PGIM India Liquid Fund
- NAV as on 9 Nov 2026
- ₹369.34+0.03%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹346.86 — ₹369.12
- AUM
- ₹1,773 Cr
PGIM India Liquid Fund is a Liquid debt fund from PGIM India Mutual Fund with ₹1,773 Cr under management, launched in 2007. Over three years it has returned 6.6% a year, against 6.7% 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 +6.3% 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% | 6.3% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.5% |
| 5Y | 6.7% | +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 | 3.2% | +0.1 pts | 3.1% | 3.1% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.6% | +0.1 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% | +0.1 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 6 Nov 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 | 4.85 | 5.10 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 11.23 | 12.59 | 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 4 category peers | |||
Portfolio
PGIM India Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt99.1%
- Other0.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.73% | ₹126 Cr | +0.93% | +1.44% | +1.41% |
| Grasim Industries Ltd. | Materials | 6.90% | ₹99.19 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 6.90% | ₹99.27 Cr | +3.31% | +5.15% | +10.41% |
| Tata Steel Ltd. | Metals & Mining | 4.52% | ₹65.00 Cr | — | — | — |
| Reserve Bank of India | Financial | 3.81% | ₹54.78 Cr | +1.99% | +2.07% | +1.05% |
| Bharti Telecom Ltd. | Communication | 3.48% | ₹50.11 Cr | — | — | — |
| Infina Finance Pvt. Ltd. | Financial | 3.47% | ₹49.94 Cr | — | — | +5.18% |
| Bajaj Finance Ltd. | Financial | 3.45% | ₹49.66 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 3.45% | ₹49.67 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 3.45% | ₹49.65 Cr | — | +5.17% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.43% | ₹49.35 Cr | +6.69% | +3.09% | +5.27% |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 3.31% | ₹47.55 Cr | — | +8.24% | — |
| Sikka Ports and Terminals Ltd. | Energy | 2.09% | ₹30.03 Cr | — | — | — |
| Axis Securities Ltd. | Others | 1.73% | ₹24.91 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 1.73% | ₹24.94 Cr | — | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 1.73% | ₹24.82 Cr | +3.33% | — | — |
| REC Ltd. | Financial | 1.73% | ₹24.91 Cr | +3.34% | — | — |
| Reliance Retail Ventures Ltd. | Services | 1.73% | ₹24.84 Cr | — | — | +5.20% |
| Axis Bank Ltd. | Financial | 1.72% | ₹24.67 Cr | — | — | +5.22% |
| Bank Of Baroda | Financial | 1.72% | ₹24.70 Cr | +3.31% | +10.33% | — |
| ICICI Home Finance Company Ltd. | Financial | 1.72% | ₹24.79 Cr | — | +5.17% | — |
| Kotak Mahindra Securities Ltd. | Financial | 1.72% | ₹24.75 Cr | +3.31% | +5.16% | — |
| Union Bank of India | Financial | 1.25% | ₹17.93 Cr | +3.31% | +5.14% | — |
| Kerala State | Others | 0.35% | ₹5.01 Cr | — | — | — |
| Madhya Pradesh State | Others | 0.35% | ₹5.01 Cr | — | — | — |
| Karnataka State | Others | 0.28% | ₹4.00 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Grasim Industries Ltd. | 0.00% | 6.90% | +6.90% |
| company:14899 | 5.34% | 0.00% | -5.34% |
| Tata Steel Ltd. | 0.00% | 4.52% | +4.52% |
| HDFC Bank Ltd. | 2.42% | 6.90% | +4.48% |
| company:443 | 4.22% | 0.00% | -4.22% |
| company:9978 | 3.87% | 0.00% | -3.87% |
| Bharti Telecom Ltd. | 0.00% | 3.48% | +3.48% |
| Infina Finance Pvt. Ltd. | 0.00% | 3.47% | +3.47% |
| The Federal Bank Ltd. | 0.00% | 3.45% | +3.45% |
| company:9813 | 3.39% | 0.00% | -3.39% |
| Bank Of Baroda | 4.79% | 1.72% | -3.07% |
| company:5721 | 2.42% | 0.00% | -2.42% |
| Sikka Ports and Terminals Ltd. | 0.00% | 2.09% | +2.09% |
| company:1529 | 1.93% | 0.00% | -1.93% |
| company:15648 | 1.75% | 0.00% | -1.75% |
| REC Ltd. | 0.00% | 1.73% | +1.73% |
| Reliance Retail Ventures Ltd. | 0.00% | 1.73% | +1.73% |
| Axis Bank Ltd. | 0.00% | 1.72% | +1.72% |
| Reserve Bank of India | 5.29% | 3.81% | -1.48% |
| Bajaj Finance Ltd. | 4.79% | 3.45% | -1.34% |
| National Bank For Agriculture & Rural Development | 4.79% | 3.45% | -1.34% |
| HSBC InvestDirect Financial Services India Ltd. | 4.58% | 3.31% | -1.27% |
| Godrej Industries Ltd. | 2.41% | 1.73% | -0.68% |
| ICICI Home Finance Company Ltd. | 2.39% | 1.72% | -0.67% |
| Kotak Mahindra Securities Ltd. | 2.39% | 1.72% | -0.67% |
| Axis Securities Ltd. | 2.40% | 1.73% | -0.67% |
| JM Financial Services Pvt. Ltd. | 2.39% | 1.73% | -0.66% |
| Small Industries Devp. Bank of India Ltd. | 2.91% | 3.43% | +0.52% |
| Union Bank of India | 1.73% | 1.25% | -0.48% |
| Kerala State | 0.00% | 0.35% | +0.35% |
| Madhya Pradesh State | 0.49% | 0.35% | -0.14% |
| Karnataka State | 0.39% | 0.28% | -0.11% |
| Others | 0.23% | 0.17% | -0.06% |
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 | ₹19,688 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% |
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 months3.22% absolute | ₹60,000 | ₹61,932 | 3.22% | |
| 1 year6.43% annualised | ₹1,20,000 | ₹1,24,263 | 3.55% | |
| 3 years6.82% annualised | ₹3,60,000 | ₹4,00,487 | 11.25% | |
| 5 years6.34% annualised | ₹6,00,000 | ₹7,07,549 | 17.92% |
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.