PGIM India Liquid Fund
- NAV as on 27 Sep 2026
- ₹366.70+0.02%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹344.52 — ₹366.64
- AUM
- ₹1,031 Cr
PGIM India Liquid Fund is a Liquid debt fund from PGIM India Mutual Fund with ₹1,031 Cr under management, launched in 2007. Over three years it has returned 6.7% a year, against 6.8% for its category. The expense ratio is 0.22% and the SEBI riskometer reading is Low to Moderate.
Performance
PGIM India Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% 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 | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.3% |
| 3Y | 6.7% | −0.1 pts | 6.8% | 6.5% |
| 5Y | 6.7% | +0.5 pts | 6.2% | 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 | 1.6% | 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 | 6.6% | +0.1 pts | 6.5% | 6.5% |
| 3Y | 6.8% | +0.1 pts | 6.8% | 6.7% |
| 5Y | 6.3% | +0.1 pts | 6.2% | 6.2% |
| 7Y | 5.6% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.0% | +0.1 pts | 6.0% | 6.0% |
Since launch (4 Sep 2007): 7.0%
Calendar-year returns
Category averageShow 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 | 4.8% | 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
0.22%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.19%
- 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.
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 | 4.73 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 10.14 | 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
PGIM India Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.1%
- Other5.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.34% | ₹65.47 Cr | +1.14% | +1.02% | +1.29% |
| Bajaj Housing Finance Ltd. | Financial | 5.34% | ₹55.01 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.34% | ₹54.99 Cr | +8.16% | +7.36% | +9.48% |
| Reserve Bank of India | Financial | 5.29% | ₹54.55 Cr | +8.10% | +3.65% | +0.94% |
| company:407 | Financial | 4.79% | ₹49.38 Cr | — | — | — |
| company:442 | Financial | 4.79% | ₹49.39 Cr | +4.02% | +7.26% | +4.72% |
| company:6233 | Financial | 4.79% | ₹49.37 Cr | +4.07% | +2.21% | +4.72% |
| company:15565 | Financial | 4.58% | ₹47.26 Cr | +6.52% | — | — |
| Bank of India | Financial | 4.22% | ₹43.48 Cr | — | +3.69% | — |
| Aditya Birla Money Ltd. | Financial | 3.87% | ₹39.95 Cr | +4.08% | +1.97% | — |
| ICICI Securities Ltd. | Financial | 3.39% | ₹34.95 Cr | — | +2.95% | +4.67% |
| Export-Import Bank Of India | Financial | 2.42% | ₹24.97 Cr | +8.16% | — | — |
| HDFC Bank Ltd. | Financial | 2.42% | ₹24.92 Cr | +4.01% | — | +9.08% |
| Godrej Industries Ltd. | Consumer Staples | 2.41% | ₹24.81 Cr | — | — | — |
| Axis Securities Ltd. | Others | 2.40% | ₹24.76 Cr | — | — | — |
| Kotak Mahindra Securities Ltd. | Financial | 2.39% | ₹24.60 Cr | +4.01% | +3.62% | — |
| company:12212 | Financial | 2.39% | ₹24.66 Cr | +4.03% | — | — |
| company:7990 | Financial | 2.39% | ₹24.66 Cr | — | +3.64% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.93% | ₹19.95 Cr | — | — | — |
| HDFC Securities Ltd. | Financial | 1.75% | ₹17.99 Cr | +2.41% | — | — |
| Union Bank of India | Financial | 1.73% | ₹17.83 Cr | +4.02% | +3.64% | — |
| company:12845 | Others | 0.49% | ₹5.01 Cr | — | — | — |
| company:6919 | Others | 0.39% | ₹4.01 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:407 | 0.00% | 4.79% | +4.79% |
| company:442 | 0.00% | 4.79% | +4.79% |
| company:6233 | 0.00% | 4.79% | +4.79% |
| company:15565 | 0.00% | 4.58% | +4.58% |
| Small Industries Devp. Bank of India Ltd. | 6.36% | 2.91% | -3.45% |
| Indian Railway Finance Corporation Ltd. | 3.18% | 0.00% | -3.18% |
| Godrej Consumer Products Ltd. | 3.17% | 0.00% | -3.17% |
| Kotak Mahindra Bank Ltd. | 3.16% | 0.00% | -3.16% |
| Axis Bank Ltd. | 3.13% | 0.00% | -3.13% |
| company:12212 | 0.00% | 2.39% | +2.39% |
| company:7990 | 0.00% | 2.39% | +2.39% |
| Aadhar Housing Finance Ltd | 1.91% | 0.00% | -1.91% |
| Bajaj Housing Finance Ltd. | 7.00% | 5.34% | -1.66% |
| Bank of India | 5.50% | 4.22% | -1.28% |
| Aditya Birla Money Ltd. | 5.05% | 3.87% | -1.18% |
| ICICI Securities Ltd. | 4.42% | 3.39% | -1.03% |
| Reserve Bank of India | 6.28% | 5.29% | -0.99% |
| Kotak Mahindra Securities Ltd. | 3.17% | 2.39% | -0.78% |
| Export-Import Bank Of India | 3.16% | 2.42% | -0.74% |
| Axis Securities Ltd. | 3.13% | 2.40% | -0.73% |
| HDFC Bank Ltd. | 3.15% | 2.42% | -0.73% |
| Godrej Industries Ltd. | 3.13% | 2.41% | -0.72% |
| Motilal Oswal Financial Services Ltd. | 0.63% | 0.00% | -0.63% |
| Hindustan Petroleum Corporation Ltd. | 2.52% | 1.93% | -0.59% |
| Union Bank of India | 2.25% | 1.73% | -0.52% |
| company:12845 | 0.00% | 0.49% | +0.49% |
| company:6919 | 0.00% | 0.39% | +0.39% |
| HDFC Securities Ltd. | 1.90% | 1.75% | -0.15% |
| Others | 0.30% | 0.23% | -0.07% |
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 scheme aims to generate steady returns with high liquidity by investing in a portfolio of short-term , high quality money market and debt instruments. The fund would invest atleast 80% of the corpus in instruments with average maturity upto one year upto 20% of the corpus in instruments with average maturity greater than an year.
Fund managers
- Puneet PalMr. Pal is a B.Com (H) and MBA from SIBM Pune.Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
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 months3.43% absolute | ₹60,000 | ₹62,058 | 3.43% | |
| 1 year6.40% annualised | ₹1,20,000 | ₹1,24,242 | 3.54% | |
| 3 years6.84% annualised | ₹3,60,000 | ₹4,00,614 | 11.28% | |
| 5 years6.27% annualised | ₹6,00,000 | ₹7,06,234 | 17.71% |
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.