0.56% | -0.03% |
| Bajaj Financial Securities Ltd. | 0.59% | 0.56% | -0.03% |
| Axis Bank Ltd. | 0.59% | 0.57% | -0.02% |
| Sikka Ports and Terminals Ltd. | 0.73% | 0.71% | -0.02% |
| ICICI Securities Ltd. | 0.59% | 0.57% | -0.02% |
| Godrej Properties Ltd. | 0.59% | 0.57% | -0.02% |
| Aditya Birla Housing Finance Ltd. | 0.59% | 0.57% | -0.02% |
| Standard Chartered Investment & Loan India. Ltd. | 0.30% | 0.29% | -0.01% |
| Others | 0.20% | 0.20% | -0.01% |
| Tata Capital Housing Finance Ltd. | 0.15% | 0.14% | 0.00% |
| The Federal Bank Ltd. | 0.15% | 0.14% | 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% | 6.6% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.6% | 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% | 6.6% | 6.7% | 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 with low risk and high liquidity from a portfolio of debt and money market instruments.
Fund managers
- Aakash Parash DhuliaPGDBM, Finance, NL Dalmia Institute of Management Studies and Research, Mumbai ,BE (Computer Science), Rajiv Gandhi Institute of Technology, MumbaiPrior to joining the LIC MF , he was associated with IndiaFirst Life Insurance Co Limited, STCI Primary Dealer Ltd, Almondz Global Securities Ltd.
- Rahul SinghMr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
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 months3.40% absolute | ₹60,000 | ₹62,040 | 3.40% | |
| 1 year6.37% annualised | ₹1,20,000 | ₹1,24,222 | 3.52% | |
| 3 years6.83% annualised | ₹3,60,000 | ₹4,00,550 | 11.26% | |
| 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 LIC MF Liquid Fund?
The NAV of LIC MF Liquid Fund is ₹5,089.38 as on 27 Sep 2026.
What is the expense ratio of LIC MF Liquid Fund?
The expense ratio of LIC MF Liquid Fund is 0.20% per year.
What is the minimum SIP amount for LIC MF Liquid Fund?
You can start a SIP in LIC MF Liquid Fund with ₹3,000 a month.
What returns has LIC MF Liquid Fund given?
LIC MF 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 LIC MF 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 LIC MF Liquid Fund?
LIC MF Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages LIC MF Liquid Fund?
LIC MF Liquid Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.