Best Liquid Fund Mutual Funds
Liquid funds invest in debt maturing within 91 days. They are used to park money for weeks or months — returns track short-term money-market rates and capital fluctuation is minimal, though not guaranteed.
We currently track 89 direct-plan Liquid Fund schemes from 42 fund houses with a median 5-year CAGR of 6.2%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 50 of 89 schemes · sorted by Y5 high to low · page 1 of 2
- Aditya Birla Sun Life Liquid Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹461.46#11Y+6.60%3Y+7.00%5Y+6.46%10Y+6.18%
- Axis Liquid Fund - Direct Plan - Growth OptionAxis · Debt₹3,177.63#21Y+6.60%3Y+7.00%5Y+6.44%10Y+6.16%
- Mahindra Manulife Liquid Fund - Direct Plan - GrowthMahindra Manulife · Debt₹1,860.07#31Y+6.54%3Y+6.97%5Y+6.44%10Y+6.19%
- Edelweiss Liquid Fund - Direct Plan - GrowthEdelweiss · Debt₹3,691.76#41Y+6.56%3Y+7.00%5Y+6.43%10Y—
- BANK OF INDIA LIQUID FUND - Direct Plan - GrowthBank of India · Debt₹3,289.02#51Y+6.54%3Y+6.96%5Y+6.43%10Y+6.12%
- PGIM India Liquid Fund - Direct Plan - Direct GrowthPGIM India · Debt₹372.57#61Y+6.53%3Y+6.97%5Y+6.42%10Y+6.16%
- Union Liquid Fund - Direct Plan - Growth OptionUnion · Debt₹2,754.05#71Y+6.52%3Y+6.96%5Y+6.42%10Y+5.74%
- Nippon India Liquid Fund - Direct Plan - Growth OptionNippon India · Debt₹6,991.91#81Y+6.57%3Y+6.97%5Y+6.42%10Y+6.16%
- DSP Liquid Fund - Direct Plan - GrowthDSP · Debt₹4,084.46#91Y+6.57%3Y+6.98%5Y+6.41%10Y+6.12%
- UTI - Liquid Fund - Direct Plan - GrowthUTI · Debt₹468.17#101Y+6.53%3Y+6.95%5Y+6.41%10Y+6.13%
- Franklin India Liquid Fund - Direct Plan - Super Institutional GrowthFranklin Templeton · Debt₹4,293.05#111Y+6.55%3Y+6.98%5Y+6.41%10Y+6.17%
- BARODA BNP PARIBAS LIQUID FUND - Direct Plan - Growth OptionBaroda BNP Paribas · Debt₹3,290.23#121Y+6.48%3Y+6.91%5Y+6.40%10Y+6.14%
- Tata Liquid Fund - Direct Plan - Growth OptionTata · Debt₹4,506.87#131Y+6.52%3Y+6.96%5Y+6.40%10Y+6.14%
- Canara Robeco Liquid Fund - Direct Plan - GROWTH OPTIONCanara Robeco · Debt₹3,421.85#141Y+6.49%3Y+6.95%5Y+6.40%10Y+6.00%
- Mirae Asset Liquid Fund - Direct Plan - GrowthMirae Asset · Debt₹3,014.12#151Y+6.45%3Y+6.93%5Y+6.40%10Y+6.11%
- Invesco India Liquid Fund - Direct Plan - GrowthInvesco · Debt₹1,857.53#161Y+6.52%3Y+6.94%5Y+6.39%10Y+6.09%
- Kotak Liquid Fund - Direct Plan - GrowthKotak Mahindra · Debt₹5,768.64#171Y+6.51%3Y+6.94%5Y+6.39%10Y+6.08%
- BANDHAN LIQUID Fund - Direct Plan - GrowthBandhan · Debt₹3,447.24#181Y+6.50%3Y+6.92%5Y+6.39%10Y+6.05%
- Invesco India Liquid Fund - Direct Plan - GrowthInvesco · Debt₹3,918.99#191Y+6.52%3Y+6.94%5Y+6.38%10Y+6.09%
- Invesco India Liquid Fund - Direct Plan - GrowthInvesco · Debt₹1,857.11#201Y+6.52%3Y+6.94%5Y+6.38%10Y+6.09%
- BANDHAN LIQUID Fund - Unclaimed Redemption Less than 3 yearsBandhan · Debt₹1.84#211Y+6.50%3Y+6.92%5Y+6.38%10Y+6.07%
- LIC MF Liquid Fund - Direct Plan - GrowthLIC · Debt₹5,182.63#221Y+6.50%3Y+6.93%5Y+6.38%10Y+6.13%
- ICICI Prudential Liquid Fund - - Direct Plan - GrowthICICI Prudential · Debt₹422.47#231Y+6.49%3Y+6.93%5Y+6.38%10Y+6.11%
- HDFC Liquid Fund - Direct Plan - Growth OptionHDFC · Debt₹5,606.19#241Y+6.51%3Y+6.92%5Y+6.37%10Y+6.06%
- SBI LIQUID FUND - Direct Plan - GrowthSBI · Debt₹4,462.67#251Y+6.49%3Y+6.89%5Y+6.36%10Y+6.07%
- TRUSTMF Liquid Fund - Direct Plan - GrowthTrust · Debt₹1,381.78#261Y+6.45%3Y+6.88%5Y+6.35%10Y—
- JM Liquid Fund - Direct Plan - Growth OptionJM Financial · Debt₹77.88#271Y+6.42%3Y+6.86%5Y+6.35%10Y+6.09%
- Quant Liquid Fund - Direct Plan - Growth OptionQuant · Debt₹45.69#281Y+6.08%3Y+6.74%5Y+6.31%10Y+6.33%
- Groww Liquid Fund - Direct Plan - GrowthGroww · Debt₹2,768.04#291Y+6.53%3Y+6.97%5Y+6.31%10Y+6.05%
- BARODA BNP PARIBAS LIQUID FUND - Growth OptionBaroda BNP Paribas · Debt₹4,777.18#301Y+6.38%3Y+6.79%5Y+6.30%10Y+6.04%
- Edelweiss Liquid FundEdelweiss · Debt₹2,105.16#311Y+6.48%3Y+6.87%5Y+6.25%10Y—
- Edelweiss Liquid FundEdelweiss · Debt₹3,286.43#321Y+6.48%3Y+6.87%5Y+6.25%10Y—
- WhiteOak Capital Liquid Fund - Direct Plan - Growth OptionWhiteOak Capital · Debt₹1,528.15#331Y+6.44%3Y+6.85%5Y+6.23%10Y—
- 360 ONE Liquid Fund - Direct Plan - GROWTH Option360 ONE · Debt₹2,184.77#341Y+6.30%3Y+6.74%5Y+6.22%10Y+5.74%
- ITI Liquid Fund - Direct Plan - Growth OptionITI · Debt₹1,480.67#351Y+6.16%3Y+6.68%5Y+6.16%10Y—
- Parag Parikh Liquid Fund - Direct Plan - GrowthPPFAS · Debt₹1,578.61#361Y+6.47%3Y+6.70%5Y+6.12%10Y—
- Navi Liquid FundNavi · Debt₹30.77#371Y+5.78%3Y+6.39%5Y+6.09%10Y+5.90%
- Motilal Oswal Liquid FundMotilal Oswal · Debt₹14.63#381Y+6.15%3Y+6.63%5Y+6.07%10Y—
- Quantum Liquid Fund - Direct Plan - Growth OptionQuantum · Debt₹37.91#391Y+5.94%3Y+6.51%5Y+6.05%10Y+5.64%
- Motilal Oswal Liquid FundMotilal Oswal · Debt₹14.34#401Y+6.15%3Y+6.58%5Y+6.04%10Y—
- Motilal Oswal Liquid FundMotilal Oswal · Debt₹15.02#411Y+6.13%3Y+6.55%5Y+6.02%10Y—
- Motilal Oswal Liquid FundMotilal Oswal · Debt₹14.84#421Y+5.92%3Y+6.37%5Y+5.84%10Y—
- Axis Liquid Fund - Growth OptionAxis · Debt₹2,863.33#431Y+5.97%3Y+6.37%5Y+5.83%10Y+5.55%
- TRUSTMF Liquid Fund - Direct Plan - Daily Income Distribution cum Capital WithdrawalTrust · Debt₹1,300.85#441Y+4.60%3Y+5.63%5Y+5.12%10Y—
- TRUSTMF Liquid Fund - Direct Plan - Weekly Income Distribution cum Capital WithdrawalTrust · Debt₹1,255.49#451Y+4.20%3Y+4.97%5Y+4.46%10Y—
- TRUSTMF Liquid Fund - Direct Plan - Monthly Income Distribution cum Capital WithdrawalTrust · Debt₹1,228.64#461Y+4.35%3Y+4.66%5Y+4.05%10Y—
- Edelweiss Liquid FundEdelweiss · Debt₹1,177.82#471Y+6.50%3Y+3.70%5Y+3.26%10Y—
- Motilal Oswal Liquid FundMotilal Oswal · Debt₹10.43#481Y+4.03%3Y+1.34%5Y+0.81%10Y—
- Motilal Oswal Liquid FundMotilal Oswal · Debt₹10.42#491Y+3.87%3Y+1.28%5Y+0.78%10Y—
- Edelweiss Liquid FundEdelweiss · Debt₹1,247.53#501Y+0.02%3Y+0.00%5Y+0.04%10Y—
Liquid Fund funds — frequently asked questions
Which Liquid Fund fund has the highest 5-year CAGR?
Aditya Birla Sun Life Liquid Fund - Direct Plan - GROWTH currently leads the Liquid Fund category with a 5-year CAGR of 6.5%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Liquid Fund fund?
Across the 89 Liquid Fund schemes we track, the median 5-year CAGR is 6.2%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.