SBI Liquid Fund
LiquidModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹4,398.770.00%1 day
- Return since launch
- 6.9%
- 52-week range
- ₹4,134.97 — ₹4,398.57
- AUM
- ₹92,192 Cr
SBI Liquid Fund is a Liquid debt fund from SBI Mutual Fund with ₹92,192 Cr under management, launched in 2007. Over three years it has returned 6.6% a year, against 6.8% for its category. The expense ratio is 0.34% and the SEBI riskometer reading is Moderate.
Performance
SBI 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 | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 2Y | 6.5% | +0.1 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% | 0.0 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% | +0.1 pts | 3.4% | 3.4% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 pts | 6.5% | 6.5% |
| 3Y | 6.8% | 0.0 pts | 6.8% | 6.7% |
| 5Y | 6.2% | 0.0 pts | 6.2% | 6.2% |
| 7Y | 5.6% | 0.0 pts | 5.5% | 5.5% |
| 10Y | 6.0% | 0.0 pts | 6.0% | 6.0% |
Since launch (22 Mar 2007): 6.9%
Calendar-year returns
Category average4.2%
3.3%
4.8%
6.9%
7.3%
6.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.4% | 0.0 pts | 6.4% |
| 2024 | 7.3% | 0.0 pts | 7.3% |
| 2023 | 6.9% | 0.0 pts | 7.0% |
| 2022 | 4.8% | −0.1 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
0.34%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.29%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- 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.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid 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 | 4.47 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 9.82 | 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
SBI Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt96.0%
- Other4.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.20% | ₹3,858 Cr | +0.72% | +0.84% | +0.84% |
| Canara Bank | Financial | 2.37% | ₹2,183 Cr | +0.25% | +1.12% | +1.55% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.15% | ₹1,980 Cr | +1.26% | +1.49% | +0.78% |
| Interise Trust | Financial | 1.63% | ₹1,500 Cr | — | +0.13% | — |
| Bank Of Baroda | Financial | 1.62% | ₹1,497 Cr | +1.24% | +1.49% | +0.77% |
| HDFC Bank Ltd. | Financial | 1.08% | ₹992 Cr | +1.24% | +2.23% | +2.32% |
| Punjab National Bank | Financial | 1.08% | ₹997 Cr | +3.96% | +4.52% | +0.63% |
| Punjab & Sind Bank | Financial | 1.07% | ₹985 Cr | +0.69% | +0.75% | +1.55% |
| company:3977 | Consumer Discretionary | 1.07% | ₹988 Cr | — | +0.91% | — |
| ICICI Securities Ltd. | Financial | 0.81% | ₹749 Cr | +0.63% | +0.75% | +0.78% |
| IDFC First Bank Ltd. | Financial | 0.81% | ₹749 Cr | +0.09% | — | +0.78% |
| Reserve Bank of India | Financial | 0.81% | ₹748 Cr | +3.25% | +2.99% | +2.26% |
| company:14725 | Financial | 0.80% | ₹740 Cr | — | +0.37% | +0.78% |
| National Bank For Agriculture & Rural Development | Financial | 0.70% | ₹644 Cr | +8.18% | +5.96% | +0.46% |
| Larsen & Toubro Ltd. | Construction | 0.65% | ₹600 Cr | +0.50% | — | +1.18% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.64% | ₹592 Cr | +0.63% | +0.75% | — |
| Jio Credit Ltd. | Financial | 0.59% | ₹548 Cr | +0.25% | — | +0.94% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.54% | ₹494 Cr | +0.31% | +0.60% | +0.55% |
| Bajaj Finance Ltd. | Financial | 0.54% | ₹494 Cr | +0.62% | +1.35% | +0.78% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.54% | ₹498 Cr | — | — | +0.63% |
| HDFC Securities Ltd. | Financial | 0.54% | ₹495 Cr | +0.35% | +0.30% | +0.31% |
| LIC Housing Finance Ltd. | Financial | 0.54% | ₹499 Cr | +1.86% | — | +1.56% |
| NTPC Ltd. | Energy | 0.54% | ₹497 Cr | — | — | — |
| Poonawalla Fincorp Ltd. | Financial | 0.54% | ₹499 Cr | +0.50% | — | +0.54% |
| Tata Steel Ltd. | Metals & Mining | 0.54% | ₹499 Cr | +1.36% | +0.75% | +0.78% |
| company:11622 | Financial | 0.54% | ₹497 Cr | — | +0.38% | — |
| company:4726 | Financial | 0.54% | ₹494 Cr | — | — | — |
| Axis Securities Ltd. | Others | 0.53% | ₹493 Cr | +0.32% | +0.45% | +0.47% |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.53% | ₹493 Cr | +1.24% | — | — |
| Union Bank of India | Financial | 0.49% | ₹449 Cr | +1.24% | +0.37% | +1.56% |
| Bajaj Financial Securities Ltd. | Financial | 0.43% | ₹394 Cr | +0.25% | +0.76% | — |
| Central Bank of India | Financial | 0.43% | ₹399 Cr | +0.63% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.43% | ₹395 Cr | +0.71% | +0.15% | +0.16% |
| company:15589 | Construction | 0.43% | ₹395 Cr | — | — | — |
| company:7990 | Financial | 0.43% | ₹395 Cr | — | +0.10% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.38% | ₹349 Cr | — | — | — |
| Kotak Mahindra Securities Ltd. | Financial | 0.38% | ₹349 Cr | +0.38% | +0.15% | +0.86% |
| DBS Bank Ltd. | Financial | 0.32% | ₹299 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 0.32% | ₹299 Cr | +1.89% | — | — |
| Kotak Securities Ltd. | Financial | 0.32% | ₹299 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.32% | ₹299 Cr | +0.50% | — | — |
| REC Ltd. | Financial | 0.32% | ₹299 Cr | — | — | +0.24% |
| SMFG India Credit Company Ltd. | Financial | 0.32% | ₹299 Cr | — | — | — |
| Axis Finance Ltd. | Financial | 0.27% | ₹249 Cr | — | — | — |
| DSP Finance Pvt Ltd. | Financial | 0.27% | ₹249 Cr | +0.31% | — | — |
| Godrej Finance Ltd. | Financial | 0.27% | ₹250 Cr | +0.50% | — | — |
| Reliance Retail Ventures Ltd. | Services | 0.27% | ₹250 Cr | +1.26% | +1.51% | +0.77% |
| TVS Credit Services Ltd. | Financial | 0.27% | ₹249 Cr | — | — | — |
| company:14166 | Financial | 0.27% | ₹247 Cr | +0.31% | +0.15% | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.24% | ₹225 Cr | — | — | +0.08% |
| Toyota Financial Services Ltd. | Financial | 0.22% | ₹200 Cr | — | — | — |
| CESC Ltd. | Energy | 0.21% | ₹197 Cr | — | — | +0.47% |
| Manappuram Finance Ltd. | Financial | 0.21% | ₹197 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 0.21% | ₹198 Cr | +0.63% | — | +1.01% |
| Tata Projects Ltd. | Construction | 0.21% | ₹197 Cr | +0.25% | — | — |
| Axis Bank Ltd. | Financial | 0.19% | ₹175 Cr | +0.31% | +0.38% | +1.16% |
| Hero FinCorp Ltd. | Financial | 0.16% | ₹150 Cr | +0.37% | — | — |
| company:4907 | Financial | 0.16% | ₹148 Cr | +0.19% | — | — |
| IGH Holdings Pvt. Ltd. | Communication | 0.14% | ₹125 Cr | +0.19% | +0.74% | +0.47% |
| Tata Capital Ltd. | Financial | 0.14% | ₹125 Cr | +0.38% | — | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.11% | ₹99.83 Cr | +0.13% | +0.75% | +0.69% |
| Godrej Properties Ltd. | Construction | 0.11% | ₹98.69 Cr | +0.13% | — | — |
| Gujarat State | Construction | 0.11% | ₹100 Cr | — | — | +0.23% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.11% | ₹99.94 Cr | — | — | — |
| company:5761 | Construction | 0.11% | ₹98.76 Cr | +0.26% | — | +0.12% |
| Astec Lifesciences Ltd. | Chemicals | 0.03% | ₹24.90 Cr | +0.03% | — | — |
| GOI | Sovereign | 0.03% | ₹30.01 Cr | — | +1.82% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | 0.65% | 2.15% | +1.50% |
| National Bank For Agriculture & Rural Development | 1.77% | 0.54% | -1.23% |
| Bank Of Baroda | 0.41% | 1.62% | +1.21% |
| ICICI Bank Ltd. | 1.18% | 0.00% | -1.18% |
| Indusind Bank Ltd. | 1.13% | 0.00% | -1.13% |
| company:3977 | 0.00% | 1.07% | +1.07% |
| company:14725 | 0.00% | 0.80% | +0.80% |
| Tata Steel Ltd. | 1.30% | 0.54% | -0.76% |
| Bharat Petroleum Corporation Ltd. | 0.65% | 0.00% | -0.65% |
| Bajaj Finance Ltd. | 1.18% | 0.54% | -0.64% |
| Bajaj Housing Finance Ltd. | 0.59% | 0.00% | -0.59% |
| Equitas Small Finance Bank Ltd. | 0.59% | 0.00% | -0.59% |
| company:11622 | 0.00% | 0.54% | +0.54% |
| company:4726 | 0.00% | 0.54% | +0.54% |
| Punjab & Sind Bank | 0.59% | 1.07% | +0.48% |
| Reserve Bank of India | 0.36% | 0.81% | +0.45% |
| company:15589 | 0.00% | 0.43% | +0.43% |
| company:7990 | 0.00% | 0.43% | +0.43% |
| Union Bank of India | 0.12% | 0.49% | +0.37% |
| Axis Securities Ltd. | 0.18% | 0.53% | +0.35% |
| Bharti Telecom Ltd. | 0.27% | 0.00% | -0.27% |
| company:14166 | 0.00% | 0.27% | +0.27% |
| Motilal Oswal Financial Services Ltd. | 0.59% | 0.32% | -0.27% |
| SMFG India Credit Company Ltd. | 0.59% | 0.32% | -0.27% |
| Cholamandalam Investment and Finance Company Ltd. | 0.68% | 0.43% | -0.25% |
| The Jammu & Kashmir Bank Ltd. | 0.77% | 0.53% | -0.24% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.38% | +0.20% |
| Bajaj Financial Securities Ltd. | 0.24% | 0.43% | +0.19% |
| Central Bank of India | 0.62% | 0.43% | -0.19% |
| company:4907 | 0.00% | 0.16% | +0.16% |
| Interise Trust | 1.77% | 1.63% | -0.14% |
| HDFC Bank Ltd. | 1.22% | 1.08% | -0.14% |
| Tata Capital Ltd. | 0.27% | 0.14% | -0.13% |
| Aditya Birla Housing Finance Ltd. | 0.42% | 0.54% | +0.12% |
| company:5761 | 0.00% | 0.11% | +0.11% |
| Punjab National Bank | 1.18% | 1.08% | -0.10% |
| Manappuram Finance Ltd. | 0.29% | 0.21% | -0.08% |
| ICICI Securities Ltd. | 0.89% | 0.81% | -0.08% |
| IDFC First Bank Ltd. | 0.89% | 0.81% | -0.08% |
| Godrej Properties Ltd. | 0.18% | 0.11% | -0.07% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.71% | 0.64% | -0.07% |
| Jio Credit Ltd. | 0.65% | 0.59% | -0.06% |
| Larsen & Toubro Ltd. | 0.71% | 0.65% | -0.06% |
| Bharat Heavy Electricals Ltd. | 0.59% | 0.54% | -0.05% |
| LIC Housing Finance Ltd. | 0.59% | 0.54% | -0.05% |
| NTPC Ltd. | 0.59% | 0.54% | -0.05% |
| Poonawalla Fincorp Ltd. | 0.59% | 0.54% | -0.05% |
| Rajasthan State | 0.04% | 0.00% | -0.04% |
| HDFC Securities Ltd. | 0.58% | 0.54% | -0.04% |
| Kotak Mahindra Securities Ltd. | 0.35% | 0.38% | +0.03% |
| Tata Capital Housing Finance Ltd. | 0.27% | 0.24% | -0.03% |
| AU Small Finance Bank Ltd. | 0.03% | 0.00% | -0.03% |
| CESC Ltd. | 0.24% | 0.21% | -0.03% |
| Tamilnadu State | 0.03% | 0.00% | -0.03% |
| Tata Projects Ltd. | 0.24% | 0.21% | -0.03% |
| DBS Bank Ltd. | 0.35% | 0.32% | -0.03% |
| Godrej Finance Ltd. | 0.30% | 0.27% | -0.03% |
| IDBI Bank Ltd. | 0.35% | 0.32% | -0.03% |
| Kotak Securities Ltd. | 0.35% | 0.32% | -0.03% |
| Reliance Retail Ventures Ltd. | 0.30% | 0.27% | -0.03% |
| PNB Housing Finance Ltd. | 0.23% | 0.21% | -0.02% |
| Axis Bank Ltd. | 0.21% | 0.19% | -0.02% |
| Hero FinCorp Ltd. | 0.18% | 0.16% | -0.02% |
| Others | 0.24% | 0.22% | -0.02% |
| Toyota Financial Services Ltd. | 0.24% | 0.22% | -0.02% |
| Axis Finance Ltd. | 0.29% | 0.27% | -0.02% |
| DSP Finance Pvt Ltd. | 0.29% | 0.27% | -0.02% |
| REC Ltd. | 0.29% | 0.27% | -0.02% |
| TVS Credit Services Ltd. | 0.29% | 0.27% | -0.02% |
| GOI | 0.04% | 0.03% | -0.01% |
| Birla Group Holdings Pvt. Ltd. | 0.12% | 0.11% | -0.01% |
| Gujarat State | 0.12% | 0.11% | -0.01% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.12% | 0.11% | -0.01% |
| IGH Holdings Pvt. Ltd. | 0.15% | 0.14% | -0.01% |
| Astec Lifesciences Ltd. | 0.03% | 0.03% | 0.00% |
| Canara Bank | 2.37% | 2.37% | 0.00% |
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 scheme seeks to provide the investors an opportunity to invest in the entire range of debt and money market securities with residual maturity upto 91 days only.
Fund managers
- Rajeev RadhakrishnanMr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
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 year6.37% annualised | ₹1,20,000 | ₹1,24,222 | 3.52% | |
| 3 years6.79% annualised | ₹3,60,000 | ₹4,00,296 | 11.19% | |
| 5 years6.22% annualised | ₹6,00,000 | ₹7,05,296 | 17.55% |
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 SBI Liquid Fund?
The NAV of SBI Liquid Fund is ₹4,398.77 as on 24 Sep 2026.
What is the expense ratio of SBI Liquid Fund?
The expense ratio of SBI Liquid Fund is 0.34% per year.
What is the minimum SIP amount for SBI Liquid Fund?
You can start a SIP in SBI Liquid Fund with ₹3,000 a month.
What returns has SBI Liquid Fund given?
SBI Liquid Fund has returned 6.6% over 1 year, 6.6% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on SBI 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 SBI Liquid Fund?
SBI Liquid Fund is rated Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages SBI Liquid Fund?
SBI Liquid Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.