SBI Liquid Fund
LiquidModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹4,431.22+0.03%1 day
- Return since launch
- 6.9%
- 52-week range
- ₹4,163.42 — ₹4,428.49
- AUM
- ₹90,215 Cr
SBI Liquid Fund is a Liquid debt fund from SBI Mutual Fund with ₹90,215 Cr under management, launched in 2007. Over three years it has returned 6.5% a year, against 6.7% for its category. The expense ratio is 0.32% 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 | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 3Y | 6.5% | −0.2 pts | 6.7% | 6.5% |
| 5Y | 6.6% | +0.3 pts | 6.3% | 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 | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.2% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 pts | 6.4% | 6.4% |
| 3Y | 6.8% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 6.3% | 0.0 pts | 6.3% | 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
0.29%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.25%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.04%
- 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 | 4.55 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 10.77 | 12.32 | 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 5 category peers | |||
Portfolio
SBI Liquid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt96.7%
- Other3.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 3.21% | ₹2,490 Cr | +0.69% | +3.40% | +1.76% |
| Punjab National Bank | Financial | 3.20% | ₹2,482 Cr | +1.38% | +5.36% | +0.09% |
| Canara Bank | Financial | 2.83% | ₹2,195 Cr | +2.77% | +1.28% | +1.74% |
| HDFC Bank Ltd. | Financial | 1.92% | ₹1,487 Cr | +1.39% | +2.56% | +0.87% |
| Reserve Bank of India | Financial | 1.66% | ₹1,287 Cr | +3.63% | +3.43% | +2.54% |
| Tata Steel Ltd. | Metals & Mining | 1.55% | ₹1,198 Cr | +1.52% | — | — |
| Bank of India | Financial | 1.29% | ₹998 Cr | — | +3.25% | +1.22% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.29% | ₹996 Cr | — | — | — |
| Punjab & Sind Bank | Financial | 1.28% | ₹990 Cr | +0.69% | +0.42% | +1.74% |
| Titan Company Ltd. | Consumer Discretionary | 1.28% | ₹994 Cr | — | — | +1.30% |
| Central Bank of India | Financial | 1.27% | ₹988 Cr | +1.24% | +0.85% | — |
| Interise Trust | Financial | 1.23% | ₹950 Cr | +2.07% | — | — |
| Reliance Industries Ltd. | Energy | 1.15% | ₹888 Cr | — | — | — |
| Others | Others | 0.97% | ₹725 Cr | +1.05% | +1.28% | +1.28% |
| Aditya Birla Capital Ltd. | Financial | 0.96% | ₹744 Cr | — | +0.43% | +0.43% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.96% | ₹741 Cr | — | — | +0.87% |
| LIC Housing Finance Ltd. | Financial | 0.96% | ₹747 Cr | +0.69% | — | +1.75% |
| Reliance Retail Ventures Ltd. | Services | 0.96% | ₹745 Cr | +0.35% | +1.70% | +0.87% |
| National Bank For Agriculture & Rural Development | Financial | 0.83% | ₹646 Cr | +4.15% | +6.84% | +0.52% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.77% | ₹595 Cr | +0.83% | +0.85% | +1.32% |
| Bajaj Finance Ltd. | Financial | 0.71% | ₹547 Cr | +0.70% | +1.46% | +0.35% |
| HDB Financial Services Ltd. | Financial | 0.69% | ₹535 Cr | — | — | — |
| Aditya Birla Housing Finance Ltd. | Financial | 0.64% | ₹497 Cr | +0.35% | — | — |
| Axis Securities Ltd. | Others | 0.64% | ₹496 Cr | +0.21% | +0.43% | +0.52% |
| HDFC Securities Ltd. | Financial | 0.64% | ₹498 Cr | +0.69% | +0.34% | +0.35% |
| Karur Vysya Bank Ltd. | Financial | 0.64% | ₹497 Cr | — | — | — |
| Motilal Oswal Wealth Ltd. | Financial | 0.64% | ₹498 Cr | — | — | — |
| NTPC Ltd. | Energy | 0.64% | ₹499 Cr | — | — | +1.26% |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.64% | ₹495 Cr | +1.39% | — | — |
| Bajaj Financial Securities Ltd. | Financial | 0.51% | ₹397 Cr | +0.56% | +0.34% | +0.87% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.51% | ₹397 Cr | +0.80% | +0.17% | +0.18% |
| Embassy Office Parks REIT | Construction | 0.51% | ₹397 Cr | — | — | — |
| ICICI Home Finance Company Ltd. | Financial | 0.51% | ₹398 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.39% | ₹299 Cr | +0.69% | — | — |
| IGH Holdings Pvt. Ltd. | Communication | 0.38% | ₹297 Cr | +0.17% | +0.85% | +0.26% |
| Kotak Mahindra Securities Ltd. | Financial | 0.38% | ₹297 Cr | +0.42% | +0.51% | +0.35% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.35% | ₹273 Cr | +0.69% | +0.85% | — |
| ICICI Securities Ltd. | Financial | 0.32% | ₹248 Cr | +1.04% | +0.85% | +1.30% |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.32% | ₹248 Cr | — | +0.42% | — |
| Union Bank of India | Financial | 0.32% | ₹249 Cr | +1.39% | +0.43% | +0.30% |
| Bank Of Baroda | Financial | 0.29% | ₹223 Cr | +1.39% | +1.28% | +0.87% |
| CESC Ltd. | Energy | 0.26% | ₹199 Cr | +0.28% | — | — |
| Godrej Finance Ltd. | Financial | 0.26% | ₹199 Cr | +0.35% | +0.68% | — |
| Manappuram Finance Ltd. | Financial | 0.26% | ₹198 Cr | +0.34% | — | — |
| PNB Housing Finance Ltd. | Financial | 0.26% | ₹199 Cr | +0.55% | +0.85% | +1.14% |
| Tata Projects Ltd. | Construction | 0.26% | ₹198 Cr | +0.28% | — | — |
| Aseem Infrastructure Finance Ltd. | Financial | 0.19% | ₹149 Cr | — | +0.34% | +0.35% |
| Power Finance Corporation Ltd. | Financial | 0.19% | ₹149 Cr | +0.21% | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 0.16% | ₹123 Cr | — | +0.51% | — |
| REC Ltd. | Financial | 0.14% | ₹105 Cr | +0.34% | — | +0.21% |
| Godrej Properties Ltd. | Construction | 0.13% | ₹99.25 Cr | +0.21% | — | — |
| Gujarat State | Construction | 0.13% | ₹100 Cr | — | — | +0.26% |
| Infina Finance Pvt. Ltd. | Financial | 0.13% | ₹99.89 Cr | — | +0.34% | — |
| Tata Housing Devp. Co. Ltd | Construction | 0.13% | ₹99.38 Cr | — | — | +0.14% |
| Axis Bank Ltd. | Financial | 0.10% | ₹74.27 Cr | +0.35% | +0.51% | +1.31% |
| Nirma Ltd. | Consumer Staples | 0.10% | ₹74.72 Cr | — | — | — |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.06% | ₹49.51 Cr | — | +0.34% | +0.35% |
| Poonawalla Fincorp Ltd. | Financial | 0.06% | ₹49.86 Cr | +0.69% | — | +0.61% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Punjab National Bank | 1.08% | 3.20% | +2.12% |
| Bank Of Baroda | 1.62% | 0.29% | -1.33% |
| Bank of India | 0.00% | 1.29% | +1.29% |
| Bharat Petroleum Corporation Ltd. | 0.00% | 1.29% | +1.29% |
| Reliance Industries Ltd. | 0.00% | 1.15% | +1.15% |
| Tata Steel Ltd. | 0.54% | 1.55% | +1.01% |
| Reserve Bank of India | 0.81% | 1.66% | +0.85% |
| Central Bank of India | 0.43% | 1.27% | +0.84% |
| HDFC Bank Ltd. | 1.08% | 1.92% | +0.84% |
| company:14064 | 0.81% | 0.00% | -0.81% |
| Reliance Retail Ventures Ltd. | 0.27% | 0.96% | +0.69% |
| company:2119 | 0.65% | 0.00% | -0.65% |
| Motilal Oswal Wealth Ltd. | 0.00% | 0.64% | +0.64% |
| company:19777 | 0.59% | 0.00% | -0.59% |
| ICICI Securities Ltd. | 0.81% | 0.32% | -0.49% |
| Poonawalla Fincorp Ltd. | 0.54% | 0.06% | -0.48% |
| Canara Bank | 2.37% | 2.83% | +0.46% |
| Bharat Heavy Electricals Ltd. | 0.54% | 0.96% | +0.42% |
| LIC Housing Finance Ltd. | 0.54% | 0.96% | +0.42% |
| Small Industries Devp. Bank of India Ltd. | 2.15% | 2.57% | +0.42% |
| Interise Trust | 1.63% | 1.23% | -0.40% |
| Equitas Small Finance Bank Ltd. | 0.00% | 0.39% | +0.39% |
| company:1529 | 0.38% | 0.00% | -0.38% |
| company:11073 | 0.32% | 0.00% | -0.32% |
| company:13518 | 0.32% | 0.00% | -0.32% |
| company:1697 | 0.32% | 0.00% | -0.32% |
| company:8227 | 0.32% | 0.00% | -0.32% |
| company:11647 | 0.27% | 0.00% | -0.27% |
| company:12736 | 0.27% | 0.00% | -0.27% |
| company:20249 | 0.27% | 0.00% | -0.27% |
| IGH Holdings Pvt. Ltd. | 0.14% | 0.38% | +0.24% |
| company:11821 | 0.24% | 0.00% | -0.24% |
| company:13404 | 0.22% | 0.00% | -0.22% |
| Punjab & Sind Bank | 1.07% | 1.28% | +0.21% |
| Titan Company Ltd. | 1.07% | 1.28% | +0.21% |
| Aseem Infrastructure Finance Ltd. | 0.00% | 0.19% | +0.19% |
| Union Bank of India | 0.49% | 0.32% | -0.17% |
| Bajaj Finance Ltd. | 0.54% | 0.71% | +0.17% |
| JM Financial Services Pvt. Ltd. | 0.00% | 0.16% | +0.16% |
| company:5931 | 0.16% | 0.00% | -0.16% |
| Aditya Birla Capital Ltd. | 0.80% | 0.96% | +0.16% |
| company:9262 | 0.14% | 0.00% | -0.14% |
| Infina Finance Pvt. Ltd. | 0.00% | 0.13% | +0.13% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.64% | 0.77% | +0.13% |
| REC Ltd. | 0.27% | 0.14% | -0.13% |
| company:11779 | 0.11% | 0.00% | -0.11% |
| company:15693 | 0.11% | 0.00% | -0.11% |
| Axis Securities Ltd. | 0.53% | 0.64% | +0.11% |
| The Jammu & Kashmir Bank Ltd. | 0.53% | 0.64% | +0.11% |
| Nirma Ltd. | 0.00% | 0.10% | +0.10% |
| Aditya Birla Housing Finance Ltd. | 0.54% | 0.64% | +0.10% |
| HDB Financial Services Ltd. | 0.54% | 0.64% | +0.10% |
| HDFC Securities Ltd. | 0.54% | 0.64% | +0.10% |
| Karur Vysya Bank Ltd. | 0.54% | 0.64% | +0.10% |
| NTPC Ltd. | 0.54% | 0.64% | +0.10% |
| National Bank For Agriculture & Rural Development | 0.54% | 0.64% | +0.10% |
| Axis Bank Ltd. | 0.19% | 0.10% | -0.09% |
| Bajaj Financial Securities Ltd. | 0.43% | 0.51% | +0.08% |
| Cholamandalam Investment and Finance Company Ltd. | 0.43% | 0.51% | +0.08% |
| Embassy Office Parks REIT | 0.43% | 0.51% | +0.08% |
| ICICI Home Finance Company Ltd. | 0.43% | 0.51% | +0.08% |
| Pilani Investment And Industries Corporation Ltd. | 0.00% | 0.06% | +0.06% |
| CESC Ltd. | 0.21% | 0.26% | +0.05% |
| Manappuram Finance Ltd. | 0.21% | 0.26% | +0.05% |
| PNB Housing Finance Ltd. | 0.21% | 0.26% | +0.05% |
| Tata Projects Ltd. | 0.21% | 0.26% | +0.05% |
| Julius Baer Capital India Pvt Ltd. | 0.27% | 0.32% | +0.05% |
| Others | 0.22% | 0.26% | +0.04% |
| Power Finance Corporation Ltd. | 0.16% | 0.19% | +0.03% |
| company:11572 | 0.03% | 0.00% | -0.03% |
| company:4578 | 0.03% | 0.00% | -0.03% |
| Motilal Oswal Financial Services Ltd. | 0.32% | 0.35% | +0.03% |
| Godrej Properties Ltd. | 0.11% | 0.13% | +0.02% |
| Gujarat State | 0.11% | 0.13% | +0.02% |
| Tata Housing Devp. Co. Ltd | 0.11% | 0.13% | +0.02% |
| Godrej Finance Ltd. | 0.27% | 0.26% | -0.01% |
| Kotak Mahindra Securities Ltd. | 0.38% | 0.38% | 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 | ₹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 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 months3.19% absolute | ₹60,000 | ₹61,914 | 3.19% | |
| 1 year6.38% annualised | ₹1,20,000 | ₹1,24,229 | 3.52% | |
| 3 years6.75% annualised | ₹3,60,000 | ₹4,00,043 | 11.12% | |
| 5 years6.29% annualised | ₹6,00,000 | ₹7,06,610 | 17.77% |
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 ₹4,431.22 as on 9 Nov 2026.
What is the expense ratio of SBI Liquid Fund?
The expense ratio of SBI Liquid Fund is 0.32% 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 6.4% over 1 year, 6.5% 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 ₹13,34,527 Cr under management.