Parag Parikh Liquid Fund
- NAV as on 10 Nov 2026
- ₹1,572.24+0.03%1 day
- Return since launch
- 5.5%
- 52-week range
- ₹1,477.35 — ₹1,571.23
- AUM
- ₹5,397 Cr
Parag Parikh Liquid Fund is a Liquid debt fund from PPFAS Mutual Fund with ₹5,397 Cr under management, launched in 2018. Over three years it has returned 6.4% a year, against 6.7% for its category. The expense ratio is 0.21% and the SEBI riskometer reading is Low to Moderate.
Performance
Parag Parikh 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 | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 3Y | 6.4% | −0.3 pts | 6.7% | 6.5% |
| 5Y | 6.4% | +0.2 pts | 6.3% | 6.5% |
| 7Y | 6.0% | −0.2 pts | 6.1% | 6.1% |
| 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 | 3.2% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.4% | −0.1 pts | 6.4% | 6.4% |
| 3Y | 6.6% | −0.2 pts | 6.7% | 6.7% |
| 5Y | 6.1% | −0.2 pts | 6.3% | 6.2% |
| 7Y | 5.3% | −0.2 pts | 5.5% | 5.5% |
Since launch (9 May 2018): 5.5%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.2% | −0.2 pts | 6.4% |
| 2024 | 6.9% | −0.4 pts | 7.3% |
| 2023 | 6.6% | −0.4 pts | 7.0% |
| 2022 | 4.5% | −0.3 pts | 4.8% |
| 2021 | 3.1% | −0.2 pts | 3.3% |
| 2020 | 3.6% | −0.4 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
0.21%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.17%
- Brokerage
- 0.00%
- Transaction charges
- 0.01%
- 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.
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 | 4.26 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 9.99 | 12.32 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.19 | 0.21 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Parag Parikh Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt92.7%
- Other7.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 10.33% | ₹539 Cr | +0.96% | +1.02% | +1.04% |
| Small Industries Devp. Bank of India Ltd. | Financial | 8.03% | ₹420 Cr | +8.86% | +9.42% | +3.86% |
| Export-Import Bank Of India | Financial | 4.75% | ₹249 Cr | +1.78% | +1.89% | +1.28% |
| Canara Bank | Financial | 4.74% | ₹248 Cr | +2.21% | +0.95% | +0.64% |
| HDFC Bank Ltd. | Financial | 3.79% | ₹198 Cr | +2.67% | +2.36% | +2.55% |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 3.79% | ₹198 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 3.78% | ₹198 Cr | +1.35% | +0.48% | +3.83% |
| National Bank For Agriculture & Rural Development | Financial | 2.84% | ₹149 Cr | +1.77% | +2.83% | +1.92% |
| ICICI Securities Ltd. | Financial | 2.82% | ₹148 Cr | +2.66% | — | — |
| Indian Bank | Financial | 2.36% | ₹124 Cr | — | +1.89% | — |
| Bharti Telecom Ltd. | Communication | 2.20% | ₹115 Cr | +2.65% | — | — |
| Bank Of Baroda | Financial | 1.90% | ₹99.31 Cr | +0.44% | +0.95% | +1.28% |
| HDFC Securities Ltd. | Financial | 1.89% | ₹98.93 Cr | +1.78% | +1.42% | — |
| Kotak Securities Ltd. | Financial | 1.89% | ₹98.91 Cr | — | — | — |
| Tata Capital Ltd. | Financial | 1.89% | ₹99.00 Cr | +3.99% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.70% | ₹88.77 Cr | — | +1.42% | +3.20% |
| Axis Bank Ltd. | Financial | 1.42% | ₹74.27 Cr | +0.89% | +0.28% | +1.28% |
| Reserve Bank of India | Financial | 1.34% | ₹69.86 Cr | +0.89% | +5.64% | +1.93% |
| Bajaj Finance Ltd. | Financial | 0.95% | ₹49.68 Cr | +1.77% | +4.71% | +0.64% |
| Haryana State | Others | 0.48% | ₹25.04 Cr | — | — | — |
| Madhya Pradesh State | Others | 0.48% | ₹25.04 Cr | — | — | — |
| Rajasthan State | Others | 0.48% | ₹25.04 Cr | — | — | — |
| Gujarat State | Construction | 0.19% | ₹10.02 Cr | — | — | — |
| Andhra Pradesh State | Financial | 0.10% | ₹5.01 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:4842 | 4.82% | 0.00% | -4.82% |
| company:5655 | 4.08% | 0.00% | -4.08% |
| Power Finance Corporation Ltd. | 0.00% | 3.78% | +3.78% |
| company:5500 | 2.97% | 0.00% | -2.97% |
| HDFC Bank Ltd. | 1.11% | 3.79% | +2.68% |
| ICICI Securities Ltd. | 0.37% | 2.82% | +2.45% |
| Indian Bank | 0.00% | 2.36% | +2.36% |
| company:1570 | 2.23% | 0.00% | -2.23% |
| Bharti Telecom Ltd. | 0.00% | 2.20% | +2.20% |
| Bank Of Baroda | 3.71% | 1.90% | -1.81% |
| company:14656 | 1.49% | 0.00% | -1.49% |
| company:2089 | 1.48% | 0.00% | -1.48% |
| company:5989 | 1.48% | 0.00% | -1.48% |
| company:4975 | 1.47% | 0.00% | -1.47% |
| Small Industries Devp. Bank of India Ltd. | 3.34% | 4.73% | +1.39% |
| National Bank For Agriculture & Rural Development | 1.49% | 2.84% | +1.35% |
| Canara Bank | 3.67% | 4.74% | +1.07% |
| Export-Import Bank Of India | 3.68% | 4.75% | +1.07% |
| LIC Housing Finance Ltd. GDR/GDS | 2.93% | 3.79% | +0.86% |
| Axis Bank Ltd. | 2.20% | 1.42% | -0.78% |
| Bajaj Finance Ltd. | 1.48% | 0.95% | -0.53% |
| HDFC Securities Ltd. | 1.46% | 1.89% | +0.43% |
| Kotak Securities Ltd. | 1.46% | 1.89% | +0.43% |
| Tata Capital Ltd. | 1.46% | 1.89% | +0.43% |
| Kotak Mahindra Bank Ltd. | 1.48% | 1.70% | +0.22% |
| Reserve Bank of India | 1.49% | 1.34% | -0.15% |
| Haryana State | 0.37% | 0.48% | +0.11% |
| Madhya Pradesh State | 0.37% | 0.48% | +0.11% |
| Rajasthan State | 0.37% | 0.48% | +0.11% |
| Others | 0.23% | 0.29% | +0.06% |
| Gujarat State | 0.15% | 0.19% | +0.04% |
| Andhra Pradesh State | 0.07% | 0.10% | +0.03% |
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 Scheme seeks to deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments.
Fund managers
- Aishwarya DharMBA - FinancePrior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,
- Mansi KariyaMs. Karia has done B.Com, MS Finance and CFAPrior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
- Tejas SomanMr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets - From ‘NISM’Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
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 year6.35% annualised | ₹1,20,000 | ₹1,24,209 | 3.51% | |
| 3 years6.56% annualised | ₹3,60,000 | ₹3,98,842 | 10.79% | |
| 5 years6.06% annualised | ₹6,00,000 | ₹7,02,306 | 17.05% |
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.