Mirae Asset Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹2,949.94+0.01%1 day
- Return since launch
- 6.3%
- 52-week range
- ₹2,774.36 — ₹2,949.74
- AUM
- ₹17,359 Cr
Mirae Asset Liquid Fund is a Liquid debt fund from Mirae Asset Mutual Fund with ₹17,359 Cr under management, launched in 2009. 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
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 +6.3% 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 | 6.4% | 0.0 pts | 6.4% | 6.4% |
| 3Y | 6.6% | −0.2 pts | 6.8% | 6.5% |
| 5Y | 6.6% | +0.4 pts | 6.2% | 6.5% |
| 7Y | 6.2% | +0.1 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% | 0.0 pts | 3.4% | 3.4% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.6% | 0.0 pts | 6.5% | 6.5% |
| 3Y | 6.8% | +0.1 pts | 6.8% | 6.7% |
| 5Y | 6.3% | 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 (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 23 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
- 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 | 4.68 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 9.34 | 9.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.20 | 0.20 | 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 31 Aug 2026
Asset allocation
- Debt95.6%
- Other4.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Reliance Retail Ventures Ltd. | Services | 5.17% | ₹897 Cr | +1.78% | +1.59% | +0.72% |
| Others | Others | 4.64% | ₹806 Cr | +1.56% | +1.39% | +0.87% |
| Bank Of Baroda | Financial | 2.42% | ₹420 Cr | +2.65% | +0.79% | +2.15% |
| Indian Oil Corporation Ltd. | Energy | 2.29% | ₹398 Cr | — | — | +1.45% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.73% | ₹300 Cr | +2.66% | +4.83% | +4.31% |
| Union Bank of India | Financial | 1.43% | ₹248 Cr | +0.89% | +5.17% | +3.61% |
| Reserve Bank of India | Financial | 1.28% | ₹222 Cr | +1.99% | +1.00% | +1.08% |
| HDFC Bank Ltd. | Financial | 1.15% | ₹199 Cr | +0.88% | +0.40% | +1.08% |
| Infina Finance Pvt. Ltd. | Financial | 1.14% | ₹198 Cr | +0.22% | — | — |
| Indian Bank | Financial | 1.14% | ₹198 Cr | +3.12% | +0.60% | +1.44% |
| Canara Bank | Financial | 1.14% | ₹197 Cr | +2.67% | +1.21% | +1.07% |
| company:11821 | Financial | 0.99% | ₹172 Cr | +1.77% | — | — |
| Mindspace Business Parks REIT | Construction | 0.86% | ₹150 Cr | +0.98% | — | — |
| Nexus Select Trust | Construction | 0.86% | ₹149 Cr | +1.77% | +0.60% | — |
| Tata Realty and Infrastructure Ltd. | Construction | 0.86% | ₹148 Cr | — | — | — |
| Vertis Infrastructure Trust | Construction | 0.71% | ₹123 Cr | +0.66% | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.58% | ₹100 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.58% | ₹99.97 Cr | +1.76% | — | — |
| Tata Projects Ltd. | Construction | 0.58% | ₹99.88 Cr | +1.76% | +1.61% | — |
| company:4726 | Financial | 0.58% | ₹99.85 Cr | — | — | — |
| Manappuram Finance Ltd. | Financial | 0.58% | ₹99.85 Cr | +1.34% | — | +0.71% |
| The India Cements Ltd. | Materials | 0.57% | ₹99.61 Cr | — | — | — |
| Nuvama Wealth Finance Ltd. | Financial | 0.57% | ₹99.57 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 0.57% | ₹99.54 Cr | — | +0.80% | — |
| Arka Fincap Ltd. | Financial | 0.57% | ₹99.53 Cr | — | — | — |
| HDB Financial Services Ltd. | Financial | 0.57% | ₹99.35 Cr | — | — | — |
| Axis Finance Ltd. | Financial | 0.57% | ₹99.00 Cr | — | — | +0.89% |
| L&T Finance Ltd. | Financial | 0.57% | ₹98.76 Cr | — | +0.40% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.57% | ₹98.74 Cr | +0.88% | — | — |
| company:720 | Financial | 0.57% | ₹98.73 Cr | — | +0.79% | — |
| National Bank For Agriculture & Rural Development | Financial | 0.57% | ₹98.73 Cr | +2.20% | +1.59% | +3.61% |
| Redington Ltd. | Services | 0.57% | ₹98.69 Cr | +0.89% | — | — |
| company:18894 | Financial | 0.57% | ₹98.69 Cr | +1.33% | — | — |
| company:13518 | Financial | 0.57% | ₹98.62 Cr | — | +0.79% | +0.36% |
| company:14725 | Financial | 0.57% | ₹98.54 Cr | +0.66% | +0.79% | — |
| company:18495 | Financial | 0.57% | ₹98.50 Cr | — | — | — |
| Hero FinCorp Ltd. | Financial | 0.57% | ₹98.43 Cr | +0.88% | +0.60% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.57% | ₹98.41 Cr | +0.88% | +0.60% | — |
| company:15589 | Construction | 0.52% | ₹90.00 Cr | +0.89% | +2.01% | — |
| Bharti Telecom Ltd. | Communication | 0.43% | ₹74.76 Cr | — | — | +0.54% |
| Godrej Industries Ltd. | Consumer Staples | 0.43% | ₹74.73 Cr | +0.66% | +0.60% | +0.54% |
| ICICI Home Finance Company Ltd. | Financial | 0.43% | ₹74.65 Cr | +0.44% | +1.19% | — |
| company:3907 | Metals & Mining | 0.29% | ₹49.79 Cr | — | +0.40% | — |
| company:8152 | Consumer Staples | 0.29% | ₹49.75 Cr | — | — | — |
| company:9813 | Financial | 0.28% | ₹49.39 Cr | +0.66% | +2.42% | +0.72% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.28% | ₹49.37 Cr | — | — | — |
| company:16765 | Financial | 0.28% | ₹49.35 Cr | — | — | — |
| company:19777 | Financial | 0.28% | ₹49.34 Cr | — | +2.41% | — |
| company:6953 | Financial | 0.28% | ₹49.29 Cr | — | — | — |
| company:4975 | Financial | 0.28% | ₹49.28 Cr | +1.88% | — | — |
| company:5989 | Financial | 0.28% | ₹49.24 Cr | +1.34% | +0.61% | +0.89% |
| company:11523 | Others | 0.28% | ₹49.23 Cr | — | — | +0.89% |
| company:15565 | Financial | 0.28% | ₹49.23 Cr | — | — | — |
| Tata Capital Ltd. | Financial | 0.28% | ₹49.21 Cr | +0.22% | +0.80% | — |
| Larsen & Toubro Ltd. | Construction | 0.14% | ₹24.99 Cr | — | +0.80% | — |
| Punjab National Bank | Financial | 0.14% | ₹24.94 Cr | +0.45% | +3.42% | +1.80% |
| Axis Bank Ltd. | Financial | 0.14% | ₹24.94 Cr | — | +0.17% | +2.83% |
| Titan Company Ltd. | Consumer Discretionary | 0.14% | ₹24.79 Cr | — | — | — |
| company:5721 | Financial | 0.14% | ₹24.69 Cr | +0.67% | +0.40% | — |
| Network 18 Media & Investments Ltd. | Services | 0.14% | ₹24.68 Cr | +0.66% | +0.60% | +0.72% |
| company:7944 | Financial | 0.14% | ₹24.62 Cr | +0.45% | +0.79% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bharat Petroleum Corporation Ltd. | 7.51% | 0.28% | -7.22% |
| Hindustan Petroleum Corporation Ltd. | 4.13% | 0.57% | -3.56% |
| Bank Of Baroda | 0.38% | 2.42% | +2.04% |
| Reliance Retail Ventures Ltd. | 6.76% | 5.17% | -1.59% |
| company:11821 | 0.00% | 0.99% | +0.99% |
| Tata Projects Ltd. | 1.51% | 0.58% | -0.94% |
| HDB Financial Services Ltd. | 1.51% | 0.57% | -0.93% |
| L&T Finance Ltd. | 1.50% | 0.57% | -0.93% |
| Small Industries Devp. Bank of India Ltd. | 0.38% | 1.30% | +0.92% |
| Punjab National Bank | 0.94% | 0.14% | -0.80% |
| HDFC Bank Ltd. | 0.38% | 1.15% | +0.77% |
| Canara Bank | 0.37% | 1.14% | +0.76% |
| GIC Housing Finance Ltd. | 0.76% | 0.00% | -0.76% |
| Julius Baer Capital India Pvt Ltd. | 0.76% | 0.00% | -0.76% |
| 360 ONE Wealth Ltd. | 0.76% | 0.00% | -0.76% |
| Birla Group Holdings Pvt. Ltd. | 0.76% | 0.00% | -0.76% |
| ICICI Bank Ltd. | 0.75% | 0.00% | -0.75% |
| Godrej Properties Ltd. | 0.75% | 0.00% | -0.75% |
| Indian Oil Corporation Ltd. | 3.00% | 2.29% | -0.71% |
| company:4726 | 0.00% | 0.58% | +0.58% |
| company:720 | 0.00% | 0.57% | +0.57% |
| company:18894 | 0.00% | 0.57% | +0.57% |
| company:13518 | 0.00% | 0.57% | +0.57% |
| company:14725 | 0.00% | 0.57% | +0.57% |
| company:18495 | 0.00% | 0.57% | +0.57% |
| Aditya Birla Money Ltd. | 0.57% | 0.00% | -0.57% |
| company:15589 | 0.00% | 0.52% | +0.52% |
| Tata Capital Ltd. | 0.75% | 0.28% | -0.47% |
| Union Bank of India | 1.87% | 1.43% | -0.44% |
| Network 18 Media & Investments Ltd. | 0.57% | 0.14% | -0.43% |
| Indian Bank | 1.51% | 1.14% | -0.37% |
| Infina Finance Pvt. Ltd. | 1.49% | 1.14% | -0.35% |
| company:3907 | 0.00% | 0.29% | +0.29% |
| company:8152 | 0.00% | 0.29% | +0.29% |
| company:9813 | 0.00% | 0.28% | +0.28% |
| company:16765 | 0.00% | 0.28% | +0.28% |
| company:19777 | 0.00% | 0.28% | +0.28% |
| company:6953 | 0.00% | 0.28% | +0.28% |
| company:4975 | 0.00% | 0.28% | +0.28% |
| company:5989 | 0.00% | 0.28% | +0.28% |
| company:11523 | 0.00% | 0.28% | +0.28% |
| company:15565 | 0.00% | 0.28% | +0.28% |
| Mindspace Business Parks REIT | 1.13% | 0.86% | -0.27% |
| Nexus Select Trust | 1.13% | 0.86% | -0.27% |
| Tata Realty and Infrastructure Ltd. | 1.12% | 0.86% | -0.26% |
| Reserve Bank of India | 1.51% | 1.28% | -0.23% |
| Bajaj Finance Ltd. | 0.38% | 0.58% | +0.20% |
| National Bank For Agriculture & Rural Development | 0.38% | 0.57% | +0.19% |
| Motilal Oswal Financial Services Ltd. | 0.76% | 0.57% | -0.19% |
| Hero FinCorp Ltd. | 0.75% | 0.57% | -0.19% |
| Redington Ltd. | 0.75% | 0.57% | -0.18% |
| Indian Railway Finance Corporation Ltd. | 0.76% | 0.58% | -0.18% |
| Manappuram Finance Ltd. | 0.75% | 0.58% | -0.18% |
| The India Cements Ltd. | 0.75% | 0.57% | -0.18% |
| IDBI Bank Ltd. | 0.75% | 0.57% | -0.18% |
| Arka Fincap Ltd. | 0.75% | 0.57% | -0.18% |
| Nuvama Wealth Finance Ltd. | 0.75% | 0.57% | -0.18% |
| Axis Finance Ltd. | 0.75% | 0.57% | -0.18% |
| Vertis Infrastructure Trust | 0.57% | 0.71% | +0.14% |
| company:5721 | 0.00% | 0.14% | +0.14% |
| company:7944 | 0.00% | 0.14% | +0.14% |
| Godrej Industries Ltd. | 0.57% | 0.43% | -0.14% |
| Bharti Telecom Ltd. | 0.57% | 0.43% | -0.13% |
| Others | 0.33% | 0.25% | -0.08% |
| ICICI Home Finance Company Ltd. | 0.38% | 0.43% | +0.05% |
| Larsen & Toubro Ltd. | 0.19% | 0.14% | -0.04% |
| Axis Bank Ltd. | 0.19% | 0.14% | -0.04% |
| Titan Company Ltd. | 0.19% | 0.14% | -0.04% |
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 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 months3.36% absolute | ₹60,000 | ₹62,016 | 3.36% | |
| 1 year6.32% annualised | ₹1,20,000 | ₹1,24,188 | 3.49% | |
| 3 years6.82% annualised | ₹3,60,000 | ₹4,00,487 | 11.25% | |
| 5 years6.25% annualised | ₹6,00,000 | ₹7,05,859 | 17.64% |
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 ₹2,949.94 as on 24 Sep 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 6.5% over 1 year, 6.6% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on 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 52 schemes with ₹2,32,232 Cr under management.