Mirae Asset Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹2,971.45+0.03%1 day
- Return since launch
- 6.3%
- 52-week range
- ₹2,793.70 — ₹2,969.58
- AUM
- ₹16,732 Cr
Mirae Asset Liquid Fund is a Liquid debt fund from Mirae Asset Mutual Fund with ₹16,732 Cr under management, launched in 2009. Over three years it has returned 6.5% a year, against 6.7% for its category. The expense ratio is 0.20% and the SEBI riskometer reading is Low to Moderate.
Performance
Mirae Asset 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% | 0.0 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% | +0.1 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 | 3.1% | 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% | +0.1 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% | 0.0 pts | 6.0% | 6.0% |
Since launch (5 Jan 2009): 6.3%
Calendar-year returns
Category average4.2%
3.3%
4.8%
7.0%
7.3%
6.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | 0.0 pts | 6.4% |
| 2024 | 7.3% | +0.1 pts | 7.3% |
| 2023 | 7.0% | 0.0 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.2% | +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
0.20%
Expense ratio as on 6 Nov 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
- 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 | 4.67 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 9.94 | 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
Mirae Asset Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt93.6%
- Other6.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 4.49% | ₹669 Cr | +1.35% | +0.94% | +2.63% |
| National Bank For Agriculture & Rural Development | Financial | 3.01% | ₹448 Cr | +17.56% | +5.62% | +7.85% |
| Axis Bank Ltd. | Financial | 2.16% | ₹322 Cr | +0.23% | +2.35% | +0.87% |
| Reserve Bank of India | Financial | 2.01% | ₹299 Cr | +2.04% | +1.18% | +0.87% |
| Reliance Retail Ventures Ltd. | Services | 2.00% | ₹297 Cr | — | +1.87% | +0.87% |
| Bajaj Housing Finance Ltd. | Financial | 1.66% | ₹247 Cr | — | +1.88% | — |
| Export-Import Bank Of India | Financial | 1.50% | ₹223 Cr | +3.60% | +0.94% | — |
| Infina Finance Pvt. Ltd. | Financial | 1.34% | ₹199 Cr | +0.23% | — | — |
| Bank Of Baroda | Financial | 1.34% | ₹199 Cr | +2.72% | +2.11% | +0.87% |
| Central Bank of India | Financial | 1.33% | ₹198 Cr | +0.45% | — | — |
| Reliance Industries Ltd. | Energy | 1.33% | ₹198 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 1.33% | ₹198 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 1.33% | ₹197 Cr | +1.81% | +0.93% | — |
| ICICI Securities Primary Dealership Ltd. | Financial | 1.32% | ₹197 Cr | +0.91% | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 1.16% | ₹173 Cr | +1.82% | — | — |
| REC Ltd. | Financial | 1.01% | ₹150 Cr | +2.70% | +1.87% | — |
| Tata Realty and Infrastructure Ltd. | Construction | 1.00% | ₹149 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.00% | ₹149 Cr | — | +4.67% | +3.51% |
| Indian Oil Corporation Ltd. | Energy | 1.00% | ₹148 Cr | — | — | +0.88% |
| Vertis Infrastructure Trust | Construction | 0.83% | ₹124 Cr | +0.68% | — | — |
| Aditya Birla Money Ltd. | Financial | 0.83% | ₹123 Cr | +0.68% | +0.70% | +1.31% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.67% | ₹100 Cr | — | — | — |
| HDB Financial Services Ltd. | Financial | 0.67% | ₹99.93 Cr | — | — | — |
| Union Bank of India | Financial | 0.67% | ₹99.71 Cr | +6.29% | +1.41% | +2.17% |
| IDBI Bank Ltd. | Financial | 0.67% | ₹99.64 Cr | — | +0.94% | — |
| Axis Finance Ltd. | Financial | 0.67% | ₹99.60 Cr | — | — | +1.09% |
| Tata Steel Ltd. | Metals & Mining | 0.67% | ₹99.37 Cr | +0.91% | — | — |
| L&T Finance Ltd. | Financial | 0.67% | ₹99.34 Cr | +0.91% | +0.47% | — |
| Kisetsu Saison Finance (India) Pvt Ltd. | Financial | 0.67% | ₹99.30 Cr | +1.36% | +0.70% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.67% | ₹99.30 Cr | — | +0.94% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.67% | ₹99.29 Cr | +0.90% | — | — |
| Kotak Securities Ltd. | Financial | 0.67% | ₹99.20 Cr | — | +0.94% | +0.44% |
| Redington Ltd. | Services | 0.67% | ₹99.20 Cr | +0.90% | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.67% | ₹99.11 Cr | +0.68% | +0.94% | — |
| Hero FinCorp Ltd. | Financial | 0.67% | ₹99.05 Cr | +0.90% | +0.70% | — |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 0.67% | ₹99.03 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.67% | ₹99.00 Cr | +0.90% | +0.70% | — |
| Godrej Properties Ltd. | Construction | 0.66% | ₹98.89 Cr | — | — | +1.09% |
| Tata Projects Ltd. | Construction | 0.66% | ₹98.84 Cr | +1.81% | — | — |
| Can Fin Homes Ltd. | Financial | 0.66% | ₹98.81 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 0.50% | ₹74.78 Cr | — | — | — |
| Nuvama Wealth Finance Ltd. | Financial | 0.50% | ₹74.14 Cr | +0.90% | — | — |
| Mizuho Capsave Finance Private Ltd. | Financial | 0.50% | ₹73.99 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.50% | ₹73.87 Cr | +0.68% | +0.70% | +0.66% |
| Godrej Agrovet Ltd. | Consumer Staples | 0.33% | ₹49.75 Cr | — | — | — |
| ICICI Securities Ltd. | Financial | 0.33% | ₹49.67 Cr | +0.68% | +1.40% | +0.43% |
| Network 18 Media & Investments Ltd. | Services | 0.33% | ₹49.64 Cr | +0.68% | +0.70% | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.33% | ₹49.64 Cr | — | — | — |
| Jio Credit Ltd. | Financial | 0.33% | ₹49.63 Cr | — | — | — |
| Godrej Housing Finance Ltd. | Financial | 0.33% | ₹49.62 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 0.33% | ₹49.55 Cr | — | — | — |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 0.33% | ₹49.53 Cr | — | — | — |
| Kotak Mahindra Securities Ltd. | Financial | 0.33% | ₹49.52 Cr | — | +1.40% | +1.09% |
| Axis Securities Ltd. | Others | 0.33% | ₹49.52 Cr | — | — | +1.09% |
| Tata Capital Ltd. | Financial | 0.33% | ₹49.50 Cr | +0.90% | +1.86% | — |
| Indian Bank | Financial | 0.33% | ₹49.41 Cr | +1.81% | +0.71% | +1.76% |
| Bank of India | Financial | 0.33% | ₹49.35 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 0.17% | ₹24.76 Cr | — | +0.94% | — |
| Canara Bank | Financial | 0.17% | ₹24.75 Cr | +1.36% | +2.79% | +1.31% |
| Others | Others | -19.33% | ₹-2,877.86 Cr | +0.80% | +0.82% | +0.53% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reliance Retail Ventures Ltd. | 5.17% | 2.00% | -3.17% |
| HDFC Bank Ltd. | 1.15% | 3.49% | +2.34% |
| Axis Bank Ltd. | 0.14% | 2.16% | +2.02% |
| Bajaj Housing Finance Ltd. | 0.00% | 1.66% | +1.66% |
| Central Bank of India | 0.00% | 1.33% | +1.33% |
| Reliance Industries Ltd. | 0.00% | 1.33% | +1.33% |
| LIC Housing Finance Ltd. | 0.00% | 1.33% | +1.33% |
| ICICI Securities Primary Dealership Ltd. | 0.00% | 1.32% | +1.32% |
| Indian Oil Corporation Ltd. | 2.29% | 1.00% | -1.30% |
| Export-Import Bank Of India | 0.14% | 1.33% | +1.19% |
| Bank Of Baroda | 2.42% | 1.34% | -1.08% |
| Canara Bank | 1.14% | 0.17% | -0.97% |
| company:16204 | 0.86% | 0.00% | -0.86% |
| company:18079 | 0.86% | 0.00% | -0.86% |
| Aditya Birla Money Ltd. | 0.00% | 0.83% | +0.83% |
| Indian Bank | 1.14% | 0.33% | -0.81% |
| Union Bank of India | 1.43% | 0.67% | -0.76% |
| Bajaj Finance Ltd. | 0.58% | 1.33% | +0.75% |
| Reserve Bank of India | 1.28% | 2.01% | +0.73% |
| Godrej Properties Ltd. | 0.00% | 0.66% | +0.66% |
| Can Fin Homes Ltd. | 0.00% | 0.66% | +0.66% |
| company:4726 | 0.58% | 0.00% | -0.58% |
| company:6054 | 0.58% | 0.00% | -0.58% |
| company:1614 | 0.57% | 0.00% | -0.57% |
| company:16531 | 0.57% | 0.00% | -0.57% |
| company:15589 | 0.52% | 0.00% | -0.52% |
| Mizuho Capsave Finance Private Ltd. | 0.00% | 0.50% | +0.50% |
| Small Industries Devp. Bank of India Ltd. | 1.30% | 0.83% | -0.47% |
| company:522 | 0.43% | 0.00% | -0.43% |
| company:7990 | 0.43% | 0.00% | -0.43% |
| Tata Steel Ltd. | 0.29% | 0.67% | +0.38% |
| Titan Company Ltd. | 0.14% | 0.50% | +0.36% |
| Bank of India | 0.00% | 0.33% | +0.33% |
| Infina Finance Pvt. Ltd. | 1.14% | 1.34% | +0.20% |
| Network 18 Media & Investments Ltd. | 0.14% | 0.33% | +0.19% |
| Tata Capital Housing Finance Ltd. | 0.99% | 1.16% | +0.17% |
| Tata Realty and Infrastructure Ltd. | 0.86% | 1.00% | +0.15% |
| company:2119 | 0.14% | 0.00% | -0.14% |
| company:5500 | 0.14% | 0.00% | -0.14% |
| Vertis Infrastructure Trust | 0.71% | 0.83% | +0.12% |
| HDB Financial Services Ltd. | 0.57% | 0.67% | +0.10% |
| Axis Finance Ltd. | 0.57% | 0.67% | +0.10% |
| Kisetsu Saison Finance (India) Pvt Ltd. | 0.57% | 0.67% | +0.10% |
| L&T Finance Ltd. | 0.57% | 0.67% | +0.10% |
| Hero FinCorp Ltd. | 0.57% | 0.67% | +0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 0.57% | 0.67% | +0.10% |
| Kotak Securities Ltd. | 0.57% | 0.67% | +0.10% |
| Motilal Oswal Financial Services Ltd. | 0.57% | 0.67% | +0.10% |
| Aditya Birla Capital Ltd. | 0.57% | 0.67% | +0.10% |
| Hindustan Petroleum Corporation Ltd. | 0.57% | 0.67% | +0.10% |
| National Bank For Agriculture & Rural Development | 0.57% | 0.67% | +0.10% |
| Redington Ltd. | 0.57% | 0.67% | +0.10% |
| LIC Housing Finance Ltd. GDR/GDS | 0.57% | 0.67% | +0.10% |
| IDBI Bank Ltd. | 0.57% | 0.67% | +0.10% |
| Indian Railway Finance Corporation Ltd. | 0.58% | 0.67% | +0.10% |
| Tata Projects Ltd. | 0.58% | 0.66% | +0.09% |
| Nuvama Wealth Finance Ltd. | 0.57% | 0.50% | -0.08% |
| Godrej Industries Ltd. | 0.43% | 0.50% | +0.07% |
| ICICI Securities Ltd. | 0.28% | 0.33% | +0.05% |
| HSBC InvestDirect Financial Services India Ltd. | 0.28% | 0.33% | +0.05% |
| Jio Credit Ltd. | 0.28% | 0.33% | +0.05% |
| Godrej Housing Finance Ltd. | 0.28% | 0.33% | +0.05% |
| Axis Securities Ltd. | 0.28% | 0.33% | +0.05% |
| Kotak Mahindra Securities Ltd. | 0.28% | 0.33% | +0.05% |
| Tata Capital Ltd. | 0.28% | 0.33% | +0.05% |
| Bharat Petroleum Corporation Ltd. | 0.28% | 0.33% | +0.05% |
| REC Ltd. | 0.28% | 0.33% | +0.05% |
| PNB Housing Finance Ltd. | 0.28% | 0.33% | +0.05% |
| Godrej Agrovet Ltd. | 0.29% | 0.33% | +0.05% |
| Others | 0.25% | 0.30% | +0.04% |
| Muthoot Finance Ltd. | 0.14% | 0.17% | +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 investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.
Fund managers
- Pranavi KulkarniMs. Kulkarni is a BE Computer Science, MBA FinancePrior to joining Mirae Asset Mutual Fund, she has worked with Edelweiss Mutual Fund, CRISIL Ltd. and Yes Bank.
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 months3.13% absolute | ₹60,000 | ₹61,878 | 3.13% | |
| 1 year6.31% annualised | ₹1,20,000 | ₹1,24,182 | 3.48% | |
| 3 years6.78% annualised | ₹3,60,000 | ₹4,00,233 | 11.18% | |
| 5 years6.32% annualised | ₹6,00,000 | ₹7,07,173 | 17.86% |
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 Mirae Asset Liquid Fund?
The NAV of Mirae Asset Liquid Fund is ₹2,971.45 as on 9 Nov 2026.
What is the expense ratio of Mirae Asset Liquid Fund?
The expense ratio of Mirae Asset Liquid Fund is 0.20% per year.
What is the minimum SIP amount for Mirae Asset Liquid Fund?
You can start a SIP in Mirae Asset Liquid Fund with ₹3,000 a month.
What returns has Mirae Asset Liquid Fund given?
Mirae Asset Liquid Fund has returned 6.3% over 1 year, 6.5% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on Mirae Asset 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 Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund is managed by Mirae Asset Mutual Fund, which runs 54 schemes with ₹2,45,364 Cr under management.